Curriculum Vitae. María Dolores Gadea. August, 2017

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1 Curriculum Vitae María Dolores Gadea August, 2017

2 Address Department of Applied Economics University of Zaragoza Gran Vía, ZARAGOZA Tel: or Fax: lgadea@unizar.es 2

3 Education BSc degree in Economics, University of Zaragoza, 1988 Ph.D. in Economics, University of Zaragoza, 1993 BSc degree. in Statistics, University of Zaragoza, 2006 BSc degree in Mathematics, University of Zaragoza, 2008 Academic Position Professor of Applied Economics in University of Zaragoza, Department of Applied Economics 3

4 Editorial and other Academic Activities Member of European Economic Association Member of Econometric Society Member of Spanish Economic Association Member of Editorial Board of Revista de Economica Aplicada Editor of Working Papers University of Zaragoza Co-editor of Economic Modelling, Special Issue AEM-2013 Referee: Revista de Economía Aplicada Información Comercial Española Hacienda Pública Journal of International Financial Markets, Institutions and Money Cuadernos Aragoneses de Economía Explorations in Economic History Revista de Historia Económica Journal of Macroeconomics Journal of Banking and Finance Journal of Applied Econometrics Review for Quantitative Finance 4

5 European Review of Economic History Financial History Review. Documentos de Trabajo Banco de España SERIES Statistics and Probability Letters PLUS ONE Review of Political Economy Estudios de Economía Aplicada South Asian Journal of Business Studies Portuguese Economic Journal Economies Journal of Global Economics, Management and Business Research Contempory economics Research interest Applied econometrics. Time series Spanish Economy; business cycles International economy; exchange rate; inflation Public Economy; public expending; monetary and fiscal policy 5

6 Teaching Spanish Economy International Economy Business cycles Public Economy Exchange rates Stays at Foreign centers Visiting Scholar at Warwick Business School, University of Warwick, 2005 Research Fellow at Real Colegio Complutense, Harvard University, Visiting Scholar at Boston University, Research Fellow at Real Colegio Complutense, Harvard University, Fellow research at Banco de España, Madrid, Visiting Scholar at Universidad Carlos III, Madrid,

7 Recent Papers published or forthcoming in refereed journals (reverse chronological order) "Dissecting US recoveries", with Ana Gómez-Loscos and Gabriel Pérez-Quirós, 2017; Economics Letters 154, "Testing the convergence hypothesis for OECD countries: a reappraisal", with Isabel Sanz, 2017, Economics Ejournal No March 14, "Structural Breaks, Inflation and Interest Rates. Evidence from the G7 Countries, with Jesús Clemente, Marcelo Reyes and Antonio Montañés, 2017, Econometrics, 5(11). GDP growth and oil prices: A long story?, with Ana Gómez-Loscos and Antonio Montañés, 2017, Econometrics, 4(41). "Gone with the euro. The peripheral peseta and its purchasing power parity ( ), with José María Serrano and Marcela Sabaté, 2016, Revista de Historia Económica/ Journal of the Iberian and Latin American Economic History (forthcoming). "Just one business cycle in Europe", with Eduardo Bandrés and Ana Gómez- Loscos, 2016, SEFO, vol. 15 (6). 7

8 "Lost in intervention. The Harrod-Balassa-Samuelson effect on the peseta/dollar real exchange rate ( )", with Marcela Sabaté and José María Serrano Sanz, 2015, Applied Economics Letters 23(14), Bounds, breaks and unit root tests, with Josep Lluis Carrion, 2015, Journal of Time Series Analysis 37(2), Model selection, uncertainty and the PPP puzzle, with Laura Mayoral, 2015, Oxford Economics Papers 67(3), "The failure to predict the Great Recession. A view through the role of credit", with Gabriel Pérez-Quirós, 2015, Journal of the European Economic Association 13-3, "Fighting fiscal dominance. The case of Spain, ", with Marcela Sabaté and Regina Escario, 2015, European Review of Economic History 19(1), "Oil price shocks and the US economy: What makes the latest oil price episode different?" with Ana Gómez-Loscos, International Economic Letters 3(2), Cyclical properties of Spanish Defence Expenditures, with Noelia Cámara and Claudia Pérez-Fornies, 2014, Defence and Peace Economics 25(1), "GLS based unit root tests for bounded processes", with Josep Lluís Carrion-i- Silvestre, 2013, Economic Letters 120 (2), Crisis Económica and ciclos regionales en España, with Eduardo Bandrés, 2013, Papeles de Economía Española 138, Trade Openness and Public Expenditure. The Spanish Case, , with Estela Sáenz and Marcela Sabaté, 2013, Public Choice 154, Long-run fiscal dominance in Argentina: , with Isabel Sanz and Marcela Sabaté, 2012, Financial History Review 19, "Comparing globalizations", with Noelia Cámara and Marcela Sabaté, 2012, The Empirical Economic Letters 11,

