José Luis Escrivá warns that a low interest rate environment should not lead to underestimating the cost of public debt

The president of the Independent Authority for Fiscal Responsibility (AIReF), José Luis Escrivá, participated today in a conference about the sustainability of public and private debt in Stockholm. There he questioned the idea that the current environment of low interest rates allows, especially in ...

May 03, 2019
AIReF participates in the first workshop organized by the European Fiscal Board

The Independent Authority for Fiscal Responsibility (AIReF) has participated today in a workshop in Brussels where the role of independent fiscal institutions (IFIs) within the European Union (EU) fiscal framework has been analyzed. During the seminar, the first organized by the ...

March 01, 2019
José Luis Escrivá participates in a Seminar on Public Debt Sustainability in Brussels

imagen: flickr The Chairman of the Independent Authority for Fiscal Responsibility (AIReF), participated today in a high-level Seminar on Public Debt Sustainability in Brussels, organized by the Directorate General of Economy and Financial Affairs of the European Commission (DG ECFIN) after the publication ...

January 24, 2019
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 ...

January 25, 2018
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

December 22, 2017
José Luis Escrivá takes part in a conference on General State Budgets organized by the APD and Deloitte

On Wednesday, the President of the Independent Authority of Spanish Fiscal Responsibility (AIReF), José Luis Escrivá, participated in a conference on the 2017 General State Budgets organized by the Association for Management Progress (APD) together with Deloitte, held at the Hotel Meliá Castilla in ...

July 05, 2017
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

July 21, 2016
Working Paper 5/2015 Modeling interest payments for macroeconomic assessment

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 ...

October 28, 2015
Working Paper 4/2015. Integrated model of short-term forecasting of the Spanish economy (MIPred model)

This paper presents a methodology for predicting in real-time GDP and its demand components simultaneously. The model consists of a set of dynamic factor models for both GDP and its demand components, plus a balancing procedure to ensure the transversal consistency of these ...

October 01, 2015
Working Paper 3/ 2015: Quarterly regional GDP flash estimates for the Spanish economy (METCAP model)

In this paper we propose a methodology to estimate on a quarterly basis the GDP of the different regions of Spain, providing quarterly profiles for the annual official observed data. In this way, the paper offers a new instrument for short-term monitoring that allows the ...

July 27, 2015