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Monthly Report

July 2013 | No. 370

Index
July 2013 | No. 370

Editorial
The German model
Jordi Gual

Key points of the month

  • United States and China: chalk and cheese

Forecasts and indicators

  • Indicators and forecasts

Financial markets

  • The Federal Reserve has presented its roadmap
  • China: interbank tensions
  • The Federal Reserve's controversial «exit strategy»

International economy

  • Capital flows to the emerging markets are diminishing
  • Mexico: from reform to reform
  • The Fed: from words to action?

European economy

  • The economic recovery is advancing slowly
  • Insolvent banks: the Council opts for bail-in 2.0
  • Current account surpluses: a problem?

Spanish economy

  • Leading supply indicators reveal an upward trend
  • Wage moderation helps to improve competitiveness
  • Tourism: full steam ahead
  • A calendar of reforms to boost the economy

Dossier

  • The Hartz reforms: achievements and less welcome effects
    Judit Montoriol Garriga
  • Culture, institutions and economic growth
    Enric Fernández
  • The German exporting engine: from beetle to Cayenne
    Marta Noguer
  • Germany sets the pace for the re-founding of Europe
    Joan Daniel PinaOriol Aspachs

July 2013| No. 370

Dossier
The german model
Content available in
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El modelo alemán

Editorial

The German model

Jordi Gual

Key points of the month

United States and China: chalk and cheese

Forecasts and indicators

ForecastsKey financial indicatorsKey economic indicatorsKey economic indicators for the euro areaKey economic indicators for Spain

Financial markets

Economic outlook

The Federal Reserve has presented its roadmap

Focus

China: interbank tensions

Focus

The Federal Reserve's controversial «exit strategy»

International economy

Economic outlook

Capital flows to the emerging markets are diminishing

Focus

Mexico: from reform to reform

Focus

The Fed: from words to action?

European economy

Economic outlook

The economic recovery is advancing slowly

Focus

Current account surpluses: a problem?

Focus

Insolvent banks: the Council opts for bail-in 2.0

Spanish economy

Economic outlook

Leading supply indicators reveal an upward trend

Focus

Wage moderation helps to improve competitiveness

Focus

A calendar of reforms to boost the economy

Focus

Tourism: full steam ahead

Dossier
The german model
Focus

The Hartz reforms: achievements and less welcome effects

Judit Montoriol Garriga
Focus

Culture, institutions and economic growth

Enric Fernández
Focus

The German exporting engine: from beetle to Cayenne

Marta Noguer
Focus

Germany sets the pace for the re-founding of Europe

Joan Daniel Pina
Oriol Aspachs
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