Articles
Spain’s gender pay gap: Convergence faces upcoming challenges
Autores:
Martínez, Ángel
Over the last two decades, Spain’s gender pay gap has narrowed significantly, from 29% in 2002 to 17% in 2022. However, recent stagnation in convergence is prompting a debate about the policies that need to be adopted for continued progress in the years to come.
Ten years of AIReF: A comparative evaluation
Autores:
Koptis, George
In its first ten years of operation, Spain’s Independent Authority for Fiscal Responsibility (AIReF ) has helped support the functioning of the country’s fiscal policy, enhancing transparency and economic governance. While there are still several areas where AIReF could be improved, the institution’s performance is…
Regional financing reforms and the Catalan agreement
Autores:
Lago Peñas, Santiago
The recent fiscal agreement reached with Catalonia seeks to increase the region’s fiscal autonomy, bringing with it the potential to reshape Spain’s autonomous financing framework. Nevertheless, while implementation faces challenges, it underscores the need for comprehensive debate on the future of Spain’s interregional equity and…
Countercyclical capital in Spanish banks: A review in the context of capital buffers
In efforts to achieve convergence with EU supervisory standards and in response to recommendations from the European Systemic Risk Board (ESRB), the Bank of Spain has recently announced significant revisions to the countercyclical capital buffer (CCyB), increasing it gradually from 0% at present to 1%…
The ECB’s new monetary playbook
In 2024, the European Central Bank (ECB) introduced a “new monetary playbook,” emphasizing the transition from a rigid rulebook to a more adaptive and flexible operational framework to address today’s complex economic landscape. While not without risks, this “new monetary playbook” marks a new era,…