Search Results - "Febrero, Eladio"

Estimating the impact of COVID-19 on the Spanish economy with input-output analysis by Febrero Paños, Eladio, Bermejo Patón, Fernando

“…In this paper we present a forecast of the impact of measures to stem Covid-19 on the Spanish economy at a highly disaggregate level, using input-output…”
Get full text

Target2 imbalances and the ECB’s asset purchase programme. An alternative account by Febrero, Eladio, Uxó, Jorge, Álvarez, Ignacio

“…The aim of this paper is to investigate the cause behind rising Target2 imbalances since early 2015, coinciding with the implementation of a quantitative…”
Get full text

Annotazioni sull’implementazione della politica monetaria: ieri, oggi, domani by Cesaratto, Sergio, Febrero, Eladio

“…Con le misure di quantitative easing adottate nello scorso quindicennio la politica monetaria è passata da una implementazione tecnica basata sulla scarsità di…”
Get full text

Current account imbalances in the monetary union and the great recession: Causes and policies by Uxó, Jorge, Paúl, Jesús, Febrero, Eladio

“…Current account imbalances within the eurozone are at the roots of its economic crisis. We argue that, though relevant, emphasis should shift from…”
Get full text

Prices, markups and wages: inflation and its distributive consequences in Spain, 2021-2023 by Uxó, Jorge, Febrero, Eladio, Álvarez, Ignacio

Get full text

Debt Cancellation to Avert Fiscal Austerity: Helpful Beyond Controversy? by Febrero, Eladio, Uxó, Jorge

“…In 2021, a group of economists launched a proposal asking for the write-off of the public debt built-up in the ECB's balance sheet and an increase in public…”
Get full text

Internal devaluation in a wage-led economy: the case of Spain by Álvarez, Ignacio, Uxó, Jorge, Febrero, Eladio

“…Abstract The aim of this paper is to study the impact of wage devaluation policy on the recent recovery experienced by the Spanish economy. For this purpose,…”
Get full text

Debt sustainability and policy targets: Full employment or structural balance? A simulation for the Spanish economy by Uxó, Jorge, Febrero, Eladio, Ayala, Iván, Villanueva, Paloma

“…•The idea that Spain should reduce its structural fiscal deficit is based on an inadequate estimation of potential GDP and leads to an excessive restrictive…”
Get full text

Current Account Imbalances or Too Much Bank Debt as the Main Driver of Gross Capital Inflows? Spain During the Great Financial Crisis by Febrero, Eladio, Álvarez, Ignacio, Uxó, Jorge

“…In contrast to the widespread view which posits that large current account deficits and net international debt were at the epicenter of the crisis in the Euro…”
Get full text

Three difficulties with neo-chartalism by Febrero, Eladio

“…Neo-chartalists have made three assertions that deserve qualification: (1) money has value because the state accepts it for the payment of taxes, (2) the state…”
Get full text

Socioeconomic effects of pension spending: evidence from Spain by Bermejo, Fernando, Febrero, Eladio, Fernandes Tomon Avelino, Andre

“…PurposeThe purpose of this study is to provide broader understanding of the significant role that the pension system has in the Spanish economy by estimating…”
Get full text

A re(in)statement of the labour theory of value: a comment by Panos, Eladio Febrero

“…The aim of this paper is to show that the main conclusions in Mohun's (1994) paper rest on an implicit assumption: the composition of net output has to remain…”
Get full text

Fiscal space on the eurozone periphery and the use of the (partially) balanced-budget multiplier: The case of Spain by Uxó, Jorge, Álvarez, Ignacio, Febrero, Eladio

“…This article adopts the “functional finance” approach to consider the utilization of expansive fiscal policies in the members of the European Monetary Union…”
Get full text

The Monetization of Profits in a Monetary Circuit Framework by Febrero, Eladio

“…This paper offers an explanation of the realization of profits in money. Following Edward Nell's lead, we place Marx's spheres of production and circulation at…”
Get full text

The ECB During the Financial Crisis. Not so Unconventional by Febrero, Eladio, Uxó, Jorge, Dejuán, Óscar

“…ABSTRACT The European Central Bank's balance sheet has expanded notably, without banks granting more credit, and the overnight interest rate has stayed close…”
Get full text

Constraints and Alternatives for Employment and Output Growth: Spain during the Great Recession by Febrero, Eladio, Uxó, Jorge

“…The Great Recession of 2008 is having a devastating effect on unemployment and output in Spain. Hence, the first challenge for economic policy should be…”
Get full text

Estimating the impact of COVID-19 on the Spanish economy with input-output analysis by Febrero Paños, Eladio, Bermejo Patón, Fernando

“…n this paper we present a forecast of the impact of measures to stem COVID-19 on the Spanish economy at a highly disaggregate level, using input-output…”
Get full text

Pay-As-You-Go versus funded systems. Some critical considerations by Febrero, Eladio, Cadarso, María-Ángeles

“…Longer life expectancy and lower fertility rates will lead to an ageing population in most Western countries. This is thought to make earnings-based…”
Get full text

The political economy of pensions by Cesaratto, Sergio, Concialdi, Pierre, Mesa-Lago, Carmelo, Febrero, Eladio, Cadarso, María-Ángeles, Contini, Bruno, Leombruni, Roberto, Pivetti, Massimo, Wray, L Randall, Barba, Aldo, Walker, Alan, Foster, Liam

Get full text

Measuring Productivity from Vertically Integrated Sectors by De Juan, Oscar, Febrero, Eladio

“…There are many ways to measure productivity. The choice will depend on the suitability of each index to the main purpose the researcher has in mind. Whenever…”
Get full text