Listar THECO - Artículos 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 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 ...