Boscá, J.E.; Díaz, A.; Doménech, R.; Ferri, J.; … - Institut d'Economia Internacional (IEI), Universitat Jaume I - 2007
This paper describes a Rational Expectations Model of the Spanish economy, REMS, which is in the tradition of small open economy dynamic general equilibrium models, with a strongly microfounded system of equations. The model is built on standard elements, but incorporates some distinctive...