9 Nato Defence Expenditure: A Statistical Compendiun ( ), with Claudia Pérez-Fornies and Eva Pardos, 2012, Cuadernos Aragoneses de Economía, 22, Cycles inside cycles. Spanish Regional Aggregation", with Ana Gómez-Loscos and Antonio Montañés, 2012, SERIES 3(4), The single monetary policy and domestic macro-fundamentals: Evidence from Spain, with Michael Arghyrou, 2012, Journal of Policy Modelling 34, Multicointegration, Seigniorage and Fiscal Sustainability. Spain ", with Regina Escario and Marcela Sabaté, 2012, Journal of Policy Modelling 34, Aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, 2011, Journal of Monetary Economics 58, Condiciona la apertura exterior el tamaño del sector público? Un panorama, with Estela Sáenz and Marcela Sabaté, 2011, Hacienda Pública 198, "Economic growth, inflation and oil shocks: are the 1970s coming back?, with Ana Gómez-Loscos and Antonio Montañés, 2011, Applied Economics 44, "The impact of oil shocks on the Spanish Economy", with Ana Gómez-Loscos and Antonio Montañés, 2011, Energy Economics 33, Change in the persistence of the real exchange rates, with Sergio Gabás and Antonio Montañés, Applied Economic Letters, 2011, 18, Monetary shadow of deficit. Spain , with Regina Escario and Marcela Sabaté, Investigaciones de Historia Económica 17, , Exchange rate regimes and prices. The cases of Italy, Spain and United Kingdom ( ), with Monia Ben-Kaabia and Marcela Sabaté, Journal of International Financial Markets, Institutions and Money 19, 2009, European Monetary Integration and Persistence of Real Exchange Rates with Ana Belen Gracia, Financial Research Letters 4, ,

10 Aggregation is not the solution: the PPP puzzle strikes back, with Laura Mayoral, Journal of Applied Econometrics 24, , La medición del riesgo externo. Un estudio aplicado para el caso español, , with Estela Sáenz and Marcela Sabaté, Estudios de Economía Aplicada 27, , Measuring the external risk in the United Kingdom, with Estela Sáenz and Marcela Sabaté, Economic Bulletin 29, , Una mirada ingenua sobre las series del sector exterior, , with José María Serrano and Marcela Sabaté, Revista de Historia Económica. Journal of Iberian and Latin American Economic History (2.ª epoca) 1, , The Persistence of Inflation in OECD Countries: A Fractionally Integrated Approach, with Laura Mayoral, International Journal of Central Banking 2(1), , The effects of macroeconomic stability on foreign trade. An analysis for Spain, , with Ana Belén Gracia and José María Serrano, Applied Economics, 38, , Does Fiscal Policy Influence Monetary Policy? The Case of Spain , with Marcela Sabaté and Regina Escario, Explorations in Economics History 43, , The Welfare State and Economic Growth in Europe with Eduardo Bandrés and Alain Cuenca, Public Finance/Finances Publiques 54 (3-4), 1-38, 1999/2006. The Spanish peseta versus the pound sterling, the French franc and the US dollar ( ). A long floating experience, with Marcela Sabaté and José María Serrano, Applied Financial Economics Letters 1, 95-99, What causes the Spanish Hidden Economy?, with José María Serrano, Applied Financial Economics Letters 1, ,

11 The European currencies and the dollar: from the post-bretton-woods era to the euro with Antonio Montañés and Marcelo Reyes, Journal of International Money and Finance 23, , The European Periphery in the Era of the Gold Standard: the Case of the Spanish Peseta and the Pound Sterling from 1870 to 1935, with Marcela Sabaté, Open Economies Review 15, 63-85, Gasto en Defensa y renta en los países de la Alianza Atlántica, with Claudia Pérez- Forniés and Eva Pardos, Hacienda Pública Española 170, , Structural breaks and their trace in the memory: Inflation rate series in the long-run, with José María Serrano and Marcela Sabaté, Journal of International Financial Markets, Institutions and Money 14, , A long-run analysis of defence spending in the NATO countries ( ) with Eva Pardos and Claudia Pérez-Forniés, Defence and Peace Economics 15, , PPP and structural breaks. The peseta-sterling rate, 50 years of a floating regime, with Marcela Sabaté and José María Serrano, Journal of International Money and Finance 22, , El valor de la peseta, with Marcela Sabaté, Papeles y Memorias de la Real Academia de Ciencias Morales y Políticas 11, 23-31, La inflación en España en el siglo XX, with Marcela Sabaté, Papeles de Economía Española, forthcoming. The hidden economy in Spain. A Monetary Estimation, , with José María Serrano, Empirical Economics 27, , An analysis of Defence Spending in Spain: a long-run approach, with Antonio Montañés, Defence and Peace Economics 12, , Economic growth and the long run balance of payments constraint in Spain, with José María Serrano and Marcela Sabaté, Journal of International Trade and Economic Development 8, ,

12 Tipo de cambio y protección. La peseta al margen del patrón oro, , with José María Serrano and Marcela Sabaté, Revista de Historia Industrial 13, , La ética de la igualdad. Consideraciones sobre los fundamentos contractuales de la redistribución de la renta, with Eduardo Bandrés, Ekonomiaz 40, 11-41, La renta del turismo en las comarcas del Pirineo oscense, with Alain Cuenca, Cuadernos Aragoneses de Economía 2.ª época 4.1, , Un modelo sobre los determinantes del crecimiento del gasto público en España ( ), Revista de Economía Aplicada 2, 31-66, La importancia del turismo, Papeles de Economía Española: Economía de las Comunidades Autónomas 10, , Por qué crece el gasto público?: Un modelo de oferta y demanda aplicado al caso español ( ), Cuadernos Aragoneses de Economía 14, , Books Ciclos económicos regionales en España. El caso de Andalucía, with Antonio Montañes and Ana Gómez Loscos en Ensayos sobre ciclos económicos. Una perspectiva actual. Servicio de Estudios Cajasol, , PPP and Black Market Exchange Rates ( ): The Experience of the Spanish Peseta, with Marcela Sabaté and José Maria Serrano, International Business and Finance Issues, NovaPublishers, , Regional macroeconomic behaviour: Is there a common Spanish cycle driving activity, with Ana Gómez and Antonio Montañés, Papers and Proceedings: Global Regions? Annual conference of Regional Studies Association, London,

