Publications

Geopolitical uncertainty threatens to exacerbate the growth traps that plague many countries at different levels of development.

In the face of increasing evidence of the consequences of human-caused climate change, inaction is not an option. Climate mitigation and adaptation policies must be further promoted, including appropriate incentives to finance investment needs of uncertain estimation.

The fact that we are not seeing any significant deterioration in activity, in view of the uncertainty arising from the political environment in Catalonia, has cast doubt on estimates of the negative impact that these events could be having. It is very likely that the increased uncertainty is reducing the Spanish economy’s capacity for growth.

The year 2017 started with plenty of uncertainty for the global economy. President Trump had just been elected, the emerging economies were not doing particularly well and Europe was facing a difficult electoral cycle, with the memory of the Brexit referendum still fresh.

Decía Kant que la inteligencia de un individuo se mide por la cantidad de incertidumbre que es capaz de soportar. A la vista de las cifras de consumo, alguien podría concluir que los españoles destacan por su clarividencia y erudición.

I am part of a cult. At least that is the perception of many economists when I tell them that I studied for my Ph.D. in Minnesota. Since 2000, 6 people who studied or pursued the most important part of their research agenda at the Faculty of Economics of the University of Minnesota have won the Nobel Prize.