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Citations for "SIGMA: A New Open Economy Model for Policy Analysis"

by Erceg, Christopher & Guerriei, Luca & Gust, Christopher

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  1. Philip R. Lane & Gian-Maria Milesi-Ferretti, 2007. "Europe and Global Imbalances," IMF Working Papers 07/144, International Monetary Fund.
  2. Horvath, Michal, 2009. "The effects of government spending shocks on consumption under optimal stabilization," European Economic Review, Elsevier, Elsevier, vol. 53(7), pages 815-829, October.
  3. Rochelle M. Edge & Michael T. Kiley & Jean-Philippe Laforte, 2008. "A Comparison Of Forecast Performance Between Federal Reserve Staff Forecasts, Simple Reduced-Form Models, And A Dsge Model," CAMA Working Papers 2009-03, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  4. Jordi Galí & Mark Gertler, 2007. "Macroeconomic modeling for monetary policy evaluation," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra 1039, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2007.
  5. Lorenzo Forni & Andrea Gerali & Massimiliano Pisani, 2009. "Macroeconomic effects of greater competition in the service sector: the case of Italy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area 706, Bank of Italy, Economic Research and International Relations Area.
  6. Jesús Fernández-Villaverde, 2009. "The Econometrics of DSGE Models," PIER Working Paper Archive 09-008, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  7. Yasuo Hirose, 2014. "An Estimated DSGE Model with a Deflation Steady State," UTokyo Price Project Working Paper Series 025, University of Tokyo, Graduate School of Economics.
  8. Ippei Fujiwara & Yasuo Hirose & Mototsugu Shintani, 2008. "Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach," IMES Discussion Paper Series 08-E-16, Institute for Monetary and Economic Studies, Bank of Japan.
  9. Kumhof, Michael & Laxton, Douglas, 2013. "Fiscal deficits and current account deficits," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 37(10), pages 2062-2082.
  10. Robert Kollmann, 2012. "Limited asset market participation and the consumption-real exchange rate anomaly," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 45(2), pages 566-584, May.
  11. José Emilio Boscá & Rafael Domenech & Javier Ferri, 2009. "Search, Nash Bargaining and Rule of Thumb Consumers," Working Papers, BBVA Bank, Economic Research Department 0912, BBVA Bank, Economic Research Department.
  12. Jesús Fernández-Villaverde & Juan F. Rubio-Ramírez, 2008. "How Structural Are Structural Parameters?," NBER Chapters, in: NBER Macroeconomics Annual 2007, Volume 22, pages 83-137 National Bureau of Economic Research, Inc.
  13. In 'T Veld, Jan & Kollmann, Robert & Pataracchia, Beatrice & Ratto, Marco & Roeger, Werner, 2014. "International Capital Flows and the Boom-Bust Cycle in Spain," CEPR Discussion Papers, C.E.P.R. Discussion Papers 9957, C.E.P.R. Discussion Papers.
  14. Christopher Gust & Sylvain Leduc & Nathan Sheets, 2008. "The adjustment of global external balances: does partial exchange rate pass-through to trade prices matter?," Working Paper Series, Federal Reserve Bank of San Francisco 2008-16, Federal Reserve Bank of San Francisco.
  15. Erceg, Christopher & Lindé, Jesper, 2012. "Fiscal Consolidation in a Currency Union: Spending Cuts vs. Tax Hikes," CEPR Discussion Papers, C.E.P.R. Discussion Papers 9155, C.E.P.R. Discussion Papers.
  16. Christopher J. Erceg & Jesper Lind�, 2011. "Asymmetric Shocks in a Currency Union with Monetary and Fiscal Handcuffs," NBER International Seminar on Macroeconomics, University of Chicago Press, University of Chicago Press, vol. 7(1), pages 95 - 136.
