Pablo Hernández de Cos

Banco de Espana

Head of Economic Policy Analysis Division

Madrid, 28014

Spain

SCHOLARLY PAPERS

28

DOWNLOADS
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1,778

CITATIONS
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Top 7,062

in Total Papers Citations

68

Scholarly Papers (28)

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 Espana, National Bank of Belgium, European Central Bank (ECB), Bank of Italy and European Central Bank (ECB)
Downloads 283 (73,899)
Citation 45

Abstract:

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 Espana and Banco de Espana
Downloads 148 (148,769)
Citation 1

Abstract:

VAR, fiscal shocks, fiscal multipliers

3.

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 Espana
Downloads 110 (179,886)

Abstract:

oil price, potential output, production function

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 Espana and Bank of Spain
Downloads 85 (212,872)

Abstract:

health care expenditure, efficiency

5.

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

ECB Working Paper No. 396
Number of pages: 51 Posted: 13 Dec 2004
Jerome Henry, Pablo Hernández de Cos and Sandro Momigliano
European Central Bank (ECB), Banco de Espana and Bank of Italy
Downloads 74 (253,024)
Citation 8

Abstract:

Euro area, model simulations, fiscal policy, prices

6.

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 Sr.
Banco de Espana, Banco de España and Banco de España
Downloads 71 (241,843)

Abstract:

Potential output, output gap, Spain

7.

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
Banco de España - Research Department, Banco de Espana, Banco de España - Research Department and Banco de Espana
Downloads 68 (236,524)

Abstract:

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

8.

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 Espana
Downloads 64 (273,673)

Abstract:

regional public deficit, fiscal co-responsibility, panel data

9.

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 Espana
Downloads 64 (273,673)
Citation 3

Abstract:

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

10.

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 Espana and Banco de España - Research Department
Downloads 58 (263,090)

Abstract:

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
Banco de Espana, Bank of Spain, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 33 (379,656)

Abstract:

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
Banco de Espana, European Central Bank (ECB), Bank of Spain and European Central Bank (ECB)
Downloads 23 (427,778)

Abstract:

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

12.

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 Espana and Banco de España
Downloads 41 (236,524)

Abstract:

fiscal pressure, tax structure, taxation in the EU

13.

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 Espana and Bank of Spain
Downloads 40 (315,894)

Abstract:

Fiscal consolidation, panel data, endogeneity, model averaging

14.

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 Espana and Banco de Espana
Downloads 37 (307,679)

Abstract:

15.

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 Espana
Downloads 37 (346,152)
Citation 3

Abstract:

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

Abstract:

fiscal consolidation, general equilibrium, fiscal multipliers, confidence effects

17.

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 Espana
Downloads 21 (424,714)
Citation 3
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Abstract:

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 Espana and Bank of Spain
Downloads 18 (429,829)

Abstract:

fiscal policy, fiscal multiplier

19.

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 Espana and Banco de España
Downloads 7 (336,639)

Abstract:

fiscal pressure, tax structure, taxation in the EU

20.

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 Tellez, Pablo Hernández de Cos, Samuel Hurtado and Javier J. Pérez
Banco de España, Banco de Espana, Banco de España and Banco de España - Research Department
Downloads 6 (404,821)

Abstract:

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

21.

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 Espana and Bank of Spain
Downloads 5 (455,368)

Abstract:

fiscal adjustment, fiscal multiplier

22.

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 Espana
Downloads 4 (495,380)

Abstract:

23.

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 Espana
Downloads 4 (490,724)
Citation 2

Abstract:

24.

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 Espana
Downloads 2 (287,497)

Abstract:

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

25.

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 Espana
Downloads 2 (518,378)
Citation 3
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Abstract:

26.

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 Espana, Banco de España - Research Department and Banco de España
Downloads 0 (318,740)

Abstract:

pension systems, pension reforms, population ageing

27.

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 Espana, Banco de España, Banco de España and Banco de España - Research Department
Downloads 0 (409,709)

Abstract:

inflation, public finances, public debt, fiscal consolidation

28.

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 Espana, Bank of Spain and Bank of Spain
Downloads 0 (455,368)

Abstract:

output-gaps, real-time data, fiscal policy