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RUIZ ANDÚJAR, JESÚS


Economic Growth, Theory and Numerical Solution Methods (Ed. Springer)

Economic Growth: Theory and numerical solution methods

Second Edition, 2014. Springer (Springer Texts in Business and Economics)

In addition to standard theoretical discussions, this textbook covers in detail stability issues and policy evaluation questions, providing numerical exercises in Excel and Matlab along with the theoretical analysis. Excel files are used for single realizations in deterministic models, while MATLAB files reproduce the analysis with a large number of sample realizations in stochastic economies.
A specific chapter reviews numerical solution methods. Further chapters are devoted to some endogenous growth models and to monetary economies. The effects of alternative monetary and fiscal policies and the possibilities for optimal policy design are emphasized throughout the book. Other non-standard issues addressed are: i) the possibility for nominal indeterminacy of the price level under some monetary policies, ii) stability of the time path for public debt, iii) the sample discretization of continuous-time models, iv) numerical solution methods for a wide class of endogenous growth models.
The book has been written by E. Fernandez-Casillas, A. Novales and J. Ruiz. For further details or any additional information regarding the manuscript, please contact: anovales@ccee.ucm.es or jruizand@ucm.es

A third edition of the book is forthcoming. In this edition we have included two additional chapters. These chapters introduce the reader to the estimation of DSGE models.

Structure of the book. Synopsis 

Website of the handbook


Sobre el post de Nada es Gratis acerca de la estacionalidad en la afiliación a la Seguridad Social. Detalles técnicos. 2 de septiembre de 2022

Información

 

1. Publications

Libros y capítulos de libros

  1. Novales, A., E. Fernández, y J. Ruiz, 2008, Economic Growth: Theory and Numerical Solution Methods, Ed. Springer Verlag [forthcoming]. Software of the book: https://www.ucm.es/fundamentos-analisis-economico2/economic-growth.
  2. Novales, A., E. Domínguez, J. Pérez, and J. Ruiz, 1999, "Solving nonlinear rational expectations models by eigenvalue-eigenvector decompositions", Computational Methods for the Study of Dynamic Economies, R. Marimón y A. Scott (eds.), Oxford University Press.
  3. Novales, A., E. Domínguez, J. Pérez, y J. Ruiz, 2004, "Solución numérica de problemas de control estocástico en Economía", en Optimización bajo Incertidumbre, Antonio Alonso-Ayuso, Emilio Cerdá, Laureano F. Escudero y Ramon Sala, Coordinadores, ed. ASEPUMA.
  4. Pérez, R. and J. Ruiz, 2006, "Indeterminacy and optimal environmental public policies in an endogenous growth model", in Economic Modelling of Climate Change and Energy Policies, edited by C. de Miguel, X. Labandeira and B. Manzano, Edward Elgar Publishing.
  5. Pérez, R. and J. Ruiz, 2010, "Implementation of tax cuts through efficient recompositions of government spending in a neoclassical growth model", in Taxation, Tax Policies and Income Taxes (ISBN: 978-1-61209-138-9), Series Monetary, Fiscal and Trade Policies, Nova Science Publishers, Inc., 171-199.
  6. Licandro, O., L. Puch y J. Ruiz, (2018), "Continuous versus Discrete Time Modeling in Growth and Business Cycle Theory", chapter 12 in Continuous Time Modeling in the Behavioral and Related Sciences, K. van Montfort et al. (eds.), Springer International Publishing AG.

 

