create a website

Three great American disinflations. (2007). Levin, Andrew ; Erceg, Christopher ; Bordo, Michael ; Michaels, Ryan.
In: Proceedings.
RePEc:fip:fedfpr:y:2007:x:5.

Full description at Econpapers || Download paper

Cited: 12

Citations received by this document

Cites: 40

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. The depression of 1920–1921: a credit induced boom and a market based recovery?. (2016). Newman, Patrick.
    In: The Review of Austrian Economics.
    RePEc:kap:revaec:v:29:y:2016:i:4:d:10.1007_s11138-015-0337-5.

    Full description at Econpapers || Download paper

  2. Labor Market Policies and the Missing Deflation Puzzle: Lessons from Hoover Policies during the U.S Great Depression. (2015). Roulleau-Pasdeloup, Jordan ; Zhutova, Anastasia.
    In: Cahiers de Recherches Economiques du Département d'économie.
    RePEc:lau:crdeep:15.05.

    Full description at Econpapers || Download paper

  3. Central Bank Credibility, Reputation and Inflation Targeting in Historical Perspective. (2015). Siklos, Pierre ; Bordo, Michael David.
    In: Papers and Proceedings.
    RePEc:col:000471:013127.

    Full description at Econpapers || Download paper

  4. Learning by disinflating. (2012). Ellison, Martin ; Barnett, Alina.
    In: Bank of Finland Research Discussion Papers.
    RePEc:zbw:bofrdp:rdp2012_010.

    Full description at Econpapers || Download paper

  5. Incomes Policies, Expectations and the NAIRU. (2012). Pollan, Wolfgang.
    In: WIFO Working Papers.
    RePEc:wfo:wpaper:y:2012:i:433.

    Full description at Econpapers || Download paper

  6. Learning by disinflating. (2012). Ellison, Martin ; Barnett, Alina.
    In: Research Discussion Papers.
    RePEc:bof:bofrdp:2012_010.

    Full description at Econpapers || Download paper

  7. Credit crises, money and contractions: An historical view. (2010). Haubrich, Joseph ; Bordo, Michael.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:57:y:2010:i:1:p:1-18.

    Full description at Econpapers || Download paper

  8. What can a New Keynesian labor matching model match?. (2009). Reicher, Christopher Phillip .
    In: Kiel Working Papers.
    RePEc:zbw:ifwkwp:1496.

    Full description at Econpapers || Download paper

  9. Managing Beliefs about Monetary Policy under Discretion?. (2008). Mertens, Elmar.
    In: Working Papers.
    RePEc:szg:worpap:0802.

    Full description at Econpapers || Download paper

  10. Central Bank communication and monetary policy: a survey of theory and evidence. (2008). Jansen, David-Jan ; Fratzscher, Marcel ; Ehrmann, Michael ; de Haan, Jakob ; Blinder, Alan.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2008898.

    Full description at Econpapers || Download paper

  11. Successes and Failures of Monetary Policy Since the 1950s. (2007). Laidler, David.
    In: University of Western Ontario, Economic Policy Research Institute Working Papers.
    RePEc:uwo:epuwoc:20072.

    Full description at Econpapers || Download paper

  12. Stock market booms and monetary policy in the twentieth century. (2007). Wheelock, David ; Bordo, Michael.
    In: Review.
    RePEc:fip:fedlrv:y:2007:i:mar:p:91-122:n:v.89no.2.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Anderson, G.S., Moore, G., 1985, A linear algebraic procedure for solving linear perfect foresight models, Economic Letters 17, 247-252.

  2. Balke, Nathan S. and Robert J. Gordon, 1986, Data Appendix B in Robert J. Gordon (ed.) The American Business Cycle: Continuity and Change, Chicago: University of Chicago Press.

  3. Balke, Nathan S. and Robert J. Gordon, 1989, The Estimation of Prewar Gross National Product: Methodology and New Evidence, Journal of Political Economy, vol. 97, no. 1, 38-92.

  4. Ball, Lawrence, 1994a, What determines the sacrifice ratio? in N.G. Mankiw (ed.), Monetary Policy, Chicago: University of Chicago Press.

  5. Ball, Lawrence, 1994b, Credible disinflation with staggered price-setting, American Economic Review, 84, 282-289.

  6. Ball, Lawrence, 1995, Disinflation and Imperfect Credibility, Journal of Monetary Economics, 35, 5-24.
    Paper not yet in RePEc: Add citation now
  7. Bernanke, Ben and Mark Gertler and Simon Gilchrist, 1999, The Financial Accelerator in a Quantitative Business Cycle Framework, in J. Taylor and M. Woodford (eds.), Handbook of Macroeconomics, Amsterdam: Elsevier.

