The Optimality of the Common Fisheries Policy: the Northern Stock of Hake

We evaluate the management of the Northern Stock of Hake during 1986-2001. A stochastic bioeconomic model is calibrated to match the main features of this fishing ground. We show how catches, biomass stock and profits would have been if the optimal Common Fisheries Policy (CFP) consistent with the target biomass implied by the Fischler’s Recovery Plan had been implemented. The main finding are: i) an optimal CFP would have generated profits of more than 667 millions euros, ii) if side-payments are allowed (implemented by ITQ’s, for example) these profits increase 26%.

Should Fiscal Policy be different in a Non-Competitive Framework?

Published as an article in: Journal of Monetary Economics, 2003, vol. 50, issue 6, pages 1311-1331.

Optimal Fiscal Policy with Rationing in the Labor Market

Published as an article in: Topics in Macroeconomics, 2005, vol. 5, issue 1, article 17.

Modelos de empresa multinacional democrática o cooperativa

[ES] En este trabajo analizamos las posibles vías de desarrollar otro modelo de empresa multinacional desde tres puntos de vista. En primer lugar, analizaremos el papel que pueden desempeñar los códigos de conducta como instrumentos complementarios para diseñar una política social internacional. En segundo lugar, realizamos una breve reflexión sobre la cooperativa multinacional, o la cooperativa global, como alternativa cooperativa al modelo de empresa multinacional imperante. Por último, en tercer lugar, desde un punto de vista más amplio, nos referimos a las posibilidades de desarrollar un modelo de empresa multinacional más democrática. En este sentido, estudiamos algunos condicionantes que afectan al funcionamiento y a los procesos de decisión de las empresas multinacionales, en concreto nos referimos a los mecanismos de coordinación entre las diferentes unidades de la estructura multinacional y a las características de las filiales, en cuanto a su fortaleza o calidad.

Innovación y Política Tecnológica: el caso del Sector Transformador y el Sector Servicios a Empresas

[ES] Este trabajo analiza algunos de los determinantes de la innovación de producto en el caso de los emprendedores del sector transformador y del sector servicios a empresas. Entre estos factores se encuentran el capital humano, la tecnología, el grado de competencia del mercado, las expectativas y el grado de internacionalización de las iniciativas emprendedoras de estos dos sectores. Asimismo, se analiza cómo las medidas de política tecnológica pueden o no ser eficientes.

Time Variation in an Optimal Asymmetric Preference Monetary Policy Model

This paper considers a time varying parameter extension of the Ruge-Murcia (2003, 2004) model to explore whether some of the variation in parameter estimates seen in the literature could arise from this source. A time varying value for the unemployment volatility parameter can be motivated through several means including variation in the slope of the Phillips curve or variation in the preferences of the monetary authority.We show that allowing time variation for the coefficient on the unemployment volatility parameter improves the model fit and it helps to provide an explanation of inflation bias based on asymmetric central banker preferences, which is consistent across subsamples.

Optimal Monetary Policy with Asymmetric Preferences for Output

Using a model of an optimizing monetary authority which has preferences that weigh inflation and unemployment, Ruge-Murcia (2003, 2004) finds empirical evidence that the authority has asymmetric preferences for unemployment. We extend this model to weigh inflation and output and show that the empirical evidence using these series also supports an asymmetric preference hypothesis, only in our case, preferences are asymmetric for output. We also find evidence that the monetary authority targets potential output rather than some higher output level as would be the case in an extended Barro and Gordon (1983) model.

Ethnolinguistic democracy, translation policy and contemporary world order (dis)order

Eguíluz, Federico; Merino, Raquel; Olsen, Vickie; Pajares, Eterio; Santamaría, José Miguel (eds.)

Does training policy help to attract, retain and develop valuable human resources? Analysis from the Mondragon case

This is an electronic version of the accepted paper in the journal:Advances in the Economic Analysis of Participatory and Labor-Managed Firms. Volumen. 12

Which policy option can be more cost-effective in promoting the use of energy efficient appliances in Europe? A comparison of energy taxes, subsidies, tax credits and bans.

4 p.

Discounting the value of natural resources in costbenefit analysis: a case study for policy making

4 p.

A new adaptive marine policy toolbox to support ecosystem-based approach to management

4 p.

Environmental Concerns in Water Pricing Policy: an Application of Data Envelopment Analysis (DEA)

25 p.

Economic Assessment of Forest Ecosystem Services Losses: Cost of Policy Inaction

52 p.

Analysis and Use of Information and Communication Tools in Economics of Climate Change

16 p.