A dynamic macroeconomic analysis of the Greek crisis. Analysis of the current problems of the Greek economy using an open-economy dynamic macroeconomic model that incorporates public debt
Fecha
2016Autor
Director
Versión
Acceso abierto / Sarbide irekia
Tipo
Trabajo Fin de Grado/Gradu Amaierako Lana
Impacto
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nodoi-noplumx
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Resumen
The main goal of this paper is to explain the reasons behind the weak economic situation
of Greece. Through the analysis of the evolution of several macroeconomic variables, it is
possible to offer the reader a clear understanding about the magnitude of the Greek
economic contraction in comparison with the partners of the Euro Area. In addition, I
estimate the evolution of the Greek economy u ...
[++]
The main goal of this paper is to explain the reasons behind the weak economic situation
of Greece. Through the analysis of the evolution of several macroeconomic variables, it is
possible to offer the reader a clear understanding about the magnitude of the Greek
economic contraction in comparison with the partners of the Euro Area. In addition, I
estimate the evolution of the Greek economy under certain different scenarios. In order to
do it, a dynamic macroeconomic model is going to be developed and solved through the
Minimal State Variable (MSV) solution and using econometric techniques to calibrate the
model and adjust it to the specific characteristics of Greece. I run four different simulations
to analyze how the economy would react to either a fiscal shock or a risk premium shock. [--]
Materias
Greek crisis,
Optimum Currency Area (OCA),
Minimal State Variable (MSV),
Dynamic macroeconomic model,
Public debt,
Fiscal shock
Titulación
Enpresen Administrazio eta Zuzendaritzan Nazioarteko Graduatua / Ekonomian Nazioarteko Graduatua Nafarroako Unibertsitate Publikoan /
Graduado o Graduada Internacional en Administración y Dirección de Empresas / Graduado o Graduada Internacional en Economía por la Universidad Pública de Navarra