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 ...
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 ...
Related documents: Working Paper 2-2016. Redistribution, risk-sharing and stabilization of income per capita of households by regions
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 ...
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 ...
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 ...
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 ...
Working Paper No. 1/2014: Understand the financial sustainability Access to Working Paper Annex