JCR

  1. Novales, A., and J. Ruiz, 2002, "Dynamic Laffer Curves", Journal of Economic Dynamics and Control, 27, 181-206. ISSN 0165-1889. JIF year 2002: 0.738, JIF rank: 57/166; JIF Quartile: Q2; JIF Percentile: 65.96
  2. E. Fernández, A.Novales y J. Ruiz, 2004, "Indeterminacy under non-separability of public consumption and leisure in the utility function", Economic Modelling, Vol. 21, Issue 3 / pp. 429-428. ISSN 0264-9993. JIF year 2004: 0.256, JIF rank: 145/172; JIF Quartile: Q4; JIF percentile: 15.99
  3. Manzano, B., R. Pérez and J. Ruiz, 2005, "Identifying optimal contingent fiscal policies in a business cycle model", Spanish Economic Review, 7, 245-266. ISSN 1435-5469. JIF year 2008: 0.250, JIF rank: 189/209, JIF Quartile: Q4, JIF percentile: 9.81, In-Recs 2005: 0.133, 15/119, Q1
  4. Lafuente, J.A. and J. Ruiz, 2006, "Monetary policy and forward bias for foreign exchange revisited: empirical evidence from the US-UK exchange rate", Economic Modelling 23, 238-264. ISSN 0264-9993. JIF Year 2006: 0.425 130/175 Q3 26.00
  5. Pérez, R. and J. Ruiz, 2007, "Global and local indeterminacy and optimal environmental public policies in an economy with public abatement activities", Economic Modelling, 24, 431-452.  JIF 2007: 0.375, 144/191 Q4, 24.87; Más frecuente en quinquenio 2005-2009: Q3
  6. Manzano, B., C. De Miguel, J.M. Martín-Moreno and J. Ruiz, 2009, "Disentangling the effects of oil shocks: the role of rigidities and monetary policy", Energy Journal, Volume 30 (Special Issue 2) 193-216. ISSN 0195-6574. JIF 2009: 1.857, 36/247, Q1, 77.54
  7. Fernández, E., R. Pérez and J. Ruiz, 2010, "Double Dividend, Dynamic Laffer Effects and Public Abatement", Economic Modelling, 27, 656-665. JIF 2010: 0.601, 182/305, Q3, 40.49
  8. Fernández, E., R. Pérez and J. Ruiz, 2011, "Optimal green tax reforms yielding double dividend", Energy Policy, 39, 4253-63. ISSN 0301-4215, JIF 2.723, Environmental studies (SSCI) 2011: 5/89, Q1, 94.94
  9. Martín-Moreno, J.M., R. Pérez and J. Ruiz, 2012, "Private consumption and sector price behaviour in the Spanish economy: a business cycle approach", Applied Economics Letters, 19, 863-868. ISSN 1350-4851. JIF 2012: 0.295. 274/333, Q4, 17.87
  10. Fernández, E., R. Pérez and J. Ruiz, 2012, "The environmental Kuznets curve and equilibrium indeterminacy", Journal of Economic Dynamics and Control, 36(11), pp. 1700-1717. JIF 2012: 0.807, 165/333, Q2, 50.60
  11. Lafuente, J.A., R. Pérez and J. Ruiz, 2014, "Time-varying inflation targeting after the nineties", International Review of Economics and Finance, vol. 29 (january), pp. 400-408. ISSN 1059-0560, JIF 2014: 1.704, 59/333, Q1, 82.43
  12. Martín-Moreno, J.M., R. Pérez, J. Ruiz (2014), "Real business Cycle Model with Tradable and Non-Tradable Goods for the Spanish Economy", Economic Modelling, vol. 36 (january), pp-204-212. JIF 2014: 0.827, 173/333, Q3, 48.20. Desde 2015 es Q2 y en 2020 Q1
  13. Novales, A., R. Pérez and J. Ruiz (2014), "Optimal time-consistent fiscal policy under endogenous growth with elastic labor supply", Economic Modelling, vol. 42 (october), pp. 398-412. JIF 2014: 0.827, 173/333, Q3, 48.20. Desde 2015 es Q2 y en 2020 Q1
  14. Novales, A., R. Pérez and J. Ruiz (2014), "Optimal time-consistent fiscal policy in an endogenous growth economy with public consumption and capital", Journal of Macroeconomics, vol. 42 (december), pp. 104-117. ISSN 0164-0704. JIF 2014: 0.488, 247/333, Q3, 25.98
  15. Lafuente, J.A., R. Pérez and J. Ruiz (2016): "Monetary policy regimes and the forward bias for foreign exchange", Journal of Economics and Business 85, 13–28. ISSN 0148-6195, Scopus SJR 2016: 0.491, Q1, H-Index 50
  16. Martín-Moreno, J.M., R. Pérez y J.Ruiz (2016), "Exploring the sources of Spanish Macroeconomic Fluctuations: An estimation of a small open economy DSGE model", International Review of Economics and Finance , 45, 417-437, JIF 2016: 1.261, 123/347, Q2, 64.70
  17. Blázquez, J., J.M. Martín-Moreno, R. Pérez y J. Ruiz (2017), "Fossil Fuel Price Shocks and CO2 Emissions: The Case of Spain", The Energy Journal, vol. 38, nº 6, 161-176, JIF 2017: 2.132, 73/353, Q1, 79.46.
  18. Martín-Moreno, J.M., R. Pérez and J. Ruiz (2019), "Evidence about Asymmetric Price Transmission in the main European Fuel Markets: From TAR-ECM to Markov-Switching approach", Empirical Economics, 56(4), 1383-1412. ISSN 0377-7332, JIF 2019: 1.308, 201/373, Q3, 46.25; ranking por JCI 2019: 243/556, Q2, 56.38
  19. Lafuente, J.A., N. Petit, J. Ruiz and P. Serrano (2020), "Dissecting Interbank Risk using Basis Swap Spreads» World Economy , 3, pp. 729-757. JIF 2020: 1.450, 250/376, Q3, 33.64
  20. Conde-Ruiz, I., M. García, L. Puch and J. Ruiz (2019), "Calendar effects in daily aggregate employment creation and destruction in Spain", SERIEs (Journal of the Spanish Economic Association), 10, pages 25–63. ISSN 1869-4187. JIJ 2019: 0.719, 300/373, Q4, 19.71
  21. Martín-Moreno, J.M., R. Pérez and J. Ruiz (2019), "Rockets and feathers behavior in the Spanish gasoline and diesel market: New evidence", Bulletin of Economic Research, Volume 71, Issue4 (October 2019), Pages 657-683. ISSN 0307-3378. JIF 2019: 0.333, 358/373, Q4, 4.16.
  22. Blázquez, J., J.M. Martín-Moreno, R. Pérez and J. Ruiz (2021), "Aiming for carbon neutrality: which environmental taxes does Spain need by 2030?", Economics of Energy & Environmental Policy, Volume 10, Number 2, 215-229, JIF 2019: 3.217, 52/373, Q1, 86.19, más frecuente en la última ventana de 5 años (2016-2020) es Q2 (Q3, Q1, Q2, Q2, Q2) , Rank by JCI 2020: 199/557, Q2, 64.36
  23. Campos, L. and J. Ruiz (2022), "Common and idiosyncratic components of Latin American business cycles connectedness", Journal of Applied Economics, forthcoming. ISSN 1514-0326, JIF 2020: 1.100, 290/376, Q4, 23.01
  24. Lafuente, J.A., M. Monfort, R. Pérez and J. Ruiz (2022), "Disentangling Permanent and Transitory Monetary Shocks with a Nonlinear Taylor Rule", Economics, vol. 15, no. 1, 2021, pp. 150-162. ISSN 1864-6042, JIF 2020: 1.134, 285/376, Q4, 24.34
  25. Guinea, L., L. Puch, and J. Ruiz (2022), "News-driven housing booms: Spain vs. Germany", The B.E. Journal of Macroeconomics, ID: DGBEJM.2021.0116.R2 
  26. Martín-Moreno, J.M., R. Pérez and J. Ruiz (2023), "Mid-term policy considerations of the EU green deal", Energy Strategy Reviews,  Vol 50, 2023, 101239, 1-12, JCR:8.2, (27/119 en Energy and Fuels, Q1).
  27. Guinea, L., L. Puch, and J. Ruiz (2024), "Energy news shocks and their propagation to renewable and fossil fuels use", Energy Economics, In press, https://doi.org/10.1016/j.eneco.2023.107289, JCR: 12.8 (2/380 en economics, Q1).
  28. Guinea, L., Pérez, R. and J. Ruiz (2024), "Asymmetric effects of financial volatility and volatility of volatility shocks on the energy mix", Financial Research Letters, JCR: 10.4 (1/111 en Business and Finance, Q1).

