Artículo de revista ; The monitoring of the regional economic situation takes on particular importance in highly decentralised countries, such as Spain. Against this background, this article summarises the key aspects of the BayFaR model (Bayesian Factor model for Regions), a new tool used by...

Artículo de revista

Artículo de revista

This paper analyzes the determinants of Spain's macroeconomic fluctuations since the inception of the euro in 1999, with a special attention to observed growth and inflation differentials with respect to the rest of the European Monetary Union (EMU). For that purpose we estimate the Banco de...

Este trabajo, elaborado con motivo de la conmemoración del décimo año de vigencia de la Unión Económica y Monetaria (UEM), pretende ofrecer una panorámica de la experiencia de la economía española en este nuevo contexto institucional. Por tanto, debe considerarse como el resultado del...

This paper has been prepared to mark the tenth anniversary of Economic and Monetary Union (EMU). It seeks to give an overview of the Spanish economy's experience in this new institutional setting. It should be viewed as the result of a joint effort by a sizeable group of researchers from the...