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Private sector Social Security registrations in Catalonia have slowed down markedly since mid-2017. The analysis presented suggests that the increased uncertainty in the region had a negative effect on employment, reducing job creation by about 30,000 jobs.

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 c…

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 Br…

Two year highs in uncertainty inauspicious sign for growth in 2016. Lending activity could suffer if banks grow wary of economic outlook. Likelihood of Fed raising rates low amidst geopolitical or policy tumult

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.

In this paper we suggest a set of indicators about the future performance of the Spanish public pension system