dfae@ua.es+34 965 90 34 00University of Alicante

Contact

Facebook
 
  • Language: English
    • English English
    • Español Español
    • Valencià Valencià
Top
Department of EconomicsDepartment of Economics
Department of Economics
Economics, Economía, Fundamentos, Análisis, Económico
  • Home
  • About us
    • Welcome
    • Organization
    • Contact
  • People
    • Full-time faculty
    • Graduate Students
    • Part-time faculty
    • Administrative Staff
  • Research
    • Seminars
      • Seminars 2022-2023
      • Seminars 2021-2022
      • Seminars 2020-2021
      • Seminars 2019-2020
      • Seminars 2018-2019
      • Seminars 2017-2018
      • Seminars 2016-2017
      • Seminars 2015-2016
      • Seminars 2014-2015
      • Seminars 2013-2014
      • Seminars 2012-2013
    • Publications
      • Publications 2017-
      • Publications 2013-2016
      • Publications 2009-2012
      • Publications 2005-2008
    • Research groups
    • LaTEx
    • Projects
      • Prometeo – Gender Economics
      • Projects (Spanish gov.)
  • Graduate
    • Program in Quantitative Economics
    • Admissions and Financial Support
    • Master Courses
    • Graduate Students
    • Alumni
  • News
    • News
    • Calls for grants
Menu back  

Macroeconomics

About

Macroeconomics is the study of economics involving phenomena that affects an entire economy, including inflation, unemployment, price levels, economic growth, economic decline and the relationship between all of these. While microeconomics looks at how households and businesses make decisions and behave in the marketplace, macroeconomics looks at the big picture – it analyzes the entire economy.

While microeconomics looks at how households and businesses make decisions and behave in the marketplace, macroeconomics looks at the big picture – it analyzes the entire economy.

Publications

Financial Frictions and Firm Informality: A General Equilibrium Perspective

Franjo, L., Pouokam, N. & F. Turino
Economic Journal – 2022

Oil Discoveries and Protectionism: Role of News Effects

Perez-Sebastian, F., Raveh, Ohad & F. van der Ploeg
Journal of Environmental Economics and Management – 2021

On the contribution of the Markowitz model of utility to explain risky choice in experimental research

Georgalos, K., Paya, I., & D. Peel
Journal of Economic Behavior and Organization – 2021

The Role of Ethnic Characteristics in the Effect of Income Shocks on African Conflict

Manotas-Hidalgo, B, F. Pérez-Sebastián, and M.A. Campo-Bescós
World Development – 2021

Capital-Skill Complementarity and Biased Technical Change Across US Sectors

Pérez-Laborda, A., and F. Pérez-Sebastián
Journal of Macroeconomics – 2020

Temporal aggregation of random walk processes and implications for economic analysis

Ahmad, Y., & I. Paya
Studies in Nonlinear Dynamics and Econometrics – 2020

Federal Tax Policies, Congressional Voting, and Natural Resources

Perez-Sebastian F. and O. Raveh
Canadian Journal of Economics – 2019

Flexible Distribution Functions, Higher Order Preferences and Optimal Portfolio Allocations

Ñiguez T.M., Paya, I., Peel, D. and J. Perote
Quantitative Finance – 2019

Heterogeneous Vertical Tax Externalities and Macroeconomic Effects of Federal Tax Changes: The Role of Fiscal Advantage

Perez-Sebastian F., O. Raveh and Y.
Reingewertz
Journal of Urban Economics – 2019

“The gender gap in involuntary part-time employment: the case of Spain

Denia, A., and M.D. Guillo
International Journal of Business and Social Sciences – 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

International Interest Rates, the Current Account and Housing Markets

Franjo, L.
Economic Modelling – 2018

Macroeconomic Conditions at Entry and Injury Risk at the Workplace

Leombruni, R., T. Razzolini and F. Serti
Scandinavian Journal of Economics – 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

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

What drives vertical fiscal interactions? Evidence from the 1980 Crude Oil Windfall Act

Perez-Sebastian, F & O. Raveh
Regional Science and Urban Economics – 2018

A multi-sector growth model with technology diffusion and networks

Magalhaes, M. & O. Afonso
Research Policy – 2017

Effect of the tax system on R&D intensity, growth, wages and consumption share

Afonso, O., M. Bandeira and M. Magalhaes
Australian Economic Papers – 2017

Labour-market institutions, (un)employment, wages and growth: theory and data

Afonso, O., M. Bandeira and M. Magalhaes
Applied Economics – 2017

Lower bounds on approximation errors to numerical solutions of dynamic economic models

Judd, K.L., L. Maliar and S. Maliar
Econometrica – 2017

Testing for speculative bubbles using spot and forward prices

Pavlidis E., Paya I. and D. Peel
International Economic Review – 2017

Capital Goods, Measured TFP and Grwoth: The Case of Spain

Díaz, A. and L. Franjo
European Economic Review – 2016

Envelope Condition Method with an Application to Default Risk Models

Arellano, C., L.Maliar, S.Maliar and V.Tsyrennikov
Journal of Economic Dynamics and Control – 2016

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

Health Cycles and Health Transitions

Chakraborty S., C. Papageorgiou and F. Perez Sebastian
Macroeconomic Dynamics – 2016

Natural Resources, Decentralization, and Risk Sharing: Can Resource Booms Unify Nations?