  8. Blanchard, Olivier and Charles Kahn, 1980, The Solution of Linear Difference Models under Rational Expectations, Econometrica 48, 1305-1311.

  9. Blanchard, Olivier, 1984, The Lucas Critique and the Volcker Disinflation, NBER Working paper 1326.

  10. Calomiris, Charles, 1985, Understanding Greenback Inflation and Deflation: An Asset-Pricing Approach, Ph.D. dissertation.
    Paper not yet in RePEc: Add citation now
  11. Calvo, Guillermo, 1983, Staggered Prices in a Utility Maximizing Framework, Journal of Monetary Economics, 12, 383-98.

  12. Christiano, Lawrence, Eichenbaum, Martin, and Charles Evans, 1999, Monetary Policy Shocks: What Have We Learned, and to What End? In: Taylor, John and Michael Woodford (Eds.), Handbook of Macroeconomics Vol 1A, 65-148.

  13. Christiano, Lawrence, Eichenbaum, Martin, and Charles Evans, 2001, Nominal Rigidities and the Dynamic Effects of Shocks to Monetary Policy, National Bureau of Economic Research Working Paper no. 8403.

  14. Cogley, Timothy and Thomas Sargent, 2001, Evolving Post WWII Inflation Dynamics, In Bernanke, Benjamin and Kenneth Rogoff (Eds), Macroeconomics Annual.
    Paper not yet in RePEc: Add citation now
  15. Erceg, Christopher, and Andrew Levin, 2003, Imperfect Credibility and Inflation Persistence, Journal of Monetary Economics 50, 915-944.

  16. Erceg, Christopher, Dale Henderson, and Andrew Levin, 2000, Optimal Monetary Policy with Staggered Wage and Price Contracts, Journal of Monetary Economics, 46, 281-313.

  17. Erceg, Christopher, Luca Guerrieri, and Christopher Gust, 2005, Can Long Run Restrictions Identify Technology Shocks? Journal of the European Economic Association, forthcoming.

  18. Fisher, Irving, 1934, Stable Money, New York: Adelphi Company Publishers.
    Paper not yet in RePEc: Add citation now
  19. Fuhrer, Jeffrey, 2000, Habit Formation in Consumption and Its Implications for Monetary-Policy Models, American Economic Review, 90, 367-90.

  20. Giannoni, Mark and Michael Woodford, 2005, Optimal Inflation Targeting Rules, in: Bernanke, Ben. and Woodford, Michael (eds)., Inflation Targeting, Chicago: University of Chicago Press.
    Paper not yet in RePEc: Add citation now
  21. Goodfriend, Marvin and Robert King, 1997, The New Neoclassical Synthesis and the Role of Monetary Policy, in: Bernanke, B.S., Rotemberg, J.J. (eds.), NBER Macroeconomics Annual 1997 (MIT Press: Cambridge), 231-283.

  22. Goodfriend, Marvin and Robert King, 2005, The Incredible Volcker Disinflation, Journal of Monetary Economics vol. 52 issue 5, 981-1015.

  23. Goodfriend, Marvin, 1997, Monetary Policy Comes of Age: A 20th Century Odyssey, Federal Reserve Bank of Richmond Economic Quarterly 83, 1-24.

  24. Gordon, Robert, 1982, Why Stopping Inflation May Be Costly: Evidence from Fourteen Historical Episodes, in: Hall, Robert E. (ed.), Inflation: Causes and Effects, Chicago: University of Chicago Press,11-40.

  25. Homer, Sidney, and Richard Sylla, 1996, A History of Interest Rates, 3rd edition, New Brunswick, NJ.: Rutgers University Press.
    Paper not yet in RePEc: Add citation now
  26. Humphrey, Thomas, 2004, Classical Deflation Theory, Federal Bank of Richmond Economic Quarterly, 90, 11-32.

  27. Macaulay, Frederick R., 1938, The Movements of Interest Rates, Stock Prices, and Bond Yields in the United States since 1856, New York: National Bureau of Economic Research, Inc.
    Paper not yet in RePEc: Add citation now
  28. Miller, Adolph, 1921, Federal Reserve Policy, American Economic Review, 11, no. 2, 177-206.
    Paper not yet in RePEc: Add citation now
  29. Mitchell, Wesley, 1903, A History of the Greenbacks, with Special Reference to the Economic Consequences of their Issue: 1862-1865, Chicago: University of Chicago Press.
    Paper not yet in RePEc: Add citation now
  30. Rockoff, Hugh, 2005, Monetary Statistics before the National Banking Era, in Historical Statistics of the United States, Millenial Editional, Colonial Times to the Present, Cambridge,: Cambridge University Press.
    Paper not yet in RePEc: Add citation now
  31. Rotemberg, Julio and Michael Woodford, An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy, in: Bernanke, Ben and Julio Rotemberg (eds.), NBER Macroeconomics Annual 1997, . Cambridge: MIT Press, 297-346.

