Essays on microeconomic responses to macroeconomic shocks: Evidence from Spain

Abstract

This dissertation investigates the dynamics of corporate investment in Spain and its relationship with financial constraints and labor market shocks. Using microdata from firms and households, the thesis covers the period from the late 1990s through the aftermath of the 2008 financial crisis and the recent minimum wage reforms.The central aim is to understand how financial and labor institutions influence investment, productivity, and consumption...Esta tesis investiga la dinámica de la inversión corporativa en España y su relación con las restricciones financieras y los shocks del mercado laboral. Utilizando microdatos de empresas y hogares, la tesis abarca el período desde finales de los años noventa hasta las secuelas de la crisis financiera de 2008 y las recientes reformas del salario mínimo...