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BEMOD: a DSGE model for the Spanish economy and the rest of the Euro area Author info | Abstract | Publisher info | Download info | Related research | Statistics Javier Andrés () (Banco de España)
Pablo Burriel () (Banco de España)
Ángel Estrada (Oficina Económica de Presidencia del Gobierno)
Additional information is available for the following
registered author(s):
In this paper we present the theoretical foundations and the simulation results obtained with a new dynamic general equilibrium model developed at the Banco de España for the Spanish economy and the rest of Euro area. The model is designed to help in simulating the effect of alternative shocks on the main aggregate variables. The main contributions of this work from a theoretical perspective are the modelling of a monetary union composed of two regions, the inclusion of housing as a durable good with its own sector of production and the degree and detail of the disaggregation considered for each country in the model, which replicates the Quarterly National Accounts. On the empirical side, the main contribution is the detailed calibration of the most important ratios of the Spanish and rest of the Euro area economies.
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Paper provided by Banco de España in its series Banco de España Working Papers with number
0631.
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Length: 97 pages
Date of creation: Nov 2006Date of revision:
Handle: RePEc:bde:wpaper:0631Contact details of provider: Email: Web page: http://www.bde.es/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (María D. González. Electronic Dissemination of Information Unit. Research Department. Banco de España).
Keywords: sdge model open economy simulation shocks macroeconomic policies Other versions of this item:
Find related papers by JEL classification: E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Luis J. Alvarez, 2007.
"What Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve? ,"
Kiel Working Papers
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Jesús Fernández-Villaverde & Juan F Rubio-Ramírez, 2007.
"How Structural Are Structural Parameters? ,"
Levine's Bibliography
843644000000000057, UCLA Department of Economics.
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