13 La peseta en su camino hacia el euro, Madrid, Civitas, Las ayudas comunitarias en Aragón, with José Antonio Herce, Antonio Montañés and Simón Sosvilla. CESA, Zaragoza, Cambio, Precios, Balanza y Expectativas, with Marcela Sabaté and José María Serrano. In Sudriá, C. and Tirado, D., Peseta y protección. Comercio Exterior, Moneda y Crecimiento Económico en la España de la Restauración, , Ediciones de la Universidad de Barcelona, Barcelona, La determinación del tipo de cambio de la peseta ( ). Una nota a propósito de Sardá with Marcela Sabaté Sort and José María Serrano Sanz, in Peseta y protección Estudios en Homenaje a Joan Sardá i Dexeus. Ediciones de la Universidad de Barcelona, La peseta en la cultura de la estabilidad, in Del real al euro, Servicio de Estudios de la Caixa (editor), La modernización de los Estados de Bienestar en el Sur de Europa, with Eduardo Bandrés, Alain Cuenca and Antonio Sánchez, Dimensiones de la Desigualdad, , Fundación Argentaria, Madrid, Desigualdades territoriales en la economía sumergida, with José María Serrano, Eduardo Bandrés and Jaime Sanaú, Confederación de Empresarios de Aragón y el Instituto Aragonés de Fomento, Zaragoza, La peseta y el patrón oro. Un caso de la Paridad del Poder Adquisitivo, with José María Serrano and Marcela Sabaté, in La peseta y el patrón de cambios en la España del siglo XIX. La política monetaria y las fluctuaciones de la economía española en el siglo XIX. Homenaje a Joan Sardá y Dexeus, Barcelona, La economía política del gasto público en España ( ), (1996), Madrid, Consejo Económico y Social, Las Administraciones Públicas Centrales y la Economía Aragonesa. Una estimación de la balanza fiscal, with José María Serrano, Eduardo Bandrés, Ramón Barberán and Alain Cuenca, Consejo Económico y Social de Aragón y la Diputación General de Aragón, Zaragoza,

14 Papers currently under review by refereed journals, working papers and blogs "Dissecting US recoveries", with Ana Gómez-Loscos and Gabriel Pérez-Quirós, 2017; Working Paper CEPR "Dissecting US recoveries", with Ana Gómez-Loscos and Gabriel Pérez-Quirós, 2017; Documento de Trabajo Banco de España, The Evolution of Regional Economic Interlinkages in Europe, with Ana Gómez-Loscos and Danilo Leyva-León, 2017, Documento de Trabajo Banco de España, "Trends in distributional characteristics: Existence of global warming", with Jesús Gonzalo, 2017, Documento de trabajo Universidad Carlos III, Departamento de Economía, Economic Series "Regional Business Cycles Across Europe", with Eduardo Bandrés and Ana Gómez-Loscos, 2017, Documento Ocasional Banco de España, GDP growth and oil prices, with Ana Gómez-Loscos and Antonio Montañes, 2016, Documento de Trabajo Banco de España, "Testing the Convergence Hypothesis for OECD Countries: A Reappraisal", with Isabel Sanz, Economics, Discussion Paper 11-10, 2016 ( 14

15 "Regional Business Cycles Across Europe", with Eduardo Bandrés and Ana Gómez-Loscos, 2016, Documento de Trabajo FUNCAS, 785. On the greatness of the great moderation, with Ana Gómez-Loscos and Gabriel Pérez-Quirós, 2015, Voxeu, The Great Moderation in historical perspective. Is it that great? with Ana Gómez-Loscos and Gabriel Pérez-Quirós, 2015, Working Paper CEPR DP The Great Moderation in historical perspective. Is it that great? with Ana Gómez-Loscos and Gabriel Pérez-Quirós, 2015, Documento de Trabajo Banco de España "The two greatest. Great Recession vs. Great Moderation", with Ana Gómez- Loscos and Gabriel Pérez-Quirós, 2014, Documento de Trabajo Banco de España, "The two greatest. Great Recession vs. Great Moderation", with Ana Gómez- Loscos and Gabriel Pérez-Quirós, 2014, Working Paper CEPR DP "Las previsiones económicas en España. Estudio comparativo del Panel de Funcas", 2014, Documento de Trabajo FUNCAS, 749. El fallo en predecir la Gran Recesión. Un fallo de los economistas académicos?, Nada es gratis, "La Gran Recesión en España en clave regional. Un análisis de ciclos económicos" with Eduardo Bandrés, 2013, Documento de Trabajo FUNCAS, 737. "The failure to predict the Great Recession. The failure of academic economics? A view focusing on the role of credit" with Gabriel Pérez-Quiros, 2012, Documento de Trabajo Banco de España, "The failure to predict the Great Recession. The failure of academic economics? A view focusing on the role of credit" with Gabriel Pérez-Quiros, 2012, Working Paper CEPR DP

