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Cyclical patterns of the Spanish economy in Europe

Author

Listed:
  • Luis J. Álvarez

    (Banco de España)

  • M.ª Dolores Gadea

    (University of Zaragoza)

  • Ana Gómez Loscos

    (Banco de España)

Abstract

The main aim of this paper is to provide a set of stylised facts on the regularities of cyclical patterns in Spain compared with those of the major European countries and to analyse the synchronisation of the main real variables of these economies, which have close trading and financial relationships. A sectoral approach is used to take into account the heterogeneous behaviour of the different supply and demand components.

Suggested Citation

  • Luis J. Álvarez & M.ª Dolores Gadea & Ana Gómez Loscos, 2021. "Cyclical patterns of the Spanish economy in Europe," Occasional Papers 2103, Banco de España.
  • Handle: RePEc:bde:opaper:2103e
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    More about this item

    Keywords

    synchronisation; business cycle; heterogeneity;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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