The Effects of government spending on the distribution of consumption

We study the effects of government spending on the distribution of consumption. We find a substantial degree of heterogeneity: consumption increases at the bottom and falls at the top of the distribution, implying a significant temporary reduction of consumption inequality. The effects of the shock display correlations of around -0.7/-0.9 with the percentage of stockholders within the decile. We interpret the results as in line and yielding support to models of limited participation where, while the Ricardian equivalence holds for rich households, for poor household, with no access to capital markets, the Keynesian multiplier is at work.

Fiscal foresight, forecast revisions and the effects of government spending in the open economy

This paper investigates the effects of government spending on the real exchange rate and the trade balance in the US using a new VAR identification procedure based on spending forecast revisions. I find that the real exchange rate appreciates and the trade balance deteriorates after a government spending shock, although the effects are quantitatively small. The findings broadly match the theoretical predictions of the standard Mundell-Fleming model and differ substantially from those existing in literature. Differences are attributable to the fact that, because of fiscal foresight, the government spending is non-fundamental for the variables typically used in open economy VARs. Here, on the contrary, the estimated shock is fundamental.

Lactic acid bacteria from fresh fruit and vegetables as biocontrol agents of phytopathogenic bacteria and fungi

This study evaluated the efficacy of lactic acid bacteria (LAB) isolated from fresh fruits and vegetables as biocontrol agents against the phytopathogenic and spoilage bacteria and fungi, Xanthomonas campestris, Erwinia carotovora, Penicillium expansum, Monilinia laxa, and Botrytis cinerea. The antagonistic activity of 496 LAB strains was tested in vitro and all tested microorganisms except P. expansum were inhibited by at least one isolate. The 496 isolates were also analyzed for the inhibition of P. expansum infection in wounds of Golden Delicious apples. Four strains (TC97, AC318, TM319, and FF441) reduced the fungal rot diameter of the apples by 20%; only Weissella cibaria strain TM128 decreased infection levels by 50%. Cell-free supernatants of selected antagonistic bacteria were studied to determine the nature of the antimicrobial compounds produced. Organic acids were the preferred mediators of inhibition but hydrogen peroxide was also detected when strains BC48, TM128, PM141 and FF441 were tested against E. carotovora. While previous reports of antifungal activity by LAB are scarce, our results support the potential of LAB as biocontrol agents against postharvest rot. [Int Microbiol 2008; 11(4):231-236]

El Sistema educatiu als territoris autònoms palestins: estudi interpretatiu

El propòsit d'aquesta investigació és conèixer, descriure i interpretar el sistema educatiu palestí per saber si una situació de conflicte afecta -i en quina mesura- el funcionament, estructura, resultats i comprensió del concepte educatiu en una regió. Per assolir-ho, s'ha cercat informació bibliogràfica en diferents fonts, a més de la observació in situ de la realitat educativa palestina, fent entrevistes a diferents agents de la regió. Cal esmentar que el treball teòric és general però la descripció pràctica és contextualitzada a Nablus, una ciutat de Cisjordània. Els resultats obtinguts en aquesta investigació educativa de la branca de l'Educació Comparada han estat diversos, concretar-se en diferents conclusions: les conseqüències d'una guerra silenciosa que fa més de 60 anys que es perllonga en el temps implica dificultats econòmiques i administratives que afecten directament al sistema educatiu de la regió; objectius del govern palestí encarats a desenvolupar la població amb una aplicació pràctica real que els acompleix; importància de l'imaginari social de la nació per comprendre la importància del concepte d'Educació i les accions i atacs que rep aquest concepte per part de l'Estat d'Israel i on la comunitat internacional no es posiciona; la necessitat de crear un Estat Independent Palestí

Biodiversitat de coleòpters i el seu paper com a plagues i com a agents de control biològic en un conreu de cítrics ecològics

