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In this paper, we provide a brief introduction to a new macroeconometric model of the Spanish economy named MEDEA (Modelo de EquilibrioDinámico de la Economía EspañolA). MEDEA is a dynamic stochastic general equilibrium (DSGE) model that aims to describe the main features of the Spanish...
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This article examines the scope for expenditure of each German federal state (including local governments) to achieve a balanced budget in 2020 when the debt brake fully enters into force. After deducting interest and pension burden, a major group of states could afford marked annual increases...
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