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If there is one thing we have learned over the past two centuries of ups and downs, it is that the key to overcoming turbulent times is strong and shared economic growth.

It is now almost cliché to say that the German crisis is due to the sudden collapse of the network formed by cheap Russian gas, Chinese demand and the defensive umbrella of the United States. The problems facing the German economy are structural rather than conjunctural.

The monetary poverty rate increased from 27.5% in 2022 to 29.0% in 2023 (BBVA Research estimate published in March of this year: 29.1%), moving further away from the pre-pandemic level (the lowest in 16 years) and returning to a record similar …

Peru's poverty data for 2023 showed a significant setback. This evolution reveals the need to relaunch the policies and reforms that accelerated growth between 2004 and 2019.

Spain's positive growth differential with the EU is good news, but it can be exhausted and is not enough to reduce the gap between GDP per capita and productivity, which is the only engine capable of generating sustained growth.

To avoid a ‘demographic winter’ scenario, Spain needs immigration. But just because it is necessary does not mean that it is sufficient, nor that it does not pose major challenges for the labor market and when it comes to social cohesion.

Based on the endogenous growth model of Lucas (1988 and 1990), in this Working Paper we propose a method to measure the total contribution of human capital to the variance of GDP per capita in a large sample of countries from 1960 to 2015.

GDP continues to rise sharply. However, the data shows a growth pattern that is unlikely to be sustainable in the long term. Even so, the differential growth that the Spanish economy is showing is something to be celebrated.

Poverty was reduced in Colombia last year. In 2023, 338 thousand people were lifted out of multidimensional poverty, bringing poverty from 12.9% of the population in 2022 to 12.1% in 2023. And it was reduced mainly in the countryside. Informali…

Spain has committed to undertake a huge fiscal adjustment over the next few years. While the impact on the economy will depend on its composition, evidence suggests that it may be significant. Even if this is not the case, it will create social…

The meetings of the International Monetary Fund (IMF) are useful to gauge the health of the economy and analyze the challenges it faces. The snapshot this year has been upbeat since global growth forecasts have been revised up and the IMF has attached less importance to the myriad risks it had outlined.

This Working Paper contributes to the existing literature by examining the welfare implications of degrowth. We use an environmental Dynamic General Equilibrium (eDGE) model, calibrated to replicate the most relevant macroeconomic and environmental features of Spain.