This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting … with different equilibria descriptive of the labor markets in Spain and France, where the unemployment rates went from the … unemployment rate in Spain has jumped to much higher levels while switching between equilibria or, what is the same, because of …

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is …

inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … non-traded sectors) on the dual inflation differential is more than twice as large as that in the "flexible" countries. We … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …

revealed that increased inflation and Bank Rates, related to the cost-of-living crisis, were associated with greater …