Máximo Camacho
YOU?
Author Swipe
View article: An inquiry into the drivers of an entrepreneurial economy: A Bayesian clustering approach
An inquiry into the drivers of an entrepreneurial economy: A Bayesian clustering approach Open
Understanding the worldwide drivers of qualified entrepreneurship is a key issue in economic policy design. To help policy decisions exert their intended impact, we aim to cluster a wide range of countries on the basis of their levels and …
View article: A New Approach to Forecasting the Probability of Recessions after the COVID‐19 Pandemic*
A New Approach to Forecasting the Probability of Recessions after the COVID‐19 Pandemic* Open
Standard recession forecasting based on economic indicators has become unsettled due to COVID‐19 pandemic's limited but influential data. This paper proposes a new non‐parametric approach to computing predictive probabilities of future rec…
View article: Quantifying the impact: Are coastal areas impoverished by marine pollution?
Quantifying the impact: Are coastal areas impoverished by marine pollution? Open
We propose a methodological framework to assess the causal impact of Harmful Algal Bloom (HAB) events on economic indicators at a territorial level, with special consideration for spatial effects. Using the Mar Menor region in Spain as a c…
View article: An inquiry into the drivers of an entrepreneurial economy: A Bayesian clustering approach
An inquiry into the drivers of an entrepreneurial economy: A Bayesian clustering approach Open
Understanding the worldwide drivers of qualified entrepreneurship is a key issue in economic policy design. To help policy decisions exert their intended impact, we aim to cluster a wide range of countries on the basis of their levels and …
View article: Quantifying the Impact: Are Coastal Areas Impoverished by Marine Pollution?
Quantifying the Impact: Are Coastal Areas Impoverished by Marine Pollution? Open
View article: Commodity Prices and the Business Cycle in Latin America: Living and Dying by Commodities?
Commodity Prices and the Business Cycle in Latin America: Living and Dying by Commodities? Open
View article: What drives industrial energy prices?
What drives industrial energy prices? Open
View article: An Automatic Algorithm to Date the Reference Cycle of the Spanish Economy
An Automatic Algorithm to Date the Reference Cycle of the Spanish Economy Open
This paper provides an accurate chronology of the Spanish reference business cycle adapting a multiple change-point model. In that approach, each combination of peaks and troughs dated in a set of economic indicators is assumed to be a rea…
View article: The Propagation of Industrial Business Cycles
The Propagation of Industrial Business Cycles Open
This paper examines the business cycle linkages that propagate industry-specific business cycle shocks throughout the economy in a way that (sometimes) generates aggregated cycles. The transmission of sectoral business cycles is modelled t…
View article: Price and Spatial Distribution of Office Rental in Madrid: A Decision Tree Analysis
Price and Spatial Distribution of Office Rental in Madrid: A Decision Tree Analysis Open
In this paper, we assess the drivers of office rental prices in the municipality of Madrid with a sample of 4,721 offices in March, 2020. The estimation was performed using the decision tree approach, which was built with a random forest a…
View article: Editorial
Editorial Open
In 2020, the world was suddenly hit by the most severe global pandemic in a century due to the coronavirus disease (COVID-19), first detected in late 2019. Beyond the health and human tragedy of the disease, the pandemic triggered the most…
View article: An Automatic Algorithm to Date the Reference Cycle of the Spanish Economy
An Automatic Algorithm to Date the Reference Cycle of the Spanish Economy Open
View article: A New Approach to Dating the Reference Cycle
A New Approach to Dating the Reference Cycle Open
This article proposes a new approach to the analysis of the reference cycle turning points, defined on the basis of the specific turning points of a broad set of coincident economic indicators. Each individual pair of specific peaks and tr…
View article: Symbolic transfer entropy test for causality in longitudinal data
Symbolic transfer entropy test for causality in longitudinal data Open
View article: Spillover Effects in International Business Cycles
Spillover Effects in International Business Cycles Open
View article: A New Approach to Dating the Reference Cycle
A New Approach to Dating the Reference Cycle Open
Abstract–This article proposes a new approach to the analysis of the reference cycle turning points, defined on the basis of the specific turning points of a broad set of coincident economic indicators. Each individual pair of speci…
View article: Spillover Effects in International Business Cycles
Spillover Effects in International Business Cycles Open
View article: A new approach to dating the reference cycle*
A new approach to dating the reference cycle* Open
This paper proposes a new approach to the analysis of the reference cycle turning points, defined on the basis of the specific turning points of a broad set of coincident economic indicators. Each individual pair of specific peaks and trou…
View article: Regional Business Cycle Phases in Spain
Regional Business Cycle Phases in Spain Open
We characterize regional business cycles for Spain using monthly Social Security affiliations. Based on a set of Markov-switching models, we find substantial synchronization of regional business cycles, which has increased since the Great …
View article: A New Approach to Dating the Reference Cycle
A New Approach to Dating the Reference Cycle Open
View article: Do economic recessions cause inequality to rise?
Do economic recessions cause inequality to rise? Open
We use a local projection approach to analyze the effect of economic recessions on income inequality in a comprehensive sample of 43 countries from 1960 to 2016. Although we consider both business-cycle and growth-cycle recessions, we fail…
View article: Symbolic transfer entropy test for causality in longitudinal data
Symbolic transfer entropy test for causality in longitudinal data Open
In this paper, we use multiple-unit symbolic dynamics and the concept of transfer entropy to\n\t\t\t\t develop a non-parametric Granger causality test procedure for longitudinal data. Monte Carlo\n\t\t\t\t simulations show that our test di…
View article: Inducing non-orthogonal and non-linear decision boundaries in decision trees via interactive basis functions
Inducing non-orthogonal and non-linear decision boundaries in decision trees via interactive basis functions Open
View article: Markov-switching dynamic factor models in real time
Markov-switching dynamic factor models in real time Open
View article: Plasticity in leader–follower roles in human teams
Plasticity in leader–follower roles in human teams Open
View article: Inference on Filtered and Smoothed Probabilities in Markov-Switching Autoregressive Models
Inference on Filtered and Smoothed Probabilities in Markov-Switching Autoregressive Models Open
We derive a statistical theory that provides useful asymptotic approximations to the distributions of the single inferences of filtered and smoothed probabilities, derived from time series characterized by Markov-switching dynamics. We sho…
View article: Country shocks, monetary policy expectations and ECB decisions. A dynamic non-linear approach
Country shocks, monetary policy expectations and ECB decisions. A dynamic non-linear approach Open
Previous studies have shown that the effectiveness of monetary policy largely depends on market expectations about future policy actions. This paper proposes an econometric framework to address the effect of the current state of the econom…
View article: Monitoring the World Business Cycle
Monitoring the World Business Cycle Open
View article: Country Shocks, Monetary Policy Expectations and ECB Decisions. A Dynamic Non-Linear Approach
Country Shocks, Monetary Policy Expectations and ECB Decisions. A Dynamic Non-Linear Approach Open
View article: Monitoring the World Business Cycle
Monitoring the World Business Cycle Open
We propose a Markov-switching dynamic factor model to construct an index of global business cycle conditions, to perform short-term forecasts of world GDP quarterly growth in real time and to compute real-time business cycle probabilities.…