Abstract: This paper analyses the transmission of monetary policy to bank lending conditions during the period of financial and sovereign debt crisis in the euro area. A unique bank-level dataset is used to capture the main channels through which standard and non-standard monetary policy measures propagates to the lending behaviour of individual banks. The results…
Abstract The aim of this paper is to create counterfactual series in a reliable way and illustrate its use. The present literature is dominated by the Synthetic Control Method (SCM), but there are cases where it cannot perform and it was not created considering the trade-off between bias and variance, hence the accuracy of results…
ABSTRACT The growth of the mobile data services market is no longer dependent on push strategies from suppliers. On the contrary, demand is now driving the market to the extent that it will not be easy for mobile operating companies to cope up with the demand to come in the near future. Operators are forced…
Abstract This paper proposes a theory of media silence. The argument is that news organizations have the power to raise public concern and so affect the probability that there is ex-post verification of the true state of the world. Following the seminal article by Gentzkow and Shapiro (2006), we consider a newspaper that seeks to…
Abstract This paper analyzes the rejection of tax fraud in Spain before and after the Great Depression and studies the role of certain determinants of two categories: internal or individual, and contextual, social or institutional. We use a logit model obtaining that the rejection of tax evasion depends positively on individual variables such as age…
Abstract ¿Por qué, aún tras la Segunda Guerra Mundial, persistía en la Europa mediterránea una dieta en la que los alimentos de origen animal tenían escasa importancia? El objetivo de este artículo es contribuir a responder esta pregunta a través de un estudio de las causas por las cuales el consumo de productos lácteos (una…
Abstract Análogamente a como los gráficos de recurrencia permiten visualizar la correlación integral de una serie temporal, definimos la herramienta gráfica para la correlación integral simbólica de una serie vectorial, son los gráficos de recurrencia simbólicos y gráficos de recurrencia simbólicos coloreados.Estos gráficos informan sobre la estructura de la serie como se ilustrara con distintos…
Abstract I Parte: Presentación teórica. Modelos macroeconómicos para una unión monetaria En esta sección se va a presentar un marco general para el análisis macroeconómico. Para ello se desarrollará un modelo de carácter autocontenido, que tras describir una economía cerrada por el lado de la oferta y la demanda, se ampliará para poder representar una…
Abstract Several power indices were introduced in order to account for different aspects of decisional situations. The talk presents how to deal with those situations, commonly arising in politics, in which the agents have some incompatibilities. Some comments on existing power indices and how communication structures and restricted games may allow a better evaluation of…
Abstract Following the ideas of the Tourism Area Life Cycle (TALC) theory, we propose a dynamic econometric model for tourism demand where the reputation effect (the effect of the lagged demand on the current tourism demand) is not constant, but dependent on congestion. We test the model using panel data from Spanish regions during the…
