Artículos
The new EURIBOR gets through a challenging 2020
Autores:
Amor, José Manuel
In the aftermath of the financial crisis, regulators proposed a new methodology for calculating EURIBOR.
Interest rates and the banking business post pandemic
While central bank policies, such as ultra-low interest rates, have staved off liquidity crunches and episodes of heightened uncertainty, they have also distorted financial markets, reduced bank profitability, and potentially undermined the ability of central banks to meet their medium-term inflation targets.
Spain’s Social Security budget for 2021
Autores:
Bandrés Moliné, Eduardo
Expenditure and revenue outlays in the 2020 and 2021 Social Security budgets are highly impacted by both COVID-19 and regulatory changes.
Spain’s 2021 budget: An assessment
The Spanish government’s 2021 budget is notable for its marked optimism regarding the country’s economic growth and revenue prospects, its ability to rein in public expenditure, and by extension, the country’s deficit and debt levels.
The coming debate about European macroeconomic policy
Autores:
Jones, Erik
The debate over the deactivation of the ‘general escape clause’ highlights the tension between the need for active fiscal stimulus and fiscal sustainability.