Artículo de revista ; Since the start of the financial crisis, the advanced countries have deployed numerous measures in support of the financial system, requiring a sizeable volume of public funds. In the EU, aid has been authorised and subject to the conditionality required by the European...

Artículo de revista

Artículo de revista ; The total volume of bond issuance in 2017 remained similar to that in previous years, edging down slightly as a result of the drop in public-sector issuance. As usual, there were significant differences between the regions and quarters analysed. By quarters, the year got...

Artículo de revista ; The yield curve for US government debt securities has flattened significantly since late 2016 and its slope, while positive, has fallen to levels not observed since before the global financial crisis. The inversion of the yield curve slope is considered, on occasions, as a...

Artículo de revista ; ResearchSpain’s regional governments (or “autonomous communities”) have regularly resorted to debt to fund themselves in recent decades. This has come about in parallel with the progress seen in the transfer of budgetary powers since the current constitutional regime...

Artículo de revista ; This note describes the developments in Spanish general government debt in the past year, drawing on the statistics published by the Banco de España, and from a comparative standpoint with the other euro area countries. For this purpose, the second section examines how...

The aim of this paper is to assess the reliability of the government deficit and debt figures reported to the European Commission by Member States. Reliability is one of the several dimensions of quality in statistics ; it refers to the magnitudes of data revisions after the publication of the...

Artículo de revista ; El semestre europeo es el proceso durante el cual la Comisión Europea diseña y coordina las políticas económicas de los Estados miembros. El ciclo de 2019 se puso en marcha el 21 de noviembre de 2018 y concluyó el 9 de julio de 2019. En conjunto, se constata una...

Artículo de revista ; Esta nota analiza la situación de la deuda de las Administraciones Públicas españolas en el año 2018. La deuda pública se redujo hasta el 97,1 % del PIB, debido principalmente al elevado crecimiento económico. La vida media de la deuda se situó en siete años y...

La estimación de los efectos del ciclo económico sobre la capacidad de financiación de las Administraciones Públicas desempeña un papel fundamental en el análisis de la política fiscal en tiempo real, especialmente en el marco del Pacto de Estabilidad y Crecimiento (PEC). Este artículo...