Madrid 28014
Spain
Banco de España
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balance sheet effects, country risk premium, sovereign spreads
fiscal rules, debt sustainability, fiscal policy stance, structural fiscal balance, fiscal impulse, stabilisation funds
inflation, inflation expectations, Phillips curve, monetary policy
inflation targeting, exchange rate volatility, foreign exchange interventions, emerging economies
demographic dividend, ageing, pension systems, dependency ratio, total factor productivity.
política monetaria, medidas no convencionales, riesgos, estrategias de salida, monetary policy, unconventional measures, risks, exit strategies
capital controls, short-term capital movements
balance sheet effects, financial accelerator theories, exchange rate regime
macroeconomic projections, risk scenarios, Bayesian vector autoregressions
Material third countries, trade exposure, exports, imports, bank assets and liabilities, foreign direct investment, portfolio investment.
