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    AIReF English

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

    Report on the Macroeconomic Forecasts of the Draft General State Budget for 2018

    AIReF Summary
    The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts of the Government's macroeconomic scenario, according to the Report published below. AIReF considers that "the Government's macroeconomic scenario accompanying the Draft 2018 General State Budget is prudent as a whole". On the domestic front, it states, "the worst scenarios that could be glimpsed in October ... Read more

    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

    Report on the Macroeconomic Forecasts for the 2018 Budget of the Autonomous Regions

    Gráfico sobre las previsiones de crecimiento del PIB real.

    Access to the Report on the Macroeconomic Forecasts for the 2018 Budget of the Autonomous Regions

    Report on the Macroeconomic Forecasts of the 2018 Budget of the Autonomous Communities

    José Luis Escrivá, presidente de la AIReF 2
    The Independent Authority for Fiscal Responsibility (AIReF) endorses as probable the macroeconomic forecasts for 2018 of all the Autonomous Regions that have submitted forecasts that differ from those of Spain, according to the Report published below. For its assessment, AIReF has taken into account the exceptional nature of the budgetary calendar, as well as the ... 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