Banco de España
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private consumption, financial developments, precautionary savings, debt
oil price, potential output, production function
R&D, Innovation, Endogenous growth, Crowding out, SVAR
Spanish economy, EMU, international financial crisis
sustainable growth, macroeconomic imbalances, output gaps, potential growth
countercyclical capital buffer, credit-to-GDP gap, guiding indicators, build-up phase, credit intensity, real estate prices, external imbalances, private sector debt sustainability, macroprudential policy
prudential regulation, regulatory capital, fair value accounting, prudential filters
capital flows, capital flow management, international cooperation, IMF
Mark-ups, labour market, productivity
Global Imbalances, Current Account, International Investment Position, External Debt, Growth
global imbalances, current account,international investment position,external debt
lending cycles, bank crisis, capital ratio, leverage ratio, macroprudential tools.
Spain, Sustainable growth, Macroeconomic imbalances
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competitiveness, current account imbalances, inflation differentials, labor markets, macroeconomic convergence, relative prices
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