WORK IN PROGRESS

"US aggregate output measurement: a common trend approach", with T. Almuzara and E. Sentana, May 2019.

"The rise and fall of the natural interest rate", with   A. Galesi,  G. Pérez-Quirós and E. Sentana, Centre for Economic Policy Research DP 13042, revised October 2019.

"Specification tests for non-Gaussian maximum likelihood estimators", with E. Sentana, Centre for Economic Policy Research DP 12934, revised August 2019. (Supplemental material)

"Dynamic specification tests for static factor models", with E. Sentana, CEMFI Working Paper 0912.  (This paper has been largely superseded by "Dynamic specification tests for dynamic factor models" and "Tests for serial dependence in static, non-Gaussian factor models").

"On the efficiency and consistency of likelihood estimation in multivariate conditionally heteroskedastic dynamic regression models", with E. Sentana, CEMFI Working Paper 0713, revised October 2010. (This paper has been largely superseded by "New testing approaches for mean-variance predictability", "Specification tests for non-Gaussian maximum likelihood estimators", "Consistent non-Gaussian pseudo maximum likelihood estimators", "Sequential estimators of shape parameters in multivariate dynamic models" and "Dynamic specification tests for static factor models").