  17. Carlos J. García & Pablo González M. & Antonio Moncado S., 2013. "Macroeconomic Forecasting in Chile: a Structural Bayesian Approach," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, Central Bank of Chile, vol. 16(1), pages 24-63, April.
  18. Sebastian Gechert, 2013. "What fiscal policy is most effective? A Meta Regression Analysis," IMK Working Paper 117-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  19. Christopher Erceg & Luca Guerrieri & Christopher Gust, 2006. "Trade adjustment and the composition of trade," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 859, Board of Governors of the Federal Reserve System (U.S.).
  20. Juan David Prada Sarmiento & Luis Eduardo Rojas Dueñas, 2009. "La elasticidad de Frisch y la transmisión de la política monetaria en Colombia," BORRADORES DE ECONOMIA 005404, BANCO DE LA REPÚBLICA.
  21. Martin Fukac & Adrian Pagan, 2009. "Structural macro-wconometric modelling in a policy environment," Reserve Bank of New Zealand Discussion Paper Series DP2009/16, Reserve Bank of New Zealand.
  22. Carol C. Bertaut & Steven B. Kamin & Charles P. Thomas, 2008. "How long can the unsustainable U.S. current account deficit be sustained?," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 935, Board of Governors of the Federal Reserve System (U.S.).
  23. Edge, Rochelle M. & Kiley, Michael T. & Laforte, Jean-Philippe, 2008. "Natural rate measures in an estimated DSGE model of the U.S. economy," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 32(8), pages 2512-2535, August.
  24. Beyer, Andreas & Gaspar, Vítor & Gerberding, Christina & Issing, Otmar, 2009. "Opting out of the great inflation: German monetary policy after the breakdown of Bretton Woods," Discussion Paper Series 1: Economic Studies 2009,12, Deutsche Bundesbank, Research Centre.
  25. Coenen, Günter & Lombardo, Giovanni & Smets, Frank & Straub, Roland, 2008. "International transmission and monetary policy cooperation," Working Paper Series, European Central Bank 0858, European Central Bank.
  26. Kilponen, Juha & Vilmunen, Jouko & Vähämaa, Oskari, 2013. "Estimating intertemporal elasticity of substitution in a sticky price model," Research Discussion Papers, Bank of Finland 9/2013, Bank of Finland.
  27. Frederic S. Mishkin, 2007. "Will monetary policy become more of a science?," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2007-44, Board of Governors of the Federal Reserve System (U.S.).
  28. Majuca, Ruperto P., 2011. "An Estimated (Closed Economy) Dynamic Stochastic General Equilibrium Model for the Philippines: Are There Credibility Gains from Committing to an Inflation Targeting Rule?," Discussion Papers DP 2011-04, Philippine Institute for Development Studies.
  29. G�nter Coenen & Christopher J. Erceg & Charles Freedman & Davide Furceri & Michael Kumhof & Ren� Lalonde & Douglas Laxton & Jesper Lind� & Annabelle Mourougane & Dirk Muir & Susanna Mursula & Ca, 2012. "Effects of Fiscal Stimulus in Structural Models," American Economic Journal: Macroeconomics, American Economic Association, vol. 4(1), pages 22-68, January.
  30. Carlos Garcia & Pablo Gonzalez & Antonio Moncado, 2010. "Proyecciones Macroeconómicas en Chile: Una Aproximación Bayesiana," ILADES-Georgetown University Working Papers, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines inv262, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
  31. Brzoza-Brzezina, Michał & Jacquinot, Pascal & Kolasa, Marcin, 2010. "Can we prevent boom-bust cycles during euro area accession?," Working Paper Series, European Central Bank 1280, European Central Bank.
  32. Hirose, Yasuo & Kurozumi, Takushi, 2011. "Do investment-specific technological changes matter for business fluctuations? Evidence from Japan," MPRA Paper 32944, University Library of Munich, Germany.
