International Economics

Good news: synchronised global economic acceleration

Federico Steinberg. Expert Comment 44/2017 (English version) - 10/10/2017.

After several years of the global economy growing at an increasingly slower rate, most countries –including advanced, emerging and developing economies– have experienced strong synchronised growth since the middle of 2016 and especially in 2017.


The conundrum of Spain’s recovering economy and stubbornly high unemployment

William Chislett. ARI 70/2017 - 15/9/2017.

The economy has recovered from a deep crisis and is growing at more than 3% for the third year running, but the unemployment rate remains stubbornly high at 17.2%, though well down on the peak of 27.1% in 2013.


Reflections on the Commission’s euro reflection paper: let’s get the sequencing right

Miguel Otero-Iglesias. Expert Comment 30/2017 - 6/6/2017.

It is important to think harder on how to improve and strengthen the political union. Only in this way will there be a greater momentum and willingness to introduce the technical solutions that most economists agree upon.


Document of interest: G20 Insights on global inequality and social cohesion, and financial resilience

. 6/7/2017.

Recomendaciones al G20 de Andrés Ortega, Miguel Otero Iglesias y Federico Steinberg, investigadores del Real Instituto Elcano, en el marco del T20. El Think20 (T20 es una red de institutos de investigación y think-tanks de los países miembros del G20. Ver también: Real Instituto Elcano en el T20.

Recommendations and visions to the G20 by Andrés Ortega, Miguel Otero-Iglesias and Federico Steinberg –Senior Analysts at the Elcano Royal Institute– within the framework of the T20 process. Think20 (T20) is a network of research institutes and think tanks of the G20 member countries. See also: the Elcano Royal Institute at the T20.


The euro as a social bond: why do Eurozone citizens still back the single currency?

Miguel Otero-Iglesias. ARI 25/2017 - 27/3/2017.

This paper tries to understand why despite the pain in the South of the Eurozone and the anger in the North the majority of the people still support the euro.


Document of interest: Communiqué: G20 Finance Ministers and Central Bank Governors Meeting

. DI/MI - 22/3/2017.

Final declaration of the G20 after the ministerial meeting in Baden-Baden (Germany). The document doesn't include the traditional condemnation of economic protectionism.

Declaración final del G20 tras la reunión ministerial celebrada en Baden-Baden (Alemania) en la que desaparece la tradicional condena al proteccionismo económico.


Reasons for rejecting globalisation: beyond inequality and xenophobia

Miguel Otero-Iglesias and Federico Steinberg. ARI 20/2017 (English version) - 14/3/2017.

The authors analyse reasons accounting for the growing discontent with globalisation and the liberal establishment in advanced democracies.


Spain’s merchandise exports notch up yet another record

William Chislett. Expert Comment 8/2017 - 21/02/2017.

Spain’s exports of goods rose in 2016 for the seventh year running, defying expectations that they would tail off as the economy recovers and domestic consumption picks up.


Italy and Spain: a tale of two countries

Sebastián Puig & Ángel Sánchez. Expert Comment 1/2017 - 4/1/2017.

While Italy is still more economically powerful than Spain, it displays more structural imbalances and declining trends.


Breaking up the Euro would empower the nationalists

Miguel Otero-Iglesias. Op-Ed - 21/11/2016.

Despite recent tensions, the Euro has created deep ties that go beyond economic cooperation and are integral to European identity.