Published on Monday, October 3, 2016 | Updated on Monday, October 3, 2016
The Effects of Wage Flexibility on Activity and Employment in the Spanish Economy
Summary
We estimate the macroeconomic effects of the greater wage and firms' internal flexibility promoted by various changes in Spanish labour regulations approved since 2012 and by the Second Agreement on Employment and Collective Bargaining. We propose a structural VAR that allows us to decompose the changes in the main macroeconomic variables into different structural shocks.
Geographies
- Geography Tags
- Spain
Topics
- Topic Tags
- Employment
- Macroeconomic Analysis
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Authors
RD
Rafael Doménech
BBVA Research - Head of Economic Analysis
JG
Juan Ramón García
BBVA Research - Principal Economist