Macroeconomía
Destacados
Artículo
The global economy in times of polycrisis
Fecha:
febrero 2023
2022 was characterised by uncertainty, economic and financial markets volatility, and most
importantly, an acceleration in the regime shift in which the global economy is immersed.
Although many questions remain unanswered, 2023 should shed some more light on
key future international economic trends, with the search for a new equilibrium in prices, economic policy and geopolitics the main variables to watch.
Artículo
Managing the risks of quantitative tightening in the euro area
Fecha:
febrero 2023
Recent quantitative tightening decisions undertaken by the ECB are important to reduce surplus liquidity and improve the functioning of the monetary transmission mechanism in the euro area. Nevertheless, they pose important risks for commercial banks, central banks, government finances, and the ECB itself.
Artículo
Monetary policy 2023 and interest rate increases: Outlook and impact
Fecha:
febrero 2023
The monetary policy roadmap for 2023 will continue to prioritize the fight against inflation, with successive official rate increases at least for much of the year, although accompanied by a slower increase in EURIBOR. Within this context, the banks will continue to play a key role in credit provision to the economy, yet while they could face improved income prospects, notable challenges exist within the prevailing uncertain climate.
Artículo
La política monetaria en 2023: recorrido y efectos de la subida de tipos de interés
Fecha:
enero 2023
En este artículo se repasa la evolución del principal mecanismo de contención monetario de la inflación —la subida de tipos de interés— y el impacto que el mismo puede tener sobre los bancos y su actividad, así como las perspectivas relativas a los tipos de interés para 2023.