16 "El papel del crédito como predictor del ciclo económico", with Gabriel Pérez- Quirós, Boletin Económico, Banco de España 34, Cycles inside cycles. Spanish Regional Aggregation", with Ana Gómez-Loscos and Antonio Montañés, WIFO Working Papers 390/2011. The impact of oil shocks on the Spanish economy, with Ana Gómez Loscos and Antonio Montañes, Documento de trabajo, FUNCAS, Economic growth, inflation and oil shocks. Are the 1970s coming back?, with Ana Gomez Loscos and Antonio Montañes, Discussion Paper on Applied Economics DPAE/10/01/, University of Oviedo, Vertical Specialization and Nonstationarities in International Trade Series, Institute for International Integration Studies Discussion Paper, 309, Government solvency or just pseudo-sustainability? A long-run multicointegration approach for Spain, with Regina Escario and Marcela Sabaté, DTECONZ Openness and the size of public sector in Spain, , with Estela Saenz and Marcela Sabaté, DTECONZ Beating fiscal dominance.the case of Spain, , with Marcela Sabaté and Regina Escario, DTECONZ The single monetary policy and domestic macro-fundamentals: Evidence from Spain, with Michael Arghyrou, DTECONZ The single monetary policy and domestic macro-fundamentals: Evidence from Spain, with Michael Arghyrou, Discussion Papers Cardiff Business School. How many regional cycles are there in Spain? A MS-VAR approach, with Ana Gómez and Antonio Montañes, Working Papers Fundear, research section, 2006/1. Índice Fundear. Un sistema de indicadores sintéticos de coyuntura para la economía aragonesa, with Antonio Montañés and Domingo Pérez, Documentos de Trabajo FUNDEAR 2003/2,

17 Unit roots, Levels Shifts and Purchasing Power Parity, with Antonio Montañés and Marcelo Reyes, Computing in Economics and Finance, 208, Análisis de Coyuntura, Series temporales y Desagregación de la Información: Aplicación al caso de la economía aragonesa, with Antonio Montañés and José María Serrano, Documentos de Trabajo IAEST, 5, Work in progres "Dating and clustering Regional Business Cycles in Europe", with Eduardo Bandrés and Ana Gómez-Loscos. "Explaining regional clusters in Europe", with Eduardo Bandrés and Ana Gómez-Loscos. "Co-movements in European inflation", with Luis Julián Alvarez and Ana Gómez-Loscos Recovery patterns and Great Moderation, with Ana Gómez-Loscos and Gabriel Pérez-Quiros. Secular Stagnation. Myth or reality?, with Ana Gómez-Loscos and Gabriel Pérez-Quiros. Predictive power of the macroeconomic imbalance indicators?, with Ana Gómez-Loscos, Danilo Leiva-León and Gabriel Pérez-Quiros. "Regional Spillovers in the European Union: What has change since the Euro?" with Ana Gómez-Loscos and Danilo Leiva-León. Estimating turning points using large data sets, with Máximo Camacho and Ana Gómez-Loscos. Global business cycles, with Máximo Camacho and Ana Gómez-Loscos. Heterogeneity and reforms. Qualified economic growth, with Laura Mayoral. Identification and forecast of trends in temperature, with Jesús Gonzalo. Melting of the poles circles: is it different the north of the south?, with Jesús Gonzalo. 17

18 Cambios estructurales en la economía española, with Ana Gómez-Loscos and Gabriel Pérez-Quiros. Financial crises, financial variables, the perfect cycle, with Gabriel Pérez- Quirós. Co-movements in non-linear panels, with Gabriel Pérez-Quirós and Danilo Leyva-León. "External imbalances and recoveries", with Mariam Camarero, Cecilio Tamarit and Ana Gómez-Loscos. Multiple structural breaks in integrated series, with José Lluis Carrion-i- Silvestre. Bias correction of long-run variance estimates for bounded time series, with Josep Lluis Carrion-i-Silvestre and Antonio Montañés. Detecting multiple level breaks in bounded series, with José Lluis Carrion-i- Silvestre. What drives the Argentinean business cycle, with Isabel Sanz. A new approach for dating business cycles, with Alfredo Cuesta. Credit shortages and limited liquidity in periphery EMU countries, with Michael Arghyrou. "Pricing sovereign bond risk in the European Monetary Union Area: a timevariant approach", with Antonio Afonso and Michael Arghyrou. "Reconsidering the structural stability of real exchange rates", with Sergio Gabas and Antonio Montañés. "The incidence of tariff protection", with Eva Pardos and Marcela Sabaté. "Common trends in trade", with Noelia Cámara and Marcela Sabaté. "The hypothesis of compensation in Spain", with Marcela Sabaté and Estela Saenz. Presentations in Conference 18

19 "The Evolution of Regional Economic Interlinkages in Europe", with Ana Gómez- Loscos and Danilo Leiva-León, 4th International Association of Applied Econometrics Annual Conference, Sapporo, Unbiased estimation of autoregressive models in bounded series, with Josep- Lluis Carrion-i-Silvestre and Antonio Montañés, 4th International Association of Applied Econometrics Annual Conference, Sapporo, The Evolution of Regional Economic Interlinkages in Europe, with Ana Gómez- Loscos and Danilo Leiva-León, CFE-CMS, Sevilla, Unbiased estimation of autoregressive models in bounded series, with Josep- Lluis Carrion-i-Silvestre and Antonio Montañés, CFE-CMS, Sevilla, "TRENDs in distributional characteristics: Existence of global warming ", with Jesús Gonzalo, Econometric Models of Climate Change, Aarhous, "The Evolution of Regional Economic Interlinkages in Europe", with Ana Gómez- Loscos and Danilo Leiva-León, ERSA, Viena, "Regional Business Cycles Across Europe", with Eduardo Bandrés and Ana Gómez-Loscos, ERSA, Viena, "The Great Moderation in the long run. Is it that great?", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, 3th International Association of Applied Econometrics Annual Conference, Milano, "The Great Moderation in historical perspective. Is it that great?", with Ana Gòmez-Loscos and Gabriel Pérez-Quirós, 13th INFINITI Conference on International Finance, Dublin, "The Evolution of Regional Economic Interlinkages in Europe", with Ana Gómez- Loscos and Danilo Leyva-León, Encuentro de Economía Aplicada, Sevilla, The Evolution of Regional Economic Interlinkages in Europe, with Ana Gómez- Loscos and Danilo Leiva-León, VI Workshop in Time Series Econometrics, Zaragoza,

