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Article IV Staff Reports
Financial Sector Assessment Program
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Projected % Change
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2013
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2014
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Real GDP
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-1.6
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0.7
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Consumer Prices
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1.9
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1.5
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Source: World Economic Outlook (April 2013)
Please refer to more recent PIN/Staff reports on this country for possible revisions.
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Spain: Financial Position in the Fund
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Spain and the IMF
Updated June 19, 2013
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| Staff Papers |
| April 15, 2003 -- IMF Staff Papers - Volume 50, Number 1, 2003 - The Plutocratic Gap in the CPI: Evidence from Spain by Mario Izquierdo, Eduardo Ley, and Javier Ruiz-Castillo
The plutocratic gap is defined as the difference between the inflation measured according to the current official consumer price index (CPI) and a democratic index in which all households receive the same weight. During 1992–97, the plutocratic gap in Spain averaged 0.055 percentage points a year. Since positive and negative gaps cancel out, however, the average absolute gap is significantly larger: 0.090 percentage points a year. For the purposes of accounting for the plutocratic gap, a 53-dimensional commodity space can be conveniently reduced to two dimensions: a luxury index and a necessities index.
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| March 01, 1999 -- IMF Staff Papers March 1999 - How Do the Skilled and the Unskilled Respond to Regional Shocks?: The Case of Spain, by Paolo Mauro and Antonio Spilimbergo
Finds that the highly skilled migrate promptly in response to a decline in regional labor demand, while low-skilled workers drop out of the labor force or stay unemployed.
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