AIReF endorses the macroeconomic forecasts of Navarra
Informe sobre las Previsiones Macroeconómicas del Presupuesto 2020 de la Comunidad Foral de Navarra. Only available in spanish
Informe sobre las Previsiones Macroeconómicas del Presupuesto 2020 de la Comunidad Foral de Navarra. Only available in spanish
The president of the Independent Authority for Fiscal Responsibility (AIReF), José Luis Escrivá, participated today in a conference about the sustainability of public and private debt in Stockholm. There he questioned the idea that the current environment of low interest rates allows, especially in the case of the Euro Area, a more benign view on … Read more
The Independent Authority for Fiscal Responsibility (AIReF) has participated today in a workshop in Brussels where the role of independent fiscal institutions (IFIs) within the European Union (EU) fiscal framework has been analyzed. During the seminar, the first organized by the European Fiscal Board, participants discussed about how IFIs have become an integral part of … Read more
imagen: flickr The Chairman of the Independent Authority for Fiscal Responsibility (AIReF), participated today in a high-level Seminar on Public Debt Sustainability in Brussels, organized by the Directorate General of Economy and Financial Affairs of the European Commission (DG ECFIN) after the publication of its last Fiscal Sustainability Report 2018 in mid-January. This seminar brought together … Read more
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
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
Related documents: Working Paper 2-2016. Redistribution, risk-sharing and stabilization of income per capita of households by regions
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
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