Department of Economics – Economics, Economía, Fundamentos, Análisis, Económico

Highlights

Full-time faculty

A multi-disciplinary team of researchers.

Publications 2017-2020

Featured contributions to several fields in Economics.

Workshop for the presentation of the doctoral agreement between IMT-Lucca and UA-FAE

Workshop for the presentation of the agreement between IMT-Lucca and UA-FAE Friday, October 18 from 11:30 to 13:00 Place: Aula Vicens Vives 11:30 Welcome Remarks by Lola Collado 11:40 Presentation of the Agreement between IMT and UA of co-tutorship and double PhD degree by Massimo Riccaboni 12:00 Ennio Bilancini (IMT), “Does Focality…

Carmen Beviá, appointed Secretary of Universities and Research of the Generalitat Valenciana

Our colleague Carmen Beviá has been appointed Secretary of Universities and Research of the Generalitat Valenciana. Congratulations, Carmen!

Upcoming seminars

Estimating the Expected Shortfall of Financial Asset Returns: Parametric vs. Seminonparametric Approaches

Brenda Castillo
26-Feb-2020. 14:30
Students Seminar

Recent publications

Education and adult health: Is there a causal effect?

Albarrán, P., Hidalgo-Hidalgo, M. and I. Iturbe-Ormaetxe
Social Science & Medicine – Forthcoming
Leverage effect in energy futures revisited

Carnero, M.A. and A. Perez
Energy Economics – Forthcoming
Outliers and misleading leverage effect in asymmetric GARCH-type models

Carnero, M. A. and A. Perez
Studies in Nonlinear Dynamics and Econometrics – Forthcoming
The Impact of Health Insurance on Stockholding: a Regression Discontinuity Approach

Christelis, D., Georgarakos, D. and A. Sanz-de-Galdeano
Journal of Health Economics – Forthcoming
A Bridge from Monty Hall to the Hot Hand: The Princple of Restricted Choice

Miller. J.B. and A. Sanjurjo
Journal of Economic Perspectives – 2019
Flexible Distribution Functions, Higher Order Preferences and Optimal Portfolio Allocations

Ñiguez T.M., Paya, I., Peel, D. and J. Perote
Quantitative Finance – 2019
Population structure and the human development index

Herrero, C. and A. Villar
Social Indicators Research – 2019
The Public and Private Marginal Product of Capital

Lowe, M., C. Papageorgiou and F. Perez
Economica – 2019
A nonlinear analysis of the real exchange rate-consumption relationship

Pavlidis E., Paya I. and D. Peel
Macroeconomic Dynamics, – 2018
Advertising and Aggregate Consumption: A Bayesian DSGE Assessment

Molinari, B. and F. Turino
Economic Journal – 2018
Asymmetric Concession Making: An Experimental Study

Felli, C., W. Güth, E. Mata-Pérez and G.Ponti
Journal of Conflict Resolution – 2018
Facts and Misconceptions about 2D:4D, Social and Risk Preferences

Alonso, J., R. Di Paolo, G. Ponti and M. Sartarelli
Frontiers in Behavioral Neuroscience – 2018
Guaranteeing highly robust weakly efficient solutions for uncertain multi-objective convex programs.

Goberna, M.A., V. Jeyakumar, G. Li and J. Vicente-Pérez
European Journal of Operational Research – 2018
Horizontal mergers in oligopoly

Faulí-Oller, R. and J. Sandonís
Handbook of Game Theory and Industrial Organization – 2018
Long-run Effects of Public Expenditure on Poverty

Hidalgo-Hidalgo, M. and I. Iturbe-Ormaeche
Journal of Economic Inequality – 2018
Macroeconomic Conditions at Entry and Injury Risk at the Workplace

Leombruni, R., T. Razzolini and F. Serti
Scandinavian Journal of Economics – 2018
Manufacturer mergers and product variety in vertically related markets

Milliou, C. and J. Sandonís
Journal of Industry, Competition and Trade – 2018
On supply function equilibria in a mixed duopoly.

Gutiérrez-Hita, C., and J. Vicente-Pérez
Economics Letters – 2018
Preferrence Based Subjective Beliefs

Giaccherini, M., and Ponti, G.
Games – 2018
The Balanced Worth: A Procedure to Evaluate Performance in Terms of Ordered Attributes

Herrero, C. and A. Villar
Social Indicators Research – 2018
The Dynamics of Heterogeneous Political Party Support and Egocentric Economic Evaluations: the Scottish Case

Chrysanthou, G. and M.D. Guilló
European Journal of Political Economy – 2018
Upstream incentives to encourage downstream competition in a vertically separated industry

López Cuñat, Javier M. and J. Sandonís
The Singapore Economic Review – 2018
Using market expectations to test for speculative bubbles in the crude oil market

Pavlidis E., Paya I. and D. Peel
Journal of Money, Credit and Banking – 2018
Eliciting Real-Life Social Networks: a Guided Tour

Brañas-Garza, P., Jiménez, N. and Ponti, G.
Journal of Behavioral Economics for Policy – 2017
Growth in Illyria: The role of Meritocracy in the Accumulation of Human Capital

