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Cover -- Table of Contents -- Abstract -- I. Introduction -- II. Data and Empirical Methodology -- A. Household-level Survey Data -- B. Empirical Analysis -- III. Macro-Based Evidence -- IV. Micro-Based Evidence: Main Results -- A. Estimated MPCs -- B. The Role of Household Characteristics -- V. Conclusion -- Appendix -- References.

RESUMENLas infraestructuras de transporte presentes sobre el territorio condicionan las relaciones sociales y de comunicación de muchos espacios. Grandes estaciones, puertos o aeropuertos se presentan como ejes de centralidad sobre los que se distribuyen flujos de mercancías y personas, configurando a su vez el diseño y la funcionalidad de las ciudades. Hoy en día, con el avance producido en sectores como el ferrocarril de alta velocidad, las estaciones han transformado su función principal de nudo de intercambio, proyectándose como nuevos espacios comerciales y de negocio. En este artículo se analiza este nuevo fenómeno de transformación espacial y social vinculado a la alta velocidad ferroviaria, focalizando su ámbito en España. Se desgrana a su vez el papel de las comunidades sociales, políticas y empresariales para la ciudad y el espacio público presentes en las nuevas estaciones de ferroviarias. Palabras clave: ferrocarril; espacio público; urbanismo. ABSTRACTThis work aims to discuss the transport infrastructures presents on the territory and the conditions to the social and communication relations of many spaces. Large stations, ports or airports are presented as axes of centrality on which flows of goods and people are distributed, configuring in turn the design and functionality of cities. Nowadays, with the advance produced in sectors such as high-speed rail, the stations have transformed their main function as an exchange hub, projecting themselves as new commercial and business spaces. This article analyzes this new phenomenon of spatial and social transformation linked to high-speed rail, focusing its scope in Spain. At the same time, the role of the social, political and business communities for the city and the public space present in the new railway stations.Keywords: railroad; public space; urbanism.

This paper explores how much of the movements in the sovereign spreads of Asian economies over the course of the global financial crisis has reflected shifts in (i) global risk aversion; (ii) country-specific risks, directly from worsening fundamentals, and indirectly from spillovers originating in other sovereigns and the uncertainty surrounding exchange rates. Earlier in the crisis, the increase in market-implied contagion led to higher Asian sovereign bond yield spreads over swaps. But, after the crisis, Asia's sovereign spreads normalized, despite the debt crisis in the euro area, reflecti

Cover -- Table of Contents -- Abstract -- I. Introduction -- II. Model, Data and Calibration -- A. A Multi-sector Trade Model -- B. Construction of Main Database -- C. Calibration of Elasticities of Substitution -- III. Scenarios and Results -- A. Scenario Definition -- B. Effects on the U.S -- C. Impact and Spillovers to Other Countries -- IV. The Role of the Elasticity of Substitution Between Domestic and Foreign Goods -- V. Concluding Remarks -- Appendix -- A. Implementing export tariffs as part of the U.S.-China transactional deal -- References.