Previous research considered the impacts of fiscal policy on economic activity in Spain using Vector autoregression (VAR) models. In this paper, we contribute to the existing literature by making use of autoregressive distributed lag estimation procedures that present significant advantages over...

In this paper, we assess the economic impact on the Spanish economy resulting from European Union enlargement. We present a detailed analysis of the process of negotiation for candidate countries and an outline of their economic situation, as well as a first qualitative balance of the effects of...

The cyclical pattern of labor productivity has been a subject of discussion in the economic literature for long time with important theoretical implications.Many authors point out the role of labor market institutions as determinants of the cyclical pattern. For these authors, the loss of...

We examine the predictive ability, the consistency properties and the possible driving forces of inflation expectations, using a survey conducted in Spain by PwC among a panel of experts and entrepreneurs. When analysing the headline inflation rate, our results suggest that the PwC panel has...

We examine the predictive ability and consistency properties of exchange rate expectations for the dollar/euro using a survey conducted in Spain by PwC among a panel of experts and entrepreneurs. Our results suggest that the PwC panel have some forecasting ability for time horizons from 3 to 9...

This paper presents an empirical evaluation of the economic effects of the Structural Funds received by the Spain's Objective 1 regions through the Community Support Framework (CSF). The empirical results suggest that the funds have significantly contributed to economic growth, as well as to...

This paper offers an empirical evaluation of the economic effects of the European Structural and Cohesion aids (or Community Support Frameworks, CSF) received since 1989, or yet to be received until 2006, by Spain, amounting to a total of almost 100 billion euros at 1999 prices. To that end, we...