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The coming debate about European macroeconomic policy
The debate over the deactivation of the ‘general escape clause’ highlights the tension between the need for active fiscal stimulus and fiscal sustainability.
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Spain’s Social Security budget for 2021
Expenditure and revenue outlays in the 2020 and 2021 Social Security budgets are highly impacted by both COVID-19 and regulatory changes.
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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…
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The new EURIBOR gets through a challenging 2020
In the aftermath of the financial crisis, regulators proposed a new methodology for calculating EURIBOR.