Artículos
Los gastos fiscales de los principales impuestos españoles
Este artículo cuantifica el coste recaudatorio para España de los principales beneficios fiscales existentes en el impuesto sobre la renta personal, en el impuesto sobre el valor añadido y en el impuesto sobre sociedades.
Newsletter: How is Ukraine’s war affecting the Russian and European economies?
Autores:
Torres, Raymond
It's been over one month since Russia started the invasion of Ukraine. Since the 24th of February, the EU, together with key allies such as the UK, the US and others, have approved up to five rounds of sanctions against Russia, targeting some of its…
Cost of equity for Spanish and European banks
The banks’ earnings recovery in 2021, and the prospect of rate normalisation in the relatively near future, drove significant growth in the Spanish and European banks’ share prices up until the outbreak of the crisis between Russia and Ukraine injected fresh market volatility. Nevertheless, the…
Implications for Spain of the reform of the EU´s fiscal rules
Autores:
Lago Peñas, Santiago
Spain, being one of the countries hardest hit by the crisis and with pronounced fiscal imbalances, has a lot at stake in the process currently underway of reforming the EU´s fiscal rules. As various European and national actors debate their positions, Spain´s seat at the…
Spain´s dependence on foreign capital flows and the need for improved public debt sustainability
Autores:
Maudos, Joaquín
Seven countries currently account for over two-thirds of total foreign investment into Spain. To shore up international investor confidence, Spain needs to make its public debt more sustainable, a task that is currently more pressing given the potential for an increase in risk premium within…