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Javier Andrés Santiago
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.
Publications
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
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
Flexible Distribution Functions, Higher Order Preferences and Optimal Portfolio Allocations
Ñiguez T.M., Paya, I., Peel, D. and J. Perote
Quantitative Finance – 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
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
A multi-sector growth model with technology diffusion and networks
Magalhaes, M. & O. Afonso
Research Policy – 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
