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    AIReF English

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

    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

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

    José Luis Escrivá, presidente de la AIReF, durante su discurso.s del estado

    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

    José Luis Escrivá takes part in a conference on the economic growth and sustainability of public finances organized by the Central Bank of Portugal

    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 Fiscal Institutions held its 7th meeting in Brussels

    Varias banderas de la Unión Europea en Bruselas.

    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

    Hearing by José Luis Escrivá in the European Parlament

    José Luis Escrivá, presidente de la AIReF, en Bruselas

    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

    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

    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 forecasts, thus providing a consistent set of estimates based on the statistically … Read more

    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 analysts to quantify the degree of synchronicity among regional business … Read more

    Working Paper 2/2014 Spanish Public Debt Sustainability Analysis

    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

    Working Paper No. 1/2014: Understand the financial sustainability Access to Working Paper Annex