  33. Bartocci, Anna & Pisani, Massimiliano, 2013. "“Green” fuel tax on private transportation services and subsidies to electric energy. A model-based assessment for the main European countries," Energy Economics, Elsevier, Elsevier, vol. 40(S1), pages S32-S57.
  34. Sandra Gomes & P. Jacquinot & M. Pisani, 2010. "The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area," Working Papers, Banco de Portugal, Economics and Research Department w201006, Banco de Portugal, Economics and Research Department.
  35. Verona, Fabio & Martins, Manuel M. F. & Drumond, Inês, 2012. "(Un)anticipated monetary policy in a DSGE model with a shadow banking system," IMFS Working Paper Series 56, Institute for Monetary and Financial Stability (IMFS), Goethe University Frankfurt.
  36. Barbara Annicchiarico & Fabio Di Dio & Francesco Felici & Francesco Nucci, 2013. "Assessing policy reforms for Italy using ITEM and QUESTIII," CEIS Research Paper, Tor Vergata University, CEIS 280, Tor Vergata University, CEIS, revised 17 May 2013.
  37. Robert Kollmann & Marco Ratto & Werner Roeger & Jan in’t Veld & Lukas Vogel, 2014. "What drives the German current account? And how does it affect other EU member states?," European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission 516, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  38. Eggertsson, Gauti & Ferrero, Andrea & Raffo, Andrea, 2014. "Can structural reforms help Europe?," Journal of Monetary Economics, Elsevier, Elsevier, vol. 61(C), pages 2-22.
  39. Giancarlo Corsetti & André Meier & Gernot J. Müller, 2010. "Cross-Border Spillovers from Fiscal Stimulus," International Journal of Central Banking, International Journal of Central Banking, International Journal of Central Banking, vol. 6(1), pages 5-37, March.
  40. Günter Coenen & Roland Straub, 2005. "Does Government Spending Crowd in Private Consumption? Theory and Empirical Evidence for the Euro Area," International Finance, Wiley Blackwell, Wiley Blackwell, vol. 8(3), pages 435-470, December.
  41. Straub, Roland & Jacquinot, Pascal, 2008. "Globalisation and the euro area: simulation based analysis using the New Area Wide Model," Working Paper Series, European Central Bank 0907, European Central Bank.
  42. Camilo E Tovar, 2008. "DSGE models and central banks," BIS Working Papers 258, Bank for International Settlements.
  43. Bayoumi, Tamim & Sgherri, Silvia, 2006. "Mr Ricardo's Great Adventure: Estimating Fiscal Multipliers in a Truly Intertemporal Model," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5839, C.E.P.R. Discussion Papers.
  44. Gruber, Joseph W. & Kamin, Steven B., 2007. "Explaining the global pattern of current account imbalances," Journal of International Money and Finance, Elsevier, Elsevier, vol. 26(4), pages 500-522, June.
  45. Giorgio Motta & Patrizio Tirelli, 2012. "Income inequality and macroeconomic stability in a New Keynesian model with limited asset market participation," Working Papers, University of Milano-Bicocca, Department of Economics 219, University of Milano-Bicocca, Department of Economics, revised Jan 2012.
  46. Andrew T. Levin & Alexei Onatski & John C. Williams & Noah Williams, 2005. "Monetary policy under uncertainty in micro-founded macroeconometric models," Working Paper Series, Federal Reserve Bank of San Francisco 2005-15, Federal Reserve Bank of San Francisco.
  47. Roland Straub & Günter Coenen, 2005. "Non-Ricardian Households and Fiscal Policy in an Estimated DSGE Model of the Euro Area," Computing in Economics and Finance 2005, Society for Computational Economics 102, Society for Computational Economics.
  48. Giorgio Motta & Patrizio Tirelli, 2010. "Money Targeting, Heterogeneous Agents and Dynamic Instability," Working Papers, University of Milano-Bicocca, Department of Economics 193, University of Milano-Bicocca, Department of Economics, revised Jul 2010.
