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Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …
Persistent link: https://www.econbiz.de/10009432547
Description This half semester class presents an introduction to macroeconomic modeling, focusing on the theory of economic growth …
Persistent link: https://www.econbiz.de/10009432111
Incluye bibliografía ; In this paper we present the theoretical foundations and the simulation results obtained with a new dynamic general equilibrium model developed at the Banco de España for the Spanish economy and the rest of Euro area. The model is designed to help in simulating the...
Persistent link: https://www.econbiz.de/10012530143
Two of the most discussed issues triggered by the so called Feldstein-Horioka puzzle in international macroeconomics are: What does the saving-investment (SI) relation really measure and how should the SI relation be measured? The first contribution of this study is to develop a new variant of...
Persistent link: https://www.econbiz.de/10009429004
The main aim of the paper is to examine the short- and medium-term empirical link between current account balances and a broad set of (economic) variables proposed by theoretical and empirical literature. The paper focuses on the Middle East and North Africa (MENA), an economically diverse...
Persistent link: https://www.econbiz.de/10009476893
Una década después del comienzo de la Gran Recesión, los desequilibrios externos, medidos por la cuenta corriente [current Account (CA)], se han reducido notablemente. Sin embargo, los desequilibrios externos medidos a través de variables de stock, es decir, la posición de inversión...
Persistent link: https://www.econbiz.de/10012524805
Artículo de revista ; According to the balance of payments statistics, Spain’s net lending stood at 2.3% as a percentage of GDP in 2019, slightly down on the prior year, against a backdrop of continued, albeit slowing, economic growth. Developments in net lending are explained by the...
Persistent link: https://www.econbiz.de/10012524926
central in boosting potential output and productivity convergence in these economies. In this paper, we aim at achieving some … productivity and competitiveness. After testing that foreign direct investment is cointegrated with productivity trends, we show … that a extended empirical model comprising relative productivity and net foreign assets is well-suited in general to …
Persistent link: https://www.econbiz.de/10012530169
Los desequilibrios del saldo por cuenta corriente y su sostenibilidad están entre los temas de política internacional más debatidos. Mediante una metodología recientemente diseñada —external balance assessment (EBA)—, el FMI estima el impacto sobre el saldo por cuenta corriente de sus...
Persistent link: https://www.econbiz.de/10012530359
Tanto los desequilibrios mundiales como la (des)regulación de los mercados fi nancieros destacan como posibles causas de la crisis fi nanciera mundial. En este documento se investiga la posible relación entre ambos fenómenos ; concretamente, analizamos la relación entra la (des)regulación...
Persistent link: https://www.econbiz.de/10012530451