Pablo Hernández de Cos

Banco de España

Governor

C/ Alcalá 48

Madrid, 28014

Spain

SCHOLARLY PAPERS

34

DOWNLOADS
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2,670

SSRN CITATIONS
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Top 10,757

in Total Papers Citations

31

CROSSREF CITATIONS

85

Scholarly Papers (34)

1.

Cyclically Adjusted Budget Balances: An Alternative Approach

ECB Working Paper No. 77
Number of pages: 73 Posted: 21 Jul 2003
Banque de France, European Central Bank (ECB), Organization for Economic Co-Operation and Development (OECD) - Directorate for Employment, Labour and Social Affairs (ELS), Banco de España, National Bank of Belgium, European Central Bank (ECB), Bank of Italy and European Central Bank (ECB)
Downloads 376 (97,516)
Citation 3

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fiscal policy; government budget; cyclical adjustment; business cycles

2.

The Economic Effects of Exogenous Fiscal Shocks in Spain: A SVAR Approach

ECB Working Paper No. 647, Banco de Espana Research Paper No. WP-0604
Number of pages: 55 Posted: 30 Jun 2006
Pablo Hernández de Cos and Francisco de Castro
Banco de España and Banco de España
Downloads 214 (175,061)

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VAR, fiscal shocks, fiscal multipliers

3.

The Spanish Public Pension System: Current Situation, Challenges and Reform Alternatives (El Sistema Público De Pensiones En España: Situación Actual, Retos Y Alternativas De Reforma

Banco de Espana Occasional Paper No. 1701
Number of pages: 50 Posted: 20 Jan 2017
Pablo Hernández de Cos, Juan F. Jimeno and Roberto Ramos
Banco de España, Banco de España - Research Department and Banco de España
Downloads 169 (216,276)
Citation 1

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pension systems, pension reforms, population ageing

4.

Health Care Expenditure in the OECD Countries: Efficiency and Regulation

Banco de Espana Occasional Paper No. 1107
Number of pages: 35 Posted: 21 Dec 2011
Pablo Hernández de Cos and Enrique Moral-Benito
Banco de España and Banco de España
Downloads 146 (244,385)
Citation 5

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health care expenditure, efficiency

5.

Oil Prices and Their Effect on Potential Output

Banco de Espana Occasional Paper No. 0902
Number of pages: 24 Posted: 13 Mar 2009 Last Revised: 14 Oct 2009
Ángel Estrada and Pablo Hernández de Cos
Banco de España and Banco de España
Downloads 139 (254,164)
Citation 29

Abstract:

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oil price, potential output, production function

6.

Fiscal Multipliers and Beyond

ECB Occasional Paper 162
Number of pages: 33 Posted: 25 Sep 2015
European Central Bank (ECB), European Central Bank (ECB) and Banco de España
Downloads 134 (261,514)
Citation 1

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fiscal policies, government debt, sustainability, macroeconomic aspects of public finance

7.

Estructura Impositiva y Capacidad Recaudatoria En España: Un Análisis Comparado Con La UE (Tax Structure and Revenue-Raising Capacity in Spain: A Comparative Analysis with the EU)

Banco de Espana Occasional Paper No. 1406
Number of pages: 45 Posted: 24 Oct 2014
Pablo Hernández de Cos and David Lopez Rodriguez
Banco de España and Banco de España
Downloads 124 (277,182)
Citation 1

Abstract:

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fiscal pressure, tax structure, taxation in the EU

8.

Fiscal Policy, Structural Reforms and External Imbalances: A Quantitative Evaluation for Spain

Banco de Espana Working Paper No. 1107
Number of pages: 53 Posted: 23 Apr 2011
Angel Gavilan Gonzalez, Pablo Hernández de Cos, Juan F. Jimeno and Juan A. Rojas
European Stability Mechanism, Banco de España, Banco de España - Research Department and Banco de España
Downloads 112 (298,023)

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overlapping generations, imperfect competition, fiscal consolidation, demographic change, structural reforms

9.

On the Sustainability of the Spanish Public Budget Performance

Fiscal Sustainability Conference, p. 135, 2000
Number of pages: 40 Posted: 17 Jul 2012
Francisco de Castro and Pablo Hernández de Cos
Banco de España and Banco de España
Downloads 92 (339,519)
Citation 1

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10.

