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 3/2017. A Game-Theoretic Analysis of the Spanish System of Regional Finance
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 Madrid. José Luis Escrivá analysed financial sustainability and compliance with deficit objectives, … Read more
This Monday, the President of the Independent Authority of Spanish Fiscal Responsibility (AIReF), José Luis Escrivá took part in a Lisbon conference on economic growth and sustainability of public finances organized by the Central Bank of Portugal. José Luis Escrivá analysed the institutional framework and the application of fiscal-structural reforms during his participation in the Policy … Read more
The EU Network of Independent Financial Institutions (EUNIFI) held its seventh meeting on June 27 with the presence of the Independent Fiscal Institutions (IFIs) and representatives from the European Commission’s Directorate-General for Economic and Financial Affairs (DGECFIN). José Luis Escrivá, the president of the Independent Authority for Fiscal Responsibility (AIReF) attended on behalf of the … Read more
Pie de foto: Foto:© European Union 2017 – Source : EP. José Luis Escrivá, in his capacity as President of the Network of EU Independent Fiscal Institutions, was invited to give an address today at the European Parliament, in the plenary session of the Inter-parliamentary Conference on Stability, Economic Coordination and Governance in the European … Read more
Related documents: Working Paper 2-2016. Redistribution, risk-sharing and stabilization of income per capita of households by regions
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 forecasts, thus providing a consistent set of estimates based on the statistically … Read more
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 analysts to quantify the degree of synchronicity among regional business … Read more
This note develops an overarching debt sustainability analysis (DSA) framework, encompassing three of its main dimensions: (i) a traditional (deterministic) sustainability exercise, based on a simple accounting application involving the debt accumulation equation; (ii) an assessment of the realism of the assumptions underlying the deterministic debt projections; and (iii) a stochastic exercise aimed at understanding … Read more
Working Paper No. 1/2014: Understand the financial sustainability Access to Working Paper Annex