El present treball estudiarà la comunitat d’espècies Coleoptera d’un camp de cítrics situat a la Selva de Camp, Tarragona, durant el període de temps dels anys 2002 fins al 2011. Els Coleoptera és l’ordre animal conegut comunament com els “escarabats” i és el més abundant i variat de tot el regne animal. Els estudis realitzats són pocs i, normalment, de les espècies més abundants (sobretot la família Coccinellidae). Totes les espècies d’aquest ordre presenten unes característiques típiques (García et al., 1989). (1) Presenten una cutícula dura, rígida i quitinitzada, amb el primer parell d’ales endurides (èlitres). Gran protecció als traumes físics. (2) Tenen una gran capacitat per retenir la humitat degut a que els estigmes s’obren els èlitres i eviten la pèrdua d’aigua per transpiració. (3) Presenten mandíbules mastegadores, adaptables i utilitzables per a una gran varietat de funcions (Chinery, 1988). (4) Algunes espècies poden acumular substàncies tòxiques a l’organisme. Presenten un règim alimentari fitòfag o micòfag, per norma general, tot i que també es poden trobar espècies sapròfagues o depredadores. És per aquest motiu que les espècies de Coleoptera podrien presentar un paper important com a potencial plagues o com a possible control biològic (Zahradnik, 1990). Durant moltes dècades, els plaguicides han constituït una lluita química contra les plagues dels cultius agrícoles, obtenint molt bons resultats en quant a manteniment i qualitat de les collites. No obstant, la seva utilització deliberada ha constituït en molts casos una important font de contaminació del territori. La seva gran mobilitat i persistència ha originat efectes de bioacumulació i biomagnificació a les xarxes tròfiques dels essers vius presents en aquestes zones. Actualment, per evitar tots aquests problemes ocasionats pels productes sintètics, el control biològic de plagues constitueix un dels principals pilars de la protecció moderna de cultius (Jacas et al., 2005). Se sap que les formigues tenen un doble rol molt important a les comunitats vegetals (poden ser mutualistes o depredadors generalistes), fent que la presència o absència d’aquestes pugui tenir efectes potencials sobre l’abundància d’altres artròpodes (James et al., 1999). És per aquest motiu que al present treball es realitzen experiments amb dos tipus d’arbres, els que presenten formigues i els que les formigues s’han exclòs experimentalment. Així doncs, els objectius del present treball són: - Descriure quantitativament la Comunitat de Coleoptera no Coccinellidae. - Descriure els canvis que s’han produït en la comunitat de Coleoptera al llarg de 10 anys. - Valorar la importància de les diferents espècies i/o famílies com a components de la biodiversitat d’un conreu ecològic. - Descriure els efectes sobre la comunitat de Coleoptera no Coccinellidae de la presència o absència de formgiues. - Valorar la importància de les diferents espècies i/o famílies com a possibles plagues o com a agents de control biològic.

Agents de salut a l’àmbit penitenciari

Actualment el grup d’Addiccions veu la necessitat de seguir abordant el consum de drogues als nostres centres des de l’educació per a la salut i la reducció de danys, però també des de la capacitació personal. Per tal que tot això sigui una realitat, partim de l’Enquesta Estatal sobre Drogues entre els Internats a Presó (ESDIP, 2006). Aquesta evidencia que, per una banda, actualment es duen a terme als centres penitenciaris pràctiques de risc d’infecció per VIH, tant pel que fa a conductes d’injecció, sexuals o de realització de tatuatges, però, per altra banda, també posa de manifest el pobre coneixement de les vies de transmissió de l’VIH/SIDA i de l’hepatitis C, molt sovint ple de mites i/o creences errònies. L’ESDIP destaca el consum o l’abús de les drogues com un factor previ i paral·lel a la presó. La relació entre presó i drogues es produeix en dos dimensions que sovint es confonen, ja que no solament hi ha un problema d’ordre penal sinó també d’ordre social. Per una part, els delictes comesos per un alt percentatge de la població penitenciària estan relacionats amb la venda i/o consum de substàncies il·legals; i, per una altra banda, un nombre elevat d’interns té problemes personals, socials i de salut associats al consum de drogues, des de la pròpia dependència a greus malalties. Els programes de reducció de danys que s’han dut a terme tradicionalment s’han d’adaptar als nous perfils de consumidor; a les noves drogues i a les diferents vies d’administració. S’ha de tenir present que la major part dels problemes associats a l’activitat delictiva són d’índole psicosocial i no es restringeixen als consums problemàtics. Entre els interns podem trobar persones fàcilment influenciables, que presenten baixa tolerància a la frustració, poca capacitat per generar alternatives en situacions de conflicte, dificultats per gestionar el temps d’oci, baixa o nul·la escolarització, mancances a nivell psicoafectiu,

