Javier Jiménez Pérez

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1 The views expressed in this paper are the authors' and do not necessarily reflect those of the Banco de España, the European Central Bank or the Eurosystem. A previous version of this paper was circulated under the title: " Is fiscal data reportingin Europe reliable ". (Krakow, Poland) for their comments.We also thank Richard Morris and Michal Slavik for(More)
We characterize the balanced growth path of the basic neoclassical growth economy using standard numerical solution methods which solve a linear or log-linear approximation to the economic model, as well as methods which preserve the nonlinearity in the original model. We also apply the same methods adding indivisible labor to the basic model, and to a(More)
Multicast techniques are the only way t o p r o vide simultaneously ows of information from one source to several destinations. The intention of this paper is to study and to evaluate diierent m ulticast techniques using for this, a video coder based on an adaptive video compression algorithm with subband coding, over a best eeort network service like A TM(More)
This paper describes the design and development of a sampled-data simulator (a special purpose analog computer) constructed recently at Space Technology Laboratories, Inc. (STL). The device was developed to simulate missile and spacecraft control system problems containing both continuous and sampled information. The machine has increased the speed of(More)
1 Abstract This paper describes a control system for industrial applications with a custom protocol and communication system. The project has been partially supported by the Spanish initiative for the microelectronics promotion (GAME initiative) and also by a private company. Two ASICs have been developed using synthesis, high-level design and macrocell(More)
In this paper, we present a model-based method for identifying fiscal closure rules in stochastic macroeconomic models. The methodology is based on the stability analysis of the model at hand, with an endogenous derivation of a reaction on the part of the fiscal authority to state variables in the model. The rule achieves the dual aim of imposing solvency(More)
*Correspondence: javierperez@bde.es 4Bank of Spain, Calle Alcalá 48, 28014 Madrid, Spain Full list of author information is available at the end of the article Abstract We uncover the shortand long-run structural determinants of the existing cross-country heterogeneity in public-private pay differentials for a broad set of OECD countries. We explore micro(More)
Do public sector wages exert presures on private sector wages, or has private sector a leadership role in wage setting?. This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for other determinants of wages (prices, productivity, institutions) for the main euro area economies (Germany, France, Italy(More)