Economy
The objective of this research unit is to disseminate the analysis and knowledge of the investigations carried out in different movements of the economy, which encompasses different thematic areas: Public economy; Markets, regulation and competition; OFEI; Sector studies; Energy and environment; Health economics and policies; Macroeconomics and International Trade and Economy.
Highlighted
Artículo
Spanish fiscal policy in the face of systematic budget rollover: Risks for stability and reform
Fecha:
June 2025
Despite robust growth and a declining headline deficit in 2024, Spain’s underlying fiscal trajectory remains fragile due to persistent structural imbalances and high public debt levels. With the new EU fiscal framework taking effect and long-term spending pressures building, credible consolidation measures are becoming increasingly necessary.
Artículo
Spain’s rising tax burden: Personal income tax under scrutiny
Fecha:
June 2025
Spain’s tax revenue rose sharply in 2024, led by strong growth in personal income tax, VAT, and corporate income tax. While this helped reduce the public deficit, the non-indexation of PIT has eroded real household incomes and intensified fiscal drag.
Artículo
Mergers and acquisitions in defence: A paradigm shift for Europe
Fecha:
June 2025
The defence sector in Europe is experiencing renewed momentum in investment and consolidation, driven by structural challenges, strategic imperatives, and institutional initiatives. While structural and regulatory barriers persist, the sector’s strong fundamentals and strategic relevance are expected to sustain momentum in consolidation and investment going forward.
Artículo
The outlook for the U.S. economy in the light of the change of administration
Fecha:
June 2025
Until the end of last year the U.S. economy was performing better than most other advanced economies, and the prospects were for robust economic growth, moderate inflation and low unemployment; however, the recent policy changes driven by the new administration have generated a significant adverse shock, whose magnitude, if unaddressed, will be amplified both over time and internationally. Within this context of rising uncertainty, the risk of stagflation or worse has increased considerably.