Reproducción del certificado extendido por el Consul Español en Hendaya a Carlos Solano.

Fecha: 20-4-1943 (>1970 reproducción) / Unidad de instalación: Carpeta 25 - Expediente 23-3 / Nº de pág.: 1 (mecanografiada)

On the Informational Role of Term Structure in the U.S. Monetary Policy Rule

This paper uses a structural approach based on the indirect inference principle to estimate a standard version of the new Keynesian monetary (NKM) model augmented with term structure using both revised and real-time data. The estimation results show that the term spread and policy inertia are both important determinants of the U.S. estimated monetary policy rule whereas the persistence of shocks plays a small but significant role when revised and real-time data of output and inflation are both considered. More importantly, the relative importance of term spread and persistent shocks in the policy rule and the shock transmission mechanism drastically change when it is taken into account that real-time data are not well behaved.

Unions, Monetary Shocks and the Labour Market Cycle

Published as an article in: Economic Modelling, 2011, vol. 28, issue 3, pages 1140-1149.

Employment comovements at the sectoral level over the business cycle

This paper extends the technique suggested by den Haan (2000) to investigate contemporaneous as well as lead and lag correlations among economic data for a range of forecast horizons. The technique provides a richer picture of the economic dynamics generating the data and allows one to investigate which variables lead or lag others and whether the lead or lag pattern is short term or long term in nature. The technique is applied to monthly sectoral level employment data for the U.S. and shows that among the ten industrial sectors followed by the U.S. Bureau of Labor Statistics, six tend to lead the other four. These six have high correlations indicating that the structural shocks generating the data movements are mostly in common. Among the four lagging industries, some lag by longer intervals than others and some have low correlations with the leading industries indicating that these industries are partially influenced by structural shocks beyond those generating the six leading industries.

Matrimonios religiosos en un Estado laico

Duración (en horas): Menos de 10 horas. Nivel educativo: Grado

Listados de políticos y combatientes vascos destacados durante la Guerra Civil en Euzkadi.

Fecha: 30-9-1971 / Unidad de instalación: Carpeta 48 - Expediente 9-15-1 / Nº de pág.: 2 (mecanografiadas) / Signatura: BIB-23

Another Look to the Price-Dividend Ratio: A Markov-Switching Approach

This paper analyzes the stationarity of this ratio in the context of a Markov-switching model à la Hamilton (1989) where an asymmetric speed of adjustment is introduced. This particular specification robustly supports a nonlinear reversion process and identifies two relevant episodes: the post-war period from the mid-50’s to the mid-70’s and the so called “90’s boom” period. A three-regime Markov-switching model displays the best regime identification and reveals that only the first part of the 90’s boom (1985-1995) and the post-war period are near-nonstationary states. Interestingly, the last part of the 90’s boom (1996-2000), characterized by a growing price-dividend ratio, is entirely attributed to a regime featuring a highly reverting process.

Memorias tituladas "Mi campaña proselitista", sobre las actividades de Juventud Vasca durante la II República.

Fecha: >1970 / Unidad de instalación: Carpeta 48 - Expediente 8-10 / Nº de pág.: 5 (mecanografiadas)

Copia de una carta remitida por la Secretaría de Estado del Vaticano al Vicario General de Barcelona, José María Torrent, en la que se informa al último de la actitud a seguir ante la propuesta del Ministro de Justicia de la República, Manuel de Irujo, de apertura de iglesias al culto.

Fecha: 29-12-1937 original (>1970 copia) / Unidad de instalación: Carpeta 48 - Expediente 8-9 / Nº de pág.: 3 (mecanografiadas)

Artículo "L'Engrenage de la violence" publicado en el diario "Le Monde". Trata de la violencia política en el País Vasco.

Fecha: 29-10-1969 / Unidad de instalación: Carpeta 48 - Expediente 8-8 / Nº de pág.: 4 (mecanografiadas)

Relación de documentación en poder de Don Manuel de Irujo, y de la documentación transferida por el citado al Instituto de Historia Contemporánea "Bidasoa" el 6 de mayo de 1974.

Fecha: 1974 / Unidad de instalación: Carpeta 48 - Expediente 8-6 / Nº de pág.: 3 (mecanografiadas)

Recopilación de artículos sobre la geografía vasca, y nota del "Diario de Navarra" sobre las investigaciones del profesor Angel Viñas sobre la Guerra Civil.

Fecha: 11-8-1972/9-5-1982 / Unidad de instalación: Carpeta 48 - Expediente 7-18 / Nº de pág.: 7 (mecanografiadas)

Catálogo de Publicaciones de la Sociedad de Estudios Vascos /Euzko Ikaskuntza.

Fecha: 1985 / Unidad de instalación: Carpeta 48 - Expediente 7-15 / Nº de pág.: 3 (mecanografiadas)

The New Keynesian Monetary Model: Does it Show the Comovement Between Output and Inflation in the U.S.?

Published as article in: Journal of Economic Dynamics and Control (2008), 32(May), pp. 1466-1488.

How Does the New Keynesian Monetary Model Fit in the U.S. and the Eurozone? an Indirect Inference Approach

This paper estimates a standard version of the New Keynesian monetary (NKM) model under alternative specifications of the monetary policy rule using U.S. and Eurozone data. The estimation procedure implemented is a classical method based on the indirect inference principle. An unrestricted VAR is considered as the auxiliary model. On the one hand, the estimation method proposed overcomes some of the shortcomings of using a structural VAR as the auxiliary model in order to identify the impulse response that defines the minimum distance estimator implemented in the literature. On the other hand, by following a classical approach we can further assess the estimation results found in recent papers that follow a maximum-likelihood Bayesian approach. The estimation results show that some structural parameter estimates are quite sensitive to the specification of monetary policy. Moreover, the estimation results in the U.S. show that the fit of the NKM under an optimal monetary plan is much worse than the fit of the NKM model assuming a forward-looking Taylor rule. In contrast to the U.S. case, in the Eurozone the best fit is obtained assuming a backward-looking Taylor rule, but the improvement is rather small with respect to assuming either a forward-looking Taylor rule or an optimal plan.