Rodríguez-López, Jesús; Solís-García, Mario - Departamento de Economía, Universidad Pablo de Olavide - 2014
We apply the business cycle methodology proposed by Chari, Kehoe, and McGrattan (2007) to identify the sources of Spanish business fluctuations during two outstanding cyclical episodes: the recession alongside the transition to democracy in 1977 and the great recession of 2008. We find that the...