Publications

This paper delivers the first comprehensive estimate of the dynamic fiscal multiplier of defence spending for the EU-27 by exploiting exogenous accrual-based government defence outlays and a combination of linear and non-linear Local Projection methods.

Russia Launches Massive Drone & Missile Attack on Ukraine. Western Nations Sanction Israeli Officials. Reactions to US-China Trade Agreement.

The tariff hikes being pushed through by the United States since the start of Donald Trump's second term are genuinely unprecedented. Not in the last century have we witnessed such a sudden and erratic shift in trade policiy implemented within such a short space of time.

The House-passed budget, now before the Senate, backs fossil-fuel expansion over renewables. If this approach continues, U.S. decarbonization will likely slow, but it should not stop because of the economic rationale of the green transition.

Economic growth in Spain has been based on extensive factors (which may be temporary): incorporating more people into the labor market has been decisive. In contrast, productivity (the intensive and unlimited factor of growth) has yet to take off.

India & Pakistan ceasefire holds but tension remains. Chinese exporters cautiously optimistic. Khamenei has dismissed US demands to halt uranium enrichment

India and Pakistan ceasefire holds but tension remains. Chinese exporters cautiously optimistic. Trump lifts Syria sanctions.

Spain has led EU growth since the start of the war in Ukraine. However, weak growth in Europe, persistent geopolitical tensions, and erratic U.S. trade policy overshadow the outlook.