Factores explicativos del deflactor del PIB desde el inicio de la pandemia

  1. José E. Boscá 1
  2. Rafael Doménech 2
  3. Javier Ferri 1
  4. Camilo A. Ulloa 3
  1. 1 Universidad de Valencia y Fedea
  2. 2 BBVA Research y Universidad de Valencia
  3. 3 BBVA Research
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Journal:
Información Comercial Española, ICE: Revista de economía

ISSN: 0019-977X

Year of publication: 2022

Issue Title: El proceso inflacionario en España y el área del euro: un análisis económico

Issue: 929

Pages: 67-84

Type: Article

DOI: 10.32796/ICE.2022.929.7528 DIALNET GOOGLE SCHOLAR lock_openOpen access editor

More publications in: Información Comercial Española, ICE: Revista de economía

Abstract

In contrast to imported inflation, the growth rate of the GDP deflator is a more appropriate indicator than CPI inflation to monitor the extent to which our economy generates additional pressure on price growth and to serve as a basis for a potential income pact. In this paper, we use a stochastic dynamic general equilibrium model, estimated for the Spanish economy, to assess the contribution of the main factors determining the evolution of the GDP deflator and real wages since the start of the pandemic

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