The Spanish Economy - A General Equilibrium Perspective

This book presents a series of innovative essays on the Spanish economy, focusing on simulations and evaluation of economic policies with a general equilibrium model. It offers interesting analytical tools to evaluate the stabilization policies and structural reforms applied during the subprime financial crisis in 2007. This book examines the effects of alternative demand and supply-side policies, some which have been implemented in the last two years. The research included highlights the usefulness of economic modelling in the design of policies and in the understanding of the Spanish economy. This book is essential reading for students and researchers interested in the field of Macroeconomics and economic modelling, as well as those researching the Spanish economy.

Introduction Long-run and Business Cycle Facts of the Spanish Economy A Rational Expectations Model for Simulation and Policy Evaluation of the Spanish Economy Tax Reforms and Labour-Market Performance The Economic Recovery With and Without Structural Reforms The Effects of Public Capital Endowments The International Competitivity of the Spanish Economy Conclusions