The Research Project Macroeconomic modelling and policy is funded by the Rafael del Pino Foundation and BBVA. The project is supported by the State Secretariat for Budgets and Expenditure of the Ministry of Finance and Public Administrations and the State Secretariat for Economy and Business Support of the Ministry of Economy and Competitiveness.
In this second phase of the research, the database has been consolidated and the REMS model has been improved.Rational Expectations Model for the Spanish Economy-This model allows the study of the consequences of a wide range of economic policy measures, permanent or transitory and realised or expected. This model is particularly appropriate for the study of the effects of fiscal and monetary policy, energy policy, labour policy and trade policy.
This research project is led by researchers Javier Ferri, José Emilio Boscá and Rafael Doménech. The work carried out has materialised in the creation of the Economic Cycle Observatory in SpainThe Spanish economy, an indisputable point of reference in the study of the Spanish economic situation.
