B41, E32, O41
Cyclical Features of the Uzawa-Lucas Endogenous Growth Model (with Sergio Iván Restrepo-Ochoa), Economic Modelling (2004)
This paper analyzes the cyclical properties of a generalized version of the Uzawa-Lucas endogenous growth...
C12, E31, E41
Does the Lucas Critique Apply during Hyperinflation? Empirical Evidence from Four Hyperinflationary Episodes, Applied Economics (2002)
Farmer (1991) suggests that in a model in which there are multiple rational expectations equilibria...
C32
Does the Term Spread Play a Role in the Fed Funds Rate Reaction Function? An empirical investigation, Empirical Economics (2009)
Using US data for the period 1967:5-2002:4 this paper empirically investigates the performance of a...
Term Structure and the Estimated Monetary Policy Rule in the Eurozone (with Ramón María-Dolores), Spanish Economic Review (2009)
In this paper we estimate a standard version of the New Keynesian Monetary (NKM) model...
The Comovement between Monetary and Fiscal Policy Instruments during the Post-War period in the U.S., International Review of Economics and Finance (2008)
This paper empirically studies the dynamic relationship between monetary and fiscal policies by analyzing the...
The Importance of Stock Market Returns in Estimated Monetary Policy Rules: A Structural Approach, Moneda y Crédito (2007)
This paper estimates a standard version of the New Keynesian Monetary (NKM) model in order...
How Does the New Keynesian Monetary Model Fit in the U.S. and the Eurozone? An Indirect Inference Approach (with Ramón María-Dolores), The B.E. Journal of Macroeconomics (2006)
This paper estimates a standard version of the New Keynesian monetary (NKM) model under alternative...
Switching Equilibria: The Present Value Model for Stock Prices Revisited, Journal of Economic Dynamics and Control (2004)
This paper analyzes the dynamic features displayed by alternative rational expectatioms equilibria in the context...
Switching Regimes in the Term Structure of Interest Rates during U.S. Post-War: A Case for the Lucas Proof Equilibrium?, Studies in Nonlinear Dynamics & Econometrics (2004)
Farmer (1991) suggests that in a model in which there are multiple rational expectations (RE)...
Testing the Canonical Model of Exchange Rates with Unobservable Fundamentals (with Javier Gardeazabal and Marta Regúlez), International Economic Review (1997)
In this paper we test the asset market approach or canonical model of exchange rates....
Was the Money Demand during the German Hyperinflation Time Varying?, Applied Economics (1994)
Two versions of Cagan's model are estimated to analyse whether or not the money supply...
C62, E66
Present Value Models with Feedback: Dynamic Properties of Alternative RE Equilibria (with María-José Gutiérrez), Annales d'Économie et de Statistique (2002)
This paper analyzes the dynamic features displayed by alternative rational expectations equilibria in the context...
C63, E32, O41
A Comparison between the Log-Linear and the Parameterized Expectations Methods (with Amaia Iza and Ilaski Barañano), Spanish Economic Review (2002)
This paper compares the performance of a log-linear method and a parameterized expectations method in...
E30
Term Structure and the Estimated Monetary Policy Rule in the Eurozone (with Ramón María-Dolores), Spanish Economic Review (2009)
In this paper we estimate a standard version of the New Keynesian Monetary (NKM) model...
The New Keynesian Monetary Model: Does It Show the Comovement between GDP and Inflation in the U.S.?, Journal of Economic Dynamics and Control (2008)
This paper analyzes the performance of alternative versions of the New Keynesian Monetary (NKM) model...
How Does the New Keynesian Monetary Model Fit in the U.S. and the Eurozone? An Indirect Inference Approach (with Ramón María-Dolores), The B.E. Journal of Macroeconomics (2006)
This paper estimates a standard version of the New Keynesian monetary (NKM) model under alternative...
