The goal of this article is to calculate the cumulative impact of the tax on the retail sales of certain fuels (IVMH, in Spanish initials) and its effects on some fundamental economic variables, on the price indices and on remaining tax collections. The novel aspect of this work is to use as...

In this work we conduct an impact analysis of European Structural Funds to assess their effect on output, prices and consumers' income on the European region of Andalusia, in the south of Spain. For this purpose we present an Applied General Equilibrium Model for Andalusia (AGEM_A) and proceed...

Standard expenditure multipliers capture economy-wide effects of new government projects only when financing constraints are not binding. In actual policy-making, however, new projects usually need financing. We show that under liquidity constraints, new projects are subject to two opposite...