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This article presents for the first time a comparative study of the cost of disability for households in 31 European … nature of the present analysis shows these national estimates of the cost disability from a broader perspective than previous … research. One important finding of this study is that there is a significant diversity in the cost of disability across …
Persistent link: https://www.econbiz.de/10011537535
Persistent link: https://www.econbiz.de/10009355410
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
Persistent link: https://www.econbiz.de/10009355415
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
Persistent link: https://www.econbiz.de/10009355417
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
Persistent link: https://www.econbiz.de/10009355419
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
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