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James S. Costain

Banco de España - Research Department

Alcala 50

28014 Madrid

Spain

SCHOLARLY PAPERS

24

DOWNLOADS
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Top 37,888

in Total Papers Downloads

3,330

TOTAL CITATIONS
Rank 1,719

SSRN RANKINGS

Top 1,719

in Total Papers Citations

778

Scholarly Papers (24)

The Term Structure of Interest Rates in a Heterogeneous Monetary Union

Banco de Espana Working Paper No. 2223
Number of pages: 60 Posted: 11 Jul 2022
James S. Costain, Galo Nuño and Carlos Thomas
Banco de España - Research Department, Banco de España and Banco de España
Downloads 307 (245,426)
Citation 8

Abstract:

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sovereign default, quantitative easing, yield curve, affine model, COVID-19 crisis, ECB, pandemic emergency purchase programme

The Term Structure of Interest Rates in a Heterogeneous Monetary Union

CESifo Working Paper No. 9844
Number of pages: 66 Posted: 25 Jul 2022
James S. Costain, Galo Nuño and Carlos Thomas
Banco de España - Research Department, Banco de España and Banco de España
Downloads 93 (732,131)
Citation 3

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sovereign default, quantitative easing, yield curve, affine model, Covid-19 crisis, ECB, pandemic emergency purchase programme

2.

Employment Fluctuations in a Dual Labor Market

Banco de Espana Working Paper No. 1013
Number of pages: 67 Posted: 23 Apr 2010
James S. Costain, Juan F. Jimeno and Carlos Thomas
Banco de España - Research Department, Banco de España - Research Department and Banco de España
Downloads 308 (245,173)
Citation 84

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Firing Costs, Temporary Jobs, Unemployment Volatility, Matching Model, Endogenous Separation

3.

Business Cycles, Unemployment Insurance, and Calibration of Matching Models

Number of pages: 32 Posted: 30 Sep 2003
James S. Costain and Michael Reiter
Banco de España - Research Department and Institute for Advanced Studies (IHS)
Downloads 256 (297,664)
Citation 11

Abstract:

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real business cycles, matching function, unemployment insurance

4.

Unemployment Insurance with Endogenous Search Intensity and Precautionary Saving

Universitat Pompeu Fabra Economics WP No. 243
Number of pages: 69 Posted: 07 Jul 1998
James S. Costain
Banco de España - Research Department
Downloads 255 (298,892)
Citation 13

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Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications

National Bank of Belgium Working Paper No. 164
Number of pages: 57 Posted: 29 Sep 2010
European Central Bank (ECB), Banco de España - Research Department, National Bank of BelgiumFacultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, European Central Bank (ECB), Bank of England and Banque Centrale du Luxembourg
Downloads 161 (463,831)
Citation 62

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Inflation Dynamics, Labour Market, Business Cycle, Real Rigidities

Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications

FRB of Philadelphia Working Paper No. 09-6, Bank of England Working Paper No. 375
Number of pages: 53 Posted: 25 Mar 2009
European Central Bank (ECB), Banco de España - Research Department, affiliation not provided to SSRN, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, European Central Bank (ECB), Bank of England and Banque Centrale du Luxembourg
Downloads 79 (819,435)
Citation 60

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inflation dynamics, labour market, business cycle, real rigidities

Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications

ECB Working Paper No. 1053
Posted: 04 Mar 2010
European Central Bank (ECB), Banco de España - Research Department, National Bank of BelgiumFacultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, European Central Bank (ECB), Bank of England and Banque Centrale du Luxembourg

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Inflation Dynamics, Labour Market, Business Cycle, Real Rigidities

6.

Macroprudential Theory: Advances and Challenges

Banco de Espana Occasional Paper No. 1604
Number of pages: 26 Posted: 31 Mar 2016
Henrique S. Basso and James S. Costain
Banco de España and Banco de España - Research Department
Downloads 165 (454,356)
Citation 44

Abstract:

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banks, financial stability, financial regulation, macroeconomic policy

7.
Downloads 150 (494,203)
Citation 51

Logit Price Dynamics

Banco de Espana Working Paper No. 1301
Number of pages: 55 Posted: 06 Feb 2013
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)CEPR
Downloads 88 (761,092)
Citation 50

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nominal rigidity, logit equilibrium, state-dependent pricing, near rationality, information-constrained pricing

