How Long is the Long Run? : A Dynamic Analysis of the Spanish Business Cycle /

This paper studies the sources of Spanish business cycles. It assumes that Spanish output is affected by two types of shocks. The first one has permanent long-run effects on output and it is identified as a supply shock. The second one has only transitory effects on output and it is identified as a...

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Bibliographic Details
Main Author: Lopez, J.
Other Authors: Fabrizio, Stefania, Ubide, Angel
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997.
Series:IMF Working Papers; Working Paper ; No. 1997/074
Online Access:Full text available on IMF