Izquierdo, Mario; Jimeno, Juan F.; Rojas, Juan A. - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 4, pp. 409-432
Over the period 19952006 the Spanish economy experienced a rapid increase in employment and output growth, a surge in investment over GDP, a substantial deterioration in the current account balance and an improvement in the finances of the social security system. This paper presents a dynamic...