Artículos
El desarrollo de la economía española. Retos pendientes
Autores:
Moral, María José
El capítulo realiza un breve repaso histórico de cómo se ha llegado a una economía desarrollada y plenamente integrada en la Unión Europea (UE).
Housing markets ahead of the threat of recession
Autores:
Torres, Raymond
Despite the drop in household income as a result of inflation, the housing market has remained dynamic due to its safe-haven appeal, pent-up savings and abundant financing. This atypical trend may, however, be reaching an inflection point in the face of changing monetary conditions; nonetheless,…
Income inequality in year one of the pandemic
Autores:
Bandrés, Eduardo
Social protection measures rolled out by the government during the COVID-19 crisis strongly mitigated the negative effect of the pandemic on lower income households. However, public transfers were not enough to fully neutralize the increase in inequality in Spain, which must be attributed to more…
Securing fiscal stability in the context of uncertainty
Autores:
Lago Peñas, Santiago
Decisive policy action in response to the pandemic at the EU and Spanish level has been more effective than measures taken to tackle the Great Recession; yet, recent support measures have clouded the outlook for fiscal stability. Ensuring compliance with the European fiscal rules and…
Monetary policy and business lending: Impact on pricing
The recent reversal of the ECB´s unconventional monetary policy is already driving interest rates higher, raising the risk of triggering an increase in corporate bankruptcies, which would increase the private sector´s marginal cost of borrowing even further. As interest rate hikes have started around the…