An Estimate of the Potential Growth of the Spanish Economy

Banco de Espana Occasional Paper No. 1104
Number of pages: 37 Posted: 08 Aug 2011
Pablo Hernández de Cos, Mario Izquierdo and Alberto Urtasun
Banco de España, Banco de España and Banco de España
Downloads 90 (344,237)
Citation 5

Abstract:

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Potential output, output gap, Spain

11.

Fiscal Policy and External Imbalances in a Debt Crisis: The Spanish Case

Banco de Espana Occasional Paper No. 1303
Number of pages: 27 Posted: 05 Nov 2013
Pablo Hernández de Cos and Juan F. Jimeno
Banco de España and Banco de España - Research Department
Downloads 87 (351,529)
Citation 2

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macro imbalances, fiscal policy, euro crisis

Signalling Fiscal Stress in the Euro Area: A Country-Specific Early Warning System

Banco de Espana Working Paper No. 1418
Number of pages: 31 Posted: 26 Jul 2014
Pablo Hernández de Cos, Enrique Moral-Benito, Gerrit Koester and Christiane Nickel
Banco de España, Banco de España, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 56 (452,726)

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fiscal policy, studies of particular policy episodes, general outlook and conditions, deficit, surplus, debt, debt management, sovereign debt, international lending and debt problems

Signalling Fiscal Stress in the Euro Area -- A Country-Specific Early Warning System

ECB Working Paper No. 1712
Number of pages: 26 Posted: 12 Aug 2014
Pablo Hernández de Cos, Gerrit Koester, Enrique Moral-Benito and Christiane Nickel
Banco de España, European Central Bank (ECB), Banco de España and European Central Bank (ECB)
Downloads 29 (584,591)

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fiscal policy, studies of particular policy episodes, general outlook and conditions, deficit surplus, debt management, sovereign debt, international lending and debt problems

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post-pandemic scenario, economic policies, strategic priorities, economic recovery, structural adjustment, fiscal consolidation, reform agenda, potential growth, labour market policies, human and technological capital, inclusion policies, sustainable economy, European governance, globalisation, digi

14.

The Short-Term Impact of Government Budgets on Prices: Evidence from Macroeconomic Models

Number of pages: 51 Posted: 13 Dec 2004
Jerome Henry, Pablo Hernández de Cos and Sandro Momigliano
European Central Bank (ECB), Banco de España and Bank of Italy
Downloads 80 (369,659)

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Euro area, model simulations, fiscal policy, prices

15.

Tax Structure and Revenue-Raising Capacity in Spain: A Comparative Analysis with the EU

Banco de Espana Occasional Paper No. 1406
Number of pages: 45 Posted: 04 Sep 2015
Pablo Hernández de Cos and David Lopez Rodriguez
Banco de España and Banco de España
Downloads 75 (383,603)
Citation 1

Abstract:

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fiscal pressure, tax structure, taxation in the EU

16.

The Importance of Being Mature: the Effect of Demographic Maturation on Global Per-Capita Gdp

ECB Working Paper No. 670
Number of pages: 32 Posted: 28 Aug 2006
Rafael Gomez and Pablo Hernández de Cos
University of Toronto - Centre For Industrial Relations and Banco de España
Downloads 75 (383,603)

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age structure, life cycle savings model, cross-country growth

17.

The Determinants of Budget Balances of the Regional (Autonomous) Governments

Banco de España Working Paper No. 0803
Number of pages: 36 Posted: 30 Jan 2008
Isabel Argimón and Pablo Hernández de Cos
Banco de España and Banco de España
Downloads 73 (389,353)

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regional public deficit, fiscal co-responsibility, panel data

18.

Fiscal Multipliers in Turbulent Times: The Case of Spain

Banco de Espana Working Paper No. 1309
Number of pages: 50 Posted: 22 Jun 2013
Pablo Hernández de Cos and Enrique Moral-Benito
Banco de España and Banco de España
Downloads 61 (427,774)
Citation 10

Abstract:

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fiscal policy, fiscal multiplier

19.

Endogenous Fiscal Consolidations

Banco de Espana Working Paper No. 1102
Number of pages: 38 Posted: 27 Mar 2011
Pablo Hernández de Cos and Enrique Moral-Benito
Banco de España and Banco de España
Downloads 59 (434,937)
Citation 3

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Fiscal consolidation, panel data, endogeneity, model averaging

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fiscal consolidation, general equilibrium, fiscal multipliers, confidence effects

21.

