Head of Economic Analysis
Rafael Doménech is the Head of Economic Analysis of BBVA Research and Professor of Economics at the University of Valencia.MSc in Economics, London School of Economics. PhD in Economics, University of Valencia. Director General at the Economic Bureau of the Spanish Prime Minister (2007-8). He also has been director of the International Economic Institute and member of the Advisory Board of the University of Valencia. External researcher of the Spanish Ministry of the Economy and Finance and the Fundación Rafael del Pino. He was appointed by the Spanish Government as a member of the Expert Committee on the Sustainability Factor of the Public Pension System.Fellow of the Spanish Economy Association. He has been member of the editorial boards of the main Spanish journals in Economics. He has published numerous articles in well-known international scientific journals on economic growth, human capital, business cycles, and fiscal and monetary policies. He is author of two books on the Spanish economy: The Spanish Economy: A General Equilibrium Perspective (Palgrave MacMillan) and En Busca de la Prosperidad and La Era de la Disrupción Digital (Deusto).
Inflation has returned and has done so at rates not seen for decades in most developed economies. Spain has not remained unaffected by this episode of global inflation.
A specific tax on banks leads to an equilibrium with less credit and a higher cost, lower growth in activity and employment, and lower revenues than initially expected.
While real-time indicators of GDP growth in Spain point to an acceleration in the second quarter compared to the first, uncertainty has increased significantly due to the risk of an international recession.