Articles
🇨🇳 🇪🇺Trade wars on wheels?
Autores:
Torres, Raymond
The European Commission's decision to investigate the impact of state subsidies on Chinese electric vehicle (EV) imports in the European market has ...
The uncertain duration of high interest rates
Autores:
Torres, Raymond
Monetary policy remains immersed in an intense battle to stem inflation. We are seeing a quick succession of interest rate increases and, consequently, raising eurozone borrowing rates across the board. Credit has already contracted, and the cost of debt has increased, but the duration of the tightening…
Impact of inflation on the VAT burden for Spanish households in 2021 and 2022
Autores:
Romero Jordán, Desiderio
Value added tax (VAT) receipts soared in 2021 and 2022, by 14.9% and 13.4%, respectively, according to the Spanish tax authority (AEAT, 2023). An analysis of the increase in the VAT borne by households those years and how much of the increase is attributable exclusively…
Youth housing affordability in Spain versus the EU
Autores:
Torres, Raymond
Spanish youth face significantly more difficulties accessing affordable housing than is the case in other European countries –a situation which has worsened in recent years. The main factor appears to be the shortage of rental housing, suggesting that policies should be geared towards promoting supply…
Higher interest rates, excess liquidity and the ECB’s balance sheet
Although the ultimate price stability target has not changed and overnight interest rates remain the channel for policy transmission to the economy, the ECB’s balance sheet has taken on greater purpose relative to its traditional role as a support instrument for monetary policy. Against this…