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    AIReF English

    “Our mission is to guarantee effective compliance of the financial sustainability principle by the General Goverment”

    Working paper 1/2018. Some Unpleasant Labor Arithmetics: A tale of the Spanish 2012 Labor Market Reform

    The 2008 economic and financial crisis and its posterior EU banking and sovereign debt dimensions highlighted some unresolved structural issues in the Spanish labor market, exacerbating unemployment issues. Duality between permanent and temporary workers, excessive rigidities in wage setting and collective bargaining arrangements and extreme volatility, particularly in employment, stand amongst the most commonly cited … Read more

    Working Paper 3/2017. A Game-Theoretic Analysis of the Spanish System of Regional Finance

    Working Paper 3/2017.  A Game-Theoretic Analysis of the Spanish System of Regional Finance

    Working Paper 2-2016. Redistribution, risk-sharing and stabilization of income per capita of households by regions 2016-07-21

    Related documents: Working Paper 2-2016. Redistribution, risk-sharing and stabilization of income per capita of households by regions

    Public Administrations debt could have reached 30pp less had the expenditure rule been applied. Only available in spanish

    Documentos relacionados: Documento divulgativo Regla de Gasto Presentación Impacto de la Regla de Gasto en las Finanzas Públicas Ndp Impacto de la Regla de Gasto en la sostenibilidad de las finanzas públicas

    Working Paper 5/2015 Modeling interest payments for macroeconomic assessment

    Gráfico de análisis.

    In this paper we present a methodology designed to estimate the future path of interest payments by the Government. The basic idea is to represent in a compact way the joint dynamics of debt liabilities and interest payments as a function of five elements: the initial outstanding amounts of debt, the expected primary funding needs, … Read more