Beviá, C., L. Corchón
Mathematical Social Sciences – 2017
Lower bounds on approximation errors to numerical solutions of dynamic economic models

Judd, K.L., L. Maliar and S. Maliar
Econometrica – 2017
On Finite Linear Systems Containing Strict Inequalities

Rodríguez M.M.L. and J. Vicente-Pérez
Journal of Optimization Theory and Applications – 2017
Relinquishing Power, Exploitation and Political Unemployment in Democratic Organizations

Beviá, C., L. Corchón, A. Romero-Medina
Social Choice and Welfare – 2017
Response Functions

Oyarzún, C., A. Sanjurjo and H. Nguyen
European Economic Review – 2017
Search with multiple attributes: Theory and empirics

Sanjurjo, A.
Games and Economic Behavior – 2017
Social Motives vs Social Influence: an Experiment on Time Preferences

Rodríguez -Lara, I. and G. Ponti
Games and Economic Behavior – 2017
Testing for speculative bubbles using spot and forward prices

Pavlidis E., Paya I. and D. Peel
International Economic Review – 2017
Testosterone administration does not affect men’s rejections of low ultimatum game offers or aggressive mood

Cueva, C., R.E. Roberts, T.J. Spencer, N. Rani, M. Tempest, P.N. Tobler, J. Herbert, A. Rustichini
Hormones and Behavior – 2017
The Curse of Low Expectations: Remedial Education and Perceived Returns to Education of Roma People

Battaglia, M. and L.Lebedinski
Economics of Transition – 2017
The Herrero-Villar approach to citation impact

Albarrán, P., C.Herrero, J. Ruiz-Castillo and A. Villar
Journal of Infometrics – 2017
Vertical separation vs. independent downstream entry in an electricity network: Experimental insights

Ciarreta, A., E. Fatás, N. Georgantzis, and C.Gutiérrez-Hita
Electric Power Systems Research – 2017
Episodes of exuberance in housing markets: in search of the smoking gun”

Pavlidis E., Yusupova A., Paya I., Peel D., Martinez-Garcia E. and V. Grossman
Journal of Real Estate Finance and Economics – 2016
Pure higher-order effects in the portfolio choice model

Ñiguez T.M., Paya, I. and D. Peel.
Finance Research Letters – 2016
Wealth fluctuations and investment in risky assets: The UK micro evidence on household asset allocation

Paya I. and P. Wang
Journal of Empirical Finance – 2016
Testing for linear and nonlinear Granger causality in the real exchange rate – consumption relation

Pavlidis E., Paya I. and D. Peel
Economics Letters – 2015
Nonlinear causality tests and multivariate conditional heteroskedasticity: A simulation study

Pavlidis E., Paya I. and D. Peel
Studies in Nonlinear Dynamics and Econometrics – 2013
Nonlinear dynamics in economics and finance and unit root testing

Pavlidis E., Paya I., Peel D. and C. Siriopoulos
European
Journal of Finance – 2013
Forecast evaluation of nonlinear models: The case of long-span real exchange rates”

Pavlidis E., Paya I. and D. Peel
Journal of Forecasting – 2012
Forecasting monetary policy rules in South Africa

Naraidoo R. and I. Paya
International Journal of Forecasting – 2012
On the stability of CRRA utility under high degrees of uncertainty

Ñiguez T.M., Paya, I., Peel, D. and J. Perote
Economics Letters – 2012
Real exchange rates and time-varying trade costs

Pavlidis E., Paya I. and D. Peel
Journal of International Money and Finance – 2011
Sampling of nonlinear models: Evidence on speed of adjustment in index futures markets

Paya I. and D. Peel
Journal of Futures Markets – 2011
Inflation dynamics in the U.S.: Global but not local mean reversion

Novay A., Paya I. and D. Peel
Journal of Money, Credit and Banking – 2010
Specifying smooth transition regression models in the presence of conditional heteroskedasticity of unknown form

Pavlidis E., Paya I. and D. Peel
Studies
in Nonlinear Dynamics and Econometrics – 2010
The Forward Premium Puzzle in the interwar period and deviations from covered interest parity

Paya I., Peel D. and A. Spiru
Economics Letters – 2010
Linkages between Shanghai and Hong Kong stock indices

Paya I. and S. Zhang
Applied Financial Economics – 2009
Deterministic impulse response in a nonlinear model. An analytic expression

Venetis I.,Paya I. and D. Peel
Economics Letters – 2007
On the relationship between inflation persistence and temporal aggregation

Paya I., Duarte A. and K. Holden
Journal of Money, Credit and Banking – 2007
A new analysis of the determinants of the real dollar-sterling exchange rate: 1871-1994”

Paya I. and D. Peel
Journal
of Money, Credit and Banking – 2006

Graduate

Program in Quantitative Economics

A PhD program attracting outstanding students all over the world.

Admissions and Financial Support

Candidates with a strong background in economics and/or mathematics are encouraged to apply.

Alumni

Since 2000, over 100 of our PhDs have found a job in prestigious institutions.

Master in Quantitative Economics

A two-year master program with a special emphasis on the fundamentals of economics.