Articles
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Managing the risks of quantitative tightening in the euro area
1 February 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.
Autores: Jones, Erik
Tags: Unwinding QE
Outlook for the Spanish economy in the face of falling energy prices
The combination of labour market resilience and an easing of inflationary pressures arising
from lower energy prices, coupled with higher than anticipated natural gas storage levels in Europe, means that the economy is likely to perform better than initially thought. Albeit
economic uncertainty weighs heavily on forecasting, in 2024, the Spanish economy is expected to reach pre-pandemic growth levels, with fiscal indicators improving in tandem
with recovery; however, fiscal sustainability will depend on the credibility of the targets set for correcting current imbalances and the transformational nature of the investments financed using the NGEU funds.
Autores: Fernández, María Jesús, Torres, Raymond
Tags: Spanish economy
The global economy in times of polycrisis
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.
Autores: Díez Guijarro, José Ramón
Tags: Global outlook
La Unión Europea rumbo a la neutralidad climática: con brújula y deriva
30 January 2023
Este artículo analiza el contexto europeo en el que se ha planteado y el que se tendrá que desarrollar la transición energética.
Autores: Escribano, Gonzalo, Lázaro Touza, Lara
Tags: Cambio climático, Fit Ford 55, Pacto Verde Europeo, Política climática, Política energética
El acceso universal a la energía
Este artículo examina la evolución y perspectivas del acceso a la energía identificando las principales barreras a superar, y las medidas que se deben poner en marcha para acelerar un proceso que va más lento de lo deseado.
Autores: Cuadra, Fernando de, Díaz Pastor, Santos José, Dueñas Martínez, Pablo, Eisman Valdés, Julio, González García, Andrés, Pérez Arriaga, Ignacio, Sánchez Jacob, Eduardo
Tags: Análisis de políticas públicas, Consecuencias no intencionadas, Educación, Sanidad
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