Persona:
Martín Román, Javier

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Martín Román
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Javier
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2023 - 20243
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search.filters.applied.f.accessLevel: info:eu-repo/semantics/openAccess × search.filters.applied.f.itemDepartamento: Economía Aplicada y Gestión Pública ×

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Mostrando 1 - 3 de 3
  • Miniatura
    Publicación
    Unemployment Shocks and Material Deprivation in the European Union: A Synthetic Control Approach
    (Elsevier, 2023) Ayala Cañón, Luis; Martín Román, Javier; Navarro Ruiz, Carolina
    This paper analyzes how material deprivation responds to drastic changes in unemployment levels. We explore unemployment shocks registered in some European Union countries during the so-called Great Recession. To do so, we apply the synthetic control methodology, which has been rarely used in the field of distributive analyses. We use this approach to identify the impact of unemployment shocks on material deprivation and conduct different sensitivity analyses to test the results. We find that contrary to the traditional assumption of the low sensitivity of material deprivation measures to changes in the economic cycle, unemployment shocks have a significant and rapid impact on material deprivation. This conclusion holds even when extending the period of analysis, changing the indicator of material deprivation, or modifying the definition of unemployment shock.
  • Miniatura
    Publicación
    Fiscal rules to the test: The impact of the Spanish expenditure rule
    (Elsevier, 2024) Moral Arce, Ignacio; Herrero Alcalde, Ana; Martín Román, Javier
    Despite the large spread of fiscal rules around the world, there is still not enough evidence of their effectiveness in ensuring fiscal sustainability. Furthermore, there is little evidence of the impact of expenditure rules in countries’ fiscal performance. This paper evaluates the effectiveness of the Spanish expenditure rule that has been in force since 2012 in controlling the growth of public expenditure. We use a synthetic control methodology to analyze the impact of the rule on the evolution of current and primary expenditure within Spanish public administrations (2001–2018), avoiding the potential endogeneity problems of traditional econometric approaches. Overall, we find that the expenditure rule has largely improved budget sustainability by limiting both current and primary expenditure. These results are robust to different levels of government.
  • Miniatura
    Publicación
    Fiscal rules to the test: The impact of the Spanish expenditure rule
    (Elsevier, 2024) Moral Arce, Ignacio; Herrero Alcalde, Ana; Martín Román, Javier
    Despite the large spread of fiscal rules around the world, there is still not enough evidence of their effectiveness in ensuring fiscal sustainability. Furthermore, there is little evidence of the impact of expenditure rules in countries’ fiscal performance. This paper evaluates the effectiveness of the Spanish expenditure rule that has been in force since 2012 in controlling the growth of public expenditure. We use a synthetic control methodology to analyze the impact of the rule on the evolution of current and primary expenditure within Spanish public administrations (2001–2018), avoiding the potential endogeneity problems of traditional econometric approaches. Overall, we find that the expenditure rule has largely improved budget sustainability by limiting both current and primary expenditure. These results are robust to different levels of government.