This paper estimates the GDP impact of legislated tax changes in Spain using a newly constructed narrative record for …

its applications, and motivated by recent policy debate in the Euro Area, we calibrate the model to Spain and the rest of …

its applications, and motivated by recent policy debate in the Euro Area, we calibrate the model to Spain and the rest of …

the implications for fiscal balances and on Spain’s international competitiveness. We find that measures aiming at … suggests that those reforms that are beneficial for Spain generate positive spillovers to the rest of EMU, too. …

fiscal balances and on Spain’s international competitiveness. We find that measures aiming at reducing (policy …-constrained consumers. Our analysis also suggests that those reforms that are beneficial for Spain generate positive spillovers to the rest …

fiscal balances and on Spain's international competitiveness. We find that measures aiming at reducing (policy …-constrained consumers. Our analysis also suggests that those reforms that are beneficial for Spain generate positive spillovers to the rest …

called "The Great Moderation". In Spain, a similar pattern was observed: in fact, potential growth estimates were trending … of macroeconomic imbalances, therefore provided misleading signals to the policymakers. In this paper we apply to Spain a …

This document describes the key aspects of the extended and revised version of Spain-STING (Spain, Short-Term Indicator … 2005- 2017. With regard to the GDP forecast, we find a slight improvement on the previous version of Spain-STING. As for …

Can fiscal policy help to the ending of the economic crisis affecting Spain? Given this starting point, we study the … effects on the Spanish economy of a shock to total public receipts or a shock to total public expenditure. With that objective … nominal variables are temporary. The response of the Spanish real GDP to a positive shock to total government receipts is …