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How powerful are “Real Business Cycle” models for explaining fluctuations in Spain and the UK?

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dc.contributor Jerbashian, Vahagn
dc.creator Andrés Escayola, Erik
dc.date 2017-03-16T12:56:53Z
dc.date 2017-03-16T12:56:53Z
dc.date 2017-02
dc.date.accessioned 2024-12-16T10:23:57Z
dc.date.available 2024-12-16T10:23:57Z
dc.identifier http://hdl.handle.net/2445/108503
dc.identifier.uri http://fima-docencia.ub.edu:8080/xmlui/handle/123456789/16842
dc.description Treballs Finals del Grau d'Economia, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2016-2017 , Tutor: Vahagn Jerbashian
dc.description This thesis aims to assess the predictions of standard neoclassical Real Business Cycle models for Spain and the United Kingdom by comparing statistical moments that describe real business cycles and the empirical moments. For this, I present the neoclassical theory of business cycles and its modelling methodology. I continue showing how I derive the model used. Then, I undertake modifications of the model in order to relax some of the stringent neoclassical assumptions for the purpose of checking if these extensions help the model better fit the data for these countries. Out of the most appropriate extensions, I put together a final model so to compare the standard version with an extended version of the Neoclassical model. Moreover, I explain how to translate the theoretical mechanisms described into an empirical exercise for Spain and the UK. I later discuss the results I obtain and its intuition behind. Finally, I evaluate the results in order to conclude which model extension is most appropriate for the countries analysed.
dc.format 80 p.
dc.format application/pdf
dc.language eng
dc.rights cc-by-nc-nd (c) Andrés Escayola, 2017
dc.rights http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights info:eu-repo/semantics/openAccess
dc.source Treballs Finals de Grau (TFG) - Economia
dc.subject Economia
dc.subject Cicles econòmics
dc.subject Equilibri (Economia)
dc.subject Previsió econòmica
dc.subject Treballs de fi de grau
dc.subject Economics
dc.subject Business cicles
dc.subject Equilibrium (Economics)
dc.subject Economic forecasting
dc.subject Bachelor's theses
dc.title How powerful are “Real Business Cycle” models for explaining fluctuations in Spain and the UK?
dc.type info:eu-repo/semantics/bachelorThesis


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