Especialización y revistas académicas españolas de Comunicación

Introducción. La especialización de las revistas se desprende de la clasificación que reciben en bases de datos y de los términos utilizados en su información pública (denominación, temática declarada y público destinatario). La especialización se manifiesta en la imagen proyectada por la revista y es decisiva para su elección y consideración; también indica el grado de consolidación del campo científico. Se adopta el enfoque de la Comunicación Estratégica. Metodología. Se realiza un análisis de contenido de las variables mencionadas en las webs y de las categorías de clasificación en IN-RECS, Dialnet, Carhus Plus+, RESH, DICE, MIAR e ISOC. La muestra está compuesta por 63 revistas académicas españolas de Comunicación. Resultados y conclusiones. La mayoría de revistas (80%) utiliza descriptores generalistas coincidentes con el campo científico o área de conocimiento. El 57% de revistas menciona subdisciplinas concretas manifestando un grado de especialización mayor. Se verifica que las denominaciones utilizadas por las bases de datos para nombrar el campo científico y el área de conocimiento presentan cierto desorden y no observan criterios comunes.

Affirmative action and school choice

This paper studies a way of introducing affirmative action in the school choice problem to implement integration policies. The paper proposes the use of a natural two-step mechanism. The (equitable) first step is introduced as an adaptation of the deferred-acceptance algorithm designed by Gale and Shapley, when students are divided into two groups. The (efficient) second step captures the idea of exchanging places inherent to Gale's top trading cycle.

Granger causality and systemic risk

Building on the concept of Granger causality in risk in Hong et al. (2009), and focusing on an international sample of large-capitalization banks, we test for predictability in comovements in the left tails of returns of individual banks and the global system. The main results show that large individual shocks (defined as balance-sheet contractions exceeding the 1% VaR level) are a strong predictor of subsequent shocks in the global system. This evidence is particularly strong for US banks with large desks of proprietary trading. Similarly, we document strong evidence of financial vulnerabilities (exposures) to systemic shocks in US subprime creditors.

Life-cycle portfolio choice with liquid and illiquid financial assets

Traditionally, quantitative models that have studied households׳ portfolio choices have focused exclusively on the different risk properties of alternative financial assets. We introduce differences in liquidity across assets in the standard life-cycle model of portfolio choice. More precisely, in our model, stocks are subject to transaction costs, as considered in recent macroliterature. We show that when these costs are calibrated to match the observed infrequency of households׳ trading, the model is able to generate patterns of portfolio stock allocation over age and wealth that are constant or moderately increasing, thus more in line with the existing empirical evidence.

Export and import market-specific characteristics. How they drive the decision to trade and how much

Using a rich firm-level dataset on the Italian manufacturing industry, this paper provides a comprehensive analysis of the role that firms and market characteristics play in shaping firms’ trade activities. We enhance the previous analyses by considering firms’ engagement in international transactions, by focusing on either exports or imports. We show that the determinants of a firm’s export participation and value across countries also drive import behavior. Our research is consistent with the presence of country-specific sunk costs and with a qualitatively similar role of gravity forces and other country attributes on both sides of trading activities. Our evidence, however, militates in favor of a framework where variations in market characteristics have a larger impact on imports than exports.