Filter all of our publications to find the ones you are most interested in by content language, date, geography and/or topic.
Sort our publications chronologically from newest to oldest, regardless of geography and/or topic matter.
Sort publications according to the number of time reads by our users, regardless of geography and/or topic matter.
September 3, 2019
Consumer prices increased by 0.86% mom in August, far below the consensus and ours (1.3% Bloomberg vs. 1.4% BBVA Research). Annual inflation decreased from 16.65% in July to 15%, the lowest level in the last 15 months. We maintain our year-end forecast of 15% with downside risks.
June 1, 2017
Tensions surrounding the North Korean nuclear test program remained in the spotlight becoming one of the main US foreign policy concerns. The US announced its support for the Syrian Kurdish in the fight against ISIS. The campaign to seize Raqqa is accelerating. Recent peace talks in Syria as well as the “de-escalation zone” agreement reduced conflict intensity in May.
May 12, 2017
Tensions continued between North Korea and US over the nuclear test programme and the US increased its missile defence system in the area. China will continue to maintain the statuo quo while the tone of the US escalated but softened thereafter. In the Middle East, the advances of the coalition forces continue against ISIS. The US supported the YPG's advance in Raqqa.
April 11, 2017
After the chemical weapons attack on Syrian civilian population, the US launched its first military strike against the Assad regime sending a clearer message to Syria and North Korea. However, it is still early to know whether this is a tactical message or part of a broader strategy. Europe and Asia kept with low conflict levels, while in North Africa, instability rose.
March 8, 2017
While ISIS lost ground in Syria and Iraq, Al-Qaeda resumed its offensive operations. Meanwhile, tensions between Russia and Ukraine stabilized after last month’s sharp conflict escalation. Geopolitical tensions in China could intensify as uncertainties regarding the US policy stance in the region remained and North Korea remains testing.
February 13, 2017
Fighting in Eastern Ukraine erupted again, just a day after that the first phone call between Trump and Putin since the US president's inauguration. It was the worst escalation since early 2015. The new US administration's policy stance towards the conflict is still undefined and increases concerns and uncertainties about the conflict evolution and the Russian role on it.
February 6, 2017
Pro-regime forces took full control of Aleppo, while ISIS retook Palmyra. Russian military operations intensified during the month. Escalation between Russia and Ukraine. Iraqi security forces recaptured eastern Mosul. Escalation between Russia and Ukraine
October 19, 2016
Con la economía aragonesa creciendo un 3,4% en 2016, las perspectivas económicas, las matriculaciones y el crecimiento de la afiliación en Huesca tienden a igualarse con las de Aragón. Sin embargo, el sector exportador oscense pierde peso en el regional. Menores vientos de cola y mayores riesgos rebajarán el crecimiento aragonés hasta el 2,4% en 2016.
October 3, 2016
We estimate the macroeconomic effects of the greater wage and firms' internal flexibility promoted by various changes in Spanish labour regulations approved since 2012 and by the Second Agreement on Employment and Collective Bargaining. We propose a structural VAR that allows us to decompose the changes in the main macroeconomic variables into different structural shocks.
September 22, 2016
The economy of Castile-La Mancha will grow about 3.3% in 2016, but will slow to a 2.4% in 2017, creating around 42,000 new jobs during this two-year period. Internal demand drives the recovery, supported by exports, which are gaining momentum. Creating more and better employment continues to be the challenge.
January 26, 2016
Public deficit (excluding local government) rose to 3.9% of GDP until November, improving the level reached a year ago. Despite the good performance, the pace of adjustment is not sufficient and the probability of year-end target default is confirmed.