20 Unbiased estimation of autoregressive models in bounded series, with Josep- Lluis Carrion-i-Silvestre and Antonio Montañés, VI Workshop in Time Series Econometrics, Zaragoza, "The Great Moderation in historical perspective. Is it that great?", with Ana Gòmez-Loscos and Gabriel Pérez-Quirós, European Winter Meeting, Econometric Society, Milan, "The Great Moderation in historical perspective. Is it that great?", with Ana Gòmez-Loscos and Gabriel Pérez-Quirós, International Conference "Large-scale Crises: 1929 vs 2008", Ancona, "Detecting multiple level shifts in bounded time series, with Josep-Lluis Carrion-i-Silvestre, XL SAE, Gerona, "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, World Finance Conference, Hanoi, "The Great Moderation in historical perspective. Is it that great?", with Ana Gòmez-Loscos and Gabriel Pérez-Quirós, CFE-CMS, London "Regional business cycles across Europe", with Ana Gómez-Loscos and Eduardo Bandrés, CFE-CMS, London "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, INTECO, Valencia, "Trend or no trend in distributional characteristics. The case of global warming", with Jesús Gonzalo, 2015, Paris. "The Great Moderation in historical perspective. Is it that great?", with Ana Gòmez-Loscos and Gabriel Pérez-Quirós, EEA, Mannheim "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, EEA, Mannheim "Trend or no trend in distributional characteristics. The case of global warming", with Jesús Gonzalo, 11th World Congress of the Econometric Society, Montreal

21 "The Great Moderation in historical perspective. Is it that great?", with Ana Gòmez-Loscos and Gabriel Pérez-Quirós, 11th World Congress of the Econometric Society, Montreal "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, EcoMod, Boston, "Testing for multiple level shifts in I(0) and I(1) stochastic processes", with Josep Lluis Carrion, EcoMod, Boston, "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, 35th International Symposium on Forecasting, Riverside, "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, 23rd Annual Symposium of the Society for Nonlinear Dynamics and Econometrics, Oslo, "The Great Moderation in historical perspective. Is it that great?", with Ana Gòmez-Loscos and Gabriel Pérez-Quirós, 13th INFINITI Conference on International Finance, Ljubljana, "The Great Moderation in historical perspective. Is it that great?", with Ana Gòmez-Loscos and Gabriel Pérez-Quirós, 2nd International Association of Applied Econometrics Annual Conference, Thessaloniki, "Detecting multiple level shifts in bounded time series, with Josep-Lluis Carrion-i-Silvestre, V Workshop in Time Series Econometrics, Zaragoza, "Trend or no trend in distributional characteristics. The case of global warming", with Jesús Gonzalo, Nuffield College and INET, Oxford "Trend or no trend in distributional characteristics. The case of global warming", with Jesús Gonzalo, Erasmus School of Economics, Roterdam "Trend or no trend in distributional characteristics. The case of global warming", with Jesús Gonzalo, XXXIX SAE, Palma "Testing for multiple level shifts in I(0) and I(1) stochastic processes", with Josep Lluis Carrion, XXXIX SAE, Palma

22 "The Great Moderation in historical perspective. Is it that great?", with Ana Gòmez-Loscos and Gabriel Pérez-Quirós, CFE-ERCIM, Pisa, "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, Conference in Honor of James Hamilton, Federal Reserve Bank of San Francisco, San Francisco, "Regional business cycles across Europe", with Ana Gómez-Loscos and Eduardo Bandrés, ERSA Congress, San Petersburg "Trend or no trend in distributional characteristics. The case of global warming", with Jesús Gonzalo, IAAE, London "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, IAAE, London "The failure to predict the Great Recession. The failure of academic economics? A view focusing on the role of credit, with Gabriel Pérez-Quirós, IAAE, London "The failure to predict the Great Recession. The failure of academic economics? A view focusing on the role of credit, with Gabriel Pérez-Quirós, The Econometric Analysis of Recurrent Events in Macroeconomics and Finance, Rotterdam "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, GSE, Barcelona "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, IEA, Jordan "Trend or no trend in distributional characteristics. The case of global warming", with Jesús Gonzalo, IV Workshop in Time Series Econometrics, Zaragoza "Testing for multiple level shifts in I(0) and I(1) stochastic processes", with Josep Lluis Carrion, IV Workshop in Time Series Econometrics, Zaragoza "Trend or no trend in distributional characteristics. The case of global warming", with Jesús Gonzalo, CFE-ERCIM, London

