alert_servicealert_serviceENTER user_add user_add NEW USER

Forgot your password?


Stay logged in to leave
Publication date
From
To
x

Your space


Forgot your password?
x

Login to participate



Not registered yet? Register now
x
Make your search by entering the text:
Make your search for other criteria:

Catalog Icon

Financial and Fiscal Shocks in the Great Recession and Recovery of the Spanish Economy

Document Number 18/08

By , , , ,

In this paper we develop and estimate a new Bayesian DSGE model for the Spanish economy that has been designed to evaluate different structural reforms.

Available in English

Catalog Icon

Spain | A more expansive fiscal policy could make it difficult to achieve the objectives

By

Public administrations met the 2017 stability target, thanks to the economic recovery and contained public expenditure. In 2018, in a favorable economic environment, the recent performance of public accounts suggests a more expansive path in fiscal policy. In this context, the announced measures could make it difficult to achieve the stability objectives for 2018 and 2019.

Geographies:Spain

Available in Spanish

Catalog Icon

Presentation Peru Economic Outlook. Second quarter 2018

By , , , , ,

We forsee growth of 3.2% in 2018 and 3.5% for next year. The forecasts take into account a favourable international environment for Peru. On the domestic front we are assuming a calmer political scenario, a fiscal stimulus in 2018 and a commencement of the deficit reduction by the government next year.

Units:
Geographies:Latin America Peru

Available in Spanish, English

Catalog Icon

Peru Economic Outlook. Second quarter 2018

By , , , , ,

We forsee growth of 3.2% in 2018 and 3.5% for next year. The forecasts take into account a favourable international environment for Peru. On the domestic front we are assuming a calmer political scenario, a fiscal stimulus in 2018 and a commencement of the deficit reduction by the government next year.

Units:
Geographies:Latin America Peru

Available in Spanish, English

Catalog Icon

Rainy days in Europe

By

The debate on how to advance towards greater integration in Europe is intensifying with the approach of June, the self-imposed deadline for Europe’s leaders to come up with specific new reforms for the euro zone. The International Monetary Fund has recently joined the fray with a proposal for a stabilisation fund to cushion fluctuations in the economic cycle.

Available in Spanish, English

Catalog Icon

U.S. | Whites of Inflation’s Eyes in Powell’s Crosshairs

By

Factors that pre-date the crisis such as globalization, innovation, demographics and productivity explain bulk of persistent undershooting of the inflation target. Although there is a more tenuous relationship between labor market slack and wages, some further tightening could help lift prices above the 2% target in the medium-run.

Geographies:USA

Available in Spanish, English

Catalog Icon

Reaching the 2019 deficit target will require additional fiscal adjustments

By

The recovery of activity and a strong control of spending anticipate the compliance with the stability target of 2017. With a broadly neutral fiscal stance for 2018 and 2019, Spain will exit the excessive deficit protocol, but it could fail to achieve its targets.

Geographies:Spain

Available in Spanish

Catalog Icon

Economic growth will allow to reduce public deficit below 3% of GDP in 2018

By

The recovery of activity and a strong control of spending are driving fiscal adjustment. In this context, the probability of fulfilling the 2017 objective is high. Spain will exit the excessive deficit protocol in 2018. However, imbalances - that require that the fiscal discipline continues - persist.

Geographies:Spain

Available in Spanish

Catalog Icon

Economic recovery facilitates compliance with stability targets

By

The deficit adjustment continues in April 2017, led by Central government. In this scenario, the stability objectives are achievable thanks to the economic recovery. Given the persistence of imbalances, such as high public debt levels, there is still much work to be done for the control of the public accounts.

Geographies:Spain

Available in Spanish

Catalog Icon

Fiscal Policy in Europe: Lessons from the Crisis and Options for the Future

By ,

We analyse fiscal policy in the Eurozone during the last crisis in order to obtain the main lessons for the current debate on how to strength the European Monetary Union. We show that the interaction between uncertainties on national policies of countries with macroeconomic imbalances and an incomplete monetary union.

Geographies:Europe

Available in English

Catalog Icon

Budgetary stability and reforms: lessons from the crisis and challenges pending

By ,

All the signs are that in the next few days Congress will give its definitive approval to the General State Budget for 2017 following intense debate. The pace and make-up of fiscal consolidation and the fiscal policy options have again been subjected to multiple amendments.

Geographies:Spain

Available in Spanish, English

Catalog Icon

U.S. | Weekly podcast: infrastructure spending, a need rather than a stimulus

By

Discussion on infrastructure spending: the economic impact, current state of infrastructure, and funding options

Geographies:USA

Catalog Icon

The beginning of 2017 shows a good performance of fiscal stance

By

Spain reached the stability target in 2016, due to expenditure containment and fiscal measures adopted in the last quarter. In 2017, in a favourable economic environment, the recent performance of public accounts suggests that the deficit adjustment continues. 2017 and 2018 stability objectives are achievable, but will require a tight control of public expenditure.

Geographies:Spain

Available in Spanish

Catalog Icon

Tracking chinese vulnerability in real time using Big Data

Document Number 17/13

By , , , ,

We develop an indicator to track vulnerability sentiment in China. In order to ensure robustness and depth, we use a combination of traditional macroeconomic and financial time series with textual analysis using Big Data techniques.The index is composed by the following dimensions: state owned enterprises; shadow banking; housing market bubble and exchange rate market.

Available in English

Catalog Icon

China | Vulnerability sentiment edging towards neutral

By , , ,

Our China Vulnerability Sentiment Index (CVSI) moderated in April after improving since July 2016. The CVSI is now edging to neutral, however the components of the index show divergence. The moderation can be related to a decline in housing and FX components. The shadow banking component remained positive on a tighter monetary policy stance and macroprudential measures.

Available in English

FOLLOW US ON SOCIAL NETWORKS
OUR VIDEOS
Digital economy
Mexico publications
Spain publications
USA publications
Europe publications
Financial regulation
Market Comment
Infographies
Anuari 2017
Working Papers