Estimation and Empirical Validation of Structural Dynamic Stochastic Models for the Spanish Economy

Ponentes

13 Marzo

• • 11:00h - 11:15h
  • Welcome address

    José Luis Malo de Molina (DG Economics, Statistics and Research, Banco de España)

• • 11:15h - 12:00h
  • Invited lecture

    Frank Smets (DG Research, ECB)

• • 12:00h - 12:45h
  • "The drivers of housing cycles in Spain" ( 1 MB )

    Oriol Aspachs (La Caixa) and Pau Rabanal (IMF)

    Discussant: Stefano Neri (Banca d’Italia)

• • 12:45h - 13:30h
  • "Spain in the euro: a general equilibrium analysis" ( 534 KB )

    Carlos Thomas, Javier Andrés, Samuel Hurtado and Eva Ortega (Banco de España)

    Discussant: Jesús Vázquez (Univ. País Vasco)

• • 14:15h - 15:00h
  • Invited lecture II

    Fabio Canova (Univ. Pompeu Fabra)

• • 15:00h - 15:45h
  • "A rational expectations model for simulation and policy evaluation of the Spanish economy" ( 261 KB )

    J.E. Boscá, A.Díaz, R. Domenech, J. Ferri, L. Puch and E. Pérez 

    Discussant: Javier Pérez (Banco de España)

• • 16:15h - 17:00h
  • "MEDEA: a DSGE model for the Spanish economy" ( 1 MB )

    Pablo Burriel, J.Fernández-Villaverde and Juan Rubio-Ramírez (Banco de España)

    Discussant: Filippo Ferroni (Univ. Pompeu Fabra)

• • 17:00h - 17:45h
  • "Real convergence and its illusions: illustrative scenarios from the EAGLE model" ( 417 KB )

    Marcin Kolasa (Bank of Poland)

    Discussant: Javier Andrés (Univ. Valencia)

• • 17:45h - 18:00h
  • Final remarks

    Eva Ortega (Banco de España)