Logit Price Dynamics

ECB Working Paper No. 1693
Number of pages: 51 Posted: 16 Jul 2014
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)CEPR
Downloads 62 (957,329)
Citation 1

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nominal rigidity, logit equilibrium, state-dependent pricing, near rationality, information-constrained pricing

Employment Fluctuations with Downward Wage Rigidity: The Role of Moral Hazard

Banco de Espana Research Paper No. 0632
Number of pages: 46 Posted: 30 Nov 2006
James S. Costain and Marcel Jansen
Banco de España - Research Department and Charles III University of Madrid - Department of Economics
Downloads 77 (833,655)
Citation 2

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Job matching, wage rigidity, efficiency wages, contractual fragility

Employment Fluctuations with Downward Wage Rigidity: The Role of Moral Hazard

IZA Discussion Paper No. 4344
Number of pages: 45 Posted: 18 Aug 2009 Last Revised: 17 Nov 2021
James S. Costain and Marcel Jansen
Banco de España - Research Department and Charles III University of Madrid - Department of Economics
Downloads 62 (957,329)

Abstract:

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endogenous separation, efficiency wages, shirking, job matching, contractual fragility

9.

A Simple Model of Multiple Equilibria Based on Risk

Universitat Pompeu Fabra, Economics Working Paper No. 407
Number of pages: 53 Posted: 27 Mar 2000
James S. Costain
Banco de España - Research Department
Downloads 137 (534,155)

Abstract:

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multiple equilibria, imperfect insurance, matching,

10.

Models of Price Setting and Inflation Dynamics

Banco de Espana Occasional Paper No. 2416
Number of pages: 42 Posted: 22 May 2024
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)CEPR
Downloads 134 (544,251)
Citation 1

Abstract:

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sticky prices, nominal rigidities, state-dependent prices, inflation, menu costs, control costs, rational inattention

11.

Stabilization Versus Insurance: Welfare Effects of Procyclical Taxation Under Incomplete Markets

Universitat Pompeu Fabra Economics Working Paper No. 890
Number of pages: 51 Posted: 13 Dec 2006
James S. Costain and Michael Reiter
Banco de España - Research Department and Institute for Advanced Studies (IHS)
Downloads 116 (613,149)
Citation 11

Abstract:

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Real business cycles, matching, precautionary saving, unemployment insurance, fiscal policy, incomplete markets, heterogeneity, computation

12.
Downloads 115 (617,542)
Citation 49

Precautionary Price Stickiness

ECB Working Paper No. 1375
Number of pages: 46 Posted: 25 Aug 2011
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)CEPR
Downloads 63 (947,975)
Citation 1

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Logit equilibrium, state-dependent pricing, (S,s) adjustment, near rationality, information-constrained pricing

Precautionary Price Stickiness

Banco de Espana Working Paper No. 1122
Number of pages: 42 Posted: 30 Jul 2013
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)CEPR
Downloads 45 (1,144,483)
Citation 48

Abstract:

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nominal rigidity, logit equilibrium, state-dependent pricing, (S,s) adjustment, near-rational behavior

Precautionary Price Stickiness

CEPR Discussion Paper No. DP9912
Number of pages: 41 Posted: 02 Jun 2014
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)CEPR
Downloads 7 (1,628,763)
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(S,s), adjustment, logit equilibrium, near-rational behavior, Nominal rigidity, state-dependent pricing

13.

Wage, Inflation and Employment Dynamics with Labour Market Matching

Banco de Espana Working Paper No. 0918
Number of pages: 47 Posted: 26 Aug 2009
European Central Bank (ECB), Banco de España - Research Department, National Bank of BelgiumFacultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, European Central Bank (ECB), Bank of England and Banque Centrale du Luxembourg
Downloads 105 (664,543)
Citation 40

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inflation dynamics, labour market, business cycle, real rigidities

Distributional Dynamics Under Smoothly State-dependent Pricing

ECB Working Paper No. 1333
Number of pages: 46 Posted: 25 Apr 2011
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)CEPR
Downloads 52 (1,060,784)

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Nominal rigidity, state-dependent pricing, menu costs, heterogeneity, Taylor rule

Distributional Dynamics Under Smoothly State-Dependent Pricing

FEDS Working Paper No. 2011-50
Number of pages: 52 Posted: 17 Nov 2011
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)CEPR
Downloads 51 (1,072,374)
Citation 15