Perez-Sebastian F. and O. Raveh
Journal of Development Economics – 2016

Pure higher-order effects in the portfolio choice model

Ñiguez T.M., Paya, I. and D. Peel.
Finance Research Letters – 2016

Ruling Out Multiplicity of Smooth Equilibria in Dynamic Games: A Hyperbolic Discounting Example

Maliar L. and S.Maliar
Dynamic Games and Applications – 2016

The Natural Resource Curse and Fiscal Decentralization

Perez-Sebastian F. and O. Raveh
American Journal of Agricultural Economics – 2016

Two-tier labour market reform: a quantitative general equilibrium assessment

Campanale, C. and F.Turino
Applied Economics Letters – 2016

Wealth inequality under “keeping up with the Joneses” preferences

Campanale, C.
Economic 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

Accessing gains from parallel computation on supercomputers

Maliar, L. and S. Maliar
Economics Bulletin – 2015

Convergence in a Dynamic Heckscher-Ohlin Model with Land

Guilló, M.D. and F. Perez-Sebastian
Review of Development Economics – 2015

Life-cycle portfolio choice with liquid and illiquid financial assets

Campanale C., C. Fugazza and F. Gomes
Journal of Monetary Economics – 2015

Market Failure, Government Inefficiency, and Optimal R&D Policy

Perez-Sebastian, F.
Economics Letters – 2015

Merging Simulation and Projection Aproaches to Solve High-Dimensional Problems with an Application to a New Keynesian model

Maliar, L., and S. Maliar
Quantitative Economics – 2015

Neoclassical Growth and the Natural Resource Curse Puzzle

Guilló, M.D. and F. Perez-Sebastian
Journal of International Economics – 2015

Relative Concerns on Visible Consumption: A Source of Economic Distortions

Quintana-Domeque, C., Turino, F.
The B.E. Journal of Theoretical Economics – 2015

Testing for linear and nonlinear Granger causality in the real exchange rate – consumption relation

Pavlidis E., Paya I. and D. Peel
Economics Letters – 2015

Numerical Methods for Large Scale Dynamic Economic Models

Maliar, L. and S. Maliar
Handbook of Computational Economics – 2014

Size, Trend, and Policy Implications of the Underground Economy

Orsi, R., Raggi, D., and F. Turino
Review of Economic Dynamics – 2014

Smolyak Method for Solving Dynamic Economic Models: Lagrange Interpolation, Anisotropic Grid and Adaptive Domain

Judd, K., L. Maliar, S. Maliar, and R. Valero
Journal of Economic Dynamics and Control – 2014

The last fifteen years of stagnation in Italy: A Business Cycle Accounting Perspective

Orsi, R., and F. Turino
Empirical Economics – 2014

Wage Rigidity and Disinflation in Emerging Countries

Messina, A. and A. Sanz-de-Galdeano
American Economic Journal: Macroeconomics – 2014

Envelope Condition Method versus Endogenous Grid Method for Solving Dynamic Programming Problems

Maliar, L., and S. Maliar
Economic Letters – 2013

Multi-product firms and business cycle dynamics

Turino, F., and A. Minniti
European Economic Review – 2013

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

Policy Announcements and Welfare

Lepetyuk, V., and C.A. Stoltenberg
The Economic Journal – 2013

Taking Perturbation to the Accuracy Frontiers: A Hybrid of Local and Global Solutions

Maliar, L.,Maliar, S. and S. Villemot
Computational Economics – 2013

Technology Diffusion and its Effects on Social Inequalities

Magalhaes, M. and C. Hellström
Journal of Macroeconomics – 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

New measures of monetary policy surprises and jumps in interest rates

Leon, A. and S. Sebestyén
Journal of Banking & Finance – 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

A Unified Theory of Structural Change

Guilló, M.D., C. Papageorgiou and F. Perez-Sebastian
Journal of Economic Dynamics and Control – 2011

Learning, Ambiguity and Life-Cycle Portfolio Choice

Campanale, Claudio
Review of Economic Dynamics – 2011

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

Asset Pricing in a Production Economy with Chew-Dekel Preferences

Campanale, Claudio., Rui Castro and Gian Luca Clement
Review of Economic Dynamics – 2010

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

Non-Price Competition, Real Rigidities and Inflation Dynamics

F. Turino
The B.E. Journal of Macroeconomics – 2010

Private equity returns in a model of entrepreneurial choice with learning

Campanale C.
The B.E. Journal of Macroeconomics, Contributions – 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

Government Investment and the European Stability and Growth Pact

Bassetto, M., and V. Lepetyuk
Economic Perspectives – 2007

Jump and Rest Effects in the US Business Cycle.

