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    AIReF English

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

    Cristina Herrero believes that evaluation should be consolidated as a key tool in the sustainability of public finances

    Cristina Herrero jornada Spending Review IEHPA
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, participated today in the conference on Spending Reviews organized by the Institute of Studies on Public Finance of Andalusia (IEHPA) and affirmed that evaluation must be consolidated as a key tool in the sustainability of public finances. As Cristina Herrero explained, the generation ... Read more

    AIReF recommends activating the escape clause, establishing a medium-term fiscal strategy, and implementing the proposals of the Spending Review

    Rueda de Prensa en AIReF
      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

    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

    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

    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