How Long is the Long Run?: A Dynamic Analysis of the Spanish Business Cycle
This paper studies the sources of Spanish business cycles. It assumes that Spanish output is affected by two types of shocks. The first one has permanent long-run effects on output and it is identified as a supply shock. The second one has only transitory effects on output and it is identified as a...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 97/74 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper studies the sources of Spanish business cycles. It assumes that Spanish output is affected by two types of shocks. The first one has permanent long-run effects on output and it is identified as a supply shock. The second one has only transitory effects on output and it is identified as a demand shock. Spain seems to have long business cycles, of about 15 years. As restrictive demand policies to control the inflation rate could prove painful and disappointing, supply side policies aimed at reducing rigidities in the product and labor market would be a better way to achieve the same objective |
| Beschreibung: | 1 Online-Ressource (31 p) |
| ISBN: | 1451849559 9781451849554 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:24Z |
| indexdate | 2024-07-10T09:35:33Z |
| institution | BVB |
| isbn | 1451849559 9781451849554 |
| language | English |
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| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
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| physical | 1 Online-Ressource (31 p) |
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| publishDate | 1997 |
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| publisher | International Monetary Fund |
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| spelling | Lopez, J. Humberto Verfasser aut How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle Lopez, J. Humberto Washington, D.C International Monetary Fund 1997 1 Online-Ressource (31 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/74 This paper studies the sources of Spanish business cycles. It assumes that Spanish output is affected by two types of shocks. The first one has permanent long-run effects on output and it is identified as a supply shock. The second one has only transitory effects on output and it is identified as a demand shock. Spain seems to have long business cycles, of about 15 years. As restrictive demand policies to control the inflation rate could prove painful and disappointing, supply side policies aimed at reducing rigidities in the product and labor market would be a better way to achieve the same objective Online-Ausg Fabrizio, Stefania Sonstige oth Ubide, Angel J. Sonstige oth http://elibrary.imf.org/view/IMF001/03155-9781451849554/03155-9781451849554/03155-9781451849554.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Lopez, J. Humberto How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle |
| title | How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle |
| title_auth | How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle |
| title_exact_search | How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle |
| title_exact_search_txtP | How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle |
| title_full | How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle Lopez, J. Humberto |
| title_fullStr | How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle Lopez, J. Humberto |
| title_full_unstemmed | How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle Lopez, J. Humberto |
| title_short | How Long is the Long Run? |
| title_sort | how long is the long run a dynamic analysis of the spanish business cycle |
| title_sub | A Dynamic Analysis of the Spanish Business Cycle |
| url | http://elibrary.imf.org/view/IMF001/03155-9781451849554/03155-9781451849554/03155-9781451849554.xml |
| work_keys_str_mv | AT lopezjhumberto howlongisthelongrunadynamicanalysisofthespanishbusinesscycle AT fabriziostefania howlongisthelongrunadynamicanalysisofthespanishbusinesscycle AT ubideangelj howlongisthelongrunadynamicanalysisofthespanishbusinesscycle |