A quarterly macroeconometric model of the Spanish economy
This paper presents a new version of the Spanish quarterly macroeconometric model. The previous version [see Willman and Estrada (2002)] evidenced a number of shortcomings, some of which are redressed here. In particular, the model now uses seasonally and working days adjusted time series; it consid...
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| Formato: | Artículo |
| Lenguaje: | inglés |
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Banco de España
2004
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| Acceso en línea: | https://dialnet.unirioja.es/servlet/oaiart?codigo=934606 |
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| _version_ | 1879196544048037888 |
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| author | Fernández, José Luis Moral, Esther Regil, Ana Estrada García, Angel |
| author_browse | Estrada García, Angel Fernández, José Luis Moral, Esther Regil, Ana |
| author_facet | Fernández, José Luis Moral, Esther Regil, Ana Estrada García, Angel |
| author_sort | Fernández, José Luis |
| building | Dialnet |
| collection | Acceso abierto |
| description | This paper presents a new version of the Spanish quarterly macroeconometric model. The previous version [see Willman and Estrada (2002)] evidenced a number of shortcomings, some of which are redressed here. In particular, the model now uses seasonally and working days adjusted time series; it considers a breakdown by sector (government and private sectors), by external trade (euro area and rest of the world) and by investment (residential and productive); and finally, it includes wealth evaluated at market prices. While the long run properties of the old model have not changed substantially, in the short run different simulation exercises show that the new model provides stronger responses in the first two years and a prompter and faster return to the baseline values. |
| first_indexed | 2026-10-16T05:57:15Z |
| format | Article |
| fullrecord | <oai_dc:dc xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><identifier>dialnet-ART0000000950</identifier><datestamp>2026-01-20</datestamp><dc:title>A quarterly macroeconometric model of the Spanish economy</dc:title><dc:creator>Fernández, José Luis</dc:creator><dc:creator>Moral, Esther</dc:creator><dc:creator>Regil, Ana</dc:creator><dc:creator>Estrada García, Angel</dc:creator><dc:description>This paper presents a new version of the Spanish quarterly macroeconometric model. The previous version [see Willman and Estrada (2002)] evidenced a number of shortcomings, some of which are redressed here. In particular, the model now uses seasonally and working days adjusted time series; it considers a breakdown by sector (government and private sectors), by external trade (euro area and rest of the world) and by investment (residential and productive); and finally, it includes wealth evaluated at market prices. While the long run properties of the old model have not changed substantially, in the short run different simulation exercises show that the new model provides stronger responses in the first two years and a prompter and faster return to the baseline values.</dc:description><dc:publisher>Banco de España</dc:publisher><dc:date>2004</dc:date><dc:type>text (article)</dc:type><dc:format>application/pdf</dc:format><dc:identifier>https://dialnet.unirioja.es/servlet/oaiart?codigo=934606</dc:identifier><dc:identifier>(Revista) ISSN 0213-2710</dc:identifier><dc:source>Documentos de trabajo - Banco de España, ISSN 0213-2710, Nº 13, 2004, pags. 1-61</dc:source><dc:language>eng</dc:language><dc:rights>LICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI</dc:rights></oai_dc:dc> |
| id | dialnet-ART0000000950 |
| institution | Dialnet |
| language | eng |
| last_indexed | 2026-10-16T05:57:15Z |
| publishDate | 2004 |
| publishDateRange | 2004 |
| publishDateSort | 2004 |
| publisher | Banco de España |
| publisherStr | Banco de España |
| record_format | oai_dc |
| spelling | dialnet-ART00000009502026-01-20A quarterly macroeconometric model of the Spanish economyFernández, José LuisMoral, EstherRegil, AnaEstrada García, AngelThis paper presents a new version of the Spanish quarterly macroeconometric model. The previous version [see Willman and Estrada (2002)] evidenced a number of shortcomings, some of which are redressed here. In particular, the model now uses seasonally and working days adjusted time series; it considers a breakdown by sector (government and private sectors), by external trade (euro area and rest of the world) and by investment (residential and productive); and finally, it includes wealth evaluated at market prices. While the long run properties of the old model have not changed substantially, in the short run different simulation exercises show that the new model provides stronger responses in the first two years and a prompter and faster return to the baseline values.Banco de España2004text (article)application/pdfhttps://dialnet.unirioja.es/servlet/oaiart?codigo=934606(Revista) ISSN 0213-2710Documentos de trabajo - Banco de España, ISSN 0213-2710, Nº 13, 2004, pags. 1-61engLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI |
| spellingShingle | Fernández, José Luis Moral, Esther Regil, Ana Estrada García, Angel A quarterly macroeconometric model of the Spanish economy |
| title | A quarterly macroeconometric model of the Spanish economy |
| title_full | A quarterly macroeconometric model of the Spanish economy |
| title_fullStr | A quarterly macroeconometric model of the Spanish economy |
| title_full_unstemmed | A quarterly macroeconometric model of the Spanish economy |
| title_short | A quarterly macroeconometric model of the Spanish economy |
| title_sort | quarterly macroeconometric model of the spanish economy |
| url | https://dialnet.unirioja.es/servlet/oaiart?codigo=934606 |
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