Government and the distribution of skills

Individuals' life chances in the future will very much depend on how we invest in our children now. An optimal human capital model would combine a high mean with minimal variance of skills. It is well-established that early childhood learning is key to adult success. The impact of social origins on child outcomes remains strong, and the new role of women poses additional challenges to our conventional nurturing approach to child development. This paper focuses on skill development in the early years, examining how we might best combine family inputs and public policy to invest optimally in our future human capital. I emphasize three issues: one, the uneven capacity of parents to invest in children; two, the impact of mothers' employment on child outcomes; and three, the potential benefits of early pre-school programmes. I conclude that mothers' intra-family bargaining power is decisive for family investments and that universal child care is key if our goal is to arrive at a strong mean with minimal variance.

Sovereign Risk, Anonymous Markets, and the Effects of Globalization

The goal of this paper is to study the e¤ects of globalization on the workings of financial markets. We adopt a "technological" view of globalization, which consists of an exogenous reduction in the cost of shipping goods across di¤erent regions of the world. We model financial markets where agents anonymously trade securities issued by every other agent in the world. In the absence of frictions, we show how globalization creates trade opportunities among residents of different regions of the world, thereby raising welfare. In the presence of sovereign risk, however, there emerge two crucial interactions between trade among residents within a region and trade among residents of di¤erent regions. First, the more residents within a region trade with each other, the more they can trade with residents of other regions. Second, the possibility of trade with residents of other regions sometimes leads a government to not enforce payments by its residents, destroying trade opportunities among residents within the region. The net effect on welfare of this process of creation and destruction of trade opportunities is ambiguous. We argue that there are no policies governments can take to avoid the negative effects of globalization on trade among domestic residents. In a dynamic extension, we analyze how our results are a¤ected by reputational considerations.

Policy Making in Divided Government. A Pivotal Actors Model with Party Discipline.

This article presents a formal model of policy decision-making in an institutional framework of separation of powers in which the main actors are pivotal political parties with voting discipline. The basic model previously developed from pivotal politics theory for the analysis of the United States lawmaking is here modified to account for policy outcomes and institutional performances in other presidential regimes, especially in Latin America. Legislators' party indiscipline at voting and multi-partism appear as favorable conditions to reduce the size of the equilibrium set containing collectively inefficient outcomes, while a two-party system with strong party discipline is most prone to produce 'gridlock', that is, stability of socially inefficient policies. The article provides a framework for analysis which can induce significant revisions of empirical data, especially regarding the effects of situations of (newly defined) unified and divided government, different decision rules, the number of parties and their discipline. These implications should be testable and may inspire future analytical and empirical work.

Government Spending and Re-election

Does additional government spending improve the electoral chances of incumbent political parties? This paper provides the first quasi-experimental evidence on this question. Our research design exploits discontinuities in federal funding to local governments in Brazil around several population cutoffs over the period 1982-1985. We find that extra fiscal transfers resulted in a 20% increase in local government spending per capita, and an increase of about 10 percentage points in the re-election probability of local incumbent parties. We also find positive effects of the government spending on education outcomes and earnings, which we interpret as indirect evidence of public service improvements. Together, our results provide evidence that electoral rewards encourage incumbents to spend part of additional revenues on public services valued by voters, a finding in line with agency models of electoral accountability.