  32. Sargent, Thomas, 1982, The Ends of Four Big Inflations, in: Hall, Robert (ed.), Inflation: Causes and Effects (University of Chicago Press: Chicago), 41-97.

  33. Sargent, Thomas, 1999,. The Conquest of American Inflation, Princeton: Princeton University Press.
    Paper not yet in RePEc: Add citation now
  34. Smets, F. and R. Wouters, 2003. An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area,Journal of the European Economic Association, vol. 1, 1124-1175.

  35. Svensson, Lars, 2003. What is Wrong with Taylor Rules: Using Judgement in Monetary Policy through Targeting Rules Journal of Economic Literature, vol. 41, 426-477.

  36. Taylor, John, 1980, Aggregate Dynamics and Staggered Contracts, Journal of Political Economy, 88, 1-24.

  37. Taylor, John, 1983, Union Wage Settlements during a Disinflation, The American Economic Review, 73, no. 5, 981-994.

  38. Timberlake, Richard H, 1975, The Resumption Act and the Money Supply, Journal of Economic History, 43, no. 3, 729-739.

  39. Woodford, Michael, 2003, Interest and Prices, Princeton: Princeton University Press.
    Paper not yet in RePEc: Add citation now
  40. Yun, Tack. 1996, Nominal Price Rigidity, Money Supply Endogeneity, and Business Cycles. Journal of Monetary Economics 37, 345-370.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Firm Entry, Inflation and the Monetary Transmission Mechanism. (2011). Poilly, Céline ; Lewis, Vivien.
    In: LIDAM Discussion Papers IRES.
    RePEc:ctl:louvir:2011004.

    Full description at Econpapers || Download paper

  2. Forecasting Performance of an Open Economy Dynamic Stochastic General Equilibrium Model. (2006). Villani, Mattias ; Lindé, Jesper ; Adolfson, Malin ; Linde, Jesper.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0190.

    Full description at Econpapers || Download paper

  3. Modern Forecasting Models in Action: Improving Macroeconomic Analyses at Central Banks. (2006). Vredin, Anders ; Villani, Mattias ; Lindé, Jesper ; Adolfson, Malin ; Andersson, Michael K. ; Linde, Jesper.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0188.

    Full description at Econpapers || Download paper

  4. How Well Does a Small Structural Model with Sticky Prices and Wages Fit Postwar U.S. Data?. (2006). Poilly, Céline ; Matheron, Julien.
    In: THEMA Working Papers.
    RePEc:ema:worpap:2006-11.

    Full description at Econpapers || Download paper

  5. Fiscal and Monetary Rules for a Currency Union. (2005). Ferrero, Andrea.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0508020.

    Full description at Econpapers || Download paper

  6. Are Constant Interest Rate Forecasts Modest Interventions? Evidence from an Estimated Open Economy DSGE Model of the Euro Area. (2005). Villani, Mattias ; Lindé, Jesper ; Laséen, Stefan ; Adolfson, Malin ; Laseen, Stefan ; Linde, Jesper.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0180.

    Full description at Econpapers || Download paper

  7. Bayesian Estimation of an Open Economy DSGE Model with Incomplete Pass-Through. (2005). Villani, Mattias ; Lindé, Jesper ; Laséen, Stefan ; Adolfson, Malin ; Laseen, Stefan ; Linde, Jesper.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0179.

    Full description at Econpapers || Download paper

  8. Comovement: its not a puzzle. (2005). DiCecio, Riccardo.
    In: Working Papers.
    RePEc:fip:fedlwp:2005-035.

    Full description at Econpapers || Download paper

  9. Expansionary fiscal shocks and the trade deficit. (2005). Gust, Christopher ; Guerrieri, Luca ; Erceg, Christopher.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:825.

    Full description at Econpapers || Download paper

  10. Intrinsic and inherited inflation persistence. (2005). Fuhrer, Jeffrey.
    In: Working Papers.
    RePEc:fip:fedbwp:05-8.

    Full description at Econpapers || Download paper

  11. Monetary Policy under Model and Data-Parameter Uncertainty. (2005). Cateau, Gino.
    In: Staff Working Papers.
    RePEc:bca:bocawp:05-6.

