Cristina Herrero says that planning, sustainability and evaluation can help us to get out of the crisis in better conditions
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SUSTAINABILITY
AIReF publishes the follow-up to the recommendations made in the second quarter of 2020
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AIReF recommends activating the escape clause, establishing a medium-term fiscal strategy, and implementing the proposals of the Spending Review
The Independent Authority for Fiscal Responsibility continues to use an analysis framework based on two alternative scenarios, which differ in their estimated drop in GDP in 2020, ranging from -10.1% to -12.4% in 2020 depending on the duration of the pandemic In budgetary matters, AIReF estimates a general government deficit of 11.9% in 2020, ... Read more
Cristina Herrero declares that the sustainability of public finances is an essential requirement for preserving the welfare state
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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
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 Madrid. José Luis Escrivá analysed financial sustainability and compliance with deficit objectives, … 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 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 of five elements: the initial outstanding amounts of debt, the expected primary funding needs, ... Read more
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