Coello's Spanish "Hamlet" (1872)

El príncipe Hamlet, by the Spanish playwright Carlos Coello (1850-1888), premiered in Madrid on November 22, 1872 and, described by the author as a “trágico-fantástico” drama, is unique in the history of Spanish translations and adaptations of Shakespeare’s Hamlet. The play reflects Spain’s late introduction to Shakespeare’s work, in comparison to other European countries. In the Prologue, Coello, who calls Shakespeare “the English Calderón,” insists that his play is a completely new play, “subject to the needs of the Spanish scene and the special conditions of our audience.” Built from the original text, the play includes dialogues and soliloquies of the original and much of its plot. One of the play’s most interesting features is that of the development of the characters and of the subtexts—including such topics as lost honor and the unequal relationship between men and women. In this way, El príncipe Hamlet becomes a rewrite of Shakespeare’s Hamlet, emblematic of the Spanish theatrical tradition of the Golden Age, which was revitalized in the first half of the 19th century in Spain. The Spanish theatre of the 19th century, with its romantic and nationalistic bent, looked to its own 16th and 17th century plays as models, rather than importing foreign works. Nevertheless, Coello’s El príncipe Hamlet exposed the Spanish public to Shakespeare’s work at a time when performances of his plays in Spain were scarce and translations of his works were still based on previous versions done by the French.Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech

Spanish as the language of translation in Spain and Latin America: Shakespeare’s retranslations as a case in point.

A short description of the linguistic decisions taken by three Argentinian translators of Shakespeare (Rafael Squirru, Miguel Ángel Montezanti and Carlos Gamerro) with respect to the language of translation (Spanish). In the three cases, they try to reflect the regional variety known as "ríoplatense", although in different degrees and for different reasons.Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech

A simple method to identify significant effects in unreplicated two-level factorial designs

This article proposes a generalization and improvement on the method of Lenth (1989). The problem is solved by fixing outliers in highly contaminated samples. To do this a scale robust estimator is obtained and its performance is analyzed using computer simulations. The method is extremely simple to use and leads to the same results as the more complex one proposed by Box and Meyer (1986)

A subsampling method for the computation of multivariate estimators with high breakdown point

All known robust location and scale estimators with high breakdown point for multivariate sample's are very expensive to compute. In practice, this computation has to be carried out using an approximate subsampling procedure. In this work we describe an alternative subsampling scheme, applicable to both the Stahel-Donoho estimator and the estimator based on the Minimum Volume Ellipsoid, with the property that the number of subsamples required is substantially reduced with respect to the standard subsampling procedures used in both cases. We also discuss some bias and variability properties of the estimator obtained from the proposed subsampling process

A simple method to identify significant effects in unreplicated two-level factorial designs.

This article proposes a generalization and improvement on the method of Lenth (1989). The problem is solved by fixing outliers in highly contaminated samples. To do this a scale robust estimator is obtained and its performance is analyzed using computer simulations. The method is extremely simple to use and leads to the same results as the more complex one proposed by Box and Meyer (1986).Factorial fractions; Robust estimator;

THE BIAS FOR FORWARD EXCHANGE RATE AND THE RISK PREMIUM: AN EXPLANATION WITH A STOCHASTIC AND DYNAMIC GENERAL EQUILIBRIUM MODEL

Forward exchange rate unbiassedness is rejected in test for international exchange markets. Such issue can be interpreted as evidence of a biased forward rate and/or time-varying risk premia. This paper proposes a stochastic general equilibrium model which generates substantial variability in the magnitude of predictable excess returns. Simulation exercises suggest that higher persistency in the monetary policy produces higher bias in the estimated slope coefficient in the regression of the change in the logarithm of the spot exchange rate on the forward premium. Also, our model suggest that the nature of the transmission between monetary shocks can explain the excess returns puzzle. Empirical evidence for the DM-USD rate that support our theoretical results is provided. La insesgadez del tipo forward ha sido ampliamente rechazada en los estudios empíricos sobre los mercados de tipo cambio internacionales. Este aspecto puede interpretarse como la existencia de un sesgo en la capacidad predictiva del tipo forward y/o la presencia de una prima de riesgo cambiante en el tiempo. Este trabajo propone un modelo dinámico y estocástico de equilibrio general que genera amplia volatilidad en la prima de riesgo. Los ejercicios de simulación llevados a cabo sugieren que una mayor persistencia de la política monetaria produce un mayor sesgo en la pendiente estimada de una regresión del cambio en el logaritmo del tipo spot sobre la prima de riesgo. Además, el modelo sugiere que la naturaleza de la transmisión de los shocks monetarios puede explicar dicho sesgo. Finalmente, el trabajo presenta evidencia empírica sobre el tipo de cambio entre el marco alemán y el dólar americano en línea con los resultados teóricos.Teoría de las expectativas, Prima de riesgo, Tipo de cambio forward, Simulación. Expectations theory, Risk premium, Forward exchange rates, Simulations.

Time-Varying forward Bias and the Volatility of Risk Premium: a Monetary Explanation

Forward exchange rate unbiassedness is rejected for international exchange markets. This paper proposes a stochastic general equilibrium model which generates substantial variability in the magnitude of predictable excess returns. Simulation exercises suggest that high persistency in the monetary policy produces greater bias in the estimated slope coefficient in the regression of the change in the logarithm of the spot exchange rate on the forward premium. Also, our model suggest that the nature of the transmission between monetary shocks can explain the excess return puzzle. Empirical evidence for the US-UK exchange rate according to our theoretical results is provided.La insesgadez del tipo de cambio forward es rechazada para los mercados cambiarios internacionales. Este trabajo propone un modelo de equilibrio general dinámico y estocástico que genera variabilidad suficiente en las magnitudes de los excesos de rendimientos predecibles. Los ejercicios de simulación realizados sugieren que una alta persistencia de la política monetaria produce un mayor sesgo en el coeficiente estimado de la pendiente de la regresión entre la primera diferencia del logaritmo del tipo de cambio spot sobre la prima forward. Además, nuestro modelo sugiere que la naturaleza de la transmisión entre shocks monetarios puede explicar la paradoja del exceso de rendimiento. Por último, proporcionamos evidencia empírica de acuerdo con nuestros resultados teóricos para el tipo de cambio entre EEUU y Reino Unido.

A fractional Dickey-Fuller test for unit roots

This paper presents a new test for fractionally integrated (FI) processes. In particular, it proposes a testing procedure in the time domain that extends the well-known Dickey-Fuller approach. Monte-Carlo simulations support the analytical results derived in the paper and show that proposed tests fare very well, both in terms of power and size, when compared with others available in the literature. The paper ends with two empirical applications.Publicad