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Structural gravity and the gains from trade under imperfect competition: Quantifying the effects of the European Single Market
(Elsevier, 2023-11-25)
The structural gravity model is the workhorse model in international trade to estimate the drivers of trade costs. We propose a new gravity estimation procedure that allows us to disentangle exogenous trade costs and ...
Inequality-constrained monetary policy in a financialized economy
(Elsevier, 2023-10-31)
We study how income inequality affects monetary policy through the inequality-household debt channel. We design a minimal macro Agent-Based model that replicates several stylized facts, including two novel ones: falling ...
Economic Development and Pesticide Use in EU Agriculture: A Nonlinear Panel Data Autoregressive Distributed Lag Approach
(MDPI, 2023-09)
Within the regime established by the Directive on Sustainable Use of Pesticides (SUDP); the present work explores the relationship between pesticides’ agricultural use per hectare of cropland and the GDP per capita of the ...
Pragmatismo económico y utopía social en Manuel Azaña antes y después de abril de 1931
(Universidad Nacional de Colombia, 2023-12-12)
Las concepciones económicas y sociales de Manuel Azaña no han recibido la atención diferenciada que su pensamiento político y su actuación en cargos supremos durante la república española sí ...
Estimation of regime-switching diffusions via Fourier transforms
(Springer, 2024)
In this article, an algorithm for maximum-likelihood estimation of regime-switching diffusions is proposed. The proposed
approach uses a Fourier transform to numerically solve the system of Fokker–Planck or forward ...