Students Seminar

Moisés Meroño

Universidad de Alicante


Seminar 1 – 14:30


In this paper I develop a Dynamic Stochastic General Equilibrium model (DSGE) with tractable life cycle à la Gertler (1999) and underground production. I estimate the model using Spanish data and Bayesian techniques to determine the effects of informal labor and tax evasion on the social security system. In addition, I introduce a pay as you go public pension system and fiscal rules to analyze the policies implemented by the Spanish government. I found that the effects of several fiscal policies differ when we consider the existence of an underground sector.

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