23 "Has the Great Recession ousted the Great Moderation?", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, CFE-ERCIM, London "Trend or no trend in distributional characteristics. The case of global warming", with Jesús Gonzalo, EEA-ESEM, Gotembourg "Has the Great Recession ousted the Great Moderation?", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, XXXVIII Simposio de Análisis Económico, Oviedo, "The failure to predict the Great Recession. The failure of academic economics? A view focusing on the role of credit, with Gabriel Pérez-Quirós, EEA-ESEM, Gotembourg "Has the Great Recession ousted the Great Moderation?", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, EEA-ESEM, Gotembourg "The two Greatest. Great Recession vs. Great Moderation", with Ana Gòmez- Loscos and Gabriel Pérez-Quirós, III Workshop in Time Series Econometrics, Zaragoza "The failure to predict the Great Recession. The failure of academic economics? A view focusing on the role of credit, with Gabriel Pérez-Quirós, XXXVII Simposio de Análisis Económico, Vigo, "Credit and the business cycle: describing the past or inferring the future?, with Gabriel Pérez-Quirós, EEA-ESEM, Málada, "Credit and the business cycle: describing the past or inferring the future?, with Gabriel Pérez-Quirós, II Workshop in Time Series Econometrics, Zaragoza, "Credit and the Business Cycle Describing the past or Inferring the Future?, with Gabriel Pérez-Quirós, II Workshop in Time Series Econometrics, Zaragoza "The impact of oil shocks on the Spanish Economy, with Ana Gómez-Loscos and Antonio Montañés, XXXVI Simposio de Análisis Económico, Málaga,

24 Cycles inside cycles. Spanish Regional Aggregation, with Ana Gómez-Loscos and Antonio Montañés, 58th Annual North American Meetings of the Regional Science Association International & Second Conference of the Regional Science Association of the Americas (RSAmericas), Miami, Cycles inside cycles. Spanish Regional Aggregation, with Ana Gómez-Loscos and Antonio Montañés, 51th Conference of the European Regional Science Association, Barcelona, Bounds, Breaks and Unit Root Test, with Josep Lluis Carrion, EEA-ESEM Oslo, Aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, EEA-ESEM Oslo, Cycles inside cycles. Spanish Regional Aggregation, with Ana Gómez-Loscos and Antonio Montañés, XIV Encuentro de Economía Aplicada, Huelva, 2011 Cycles inside cycles. Spanish Regional Aggregation, with Ana Gómez-Loscos and Antonio Montañés, Interdisciplinary Workshop Econometric and Statistical Modelling of Multivariate Time Series, Lovain-la-Neuve, Bounds, Breaks and Unit Root Test, with Josep Lluis Carrion, Interdisciplinary Workshop Econometric and Statistical Modelling of Multivariate Time Series, Lovain-la-Neuve, Cycles inside cycles. Spanish Regional Aggregation, with Ana Gómez-Loscos and Antonio Montañés, Workshop in Advances in Business Cycles and Economic Growth Analysis, Rimini, Bounds, Breaks and Unit Root Test, with Josep Lluis Carrion, XXXV Simposio de la Asociación Española de Economía SAE, Madrid, Cycles inside cycles. Spanish Regional Aggregation, with Ana Gómez-Loscos and Antonio Montañés, XXXV Simposio de la Asociación Española de Economía SAE, Madrid,

25 Vertical specialization and nonstationaries in international trade series, Noelia Cámara and Marcela Sabaté, XXXV Simposio de la Asociación Española de Economía SAE, Madrid, Bounds, Breaks and Unit Root Test, with Josep Lluis Carrion, 4 th CSDA International Conference on Computational and Financial Econometrics (CFE 10), London, Aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, Conference on Microeconomic Sources of Real Exchange Rate Behaviour, Nashville, Cycles inside cycles. Spanish Regional Aggregation, with Ana Gómez-Loscos and Antonio Montañés, UE-Real Workshop, Viena, Aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, 15 th Annual Conference on Econometric Modeling for Africa, El Cairo, The impact of oil shocks on the Spanish economy, with Ana Gómez-Loscos and Antonio Montañés, ERSA, Jönköping, Bounds and Structural Breaks, with Josep-Lluis Carrion-i-Silvestre, Sir Clive Granger Memorial Conference, University of Nottingham, poster session, Effects of oil Price shocks on the GDP and prices of G7 countries, with Ana Gómez-Loscos and Antonio Montañés, 7th AFE Conference, Samos, Aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, O Workshop in Time Series Econometrics, Zaragoza, Aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, INFINITI, Dublin, Effects of oil Price shocks on the GDP and prices of G7 countries, with Ana Gómez-Loscos and Antonio Montañés, 14 th International Conference on Macroeconomic analysis and International Finance, Creta,

26 Aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, 14 th International Conference on Macroeconomic Analysis and International Finance, Creta, Nonstationarities in International Trade Series, with Noelia Cámara and Marcela Sabaté, International Atlantic Economic Society, Praga, The impact of Rising Fuel Prices on Food Prices, with Antonio Montañés and Monia Ben-Kaabia, International Atlantic Economic Society, Praga, Long-run fiscal dominance in Argentina , with Isabel Sanz and Marcela Sabaté, Congreso Latinoamericano de Historia Económica CLADHE2, México, The relationship between trade openness and public expenditure. The Spanish case, ", with Estela Saénz and Marcela Sabaté, XVII Encuentro de Economía Pública, Murcia, The relationship between trade openness and public expenditure. The Spanish case, ", with Estela Saénz and Marcela Sabaté, XXXIV Simposio de Análisis Económico, Valencia, Effects of oil Price shocks on the GDP and prices of G7 countries, with Ana Gómez-Loscos and Antonio Montañés, XXXIV Simposio de Análisis Económico, Valencia, Analysing aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, Far Eastern Meeting Econometric Society, Tokyo, Persistence, Tradability and PPP, with Laura Mayoral, XI Conference on International Economics, Barcelona, Apertura, Riesgo Externo and Gasto Público: La hipótesis de Compensación. Un Estudio Aplicado al Caso Español, with Marcela Sabaté and Estela Sáenz, XI Conference on International Economics, Barcelona, Unit Roots in World Trade, with Marcela Sabaté and Noelia Cámara, XI Conference on International Economics, Barcelona,

