Antonio Mauricio Moreno

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This article complements the structural New-Keynesian macro framework with a no-arbitrage term structure model. Whereas our methodology is general, we focus on an extended macro-model with an unobservable time-varying markup and stochastic risk aversion. Term structure information helps to identify the dynamics of the observed and unobserved variables and(More)
OBJECTIVES To evaluate the reliability, and construct validity of the Spanish version of the TNO-AZL preschool children quality of life (TAPQOL). METHODS A consecutive sample of children (3 months to 5 years old) was recruited from primary care centers and two teaching hospitals in Spain. The TAPQOL and a set of questions related to their child's health(More)
According to WHO estimates, in 2010 there were 8.8 million new cases of tuberculosis (TB) and 1.5 million deaths. TB has been classically associated with poverty, overcrowding and malnutrition. Low income countries and deprived areas, within big cities in developed countries, present the highest TB incidences and TB mortality rates. These are the settings(More)
Honeybees (Apis mellifera) have remarkable visual learning and discrimination abilities that extend beyond learning simple colours, shapes or patterns. They can discriminate landscape scenes, types of flowers, and even human faces. This suggests that in spite of their small brain, honeybees have a highly developed capacity for processing complex visual(More)
Inflation volatility has significantly declined over the last 20 years in the U.S. To find out why, I follow a structural approach. I estimate a complete New Keynesian model that imposes cross-equation restrictions on the time series of inflation, the output gap and the interest rate. I perform the analysis with three measures of inflation: Consumer Price(More)
The authors greatly benefited from discussions with Frank de Jong, Francis Diebold, Andrea Frazzini, Eric Ghysels, Antonio Moreno, Theo Nijman, Paolo Pasquariello, Ralph Koijen, Peter Schotman, Allan Timmermann, Bas Werker, Jeffrey Wurgler, Raf Wouters and seminar participants at the Bank of England, the AFA 2009 Meetings in San Francisco, the EFMA 2008(More)
  • Germán López-Espinosa, Antonio Moreno, Antonio Rubia, Laura Valderrama
  • 2015
We use the CoVaR approach to identify the main factors behind systemic risk in a set of large international banks. We find that short-term wholesale funding is a key determinant in triggering systemic risk episodes. In contrast, we find weaker evidence that either size or leverage contributes to systemic risk within the class of large international banks.(More)
  • Lieven Baele, Geert Bekaert, Seonghoon Cho, Koen Inghelbrecht, Antonio Moreno
  • 2011
A New-Keynesian macro-model is estimated accommodating regime-switching behavior in monetary policy and macro-shocks. A key to our estimation strategy is the use of survey-based expectations for inflation and output. Output and inflation shocks shift to the low volatility regime around 1985 and 1990, respectively. Monetary policy experiences multiple shifts(More)
One of the major differences between markets that follow a " sharing economy " paradigm and traditional two-sided markets is that, in the sharing economy, the supply side includes individual nonprofessional decision makers, in contrast to firms and professional agents. Using a data set of prices and availability of listings on Airbnb, we find that there(More)
  • José Dorich, Jason Allen, +19 authors Alexander Ueberfeldt
  • 2007
This paper presents a structural econometric analysis that suggests that money still plays an independent role in the monetary transmission mechanism in the United States. In particular, it indicates that real money balance effects are quantitatively important but smaller than they used to be in the early postwar period. Therefore, the specification of(More)