Spanish English    MACROECONOMY homeResearch areas Economy area Macroeconomy Macroeconomy Highlights Technical note The Uneven Behavior of Institutional Sectors in the COVID-19 Crisis: Implications for Recovery Date: December 2021 Huerta Arribas, Emilio; Salas Fumás, Vicente Comportamientos sectoriales COVID-19 Inversión en capital Recuperación económica Sectores institucionales Valor añadido bruto El texto ofrece una visión de conjunto de los efectos de la crisis causada por la pandemia de la COVID-19, a partir de la heterogeneidad observada en los comportamientos sectoriales. Artículo The spike in Spain’s inflation and its impact Fecha: octubre 2021 Torres, Raymond Inflation The upward trend in Spanish inflation has been driven by rising input costs, the abrupt nature of the global recovery and nascent structural transformations accelerated by the pandemic. While the immediate effect is a slowdown in the pace of recovery, further ahead, if global inflation becomes sustained, the perception of central bank independence will be key. Artículo The ECB’s new look Fecha: octubre 2021 Jones, Erik ECB Policy The results of the ECB’s monetary strategy review announced in July suggest Christine Lagarde has succeeded in her promise to transform how the ECB works and how it communicates with the outside world. However, her first real test will come as the Bank begins to unwind its unconventional monetary policy instruments. Artículo The Fed’s new monetary policy strategy: Could added flexibility impair financial stability? Fecha: octubre 2021 Díez Guijarro, José Ramón Bond Yields The new monetary policy strategy adopted by the Federal Reserve last year has impacted both inflation expectations and the risk premia. However, analysis suggests it is unlikely to push yields high enough to threaten financial stability. Ver todos ÁREAS DE INVESTIGACIÓN Área financiera y digitalización Área de economía Economía pública y Fiscalidad Mercados, regulación y competencia OFEI Estudios sectoriales Energía y medio ambiente Economía y políticas de la salud Macroeconomía Comercio y economía internacional Empleo, capital humano y educación Economía regional y urbana Área social FUNCAS Think tank dedicado a la investigación económica y social CONTACTO C/ Caballero de Gracia, 28 | 28013 Madrid, España +34 91 596 57 18 | funcas@funcas.es SÍGUENOS Aviso legal | Privacy Policy | Cookies policy | Web map | Contact We use our own and third-party cookies to improve our services and compile statistical information. By clicking on "Accept" or if you continue browsing, you accept their use. To accept