27 Unit Roots in World Trade, with Marcela Sabaté and Noelia Cámara, XII Encuentro de Economía Aplicada, Madrid, Más de cien años de dependencia fiscal en Argentina: , with Marcela Sabaté and Isabel Sáenz, XII Encuentro de Economía Aplicada, Madrid, Analysing aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, North American Summer Meeting Econometric Society, Boston, Analysing aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, INFINITI, Dublin, Analysing aggregate real exchange rate persistence through the lens of sectoral data, with Laura Mayoral, 13 th International Conference on Macroeconomic analysis and International Finance, Creta, Government solvency or just pseudo-sustainability? A long-run multicointegration approach for Spain, with Regina Escario and Marcela Sabaté,, 13 th International Conference on Macroeconomic analysis and International Finance, Creta, Trade, trends and unit roots, with Noelia Cámara and Marcela Sabaté, 13 th International Conference on Macroeconomic analysis and International Finance, Creta, The single monetary policy and domestic macro-fundamentals: Evidence from Spain, with Michael Arghyrou, Eastern Economic Association, New York, La hipótesis de compensación en España, , with Estela Sáenz and Marcela Sabaté, XVI Encuentro Economía Pública, Granada, The single monetary policy and domestic macro-fundamentals: Evidence from Spain, with Michael Arghyrou, XXXIII Simposio de Análisis Económico, Zaragoza, La hipótesis de compensación en España, , with Estela Sáenz and Marcela Sabaté, XXXIII Simposio de Análisis Económico, Zaragoza,

28 Multicointgración, seigniorage y sostenibilidd del déficit. El caso español en el largo plazo ( ), with Regina Escario and Marcela Sabaté, XXXIII Simposio de Análisis Económico, Zaragoza, Unit roots in World trade, with Noelia Cámara and Marcela Sabaté, XXXIII Simposio de Análisis Económico, Zaragoza, Aggregation is not the solution: the PPP puzzle strikes back, with Laura Mayoral,, European Meeting of the Econometric Society, Milan, Measuring the PPP puzzle with aggregate data in the presence of sectoral heterogeneity, with Laura Mayoral, FEMES, Singapur, Aggregation is not the solution: the PPP puzzle strikes back, with Laura Mayoral,, 12 th International Conference on Macroeconomic analysis and International Finance, Creta, Long-run fiscal dominance in Argentina, , with Isabel Sanz and Marcela Sabaté, XVº Congreso Internacional de AHILA, Leiden, Holanda, Regional business cycles aggregation: The case of Spain, with Ana Gómez- Loscos and Antonio Montañés, 47th Congreso of the European Regional Science Association, Paris, Aggregation is not the solution: the PPP puzzle strikes back, with Laura Mayoral, Far Eastern Meeting of Econometric Society, Taipei Fiscal impact on monetary dynamics in the long run. Spain , with Marcela Sabaté and Regina Escario, 7 th European History Economic Society, Lund The incident of tariff protection in the Periphery, , with Eva Pardos and Marcela Sabaté, 7 th European History Economic Society, Lund Relación entre gasto público y apertura comercial. El caso español, , with Estela Sáenz and Marcela Sabaté, X Encuentro de Economía Aplicada, Logroño

29 Relación entre gasto público y apertura comercial. El caso español, , with Estela Sáenz and Marcela Sabaté, X Jornadas de Economía Internacional, Madrid Structural breaks, co-breaks and real exchange rates, with Sergio Gabás and Antonio Montañés, Infinity Conference on Intenational Finance, Dublin, Structural breaks, co-breaks and real exchange rates, with Sergio Gabás and Antonio Montañés, 11 th International Conference on Macroeconomic analysis and International Finance, Creta, The incidence of tariff protection in the Periphery, with Eva Pardós and Marcela Sabaté. Third Iberian Economic History Workshop: Iberometrics III, Valencia Regional business cycles aggregation: The case of Spain, with Ana Gómez- Loscos and Antonio Montañés, XXXI Simposio de Análisis Económico, Oviedo, Regional macroeconomic behaviour: Is there a common Spanish cycle driving activity, with Ana Gómez-Loscos and Antonio Montañés, Global Regions? Annual conference of Regional Studies Association, Londrés, Arbitrage is not enough: the PPP puzzle and the role of output convergence, with Laura Mayoral and Marcela Sabaté, New Developments in Macroeconomic Modeling and Growth Dynamics Conference, Algarve, Regional business cycles aggregation: The case of Spain, with Ana Gómez- Loscos and Antonio Montañés, New Developments in Macroeconomic Modeling and Growth Dynamics Conference, Algarve, Regional business cycles aggregation: The case of Spain, with Ana Gómez- Loscos and Antonio Montañés, Non-linear Dynamical Methods and Time Series Analysis, Udine, The Persistence of Real Exchange Rate and the PPP puzzle, with Laura Mayoral and Marcela Sabaté, Econometrics and Empirical Economics (EEE) 29

