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What exactly is the NGEU and how will it work? We answer the questions most frequently asked about this European Recovery Fund, its approval and implementation schedule, criteria and allocation of funds.

The labour share is a variable with important economic, political and social implications which is of particular interest to analyse in turbulent times like the present.

Where will inflation in advanced economies lie when the cycle that began with COVID-19, and which has continued with the war in Ukraine, comes to an end and what will happen with inflation targets?

Spain included 28.4 billion euros from the Recovery and Resilience Mechanism, NGEU’s main instrument, in the 2022 General Government Budget. Have expectations been met? Are the investments and reforms being implemented as planned?

Meeting climate targets depends heavily on public and private investment and their effects on the development of new technologies. Therefore, much of the economic momentum since COVID has focused on encouraging this ecological transition. In this article, we explore how the US government and, above all, the European Union and its Member States are incentivising it.

Having overcome the crisis triggered by the pandemic, which caused debt-to-GDP levels to skyrocket, debt ratios have now resumed the downward trajectory they were on prior to COVID. In particular, in the private sector, both businesses and households already have lower levels of debt than before the pandemic and much lower than they had during the financial crisis of 2008. All this, together with the greater weight of fixed-rate debt, puts them in a less vulnerable position to cope with the rise in interest rates.

On the eve of Black Friday, we analyse online consumption in Spain by sector and age group using anonymised internal CaixaBank data.

Since the outbreak of the COVID-19 pandemic, American households have been much more pessimistic than one would expect given the current state of the US economy. Why is this? Is the same thing happening in Europe?

«It's tough to make predictions, especially about the future». This was said by a worldly man, Yogi Berra, and he's still absolutely right, especially at uncertain times like the present. This article attempts to explain why 2021 is going to be a very different year from 2020 and specifically in which aspects.

Economic activity managed to rebound firmly and across the board in Q3, but the second wave of SARS-CoV-2 infections has led to a further tightening of mobility restrictions in many countries (especially in Europe), and most indicators suggest that economic activity will contract once again in the current fourth quarter. But
how much of a contraction are we talking about?

The coronavirus outbreak has made remote work popular and fuelled debate regarding its impact on society and our way of life. However, the concept of working from home is not new; in fact, it was the norm for a large number of workers until well into the 19th century.

What are the implications of telecommuting for urban mobility and, from a longer-term perspective, the implications for the residential real estate market?

There is a broad consensus on the need to reform European fiscal rules, which are too complex, unpredictable and insufficiently sensitive to the state of the business cycle. The COVID-19 crisis has forced their suspension and the Commission is debating their reform.

The COVID-19 crisis would have led to a sharp increase in inequality if the actions taken by the public sector had not cushioned it to some extent. The high levels of inequality recorded during the peak of the crisis are gradually decreasing thanks to the recovery in business.