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Household debt and uncertainty: Private consumption after the Great Recession

Estrada, Ángel; Valdeolivas, Eva; Vallés, Javier; … - Banco de España - 2014

Household debt in many advanced economies has increased significantly since the 1980s and accelerated in the years prior to the Great Recession, resulting in an aggregate reduction of saving rates in the developed economies. Some of those economies are now deleveraging, which may be affecting...

Persistent link: https://www.econbiz.de/10010795050

Uncertainty and entry into export markets

Segura-Cayuela, Rubén; Vilarrubia, Josep M. - Banco de España - 2008

We face uncertainty in most economic decisions we take. This is particularly true in the case of a firm entering a foreign market where there is uncertainty about the size of the market, the distribution channels, the adequacy of the firm's product to local tastes, etc. Despite its obvious...

Persistent link: https://www.econbiz.de/10005155213

Neighborhood effects in economic growth

Vilarrubia, Josep M. - Banco de España - 2006

One of the most striking features of the world economy is that wealthy countries are clustered together. This paper theoretically and empirically explains a mechanism for this clustering by extending the Acemoglu and Ventura model so that it takes real geography into account. Countries close to...

Persistent link: https://www.econbiz.de/10005155256

Inefficient policies, inefficient institutions and trade

Segura-Cayuela, Rubén - Banco de España - 2006

Despite the general belief among economists on the growth-enhancing role of international trade and significant trade opening over the past 25 years, the growth performance of many developing economies, especially of those in Latin America and Africa, has been disappointing. While this poor...

Persistent link: https://www.econbiz.de/10005138500

Modelling export and import demand functions: the Spanish case

García, Coral; Gordo, Esther; Martínez-Martín, Jaime; … - Banco de España - 2009

During the last decades the exchange trade in Spain overseas has experienced a major boost, firstly related to European market integration and, recently, to the worldwide globalization process, whereby huge exporters (i.e. China or India) have raised to the new international scene and the...

Persistent link: https://www.econbiz.de/10008603024

Inflation report

Banco de España - Madrid : [Verlag nicht ermittelbar] - March 1995 [?]-September 1998 ; damit Erscheinen eingestellt

Persistent link: https://www.econbiz.de/10000638143

Informe sobre la inflación

Banco de España - Madrid - 1995 -

Persistent link: https://www.econbiz.de/10000574167

Los canales del desapalancamiento del sector privado: una comparación internacional

Garrote, Daniel; Llopis, Jimena; Vallés, Javier - Banco de España - 2013

restructuring and defaults; in the United Kingdom inflation has dominated, eroding the value of debt; and in Ireland and Spain the …

Persistent link: https://www.econbiz.de/10010862297

Unemployment Persistence, Central Bank Independence and Inflation Performance in the OECD Countries

Alberola, Enrique; Marqués, José M.; Sanchis, Alicia - Banco de España - 1997

bank independence and measures of persistence, and then we compare them with inflation performance in OECD countries. Our … of inflation. …

Persistent link: https://www.econbiz.de/10005022245

Estimating Inflation Expectations using French Government Inflation-Indexed Bonds

Alonso, Francisco; Blanco, Roberto; Río, Ana del - Banco de España - 2001

Inflation-indexed bonds are fixed-income securities whose nominal cash flows are adjusted to an inflation index. In … countries where these securities exist, inflation expectations are sometimes estimated as the spread between the nominal yield … the same issuer. However, this indicator known as the break-even rate, may estimate inflation expectations with some …

Persistent link: https://www.econbiz.de/10005022247