    Full description at Econpapers || Download paper

  12. Can Long-Run Restrictions Identify Technology Shocks?. (2004). Guerrieri, Luca ; Erceg, Christopher.
    In: Computing in Economics and Finance 2004.
    RePEc:sce:scecf4:3.

    Full description at Econpapers || Download paper

  13. Habit formation and its implications for small open economies. (2004). Caputo, Rodrigo.
    In: Money Macro and Finance (MMF) Research Group Conference 2003.
    RePEc:mmf:mmfc03:11.

    Full description at Econpapers || Download paper

  14. Monetary Policy in an Estimated Open-Economy Model with Imperfect Pass-Through. (2004). Söderström, Ulf ; Nessen, Marianne ; Lindé, Jesper ; Linde, Jesper.
    In: Working Papers.
    RePEc:igi:igierp:263.

    Full description at Econpapers || Download paper

  15. Monetary Policy in an Estimated Open-Economy Model with Imperfect Pass-Through. (2004). Söderström, Ulf ; Nessen, Marianne ; Lindé, Jesper ; Linde, Jesper.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0167.

    Full description at Econpapers || Download paper

  16. Can long-run restrictions identify technology shocks?. (2004). Gust, Christopher ; Guerrieri, Luca ; Erceg, Christopher.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:792.

    Full description at Econpapers || Download paper

  17. Estimating forward looking Euler equations with GMM estimators: an optimal instruments approach. (2004). Olivei, Giovanni ; Fuhrer, Jeffrey.
    In: Working Papers.
    RePEc:fip:fedbwp:04-2.

    Full description at Econpapers || Download paper

  18. Exchange Rates, Inflation and Monetary Policy Objectives in Open Economies: The Experience of Chile. (2004). Caputo, Rodrigo.
    In: Econometric Society 2004 Latin American Meetings.
    RePEc:ecm:latm04:298.

    Full description at Econpapers || Download paper

  19. External Shocks and Monetary Policy: Does it Pay to Respond to Exchange Rate Deviations?. (2004). Caputo, Rodrigo.
    In: Econometric Society 2004 Australasian Meetings.
    RePEc:ecm:ausm04:300.

    Full description at Econpapers || Download paper

  20. Identifying the influences of nominal and real rigidities in aggregate price-setting behavior. (2004). Levin, Andrew ; Coenen, Günter.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2004418.

    Full description at Econpapers || Download paper

  21. A Structural Small Open-Economy Model for Canada. (2004). Zhu, Zhenhua ; Murchison, Stephen.
    In: Staff Working Papers.
    RePEc:bca:bocawp:04-4.

    Full description at Econpapers || Download paper

  22. Has the rate of economic growth changed? Evidence and lessons for public policy.. (2003). Shapiro, Matthew.
    In: Reserve Bank of New Zealand Discussion Paper Series.
    RePEc:nzb:nzbdps:2003/07.

    Full description at Econpapers || Download paper

  23. The Unique Minimum State Variable RE Solution is E-Stable in All Well Formulated Linear Models. (2003). .
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9960.

    Full description at Econpapers || Download paper

  24. The responses of wages and prices to technology shocks. (2003). Williams, John ; Edge, Rochelle.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2003-65.

    Full description at Econpapers || Download paper

  25. Inflation persistence and robust monetary policy design. (2003). Coenen, Günter.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2003290.

    Full description at Econpapers || Download paper

  26. Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero. (2003). Wieland, Volker ; Orphanides, Athanasios ; Coenen, Günter.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2003231.

    Full description at Econpapers || Download paper

  27. The zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan. (2003). Wieland, Volker ; Coenen, Günter.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2003218.

    Full description at Econpapers || Download paper

  28. Inflation dynamics and international linkages: a model of the United States, the euro area, and Japan. (2002). Wieland, Volker ; Coenen, Günter.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:745.

    Full description at Econpapers || Download paper

  29. Estimating the Euler equation for output. (2002). Rudebusch, Glenn ; Fuhrer, Jeffrey.
    In: Working Papers.
    RePEc:fip:fedbwp:02-3.

    Full description at Econpapers || Download paper

  30. Assessing Nominal Income Rules for Monetary Policy with Model and Data Uncertainty. (2002). Rudebusch, Glenn.
    In: Economic Journal.
    RePEc:ecj:econjl:v:112:y:2002:i:479:p:402-432.

