Financial and fiscal shocks in the Great Recession and recovery of the Spanish economy
Published on Monday, September 3, 2018 | Updated on Monday, September 3, 2018
Financial and fiscal shocks in the Great Recession and recovery of the Spanish economy
Summary
We present a new Bayesian DSGE model with a banking sector for the Spanish economy, designed to evaluate structural reforms and to decompose the main macroeconomic aggregates into structural shocks. Our analysis highlights the fundamental role of financial conditions during the Great Recession and the subsequent recovery of the Spanish economy.
Geographies
- Geography Tags
- Spain
Topics
- Topic Tags
- Regional Analysis Spain
Authors
José Emilio Boscá
University of Valencia and Fedea - External partner
Rafael Doménech
BBVA Research - Head of Economic Analysis
Javier Ferri
Valencia University and Fedea - External partner
Rodolfo Méndez-Marcano
Juan Rubio
Emory University, CEPR and Federal Reserve of Atlanta - External partner