A5039483423- Economic theories and models
- Fiscal Policy and Economic Growth
- Economic Growth and Productivity
- Financial Literacy, Pension, Retirement Analysis
- Taxation and Compliance Studies
- Intergenerational and Educational Inequality Studies
- Corporate Taxation and Avoidance
- Financial Markets and Investment Strategies
- Economic Policies and Impacts
- Complex Systems and Time Series Analysis
- Income, Poverty, and Inequality
- Risk and Portfolio Optimization
- Monetary Policy and Economic Impact
- Economic Theory and Policy
- Decision-Making and Behavioral Economics
- Auditing, Earnings Management, Governance
- Gender, Labor, and Family Dynamics
- Employment and Welfare Studies
- Financial Risk and Volatility Modeling
- Housing Market and Economics
- Economic Growth and Development
- Economic and Social Development
- Finance, Taxation, and Governance
- Regional Development and Policy
- Labor market dynamics and wage inequality
Universitat Autònoma de Barcelona
2010-2022
Barcelona School of Economics
2006-2022
Escola Brasileira de Economia e Finanças
2000-2021
Althaia
2009
Institut d'Anàlisi Econòmica
2001
This paper presents a class of models in which agents may devote part their nonleisure activities to going school so as increase the efficiency units labor they supply firms and wages receive. The interaction among technology human capital accumulation agents' preferences will determine endogenously economy's rate growth. Given constant returns scale for physical accumulation, we characterize set steady states ray from origin show global convergence every off-balanced path some point on this...
THE CENTRAL PURPOSE OF THIS PAPER is to develop a model of insider trading (i.e., based on private information) in the context an imperfectly competitive multi-security market with risk-neutral agents. Imperfect competition allows us consider strategic behavior, and lets study effect correlated environment equilibrium. We employ informational assumption that makers can observe all order flows, so portfolio diversification arises this for reasons. Given fundamentals, potentially learn about...
High unemployment and fiscal austerity during the Great Recession have led to significant migration outfl ows in those European countries that suffered a deep deterioration of their economy, Greece being most obvious case. This paper introduces endogenous small open economy DSGE model analyze business cycle effects from interaction consolidation instruments with migration. A tax-based induces strongest increase emigration, leading highest costs terms aggregate GDP medium run. As result,...
Abstract We analyze the welfare properties of competitive equilibrium in a capital accumulation model where individual preferences are subject to both habit formation and consumption spillovers. Using an additive specification for preferences, according which argument utility function is linear combination present past values own spillovers, we circumstances under these spillovers source inefficiency. It shown that externalities have interact with habits order generate inefficient dynamic...
We consider an economy where individuals use their standard of living based on past consumption in order to evaluate the utility arising from current consumption. analyse how this process preference formation affects bequest motive. show that habits (based one's own consumption) reduce willingness leave bequests, while aspirations parents) make existence positive bequests easier. The long‐run effects both and capital stock amount depend whether or not motive is operative.
Journal Article ENDOGENOUS GROWTH, HUMAN CAPITAL, AND BEQUESTS IN A LIFE-CYCLE MODEL Get access JORDI CABALLÉ Departament d'Economia i d'Història Econòmica, Universitat Autònoma de Barcelona08193 Bellaterra, Barcelona, Spain Search for other works by this author on: Oxford Academic Google Scholar Economic Papers, Volume 47, Issue 1, January 1995, Pages 156–181, https://doi.org/10.1093/oxfordjournals.oep.a042158 Published: 01 1995
We analyze the welfare properties of equilibrium path a growth model where both habits and consumption externalities affect utility consumers. Our analysis highlights crucial role played by complementarities between in order to generate an inefficient dynamic equilibrium. In particular, we show that competitive is when habit‐adjusted are not perfect substitutes.
To present the data of laparoscopy in liver surgery and to assess real indications outcomes this kind approach.From February 2000 March 2008, a prospective study was performed on 182 patients from 15 Spanish surgical centres.A total 308 lesions collected. The mean age 57 years old, 61.5% were female. Among with cystic we found: 45 simple cysts, 19 policystic diseases, 12 hydatidic cysts 2 cystoadenomas. solid (n = 104), found 34 benign pathology (12 focal nodular hyperplasia, 10 adenomas, 7...
An increase in the tax rate on capital income may raise of economic growth when elasticity intertemporal substitution is low and intergenerational transfers are absent. Since strength bequest motive depends rates, this paper provides conditions under which taxing income, then reducing labour tax, more enhancing than classical policy zero taxes vice versa. This analyses effects different growth. We consider an economy public spending a fixed fraction GNP government can obtain revenues from...
In this paper, I present some popular measures of mobility in economic outcomes within a family across generations. also discuss two the most important factors preventing intergenerational mobility: existence financially constrained individuals and transmission tastes from parents to children. Finally, show how these could give raise dramatic reversals fortune affecting successive generations same dynasty. will cast results different models use terms previous mobility.
Abstract We analyze how the introduction of habits and aspirations affects distribution wealth when labor productivity individuals is subject to idiosyncratic shocks bequests arise from a joy‐of‐giving motive. In presence either or aspirations, income are transmitted intergenerationally, this transmission, together with contemporaneous shocks, determines wealth. show that (habits) decreases (increases) average wealth, increases (decreases) both its intragenerational variability degree...
Abstract We analyze the transitional dynamics of an economic model with heterogeneous consumption goods where convergence is driven by two different forces: typical diminishing returns to capital and dynamic adjustment in expenditure induced variation relative prices. show that this second force affects growth rate if are produced technologies exhibiting intensities intertemporal elasticity substitution not equal one. Because aforementioned effect prices arises only under goods, exhibits...
What is the role of emigration in a deep recession when government implements fiscal consolidation? To answer this question, we build small open economy New Keynesian model with matching frictions and emigration. In simulations for Greek Depression, austerity accounts almost 1/3 GDP decline 12% A no-migration scenario under-predicts bust output by 1/6 rise debt-to-GDP ratio 8 percentage points. The link between bi-directional. Emigration increases labour tax hike time required to reduce debt...