RT Journal Article
T1 Exploring the sources of Spanish macroeconomic fluctuations: An estimation of a small open economy DSGE model
A1 Martín Moreno, José M
A1 Pérez Sánchez, Rafaela María
A1 Ruiz Andújar, Jesús
AB 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.
PB Elsevier
SN 1059-0560
YR 2016
FD 2016
LK https://hdl.handle.net/20.500.14352/23589
UL https://hdl.handle.net/20.500.14352/23589
LA eng
NO Ministerio de Economía y Competitividad (MINECO)/FEDER
NO Xunta de Galicia
DS Docta Complutense
RD 24 abr 2025