| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6217 |
| DP6217 The Effect of Monetary Policy on Exchange Rates During Currency Crises: The Role of Debt, Institutions and Financial Openness | |
| Sylvester Eijffinger; Benedikt Goderis | |
| 发表日期 | 2007-03-23 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Between 1850 and 2000, Spain?s real income increased by about 40-fold, at an average rate of 2.5 percent. The sources of this long-run growth are investigated using Jorgenson-type growth accounting analysis. We find that growth upsurges are closely related to increases in TFP. Spanish economic growth went through three successive phases. The century before 1950 was characterized by slow growth driven by factor accumulation. TFP improvements pushed up explosive growth during the Golden Age and mitigated the deceleration during the transition to democracy years (1975-86). Since the accession to the European Union Spain has experienced a dramatic productivity slowdown. |
| 主题 | International Macroeconomics |
| 关键词 | Growth accounting Total factor productivity Factor accumulation Spain |
| URL | https://cepr.org/publications/dp6217 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535052 |
| 推荐引用方式 GB/T 7714 | Sylvester Eijffinger,Benedikt Goderis. DP6217 The Effect of Monetary Policy on Exchange Rates During Currency Crises: The Role of Debt, Institutions and Financial Openness. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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