reforms latest publications

May 30, 2022

Spain | Pensions: insufficient reforms and challenges still to be overcome

This article addresses a number of recent, ongoing changes to the pension system in Spain, notably the revaluation of pensions based on the CPI, the introduction of the Intergenerational Equity Mechanism, and occupational and individual pension plans. We also discuss the key challenges that lie ahead.

June 28, 2021

Spain | Recovery plan: the assessment does not end here

The plan is sufficient and ambitious, it contains a proper diagnosis and assigns funds in line with NGEU objectives. It also has omissions and weaknesses. The vagueness about reforms is a particular cause for concern.

November 30, 2020

Spain | Outlook of the country's economy for 2021

Current global circumstances will enable the recovery of the Spanish economy to continue in 2021 and will mean that the speed of this recovery depends almost entirely on how successfully national public policies and the private sector manage their way out of the crisis.

February 27, 2020

Fiscal Consolidation: A Demanding Challenge

Predictably, Spain closed 2019 with a public deficit that was closer to 2.5% of GDP than to 2%, meaning little change in comparison with 2018. This almost complete lack of improvement means that fiscal consolidation efforts will be carried over to this year.

December 2, 2019

Latin America: Lost in its Own Labyrinth

A wave of protests has shaken Latin America in recent months. The increase in social unrest has led to mass protests in countries such as Chile, Colombia, Ecuador and Bolivia. There are also worries that this could spread to other parts of the region.

June 11, 2018

Regulatory reform in the USA: From words to deeds

Since Donald Trump took office in 2017, the United States has embarked on a process of easing and recalibration of its financial regulation. While this process will not entail a dismantling of its regulatory framework, it is certainly the largest overhaul made since the last financial crisis.

June 6, 2016

Crisis y convergencia

Desde 2007 ha aumentado la desigualdad entre regiones. ¿Ha revertido este comportamiento con la recuperación? La respuesta es que no.

March 22, 2016

Los efectos de la flexibilidad salarial sobre el crecimiento y el empleo

En este trabajo se estima el impacto macroeconómico de la mayor flexibilidad salarial e interna en las empresas favorecida por los distintos cambios en la regulación laboral aprobados a partir de 2012 en España.