دانلود مقاله با موضوع اثرات تثبیت کننده اقتصادی سیاست ها در اسپانیا در زمان کووید -19
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موضوع به انگلیسی:The stabilizing effects of economic
policies in Spain in times of
COVID-19
بخشی از متن:Abstract
Purpose – This paper aims to analyse the stabilizing macroeconomic effects of economic policies during the
COVID-19 crisis in Spain.
Design/methodology/approach – The contribution of the structural shocks that explain the behaviour
of the main macroeconomic aggregates during 2020 are estimated, and the effects of economic policies are
simulated using a dynamic stochastic general equilibrium (DSGE)model estimated for the Spanish economy.
Findings – The results highlight the importance of supply and demand shocks in explaining the COVID-19
crisis. The annual fall in gross domestic product (GDP) moderates at least by 7.6 points in the most intense
period of the crisis, thanks to these stabilizing policies. Finally, the potential effects of Next Generation EU in
the Spanish economy are estimated. Assuming that Spain may receive from the EU between 1.5 and 2.25
percentage points (pp) of GDP, activity could increase to between 2 and 3 pp in 2024