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Financial and fiscal shocks in the Great Recession and recovery of the Spanish economy

Publicada el viernes, 22 julio 2016 | Actualizada el martes, 26 julio 2016

Financial and fiscal shocks in the Great Recession and recovery of the Spanish economy

We present a new model to understand the effects of financial, fiscal, international trade, labour market and other shocks in the great recession and recovery of the Spanish economy. The model also allows us to simulate the effects of permanent and transitory changes in exogenous variables, in order to have an ex-ante evaluation of macroeconomic policies.

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