Camacho, Máximo, and Gabriel Pérez-Quiros
Studies in Nonlinear Dynamics and Econometrics – 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

Natural Resources, Intangible Capital and Barriers to Economic Development

Guilló, M.D.
Perspectives on Economic Growth – 2006

Endogenous Growth and Endogenous Business Cycles

Maliar, L. and S. Maliar
Macroeconomic Dynamics – 2005

Family Ties and Labor Supply

Guilló, M.D. and A. Díaz
Investigaciones Económicas – 2005

Income and Wealth Distributions Along the Business Cycle: Implications from the Neoclassical Growth Model

Maliar, L., S. Maliar and J. Mora
The B.E. Journal of Macroeconomics – 2005

Indivisible Labor, Lotteries and Idiosyncratic Productivity Shocks

Maliar, L. and S. Maliar
Mathematical Social Sciences – 2005

Parameterized Expectations Algorithm: How to Solve for Labor Easily

Maliar, L. and S. Maliar
Computational Economics – 2005

Solving Nonlinear Stochastic Growth Models: an Algorithm Computing Value Function by Simulations

Maliar, L. and S. Maliar
Economic Letters – 2005

Solving the Neoclassical Growth Model with Quasi-Geometric Discounting: A Grid-Based Euler-Equation Method

Maliar, L. and S. Maliar
Computational Economics – 2005

The Consumption and Welfare Implications of Wage Arrears in Transition Economies

Boyarchuk, D., Maliar, L. and S. Maliar
Journal of Comparative Economics – 2005

Costly Capital Reallocation and Energy Use

Guilló, M.D., A. Diaz and L. Puch
Review of Economic Dynamics – 2004

Preference Shocks from Aggregation: Time Series Data Evidence

Maliar, L. and S. Maliar
Canadian Journal of Economics – 2004

Quasi-Linear Preferences in the Macroeconomy: Indeterminacy, Heterogeneity and the Representative Consumer

Maliar, L. and S. Maliar
Spanish Economic Review – 2004

Parameterized Expectations Algorithm and the Moving Bounds

Maliar, L. and S. Maliar
Journal of Business & Economic Statistics – 2003

Quasi-Geometric Discounting: a Closed Form Solution under the Exponential Utility Function

Maliar, L. and S. Maliar
Bulletin of Economic Research – 2003

The Representative Consumer in the Neoclassical Growth Model with Idiosyncratic Shocks

Maliar, L. and S. Maliar
Review of Economic Dynamics – 2003

Heterogeneity in Capital and Skills in a Neoclassical Stochastic Growth Model

Maliar, L. and S. Maliar
Journal of Economic Dynamics & Control – 2001

The Trade Balance and the Terms of Trade in a Two-Country Two-Sector OLG Economy

Guilló, M.D
Spanish Economic Review – 2001

Differential Responses of Labor Supply Across Productivity Groups

Maliar, L. and S. Maliar
Journal of Macroeconomics – 2000

Team
Javier Andrés Santiago
September 15, 2022
Claudio Campanale
October 14, 2020
M. Dolores Collado Vindel
October 31, 2022
Luis Franjo
October 14, 2020
María Dolores Guilló Fuentes
October 14, 2020
Euiyoung Jung
September 15, 2022
Serguei Maliar Pushnoy
October 14, 2020
Lilia Maliar Zakladna
October 14, 2020
Julián Messina
October 31, 2022
Elie Murard
September 15, 2022
Iván Payá Sastre
September 15, 2022
Gabriel Pérez-Quirós
October 14, 2020
Fidel Pérez Sebastián
November 3, 2022
Omar Rachedi
October 14, 2020
Anna Sanz-de-Galdeano
October 4, 2022
Francesco Turino
September 15, 2022
Share
FacebookTwitter
  • English (en)English
  • Español (es)Español
  • Valencià (vl)Valencià
Research
  • Job Opportunities
  • Full-time faculty
  • Publications 2017-
  • Seminars 2022-2023
  • Research groups
  • LaTEx
Research groups
  • Prometeo – Economia y Gènere
    October 19, 2020
  • Behavioral, Experimental and Network Economics
    June 22, 2021
  • Development Economics
    June 22, 2021
  • Econometrics
    June 22, 2021
  • Economic Theory
    June 22, 2021
  • Industrial Organization
    June 22, 2021
  • International, Urban and Regional Economics
    June 22, 2021
  • Labor Economics
    June 22, 2021
  • Macroeconomics
    June 22, 2021
  • Mathematical Economics
    June 22, 2021
  • Public Economics and Political Economy
    June 22, 2021
Quick links
  • Seminars 2022-2023
  • Publications 2017-
  • Full-time faculty
  • Master in Quantitative Economics
  • Graduate Students
  • Admissions and Financial Support
  • News
  • Prometeo – Gender Economics
  • English (en)English
  • Español (es)Español
  • Valencià (vl)Valencià