Intuition tells us that a shock like COVID-19 should increase country risk and this has certainly been confirmed by the data. Nevertheless, a longer-lasting impact on country risk should be observed, which is not the case.
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There is increasing pressure on the ECB to start raising interest rates, something that has not happened since 2011. However, in the current context of an economic slowdown with a multitude of downside risks, is it desirable for the ECB to begin to normalise its monetary policy in the coming months? Would it be better to wait for economic growth to recover?
One of the most highly debated issues around a partial or total peace agreement and the process of Ukraine’s reconstruction is what will happen to the European energy scenario. Will Europe once again be a major customer of Russian energy?
Este documento de trabajo presenta un nuevo modelo macroeconómico de CaixaBank Research para la economía de la eurozona, con el objetivo de que se convierta en una herramienta más para elaborar previsiones a medio plazo y realizar escenarios de riesgo.
Temporary employment adjustment schemes, including the ERTE in Spain, are being widely used throughout Europe to cushion the impact of COVID-19 on the labour market.
This analysis examines the recent evolution of the European residential market and explores differences between countries in a context where housing has become the main concern among Europeans. What we see is a cycle marked by successive shocks and an insufficient supply, which is now emerging as the main source of tension.