Exploring the sources of Spanish macroeconomic fluctuations: An estimation of a small open economy DSGE model
| dc.contributor.author | Martín Moreno, José M | |
| dc.contributor.author | Pérez Sánchez, Rafaela María | |
| dc.contributor.author | Ruiz Andújar, Jesús | |
| dc.date.accessioned | 2023-06-18T05:55:09Z | |
| dc.date.available | 2023-06-18T05:55:09Z | |
| dc.date.issued | 2016 | |
| dc.description.abstract | This paper analyzes the role of a variety of shocks as determinants of Spanish macroeconomic fluctuations before the international financial and economic crisis (1970–2008). To do this we estimate a small open economy stochastic model using Kalman Filter techniques. The set of estimated parameters allows the replication with remarkable accuracy of the time path for the major macroeconomic aggregates. In particular, the model reproduces the so-called dual inflation phenomenon which burdens the competitiveness of the Spanish economy. | |
| dc.description.department | Depto. de Análisis Económico y Economía Cuantitativa | |
| dc.description.faculty | Fac. de Ciencias Económicas y Empresariales | |
| dc.description.refereed | TRUE | |
| dc.description.sponsorship | Ministerio de Economía y Competitividad (MINECO)/FEDER | |
| dc.description.sponsorship | Xunta de Galicia | |
| dc.description.status | pub | |
| dc.eprint.id | https://eprints.ucm.es/id/eprint/55387 | |
| dc.identifier.doi | 10.1016/j.iref.2016.07.002 | |
| dc.identifier.issn | 1059-0560 | |
| dc.identifier.officialurl | http://dx.doi.org/10.1016/j.iref.2016.07.002 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14352/23589 | |
| dc.journal.title | International Review of Economics and Finance | |
| dc.language.iso | eng | |
| dc.page.final | 437 | |
| dc.page.initial | 417 | |
| dc.publisher | Elsevier | |
| dc.relation.projectID | (ECO2015-67305-P; ECO2015-68367-R) | |
| dc.relation.projectID | (GRC2014/021) | |
| dc.rights.accessRights | open access | |
| dc.subject.jel | C13 | |
| dc.subject.jel | C63 | |
| dc.subject.jel | E32 | |
| dc.subject.jel | F41 | |
| dc.subject.jel | F44 | |
| dc.subject.keyword | DSGE model | |
| dc.subject.keyword | Frequentist techniques | |
| dc.subject.keyword | Filter Kalman estimation | |
| dc.subject.keyword | Small open economy. | |
| dc.subject.ucm | Econometría (Economía) | |
| dc.subject.ucm | Macroeconomía | |
| dc.subject.unesco | 5302 Econometría | |
| dc.subject.unesco | 5307.14 Teoría Macroeconómica | |
| dc.title | Exploring the sources of Spanish macroeconomic fluctuations: An estimation of a small open economy DSGE model | |
| dc.type | journal article | |
| dc.volume.number | 45 | |
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| dspace.entity.type | Publication | |
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| relation.isAuthorOfPublication | 09e8d6db-f2ef-4fb3-9a82-3fcf571145ba | |
| relation.isAuthorOfPublication.latestForDiscovery | 1655b814-ffeb-4e54-bbe9-3b4474ef5ee6 |
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