In this paper the sustainability of the Spanish fiscal policy is examined. The aim of the paper is to test whether the government's budget is balanced intertemporally in the context of a growing economy. where the variables are normalised by real GDP and population. The conclusions are, first, th...
Camarero, Mariam
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Esteve, Vicente
,
Tamarit, Cecilio
,
[Ausencia de señoreaje y Solvencia del Gobierno ante la U.E.M ¿Puede España cumplir ambas condiciones?]
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Ausencia de señoreaje y Solvencia del Gobierno ante la U.E.M ¿Puede España cumplir ambas condiciones?
This paper examines whether there is convergence between the interest rates of the Spanish and German economies or at least with a weighted average of the European Union (EU). For this purpose a time series approach is adopted and some unit root tests allowing for structural breaks when the break...
Camarero, Mariam
,
Esteve, Vicente
,
Tamarit, Cecilio
,
[Convergencia en Tipos de Interés de la Economía Española ante la Unión Monetaria Europea]
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Convergencia en Tipos de Interés de la Economía Española ante la Unión Monetaria Europea
In this paper we enquire about the link among Spanish real effective exchange rate relative to the EU, The terms of trade and the real interest rate differential over the period 1980-1994. This period is of interest to the Spanish economy due to the fact the monetary authorities were applying the...
Camarero, Mariam
,
Esteve, Vicente
,
Tamarit, Cecilio
,
[Efectos del Programa de Desinflación Competitiva en España sobre el Tipo de Cambio Real]
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Efectos del Programa de Desinflación Competitiva en España sobre el Tipo de Cambio Real