Otros artículos, no JCR

  1. Lafuente, J.A. y J. Ruiz 2004, "The New Market effect on return and volatility of Spanish stock sector indexes", Applied Financial Economics, 14, pp. 1343-1350.
  2. Ruiz, J. 2002, "Una Nota Metodológica acerca de Aplicaciones del Filtro de Kalman a las Calibraciones en Modelos de Ciclo Real", Investigaciones Económicas, vol. XXVI(1), pp. 35-57. In-Recs 2002: índice de impacto 0.680, posición 1/110, Q1
  3. Manzano, B. y J. Ruiz 2004, Política fiscal óptima: el estado de la cuestión, Investigaciones Económicas, vol. XXVIII, pp. 5-41. In-Recs 2004: índice de impacto 0.146, posición 14/115, Q1
  4. Fernández, E., R. Pérez y J. Ruiz, 2006, "Crecimiento económico, política fiscal y medio ambiente", en Diseño y Evaluación de Políticas de Protección Ambiental, ICE, CUADERNOS ECONÓMICOS, 71, Junio 2006, 133-152. In-Recs 2006: 0.068, 28/124, Q2
  5. Fernández, E., R. Pérez and J. Ruiz, 2012, "Análisis dinámico del impacto de los shocks en el precio del petróleo sobre el empleo por sectores productivos", Economía Industrial, 384, págs. 85-98. In-Recs
  6. Martín-Moreno, J.M., R. Pérez y J. Ruiz (2014), "Disentangling effects of supply and demand shocks: a DSGE model for the Spanish economy", Procedia Economics and Finance, 14, pp. 407-414, International Conference on Applied Economics.
 

