most developed countries, including in Spain. Many countries need to introduce reforms of their pension systems in order to … cannot be readily perceived by the population. That is why some economists in Spain refer to it as the “Silent Reform”. The … aim of this paper is to analyse the consequences this type of reform would have in Spain; indeed, it is the first paper to …

Spain from the mid-1990s until the arrival of the global financial crisis in 2007-2008, ii) what role fiscal policy and … policies could affect the recovery of economic activity in Spain after the crisis. Our results indicate that falling interest … Spain more successful. …