| 000 | 02015nam a22002777a 4500 | ||
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| 003 | ES-MaBCM | ||
| 005 | 20240304220008.0 | ||
| 008 | 240304s2024 sp |||||s|||| 00| 0 eng d | ||
| 040 | _cES-MaBCM | ||
| 100 | 1 |
_9129275 _aDomínguez-Díaz, Rubén |
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| 245 | 1 | 0 |
_aThe medium-term effects of investment stimulus _cRubén Domínguez-Díaz, Samuel Hurtado, Carolina Menéndez _h[Recurso electrónico] |
| 260 |
_aMadrid _b : Banco de España _c , 2024 |
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| 300 | _a47 p. | ||
| 490 | 0 |
_aDocumentos de trabajo _v2402 |
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| 504 | _aIncluye referencias bibliográficas. | ||
| 520 | _aThis paper presents an endogenous growth general equilibrium model (EGGEM) of firm dynamics and innovative investment for the Spanish economy that allows the medium-term effects of economic policies and shocks to be better understood. The model is calibrated using both aggregate and firm-level data. It is then used to assess the medium-term macroeconomic consequences of the different components of the Next Generation EU (NGEU) programme, including public investment, private capital transfers and innovative investment transfers. According to our baseline simulation, the NGEU funds significantly foster economic activity by raising aggregate productivity, private investment and employment. As a result, annual GDP growth is increased by 0.17 percentage points on average over the period of NGEU disbursement. Among the different policy instruments considered, we find that innovation transfers have the largest impact on aggregate output, only matched by increases in the stock of public capital if it is highly efficient. | ||
| 650 | 0 | _aNext Generation EU | |
| 650 | 7 | _aCrecimiento económico | |
| 650 | 7 | _aDesarrollo económico | |
| 651 | 4 |
_9115342 _aEspaña |
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| 700 | 1 |
_9129276 _aHurtado, Samuel |
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| 700 | 1 |
_9129277 _aMenéndez, Carolina |
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_uhttps://mpr.bage.es/cgi-bin/koha/opac-retrieve-file.pl?id=146900bfae378a6ed22f79ec9041a10b _yDESCARGAR DOCUMENTO |
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| 942 | _cLE | ||
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_c226772 _d226772 |
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