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Commentary on MEDEA: a DSGE model for the Spanish economy
Ferroni, Filippo - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 245-249
Persistent link: https://www.econbiz.de/10009355410
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MEDEA: a DSGE model for the Spanish economy
Burriel, Pablo; Fernández-Villaverde, Jesús; … - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 175-243
are important in accounting for aggregate fluctuations in Spain. The model is estimated with Bayesian techniques and data …
Persistent link: https://www.econbiz.de/10009355412
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Discussion of the paper “A rational expectations model for simulation and policy evaluation of the Spanish economy”
Pérez, Javier J. - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 171-173
Persistent link: https://www.econbiz.de/10009355415
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A rational expectations model for simulation and policy evaluation of the Spanish economy
Boscá, José E.; Díaz, A.; Doménech, Rafael; Ferri, … - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 135-169
This paper presents the model used for simulation purposes within the Spanish Ministry of Economic Affairs and Finance. REMS (a Rational Expectations Model for the Spanish economy) is a small open economy dynamic general equilibrium model in the vein of the New-Neoclassical-Keynesian synthesis...
Persistent link: https://www.econbiz.de/10009355416
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Comments on “The drivers of housing cycles in Spain” by Oriol Aspachs-Bracons and Pau Rabanal
Neri, Stefano - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 131-134
Persistent link: https://www.econbiz.de/10009355417
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The drivers of housing cycles in Spain
Aspachs-Bracons, Oriol; Rabanal, Pau - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 101-130
In the last 15 years, Spain has witnessed a large increase in housing prices and in the importance of the housing … sector, which has refreshed the debate on the drivers of housing cycles. Since Spain joined the European Monetary Union (EMU … currency area with durable goods, using data for Spain and the rest of the EMU. We find that parameter estimates are similar to …
Persistent link: https://www.econbiz.de/10009355418
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Comment on “Spain in the euro: a general equilibrium analysis” by Andrés, Hurtado, Ortega and Thomas
Vázquez, Jesús - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 97-99
Persistent link: https://www.econbiz.de/10009355419
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Spain in the euro : a general equilibrium analysis
Andrés, Javier; Hurtado, Samuel; Ortega, Eva; Thomas, … - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 67-95
Bayesian dynamic stochastic general equilibrium (DSGE) models combine microeconomic behavioural foundations with a full-system Bayesian likelihood estimation approach using key macro-economic variables. Because of the usefulness of this class ofmodels for addressing questions regarding the...
Persistent link: https://www.econbiz.de/10009355420
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General equilibrium long-run determinants for Spanish FDI : a spatial panel data approach
Martínez-Martín, Jaime - In: SERIEs : Journal of the Spanish Economic Association 2 (2011) 3, pp. 305-333
While general equilibrium theories of trade stress the role of third-country effects, little work has been done in the empirical foreign direct investment (FDI) literature to test such spatial linkages. This paper aims to provide further insights into long-run determinants of Spanish FDI by...
Persistent link: https://www.econbiz.de/10009355548
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The information content in a volatility index for Spain
Gonzalez-Perez, Maria T.; Novales, Alfonso - In: SERIEs : Journal of the Spanish Economic Association 2 (2011) 2, pp. 185-216
A model-free methodology is used for the first time to estimate a daily volatility index (VIBEX-NEW) for the Spanish financial market.We use a public data set of daily option prices to compute this index and showthat daily changes in VIBEXNEW display a negative, tight contemporaneous...
Persistent link: https://www.econbiz.de/10009355558