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Vicente Esteve

Professor of Economics

Departamento de Estructura Económica

Facultad de Economía

Edificio Departamental Oriental (Office: 4E06)

Universidad de Valencia

Avda dels Tarongers, s/n

46022 Valencia (Spain)

Phone: +34 963 828 358; +34 963 828 349


Social Links:

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Professor of Economics at Universidad de Valencia. Postdoctoral Fellowship from 1992 to 1993, University of Montreal. Ph.D. in Economics in 1992, Universidad de  Valencia. M.A. in Economics in 1989, Universidad de Valencia. B.A. in Economics in 1985, Universidad de Valencia. Research Associate at the Valencian Federation of Saving Banks from 1989 to 1993. Visiting Researcher, University of Montreal, 1995. Visiting Researcher, Fundación de Estudios de Economía Aplicada (FEDEA), 1996. 


Director of the Fundación ICO-Cabildo de Tenerife Chair in International Economics and Finance, Universidad de La Laguna, from 2010 to 2011. Director of the Cabildo de Tenerife-CajaCanarias Chair in International Economics and Finance, Universidad de La Laguna, 2012, and Deputy Director of the Fundación CajaCanarias Chair in International Economics and Finance, Universidad de La Laguna, 2014-2015.

Coordinator of Scholarship Program for Teacher Training University (Grants FPU, Economics Area) from the Ministry of Science, Innovation and Universities, Government of Spain, from 2012 to 2015. External assessor of the Insight Grants Program from Social Sciences and Humanities Research Council of Canada (SSHRC), Government of Canada in 2013.

His research interests are in the areas of International Finance, Applied Macroeconometrics, Cliometrics, and Macroeconomic Aspects of Public Finance.

He has published extensively in academic journals (Journal of Macroeconomics, Economic Letters, Journal of Policy Modeling, Economic Modelling, Energy Economics, Cliometrica, North American Journal of Economics and Finance, Structural Change and Economic Dynamics, among others).

His current research focuses on stability of the New Keynesian hybrid Phillips curve, on optimal public deficit and tax-smoothing, on credit and economic growth, and on explosive behavior in the net foreign assets and external solvency.

He is a research affiliate of the INTECO UV-UJI joint research unit and Prometeo program grants for research groups of excellence of Generalitat Valenciana

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Latest Scientific Article

Cointegration with structural changes and classical model of inflation in Spain, 1830–1998

(with Emilio Congregado)

Structural Change and Economic Dynamics, 2022, Vol. 60, Issue 2, 376-388

In this article, we test a classical model of inflation with rational expectations for the case of Spain during the period 1830–1998. The principal testable implication is that money growth and inflation are cointegrated ruling out speculative bubbles. First, to detect episodes of potential explosive behaviour in the Spanish inflation rate, we use the recursive unit root tests for explosiveness recently proposed by Phillips et al. (2011), and Phillips et al. (2015a, 2015b). Second, we consider the possibility that a linear cointegrated regression model with multiple structural changes would provide a good empirical description of the classical model of inflation for Spain over this long period. Our methodology is based on the instability tests recently proposed in Kejriwal and Perron (2008, 2010) as well as the cointegration tests developed in Arai and Kurozumi (2007) and Kejriwal (2008). 


From My Blog (Viaje al Fondo de las Finanzas Internacionales)

Latest Post:
¿Es coherente la política de tipos de interés de la Reserva Federal de EE.UU. con la regla de política monetaria de Taylor?, 1954-2022

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