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Nominal rigidity, state-dependent pricing, menu costs, heterogeneity, Taylor rule

Fiscal Delegation in a Monetary Union with Decentralized Public Spending

CESifo Working Paper Series No. 5775
Number of pages: 41 Posted: 22 Mar 2016
Henrique S. Basso and James S. Costain
Banco de España and Banco de España - Research Department
Downloads 51 (1,072,374)
Citation 1

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fiscal authority, delegation, decentralization, monetary union, sovereign debt

Fiscal Delegation in a Monetary Union with Decentralized Public Spending

Banco de Espana Working Paper No. 1311
Number of pages: 63 Posted: 06 Sep 2013
Henrique S. Basso and James S. Costain
Banco de España and Banco de España - Research Department
Downloads 46 (1,131,842)
Citation 51

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fiscal authority, delegation, decentralization, monetary union, sovereign debt

16.

Dynamics of the Price Distribution in a General Model of State-Dependent Pricing

Banco de Espana Working Paper No. 0831
Number of pages: 46 Posted: 15 Jan 2009
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)CEPR
Downloads 91 (736,406)
Citation 34

Abstract:

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price stickiness, state-dependent pricing, stochastic menu costs, generalized (S,s), heterogeneous agents, distributional dynamics

17.

A Herding Perspective on Global Games and Multiplicity

Universidad Carlos III de Madrid Economics Working Paper No. 3-29 (08)
Number of pages: 41 Posted: 13 Dec 2006
James S. Costain
Banco de España - Research Department
Downloads 87 (759,537)
Citation 8

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Herding, information cascades, multiplicity, uniqueness, heterogeneity, strategic complementarities, global games, adaptive learning, stochastic recursive algorithms

18.

Smoothing Shocks and Balancing Budgets in a Currency Union

Banco de Espana Working Paper No. 1207
Number of pages: 56 Posted: 26 Jan 2012
James S. Costain and Beatriz de Blas
Banco de España - Research Department and Universidad Autónoma de Madrid
Downloads 85 (771,553)
Citation 53

Abstract:

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Fiscal authority, public wages, sovereign debt, monetary union

19.

Costly Decisions and Sequential Bargaining

Banco de Espana Working Paper No. 1729
Number of pages: 46 Posted: 25 Aug 2017
James S. Costain
Banco de España - Research Department
Downloads 78 (816,709)
Citation 54

Abstract:

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bargaining, control costs, logit equilibrium, near-rational choice

20.

The effect of the European Central Bank’s asset purchase programmes on Spain’s public finances

Banco de Espana Occasional Paper No. 2409
Number of pages: 29 Posted: 17 Jul 2024
Banco de España, Banco de España, Banco de España - Research Department, Banco de España and Banco de España
Downloads 74 (844,901)

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quantitative easing, asset purchase programmes, unconventional monetary policy, term structure models, signaling and portfolio balance effects, expectations channel, fiscal effects

21.

Price Adjustments in a General Model of State-Dependent Pricing

Banco de Espana Working Paper No. 0824
Number of pages: 43 Posted: 24 Nov 2008 Last Revised: 02 Dec 2008
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)CEPR
Downloads 72 (860,052)
Citation 68

Abstract:

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price stickiness, state-dependent pricing, stochastic menu costs, generalized (S,s), bounded rationality

22.

On the Quantitative Importance of Wage Bargaining Models

Universitat Pompeu Fabra Economics WP No. 262
Number of pages: 40 Posted: 07 Jul 1998
James S. Costain
Banco de España - Research Department
Downloads 68 (891,180)
Citation 1

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23.

Fiscal Delegation in a Monetary Union: Instrument Assignment and Stabilization Properties

Banco de Espana Working Paper No. 1710
Number of pages: 62 Posted: 28 Mar 2017
Henrique S. Basso and James S. Costain
Banco de España and Banco de España - Research Department
Downloads 55 (1,010,164)
Citation 54

Abstract:

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independent fiscal authority, delegation, decentralization, monetary union, sovereign debt

24.

On Payoff Heterogeneity in Games with Strategic Complementarities

UPF Economics and Business Working Paper No. 546
Posted: 10 Sep 2002
Antonio Ciccone and James S. Costain
Universitat Pompeu Fabra (UPF) - Faculty of Economic and Business Sciences and Banco de España - Research Department

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Heterogeneity, multiplicity, discrete choice, strategic complementarity, positive feedback