    Full description at Econpapers || Download paper

  31. Dynamic Inconsistencies: Counterfactual Implications of a Class of Rational-Expectations Models. (2002). Fuhrer, Jeffrey ; Estrella, Arturo.
    In: American Economic Review.
    RePEc:aea:aecrev:v:92:y:2002:i:4:p:1013-1028.

    Full description at Econpapers || Download paper

  32. The performance of forecast-based monetary policy rules under model uncertainty. (2001). Wieland, Volker ; Williams, John ; Levin, Andrew.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2001-39.

    Full description at Econpapers || Download paper

  33. A SIMPLE ESTIMATED EURO AREA MODEL WITH RATIONAL EXPECTATIONS AND NOMINAL RIGIDITIES. (2000). Wieland, Volker ; Coenen, Günter.
    In: Computing in Economics and Finance 2000.
    RePEc:sce:scecf0:187.

    Full description at Econpapers || Download paper

  34. Robust monetary policy with misspecified models: does model uncertainty always call for attenuated policy?. (2000). von zur Muehlen, Peter ; Tetlow, Robert.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2000-28.

    Full description at Econpapers || Download paper

  35. A Small Estimated Euro-Area Model with Rational Expectations and Nominal Rigidities. (2000). Wieland, Volker ; Coenen, Günter.
    In: Econometric Society World Congress 2000 Contributed Papers.
    RePEc:ecm:wc2000:1284.

    Full description at Econpapers || Download paper

  36. Habit Formation in Consumption and Its Implications for Monetary-Policy Models. (2000). Fuhrer, Jeffrey.
    In: American Economic Review.
    RePEc:aea:aecrev:v:90:y:2000:i:3:p:367-390.

    Full description at Econpapers || Download paper

  37. Are Deep Parameters Stable? The Lucas Critique as an Empirical Hypothesis. (1999). Fuhrer, Jeffrey ; Estrella, Arturo.
    In: Computing in Economics and Finance 1999.
    RePEc:sce:scecf9:621.

    Full description at Econpapers || Download paper

  38. Errors in the measurement of the output gap and the design of monetary policy. (1999). Tetlow, Robert ; Orphanides, Athanasios ; Finan, Frederico ; Porter, Richard D. ; Reifschneider, David.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:1999-45.

    Full description at Econpapers || Download paper

  39. Three lessons for monetary policy in a low inflation era. (1999). Williams, John ; Reifschneider, David.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:1999-44.

    Full description at Econpapers || Download paper

  40. Simple rules for monetary policy. (1999). Williams, John.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:1999-12.

    Full description at Econpapers || Download paper

  41. Are \deep\ parameters stable? the Lucas critique as an empirical hypothesis. (1999). Fuhrer, Jeffrey ; Estrella, Arturo.
    In: Working Papers.
    RePEc:fip:fedbwp:99-4.

    Full description at Econpapers || Download paper

  42. Vector rational error correction. (1998). Kozicki, Sharon.
    In: Research Working Paper.
    RePEc:fip:fedkrw:98-03.

    Full description at Econpapers || Download paper

  43. Rational error correction. (1998). .
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:1998-37.

    Full description at Econpapers || Download paper

  44. Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero. (1998). Wieland, Volker ; Orphanides, Athanasios.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:1998-35.

    Full description at Econpapers || Download paper

  45. Putty-clay and investment: a business cycle analysis. (1998). Williams, John ; Gilchrist, Simon.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:1998-30.

    Full description at Econpapers || Download paper

  46. Dynamic inconsistencies: counterfactual implications of a class of rational expectations models. (1998). Fuhrer, Jeffrey ; Extrella, Arturo.
    In: Working Papers.
    RePEc:fip:fedbwp:98-5.

    Full description at Econpapers || Download paper

  47. Linear Quadratic Optimization for Models with Rational Expectations. (1997). Kendrick, David ; Amman, Hans.
    In: CARE Working Papers.
    RePEc:tex:carewp:9708.

    Full description at Econpapers || Download paper

  48. \Forecasting the forecasts of others.\ Expectational heterogeneity and aggregate dynamics. (1996). Bomfim, Antulio.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:96-41.

    Full description at Econpapers || Download paper

  49. Computationally Efficient Solution and Maximum Likelihood Estimation of Nonlinear Rational Expectations Models. (). Fuhrer, Jeffrey ; Bleakley, Hoyt.
    In: Computing in Economics and Finance 1997.
    RePEc:sce:scecf7:35.

    Full description at Econpapers || Download paper

  50. An Application of Sparse Methods to Solving a Multi-Country Model With Rational Expectations. (). Anderson, Gary.
    In: Computing in Economics and Finance 1996.
    RePEc:sce:scecf6:_063.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-30 03:58:56 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.