E31, E41
Explosive Hyperinflation, Inflation-Tax Laffer Curve, and Modeling the Use of Money (with María-José Gutiérrez), Journal of Institutional and Theoretical Economics (2004)
This paper analyzes the existence of an inflation-tax Laffer curve (ITLC) in the context of...
A Simple Model of Recurrent Hyperinflation, Revista Española de Economía (1998)
The model developed in this paper builds on Cagan's demand for money by considering that...
Was the Money Demand during the German Hyperinflation Time Varying?, Applied Economics (1994)
Two versions of Cagan's model are estimated to analyse whether or not the money supply...
E31, E47
The Co-Movement between Output and Prices in the EU15 Countries: An Empirical Investigation, Applied Economics Letters (2002)
This paper studies the comovement between output and prices in the EU15 countries. Following Den...
E41, E31
How High Can Inflation Get during Hyperinflation? A Transaction Costs Demand for Money Approach, European Journal of Political Economy (1998)
We develop an inflationary finance model where transaction costs of the type suggested by Barro...
E43
Does the Term Spread Play a Role in the Fed Funds Rate Reaction Function? An empirical investigation, Empirical Economics (2009)
Using US data for the period 1967:5-2002:4 this paper empirically investigates the performance of a...
Switching Regimes in the Term Structure of Interest Rates during U.S. Post-War: A Case for the Lucas Proof Equilibrium?, Studies in Nonlinear Dynamics & Econometrics (2004)
Farmer (1991) suggests that in a model in which there are multiple rational expectations (RE)...
E44
The Importance of Stock Market Returns in Estimated Monetary Policy Rules: A Structural Approach, Moneda y Crédito (2007)
This paper estimates a standard version of the New Keynesian Monetary (NKM) model in order...
E52
Term Structure and the Estimated Monetary Policy Rule in the Eurozone (with Ramón María-Dolores), Spanish Economic Review (2009)
In this paper we estimate a standard version of the New Keynesian Monetary (NKM) model...
The New Keynesian Monetary Model: Does It Show the Comovement between GDP and Inflation in the U.S.?, Journal of Economic Dynamics and Control (2008)
This paper analyzes the performance of alternative versions of the New Keynesian Monetary (NKM) model...
The Comovement between Monetary and Fiscal Policy Instruments during the Post-War period in the U.S., International Review of Economics and Finance (2008)
This paper empirically studies the dynamic relationship between monetary and fiscal policies by analyzing the...
The Importance of Stock Market Returns in Estimated Monetary Policy Rules: A Structural Approach, Moneda y Crédito (2007)
This paper estimates a standard version of the New Keynesian Monetary (NKM) model in order...
How Does the New Keynesian Monetary Model Fit in the U.S. and the Eurozone? An Indirect Inference Approach (with Ramón María-Dolores), The B.E. Journal of Macroeconomics (2006)
This paper estimates a standard version of the New Keynesian monetary (NKM) model under alternative...
E62
The Comovement between Monetary and Fiscal Policy Instruments during the Post-War period in the U.S., International Review of Economics and Finance (2008)
This paper empirically studies the dynamic relationship between monetary and fiscal policies by analyzing the...
F31
A Simple Model of Recurrent Hyperinflation, Revista Española de Economía (1998)
The model developed in this paper builds on Cagan's demand for money by considering that...
Testing the Canonical Model of Exchange Rates with Unobservable Fundamentals (with Javier Gardeazabal and Marta Regúlez), International Economic Review (1997)
In this paper we test the asset market approach or canonical model of exchange rates....
On Intrinsic Bubbles in the Discrete Time Version of Target Zone Models, Revista Española de Economía (1995)
The intrinsic bubble characterizing the exchange rate dynamics in the discrete time version of target...
No subject area
The Relative Importance of Inflation and Currency Depreciation in the Demand for Money: An Application of the Estimation by Simulation Method to the German Hyperinflation, Investigaciones Económicas (1995)
The model introduced assumes that the demand for money is a function of the expected...