Prof. Dr. Javier J. Pérez García

Dept. of Economic Analysis and Forecasting

Bank of Spain

Calle Alcalá 48, 28014 Madrid, Spain

Papers published in journals with JCR impact factor:

A toolkit to strengthen government budget surveillance
Pedregal, D. J., Pérez, J.J., Sánchez, A.J. Hacienda Pública Española, in press (2015).
Risk factors and the maturity of subnational debt: an empirical investigation for the case of Spain
Pérez, J.J., Prieto, R. Public Finance Review, in press (2015).
Fiscal policy analysis in the euro area: expanding the toolkit
Paredes, J., Pedregal, D.J., Pérez, J.J. Journal of Policy Modeling, Vol. 36, pp. 800-823 (2014).
Institutional determinants of public-private sector wages’ linkages
Lamo, A., Pérez, J.J., Sánchez, A.J. Applied Economics Letters, Vol. 20, pp. 1165–1169 (2013).
Fiscal forecast errors: governments versus independent agencies?
Merola, R., Pérez, J.J. European Journal of Political Economy, Vol. 23, pp. 285-299 (2013).
Fiscal data revisions in Europe
Francisco de Castro, Javier J., Pérez, Marta Rodríguez. Journal of Money, Credit and Banking, Vol. 45, Nº 6, pp. 1187-1209. (2013).
Are government wages interlinked with private sector wages?
Lamo, A., Pérez, J.J., Schuknecht, L. Journal of Policy Modeling, Vol. 35, Nº 5, pp. 697–712. (2013).
The cyclicality of consumption, wages and employment of the public sector in the euro area
Lamo, A., Pérez, J.J., Schuknecht, L. Applied Economics, Vol. 45, pp. 1551-1569 (2013).
Public or private sector wage leadership? An international perspective
Lamo, A., Pérez, J.J., Schuknecht, L. Scandinavian Journal of Economics, Vol. 114, Nº 1, pp. 228-244 (2012).
Public and private sector wages interactions in a general equilibrium model
Fernández-de-Córdoba, G., Pérez, J.J., Torres, J.L. Public Choice, Vol. 150, pp. 309-326 (2012).
On the substitutability between public and private employment
Fernández-de-Córdoba, G., Pérez, J.J., Torres, J.L. Economics Bulletin, Vol. 32, pp. 2700-2709 (2012).
Monitoring sub-central government spending in Spain
Fernández-Caballero, L., Pedregal, D.J., Pérez, J.J. Hacienda Pública Española, Vol. 202, pp. 77-104 (2012).
Is there a signalling role for public wages? Evidence for the euro area based on macro data
Pérez, J.J., Sánchez, A.J. Empirical Economics, Vol. 41, pp.421-445 (2011).
Short-term monitoring of the Spanish government balance
Leal, T., Pedregal, D.J., Perez, J.J. Series-Journal of the Spanish Economic Association, Vol. 2, Nº 1, pp. 97-119 (2011).
Fiscal policy shocks in the euro area and the US: an empirical assessment
Burriel, P., de Castro, F., Garrote, D., Gordo, E., Paredes, J., Pérez, J.J. Fiscal Studies, Vol. 31, pp. 251-285 (2010).
Should quarterly government finance statistics be used for fiscal surveillance in Europe?
Pedregal, D.J., Perez, J.J. International Journal of Forecasting, Vol. 26, Nº 4, pp. 794-807 (2010).
The usefulness of infra-annual government cash budgetary data for fiscal forecasting in the euro area
Onorante, L., Pedregal, D.J., Perez, J.J., Signorini, S. Journal of Policy Modeling, Vol. 32, Nº 1, pp. 98-119 (2010).
The trade-off between debt reduction and automatic stabilisation
Hiebert, P., Pérez, J.J., Rostagno, M. Economic Modelling, Vol. 26, pp. 464-472 (2009).
Alternatives to initialize the Parameterised Expectations Algorithm
Pérez, J.J., Sánchez, A.J. Economics Letters, Vol. 102, pp. 116-118 (2009).
Un sistema ARIMA con agregación temporal para la previsión y el seguimiento del déficit del Estado
Leal, T., Pérez, J.J. Hacienda Pública Española, Vol. 190, pp. 27-58 (2009).
Fiscal forecasting: lessons from the literature and challenges
Leal, T., Pérez, J.J., Tujula, M., Vidal, J.P. Fiscal Studies, Vol. 29, pp. 347-386 (2008).
Economic analysis of the Spanish port sector reform during the 1990s
Castillo-Manzano, J.I., Lopez-Valpuesta, L., Pérez, J.J. Transportation Research A: Policy and Practice, Vol. 42, Nº 8, pp. 1056-1063 (2008).
Leading indicators for euro area government deficits
Pérez, J.J. International Journal of Forecasting, Vol. 23, pp. 259-275 (2007).
Robust stylized facts on co-movement for the Spanish economy
André, F.J., Pérez, J.J. Applied Economics, Vol. 37, pp. 453-462 (2005).
Identifying endogenous fiscal policy rules for macroeconomic models
Pérez, J.J., Hiebert, P. Journal of Policy Modeling, Vol. 26, pp. 1073-1089 (2004).
A log-linear homotopy approach to initialize the Parameterized Expectations
Pérez, J.J. Computational Economics, Vol. 24, pp. 59-75 (2004).
Is it worth refining linear approximations to non-linear rational expectations models?
Novales, A., Pérez, J.J. Computational Economics, Vol. 23, pp. 343-377 (2004).
Computing white stylised facts on co-movement
André, F.J., Martín, R., Pérez, J.J. Economics Letters, Vol. 76, pp. 65-71 (2002).