2. Research Interests

  • Dynamic Macroeconomics.
  • Endogenous Growth Models.
  • Optimal Fiscal Policy.
  • Environmental and Resource Economics.
  • Financial Economics

 

 

2. Proyectos de Investigación (por completar)

    • Título del proyecto:"Aprendizaje, hábitat de consumo y anomalía de la prima forward en los mercados cambiarios". Entidad: Fundación Ramón Areces. Duración: 2 años.Investigador responsable: Jesús Ruiz.
    • Título del proyecto: "EFECTOS MACROECONÓMICOS Y FINANCIEROS DE LA POLÍTICA MONETARIA Y VALORACIÓN DEL RIESGO EN LOS MERCADOS DE ACTIVOS" (ECO2009-10398)
      Entidad: DGICYT 
      Proyecto de investigación: ECO2009-10398
      Duración: Diciembre 2009-Diciembre 2011
      Investigador responsable: Alfonso Novales Cinca
    • Título del proyecto: "OPTIMALIDAD DE LA POLÍTICA FISCAL Y MONETARIA: I. ANÁLISIS TEÓRICO; II. IMPACTO SOBRE LOS MERCADOS FINANCIEROS" (SEJ2006-14354/ECON)
      Entidad: DGICYT 
      Proyecto de investigación:SEJ2006-14354/ECON
      Duración: Septiembre de 2007 hasta Septiembre de 2009
      Investigador responsable: Alfonso Novales Cinca
    • Título del proyecto: ANÁLISIS DEL RIESGO EN MERCADOS DE RENTA FIJA: EVIDENCIA EMPÍRICA Y CARACTERIZACIÓN TEÓRICA
      Entidad: DGICYT 
      Proyecto de investigación: BEC2003-03965
      Duración: Enero de 2004 hasta Diciembre de 2007 
      Investigador responsable: Alfonso Novales Cinca
    • Título del proyecto: "Coordinación óptima de política fiscal y política monetaria: implicaciones cíclicas y efectos sobre el crecimiento a largo plazo", Entidad: Comisión Interministerial de Ciencia y Tecnología. Proyecto de Investigación: DGICYT PB98-0831. Cursos 1999-2002. Investigador responsable: Alfonso Novales Cinca
    • Título del proyecto:"Políticas Públicas Medioambientales en el ámbito de la Unión Europea: aspectos teóricos y evidencia empírica". Entidad: Fundación Ramón Areces. Investigador responsable: Luis Puch.

Publicaciones en 2019-2024

  • Martín-Moreno, J.M., R. Pérez and J. Ruiz (2019), "Evidence about Asymmetric Price Transmission in the main European Fuel Markets: From TAR-ECM to Markov-Switching approach", Empirical Economics, 56(4), 1383-1412.
  • Lafuente, J.A., N. Petit, J. Ruiz and P. Serrano (2020), "Dissecting Interbank Risk using Basis Swap Spreads» World Economy , 3, pp. 729-757.
  • Conde-Ruiz, I., M. García, L. Puch and J. Ruiz (2019), "Calendar effects in daily aggregate employment creation and destruction in Spain", SERIEs (Journal of the Spanish Economic Association), 10, pages 25–63.
  • Martín-Moreno, J.M., R. Pérez and J. Ruiz (2019), "Rockets and feathers behavior in the Spanish gasoline and diesel market: New evidence", Bulletin of Economic Research, 

    Volume71, Issue4 (

    October 2019), 

    Pages 657-683

    .
  • Blázquez, J., J.M. Martín-Moreno, R. Pérez and J. Ruiz (2021), "Optimal taxes on fossil fuels and carbon emissions: a general equilibrium model for the Spanish economy", Economics of Energy & Environmental Policy, forthcoming.
  • Campos, L. and J. Ruiz (2022), "Common and idiosyncratic components of Latin American business cycles connectedness", Journal of Applied Economics, forthcoming.
  • Lafuente, J.A., M. Monfort, R. Pérez and J. Ruiz (2022), "Disentangling Permanent and Transitory Monetary Shocks with a Nonlinear Taylor Rule", Economics, forthcoming.
  • Guinea, L., L. Puch, and J. Ruiz (2022), "News-driven housing booms: Spain vs. Germany", The B.E. Journal of Macroeconomics, ID: DGBEJM.2021.0116.R2 
  • Martín-Moreno, J.M., R. Pérez and J. Ruiz (2023), "Mid-term policy considerations of the EU green deal", Energy Strategy Reviews,  Vol 50, 2023, 101239, 1-12, JCR:8.2, (27/119 en Energy and Fuels, Q1).
  • Guinea, L., L. Puch, and J. Ruiz (2024), "Energy news shocks and their propagation to renewable and fossil fuels use", Energy Economics, In press, https://doi.org/10.1016/j.eneco.2023.107289, JCR: 12.8 (2/380 en economics, Q1).
  • Guinea, L., Pérez, R. and J. Ruiz (2024), "Asymmetric effects of financial volatility and volatility of volatility shocks on the energy mix", Financial Research Letters, JCR: 10.4 (1/111 en Business and Finance, Q1).

Artículos en linea


DOCENCIA

Archivos descargables de las diferentes asignaturas que imparto:


Macroeconomía Avanzada (2017-18) (por completar)


Econometría Aplicada. Itinerario Economía Monetaria y Financiera