  49. Dimitris Papageorgiou, 2014. "BoGGEM: a dynamic stochastic general equilibrium model for policy simulations," Working Papers, Bank of Greece 182, Bank of Greece.
  50. Sohei Kaihatsu & Takushi Kurozumi, 2014. "Sources of Business Fluctuations: Financial or Technology Shocks?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(2), pages 224-242, April.
  51. Pytlarczyk, Ernest, 2005. "An estimated DSGE model for the German economy within the euro area," Discussion Paper Series 1: Economic Studies 2005,33, Deutsche Bundesbank, Research Centre.
  52. Martin Bodenstein & Christopher J. Erceg & Luca Guerrieri, 2009. "The effects of foreign shocks when interest rates are at zero," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 983, Board of Governors of the Federal Reserve System (U.S.).
  53. Glenn D. Rudebusch & Brian P. Sack & Eric T. Swanson, 2006. "Macroeconomic implications of changes in the term premium," Working Paper Series, Federal Reserve Bank of San Francisco 2006-46, Federal Reserve Bank of San Francisco.
  54. Erceg, Christopher & Gust, Christopher & López-Salido, J David, 2007. "The Transmission of Domestic Shocks in Open Economies," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6574, C.E.P.R. Discussion Papers.
  55. José García-Solanes & Jesús Rodríguez & José L. Torres, 2007. "Demand shocks and trade balance dynamics," Working Papers, Asociación Española de Economía y Finanzas Internacionales 07-04, Asociación Española de Economía y Finanzas Internacionales.
  56. Juillard, Michel & Karam, Philippe & Laxton, Douglas & Pesenti, Paolo, 2006. "Welfare-based monetary policy rules in an estimated DSGE model of the US economy," Working Paper Series, European Central Bank 0613, European Central Bank.
  57. Coenen, Günter & Mohr, Matthias & Straub, Roland, 2008. "Fiscal consolidation in the euro area: long-run benefits and short-run costs," Working Paper Series, European Central Bank 0902, European Central Bank.
  58. Tamim Bayoumi & Douglas Laxton & Paolo Pesenti, 2004. "Benefits and spillovers of greater competition in Europe: a macroeconomic assessment," Staff Reports, Federal Reserve Bank of New York 182, Federal Reserve Bank of New York.
  59. Pablo Burriel & Jesus Fernandez-Villaverde & Juan F. Rubio-Ramirez, 2009. "MEDEA: A DSGE Model for the Spanish Economy," PIER Working Paper Archive 09-017, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  60. Canzoneri, Matthew B & Cumby, Robert & Diba, Behzad & López-Salido, J David, 2008. "Monetary and Fiscal Policy Coordination when Bonds Provide Transactions Services," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6814, C.E.P.R. Discussion Papers.
  61. Tamim Bayoumi & Silvia Sgherri, 2007. "On the Impact of Income and Policy Shocks on Consumption," DNB Working Papers, Netherlands Central Bank, Research Department 152, Netherlands Central Bank, Research Department.
  62. Matthew Canzoneri, 2007. "Coordination of Monetary and Fiscal Policy in a Monetary Union: Policy Issues & Analytical Models," Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group 165, Money Macro and Finance Research Group.
  63. Lee, Jiho, 2012. "Are structural parameters of DSGE models stable in Korea?," Journal of Asian Economics, Elsevier, Elsevier, vol. 23(1), pages 50-59.
  64. Hess Chung & Edward Herbst & Michael Kiley, 2014. "Effective Monetary Policy Strategies in New-Keynesian Models: A Re-Examination," NBER Chapters, in: NBER Macroeconomics Annual 2014, Volume 29 National Bureau of Economic Research, Inc.
  65. Gonzalo Fernández-de-Córdoba & José Torres, 2011. "Forecasting the Spanish economy with an augmented VAR–DSGE model," SERIEs, Spanish Economic Association, Spanish Economic Association, vol. 2(3), pages 379-399, September.