30 Programme of the 61 st European Meeting of the Econometric Society (ESEM), Viena, The Persistence of Inflation in OECD Countries: A Fractionally Integrated Approach, with Laura Mayoral, Econometrics and Empirical Economics (EEE) Programme of the 61 st European Meeting of the Econometric Society (ESEM), Viena, The Persistence of Inflation in OECD Countries: A Fractionally Integrated Approach, with Laura Mayoral, FEMES Far Eastern Meeting of Econometric Society, Beijing, The Persistence of Real Exchange Rate and the PPP puzzle, with Laura Mayoral and Marcela Sabaté, 10 th International Conference on Macroeconomic Analysis and International Finance, Creta, The Persistence of Inflation in OECD Countries: A Fractionally Integrated Approach, with Laura Mayoral, Long memory for Paco Marmol, Conferencia en homenaje a Paco Marmol, Universidad Carlos III, Madrid, A story of PPP persistence. The Spanish Peseta ( ) against the Dollar and the Pound, with Marcela Sabaté and José María Serrano, 9 th International Conference on Macroeconomic Analysis and International Finance, Creta, A story of PPP persistence. The Spanish Peseta ( ) against the Dollar and the Pound, with Marcela Sabaté and José María Serrano, IX Jornadas de Economía Internacional, La Laguna, The long-run behaviour of Spanish peseta exchange rate ( ): PPP, real shocks and persistence, with Marcela Sabaté and José María Serrano, XXIX Simposio de Análisis Económico, Pamplona, The long-run behaviour of Spanish peseta exchange rate ( ): PPP, real shocks and persistence, with Marcela Sabaté and José María Serrano, VII Encuentro de Economía Aplicada, Vigo,

31 Budget, money and prices. Spain , with Marcela Sabaté and Regina Escario, VII Encuentro de Economía Aplicada, Vigo, Impacto monetario de la política presupuestaria: España , with Marcela Sabaté and Regina Escario, VI Jornadas de Política Económica, Barcelona, The effects of macroeconomic stability on foreign trade. An analysis for Spain, , with Ana Belén Gracia and José María Serrano, 3 th EEFS Annual Conference, European Integration and World Economy, Poland, The Spanish Peseta, a floating experience in times of the Gold (classical and standard), with Marcela Sabaté and José María Serrano, Fourth Annual Conference, Finance and the International Economy, City University, London, Los efectos de la estabilidad macroeconómica en el comercio exterior de España. De la Adhesión al euro, with Ana Belén Gracia and José María Serrano, VI Encuentro de Economía Aplicada, Granada, Permanent and Transitory Components of Spanish Inflation Rate, with Monia Ben-Kaabia and Marcela Sabaté, XXVII Simposio de Análisis Económico, Salamanca, Unit roots, Levels Shifts and Purchasing Power Parity, with Antonio Montañés and Marcelo Reyes, Computing in Economics and Finance, Aix-an-Provence, Permanent and Transitory Components of Spanish Inflation Rate, with Monia Ben-Kaabia and Marcela Sabaté, V Encuentro de Economía Aplicada, Oviedo, A long-run analysis of defence spending in the NATO countries ( ), with Eva Pardos and Claudia Pérez Fornies, IX Encuentro de Economía Pública, Vigo,

32 A long-run analysis of defence spending in the NATO countries ( ), with Eva Pardos and Claudia Pérez Fornies, V Encuentro de Economía Aplicada, Oviedo, La inflación en el largo plazo: larga memoria o cambio estructural?, with Marcela Sabaté, IV Encuentro de Economía Aplicada, Reus, La peseta en la cultura de la estabilidad, XIV Jornadas de Alicante de Economía Española, Alicante, La modernización de los Estados de Bienestar en el Sur de Europa, with Eduardo Bandrés, Alain Cuenca and Antonio Sánchez, Fundación Argentaria, Madrid, El patrón oro y la periferia europea. La peseta y la libra esterlina , with Marcela Sabaté and José María Serrano, II Encuentro de Economía Aplicada, Zaragoza, La protección social en Europa, with Eduardo Bandrés and Alain Cuenca, VI Encuentro de Economía Pública, Oviedo, Crecimiento económico y Estado del Bienestar en Europa with Eduardo Bandrés and Alain Cuenca, VI Encuentro de Economía Pública, Oviedo, La peseta y el patrón oro. Un caso de la Paridad del Poder Adquisitivo, with José María Serrano and Marcela Sabaté, en la sesión sobre La peseta y el patrón de cambios en la España del siglo XIX, dentro del encuentro La política monetaria y las fluctuaciones de la economía española en el siglo XIX. Homenaje a Joan Sardá y Dexeus, Barcelona, La determinación del cambio de la peseta, Una nota a propósito de Sardá, with Marcela Sabaté, XXIII Simposio de Análisis Económico, Barcelona, Estado de Bienestar y crecimiento de los gastos sociales en España, with Eduardo Bandrés, IV Encuentro de Economía Pública, Pamplona, La economía política del gasto público, VIII Jornadas de Economía Española, Alicante,

33 La contribución del turismo a la Economía Pirenaica, Las posibilidades de una Economía de montaña, Universidad Internacional Menéndez Pelayo, Formigal (Huesca),

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