Fiat Money, Intrinsic Properties, and Government Transaction Policy

Why do people coordinate on the use of valueless pieces of paper as generally accepted money? A possible answer is that these objects have intrinsic properties that make them better candidates to be used as media of exchange. Another answer stresses the fact that unconvertible fiat money will not easily appear unless there is a centralized institution that favors its use. The main objective of the paper is to analyze these questions. In order to do this, we take a model of commodity money in which fiat money does not play any significant role and modify it to examine under which circumstances fiat money might come to circulate as medium of exchange. Some of the results obtained from the model differ in a rather substantial way from previous related literature.

Pitfalls to Avoid when Measuring Institutions: Is 'Doing Business' Damaging Business?

Over recent years, both governments and international aid organizations have been devoting large amounts of resources to "simplifying" the procedures for setting up and formalizing firms. Many of these actions have focused on reducing the initial costs of setting up the firm, disregarding the more important role of business registers as a source of reliable information for judges, government departments and, above all, other firms. This reliable information is essential for reducing transaction costs in future dealings with all sorts of economic agents, both public and private. The priorities of reform policies should therefore be thoroughly reviewed, stressing the value of the legal institutions rather than trivializing them as is often the case.

Efficacy of PI3K pathway inhibitors as single agents in metastatic breast cancer

L’objectiu del cribatge molecular és seleccionar pacients que es beneficiïn especialment de teràpies dirigides. S’analitza l’activitat en monoteràpia de fàrmacs inhibidors de la via de PI3K/AKT/mTOR (PI3Ki) en pacients amb càncer de mama metastàtic (CMM) i s’exploren potencials predictors de benefici clínic. La mitjana de temps a la progressió és de 2.6 mesos en 38 pacients incloses. No existeix correlació entre alteracions de la via i l’eficàcia, excepte en pacients amb mutació de PIK3CA que van millor al tractar-se amb un PI3Ki alfa-especific. Aquests resultats emfatitzen la necessitat d’un adequat cribatge molecular previ al tractament amb teràpies dirigides en CMM

Equilibrium asset prices and savings of heterogeneous agents in the presence of incomplete markets and portfolio constraints

We study the quantitative properties of a dynamic general equilibrium model in which agents face both idiosyncratic and aggregate income risk, state-dependent borrowing constraints that bind in some but not all periods and markets are incomplete. Optimal individual consumption-savings plans and equilibrium asset prices are computed under various assumptions about income uncertainty. Then we investigate whether our general equilibrium model with incomplete markets replicates two empirical observations: the high correlation between individual consumption and individual income, and the equity premium puzzle. We find that, when the driving processes are calibrated according to the data from wage income in different sectors of the US economy, the results move in the direction of explaining these observations, but the model falls short of explaining the observed correlations quantitatively. If the incomes of agents are assumed independent of each other, the observations can be explained quantitatively.

Are rules-based government programs shielded from special-interest politics? Evidence from revenue-sharing transfers in Brazil

Manipulation of government finances for the benefit of narrowly defined groups is usuallythought to be limited to the part of the budget over which politicians exercise discretion inthe short run, such as earmarks. Analyzing a revenue-sharing program between the centraland local governments in Brazil that uses an allocation formula based on local population estimates,I document two main results: first, that the population estimates entering the formulawere manipulated and second, that this manipulation was political in nature. Consistent withswing-voter targeting by the right-wing central government, I find that municipalities withroughly equal right-wing and non-right-wing vote shares benefited relative to opposition orconservative core support municipalities. These findings suggest that the exclusive focus ondiscretionary transfers in the extant empirical literature on special-interest politics may understatethe true scope of tactical redistribution that is going on under programmatic disguise.