  66. PLASMANS, Joseph & FORNERO, Jorge & MICHALAK, Tomasz, 2006. "A microfounded sectoral model for open economies," Working Papers 2007013, University of Antwerp, Faculty of Applied Economics.
  67. Jesper Linde & Christopher J. Erceg, 2010. "Is There a Fiscal Free Lunch in a Liquidity Trap?," 2010 Meeting Papers, Society for Economic Dynamics 380, Society for Economic Dynamics.
  68. Simon Gilchrist & Masashi Saito, 2006. "Expectations, Asset Prices, and Monetary Policy: The Role of Learning," NBER Working Papers 12442, National Bureau of Economic Research, Inc.
  69. Eddy Bekkers & Joseph F. Francois, 2012. "Bilateral Exchange Rates and Jobs," wiiw Working Papers, The Vienna Institute for International Economic Studies, wiiw 83, The Vienna Institute for International Economic Studies, wiiw.
  70. Neil Ericsson & Erica Reisman, 2012. "Evaluating a Global Vector Autoregression for Forecasting," International Advances in Economic Research, Springer, Springer, vol. 18(3), pages 247-258, August.
  71. Christopher Erceg & Luca Guerrieri, 2005. "Expansionary Fiscal Shocks and the Trade Deficit," Computing in Economics and Finance 2005, Society for Computational Economics 128, Society for Computational Economics.
  72. Eric M. Leeper & Nora Traum & Todd B. Walker, 2011. "Clearing Up the Fiscal Multiplier Morass," NBER Working Papers 17444, National Bureau of Economic Research, Inc.
  73. Rene Lalonde & Dirk Muir, 2007. "The Bank of Canada's Version of the Global Economy Model (BoC-GEM)," Technical Reports, Bank of Canada 98, Bank of Canada.
  74. Frederic S. Mishkin, 2011. "Monetary Policy Strategy: Lessons From The Crisis," Chapters, European Central Bank, European Central Bank.
  75. Kamal, Mona, 2011. "Bayesian Estimation of Dynamic Stochastic General Equilibrium Model Using UK Data," MPRA Paper 28988, University Library of Munich, Germany.
  76. Forni, Lorenzo & Gerali, Andrea & Pisani, Massimiliano, 2010. "The macroeconomics of fiscal consolidations in euro area countries," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 34(9), pages 1791-1812, September.
  77. Adebayo Adebiyi & Charles N. O. Mordi, 2012. "A Dynamic Stochastic General Equilibrium (Dsge) Model Of Oil Price Shocks And Exchange Rate Pass-Through To Domestic Inflation In Nigeria," EcoMod2012 3715, EcoMod.
  78. Coenen, Günter & McAdam, Peter & Straub, Roland, 2008. "Tax reform and labour-market performance in the euro area: A simulation-based analysis using the New Area-Wide Model," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 32(8), pages 2543-2583, August.
  79. Frederic S. Mishkin, 2008. "Exchange Rate Pass-Through And Monetary Policy," NBER Working Papers 13889, National Bureau of Economic Research, Inc.
  80. Tovonony Razafindrabe, 2014. "A multi-country DSGE model with incomplete Exchange Rate Passthrough:application for the Euro area," Working Papers, Department of Research, Ipag Business School 2014-083, Department of Research, Ipag Business School.
  81. Hirokazu Ishise, 2011. "The World Has More Than Two Countries: Implications of Multi- Country International Real Business Cycle Models," IMES Discussion Paper Series 11-E-11, Institute for Monetary and Economic Studies, Bank of Japan.
  82. Matthew Canzoneri & Robert Cumby & Behzad Diba & Olena Mykhaylova, 2006. "New Keynesian Explanations of Cyclical Movements in Aggregate Inflation and Regional Inflation Differentials," Open Economies Review, Springer, Springer, vol. 17(1), pages 27-55, January.
