Burriel, Pablo; Fernandez-Villaverde, Jesus; … - Department of Economics, University of Pennsylvania - 2009
In this paper, we provide a brief introduction to a new macroeconometric model of the Spanish economy named MEDEA (Modelo de Equilibrio Dinámico de la Economía EspañolA). MEDEA is a dynamic stochastic general equilibrium (DSGE) model that aims to describe the main features of the Spanish...