Los mecanismos extraordinarios de pago a proveedores de las Administraciones Públicas en España (The Extraordinary Mechanisms for General Government Payments to Suppliers in Spain)

Banco de Espana Occasional Paper No. 1501
Number of pages: 33 Posted: 20 Feb 2015
Mar Delgado-Téllez, Pablo Hernández de Cos, Samuel Hurtado and Javier J. Pérez
Banco de España, Banco de España, Banco de España and Banco de España - Research Department
Downloads 45 (489,455)
Citation 1

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trade debt, payment to government suppliers, regional and local public finances, public spending

22.

The Importance of Being Mature: The Effect of Demographic Maturation on Global Per-Capita Income

Banco de Espana Research Paper No. OP-0604
Number of pages: 31 Posted: 22 Jun 2006
Rafael Gomez and Pablo Hernández de Cos
University of Toronto - Centre For Industrial Relations and Banco de España
Downloads 43 (498,288)
Citation 7

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age structure, life cycle savings model, cross-country growth

23.

Public Finances and Inflation: The Case of Spain

Banco de Espana Occasional Paper No. 1606
Number of pages: 28 Posted: 01 Oct 2016
Pablo Hernández de Cos, Samuel Hurtado, Francisco Marti and Javier J. Pérez
Banco de España, Banco de España, Banco de España and Banco de España - Research Department
Downloads 41 (507,302)

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inflation, public finances, public debt, fiscal consolidation

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pension system, reform proposals, Toledo Pact, Social Security balance, population ageing, contributory pensions, social contributions, sustainability factor, public finances, pay-as-you-go public contributory system, pension schemes, real-estate saving, gender gap, pandemic

25.

An Exploration of Real-Time Revisions of Output Gap Estimates Across European Countries

Banco de Espana Occasional Paper No. 1605
Number of pages: 26 Posted: 28 Jul 2016
Pablo Hernández de Cos, Aitor Lacuesta and Enrique Moral-Benito
Banco de España, Banco de España and Banco de España
Downloads 35 (536,453)
Citation 2

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output-gaps, real-time data, fiscal policy

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COVID-19, shock, crisis response, macroeconomic policies, structural reforms, European project, potential growth

27.

On the Predictability of Narrative Fiscal Adjustments

Banco de Espana Working Paper No. 1516
Number of pages: 14 Posted: 22 Jun 2015
Pablo Hernández de Cos and Enrique Moral-Benito
Banco de España and Banco de España
Downloads 22 (614,243)
Citation 4

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fiscal adjustment, fiscal multiplier

28.

The Challenges of Public Deleveraging

Banco de Espana Occasional Paper No. 1803
Number of pages: 40 Posted: 23 Mar 2018
Pablo Hernández de Cos, David Lopez Rodriguez and Javier J. Pérez
Banco de España, Banco de España and Banco de España - Research Department
Downloads 21 (620,934)

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public debt, fiscal consolidation, macroeconomic stabilisation

29.

The Impact of Public Ownership and Competition on Productivity

Kyklos, Vol. 58, No. 4, pp. 495-517, November 2005
Number of pages: 23 Posted: 23 Dec 2005
José Manuel González-Páramo and Pablo Hernández de Cos
European Central Bank (ECB) and Banco de España
Downloads 21 (620,934)
Citation 1
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Draft State Budget, macroeconomic forecast, projections and risks, fiscal policy stance, crisis response, fiscal consolidation plan, composition of public expenditure and revenue, mobilisation of European funds, Next Generation EU, public debt dynamics, growth potential

31.

The Financing Arrangements for the Regional (Autonomous) Governments for the Period 1997-2001

Number of pages: 40 Posted: 29 Jun 2012
Luís Gordo and Pablo Hernández de Cos
Banco de España and Banco de España
Downloads 14 (670,903)
Citation 2

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independent economic authorities, independent agencies, economic supervisors, independence, accountability, transparency, governance, central bank, governor, financial supervision model, code of conduct, collegiate decisions

33.

Some Considerations Regarding the Calculation of Cyclically Adjusted Public Balances

Bank of Italy – Indicators of Structural Budget Balances Conference, p. 369, 1998
Number of pages: 26 Posted: 18 Jul 2012
Pablo Hernández de Cos
Banco de España
Downloads 8 (717,004)

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34.

Does Population Ageing Promote Faster Economic Growth?

Review of Income and Wealth, Vol. 54, Issue 3, pp. 350-372, September 2008
Number of pages: 23 Posted: 05 Aug 2008
Rafael Gómez and Pablo Hernández de Cos
affiliation not provided to SSRN and Banco de España
Downloads 2 (765,820)
Citation 2
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