Listar por autor "Arespa-Castelló, Marta"
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Endogenous Home Bias in Portfolio Diversification and Firms Entry.
Arespa-Castelló, Marta
(John Wiley & Sons Ltd, 2014-02-06)
The home bias in portfolios is considered a main puzzle in international macroeconomics. This paper pro- vides a new benchmark for its analysis in a tractable new open economy macroeconomic model, where the home-biased ... -
Macroeconomic volatility and international integration.
Arespa-Castelló, Marta (John Wiley & Sons Ltd, 2014-04-21)
This paper explores the effects that varying degrees of international openness have on macroeco- nomic volatility. The analysis is conducted for a two-symmetric-country world under three levels of international integration: ... -
Product Quality and Price Dynamics over the Business Cycle.
Arespa-Castelló, Marta; Gruber, Diego (2021-06-16)
Two puzzling facts of international real business cycles are (1) weak or negative correlations between the terms of trade and output, and (2) a rise in relative consumption for countries where national goods become relatively ... -
Tax autonomy mitigates soft budget constraint: evidence from Spanish Regions
Arespa-Castelló, Marta; González-Alegre, Juan (Cambridge, 2022-10-19)
Within the framework of the soft budget constraint problem, this article investigates the impact of a legislative reform that increased regional tax autonomy on the propensity of Spanish regional governments to incur a ... -
The determinants of inflation volatility: a panel data analysis for US-product categories.
Arespa-Castelló, Marta; González-Alegre, Juan (Taylor & Francis Group, 2022-02-20)
Some macroeconomic dimensions like the economic business cycle, the exchange rate move- ments when the degree of country openness is significant, or the level of inflation are often considered to explain measured-inflation ... -
The Exchange Rate Regime, a determinant of the degree of Risk Sharing between Profits and Wages
Arespa-Castelló, Marta (Elsevier, 2024)
The interaction between economic growth, profits, and wages at the macroeconomic level provides insights into firms' ability to manage risk and the degree of competition in the goods market. In both instances, policymakers ... -
The intensive and the extensive margins: not only an international issue.
Arespa-Castelló, Marta (Springer, 2013-03-27)
Empirical evidence shows that quantity (intensive margin) and variety availability (extensive margin) have effects of different magnitude on populations’ welfare. Indeed, the pattern of a market dynamics may cause changes ...