How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle

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 demand shock. Spain seems to have long business... READ MORE...

Publication date: June 1997
ISBN 9781451849554
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