Antonio Cutanda Universidad de Valencia   Dpto. Analisis Economico Facultad de Economía Avda. Naranjos, s/n Valencia, 46022 Spain   antonio.cutanda@uv.es             JEL Areas: E2 : Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data) C5 : Econometric Modeling: General