1. La economía española, su evolución y escenarios para la recuperación.
- Author
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Martínez Álvarez, José Antonio, Cortiñas Vázquez, Pedro, and Sánchez Figueroa, Cristina
- Subjects
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ECONOMIC recovery , *ECONOMIC development , *ECONOMIC models , *MACROECONOMICS , *ECONOMIC policy ,SPANISH economy - Abstract
This paper presents forecasts for the Spanish economy from 2013 to 2019, handling different scenarios for economic recovery and future development. These scenarios depend to a great extent on current and future policies. The estimates are calculated from ad-hoc simulations using a general demand equilibrium model based on the life-cycle hypothesis of Ando and Modigliani and on Hall's model of Friedman's permanent income hypothesis with rational expectations. This paper offers an outlook based on a dynamic macroeconomic scenario. It also considers some recommendations at national and supranational level for the Spanish economy to perform well. [ABSTRACT FROM AUTHOR]
- Published
- 2013