Abstract
REMS is a small open economy dynamic general equilibrium (DGE) model that attempts to feature the main characteristics of the Spanish economy. It builds on the existing literature on macroeconomic models.1 The model is primarily intended to serve as a simulation tool for the Spanish Ministry of Economic and Financial Affairs, with a focus on the economic impact of alternative policy measures over the medium term. The most valuable asset of REMS is the rigour of the analysis of the transmission channels linking policy options to economic outcomes.
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© 2011 J. E. Boscá, A. Díaz, R. Domènech, J. Ferri, E. Pérez and L. Puch
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Boscá, J.E., Díaz, A., Doménech, R., Ferri, J., Pérez, E., Puch, L. (2011). REMS. In: Boscá, J.E., Doménech, R., Ferri, J., Varela, J. (eds) The Spanish Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230307544_2
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DOI: https://doi.org/10.1057/9780230307544_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32980-9
Online ISBN: 978-0-230-30754-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)