  83. Straub, Roland & Thimann, Christian, 2010. "The external and domestic side of macroeconomic adjustment in China," Journal of Asian Economics, Elsevier, Elsevier, vol. 21(5), pages 425-444, October.
  84. Alexander Chudik & Vanessa Smith, 2013. "The GVAR approach and the dominance of the U.S. economy," Globalization and Monetary Policy Institute Working Paper, Federal Reserve Bank of Dallas 136, Federal Reserve Bank of Dallas.
  85. Kanda Naknoi & Michael Kumhof & Douglas Laxton, 2005. "On the Benefits of Exchange Rate Flexibility under Endogenous Tradedness of Goods," Computing in Economics and Finance 2005, Society for Computational Economics 405, Society for Computational Economics.
  86. Pau Rabanal & Juan F. Rubio-Ramirez, 2012. "Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?," IMF Working Papers 12/13, International Monetary Fund.
  87. J.E. Boscá & A. Díaz & R. Doménech & J. Ferri & E. Pérez & L. Puch, 2007. "A Rational Expectations Model for Simulation and Policy Evaluation of the Spanish Economy," Working Papers, International Economics Institute, University of Valencia 0706, International Economics Institute, University of Valencia.
  88. Adolfson, Malin & Lindé, Jesper, 2011. "Parameter Identification in a Estimated New Keynesian Open Economy Model," Working Paper Series 251, Sveriges Riksbank (Central Bank of Sweden).
  89. Silvia Sgherri & Tamim Bayoumi, 2006. "Mr. Ricardo's Great Adventure," IMF Working Papers 06/168, International Monetary Fund.
  90. Martin Bodenstein, 2009. "Trade Elasticity of Substitution and Equilibrium Dynamics," 2009 Meeting Papers, Society for Economic Dynamics 766, Society for Economic Dynamics.
  91. Juan Pablo Medina & Pablo García, 2009. "A Simple Global Perspective on the US Slowdown, Boom-Bust Cycles and the Rise of Protectionism," Working Papers Central Bank of Chile, Central Bank of Chile 529, Central Bank of Chile.
  92. Ricardo Reis, 2008. "A Sticky-Information General Equilibrium Model for Policy Analysis," Working Papers Central Bank of Chile, Central Bank of Chile 495, Central Bank of Chile.
  93. Nikolaychuk Sergiy & Shapovalenko Nadiia, 2013. "The identification of the sources of current account fluctuations in Ukraine," EERC Working Paper Series 13/12e, EERC Research Network, Russia and CIS.
  94. Martin Seneca, 2010. "A DSGE model for Iceland," Economics, Department of Economics, Central bank of Iceland wp50, Department of Economics, Central bank of Iceland.
  95. Beyer, Andreas & Gaspar, Vítor & Gerberding, Christina & Issing, Otmar, 2008. "Opting out of the great inflation: German monetary policy after the break down of Bretton Woods," CFS Working Paper Series 2009/01, Center for Financial Studies (CFS).
  96. repec:nbr:nberwo:14732 is not listed on IDEAS
  97. Andrew T. Levin, 2008. "Commentary on "Optimal monetary policy under uncertainty: a Markov jump-linear-quadratic approach"," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 301-306.
  98. Fagan, Gabriel & Messina, Julián, 2009. "Downward wage rigidity and optimal steady-state inflation," Working Paper Series, European Central Bank 1048, European Central Bank.
  99. Leonor Coutinho, 2008. "Fiscal Policy and Macroeconomic Stabilizations: What are the Gains from Cooperation?," Open Economies Review, Springer, Springer, vol. 19(1), pages 81-120, February.
  100. Javier Andrés & Pablo Burriel & Ángel Estrada, 2006. "BEMOD: a DSGE model for the Spanish economy and the rest of the Euro area," Banco de Espa�a Working Papers 0631, Banco de Espa�a.