Others selected publications:

El impacto de los salarios y el empleo público. Una perspectiva macroeconómica.
Hernández de Cos, P., Pérez, J.J. Presupuesto y Gasto Público, forthcoming.
El empleo de las Administraciones Públicas en España: caracterización y evolución durante la crisis.
Montesinos, A., Pérez, J.J, Ramos, R. Banco de España Occasional Paper, nº 1402.
El seguimiento en tiempo real de los presupuestos autonómicos y locales.
Hernández de Cos, P., Pérez, J.J. Presupuesto y Gasto Público, 77, pp. 101-112.
Reglas fiscales, disciplina presupuestaria y corresponsabilidad fiscal.
Hernández de Cos, P., Pérez, J.J. Papeles de Economía Española, 143.
Sub-national public debt in Spain: political economy issues and the role of fiscal rules and decentralization.
Hernández de Cos, P., Pérez. J.J. pp. 188-216 in “Fiscal relations across government levels in times of crisis – making compatible fiscal decentralization and budgetary discipline”, European Commission Economics Papers, 501. Brussels, 2013.
Developments in Spanish Public Debt since the start of the crisis.
Gordo, L. Hernández de Cos, P. Pérez, J.J. Economic Bulletin, Bank of Spain, July 2013.
The new budgetary stability law.
Hernández de Cos, P., Pérez, J.J. Economic Bulletin, Bank of Spain, April 2013.
Crowding-in or crowding-out? Employment in the public and the private sector in the OECD.
Lamo, A., Pérez, J.J., Sánchez, A.J. Chapter 8 in A. Mukherjee (Ed.), Wages and Employment: Economics, Structure and Gender Differences, Nova Publishers, New York, 2013.
The PEA-toolbox, a Matlab model-independent implementation of the Parameterized Expectations
Pérez, J.J., Sánchez, A.J. In William D. Nelson (Ed.), Advances in Business and Management, volume 3, chapter 9, pp. 177-196, Nova Publishers, New York, January 2012.
Fiscal multipliers in the euro area
Burriel, de Castro, Garrote, Gordo, Paredes, JJ Pérez. pp. 519-534 in Fiscal Policy: Lessons from the Crisis, D. Franco (Ed.), 2011. Ed. Banca d'Italia, Italy.
Análisis de las desviaciones presupuestarias aplicado al caso del presupuesto del Estado
Leal, T., Pérez, J.J. Estudios de Economía Aplicada, 29, pp. 901-915 (2011)
La política fiscal discrecional en tiempos de crisis
de Castro, F., Gordo, E., Pérez, J.J. Presupuesto y Gasto Público, 59, pp. 83-103 (2010)
Monitorización de objetivos fiscales anuales: una aplicación con datos regionales
Leal, T., Pérez, J.J. Investigaciones Regionales, 7, pp. 53-67 (2005)
Análisis dinámico de la relación entre ciclo económico y ciclo del desempleo: una aplicación regional
Pérez, J.J., Rodríguez, J., Usabiaga, C. Investigaciones Regionales, 1, pp. 141-162 (2003)
Optimal debt under a deficit constraint
Rostagno, M., Hiebert, P., Pérez, J.J. Chapter 13 The Stability and Growth Pact. The Architecture of Fiscal Policy in EMU, A. Brunila, M. Buti and D. Franco (Eds.), 2001. Palgrave Publisher.
Designing model-based fiscal policy rules
Hiebert, P., Pérez, J.J. Chapter 4 in Fiscal rules, F. Balassone, D. Franco (Eds.), 2001. Ed. Banca d'Italia, Rome, Italy.
Solving nonlinear rational expectations models by eigenvalue-eigenvector decompositions
Novales, A., Domínguez, E., Ruiz, J., Pérez, J.J. Chapter 4 in Computational Methods for the Study of Dynamic Economies, R. Marimón, A. Scott (Eds.), 1999. Oxford University Press, UK.