En este trabajo vamos a considerar el caso más favorable para la existencia de una situación de eficiencia walrasiana sin desempleo, la información simétrica, pero queremos discutir cómo incluso en este caso si la mano de obra no es homogénea (los individuos tienen diferente productividad)...

En este trabajo se discute y evalúa cuatro índices simples de progresividad del IRPF entre 1979, año de su implantación, y 1984, último ejercicio fiscal para el que se dispone de información en el momento de redactar estas líneas. Dado que una de las principales metas de la imposición...

En este trabajo de presentan las diferentes concepciones desarrolladas en los últimos años sobre la oferta de trabajo y el equilibrio del mercado, que suponen la transición de la concepción clásica en un mundo en que los agentes económicos actúan con una completa información sobre las...

This paper extends our previous work on grain market integration across Europe and the Americas in the eighteenth and nineteenth centuries (Dobado, García-Hiernaux and Guerrero, 2012). By using the same econometric methodology, we now present: 1) a search for statistical evidence in the East of...

The process of wage determination is one of the most important institutional features of an economy. It determines the response to exogenous shocks and affects the long run perfomance as far as employment is concerned. For most western European countries the role of unions in that process is...

Remittances can have a contractive net impact on the recipient economy. In this case the effect of the sterilized intervention of the central bank in the foreign exchange market and/or the impact of stimulus policies on the autonomous demand prevent the contraction of GNP and foments the desired...

The paper investigates the impact of jumps in forecasting co-volatility, accommodating leverage effects. We modify the jump-robust two time scale covariance estimator of Boudt and Zhang (2013) such that the estimated matrix is positive definite. Using this approach we can disentangle the...

Of the two most widely estimated univariate asymmetric conditional volatility models, the exponential GARCH (or EGARCH) specification can capture asymmetry, which refers to the different effects on conditional volatility of positive and negative effects of equal magnitude, and leverage, which...

The problem of diagnostic checking is tackled from the perspective of the subspace methods. Two statistics are presented and its asymptotic distributions are derived under the null. The procedures generalize the Box-Pierce statistic for single series and the Hoskings' statistic in the...

Two of the fastest growing frontiers in econometrics and quantitative finance are time series and financial econometrics. Significant theoretical contributions to financial econometrics have been made by experts in statistics, econometrics, mathematics, and time series analysis. The purpose of...