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OECD's 1992 Economic Survey of Spain examines economic developments in 1991, macroeconomic policies and short-term prospects, public sector structural issues and inflation performance and structural rigidities.
Tables des matières:
Introduction I. Economic developments in 1991 -Trends in demand -Labour market developments -The slow disinflation -Trade and balance of payments II. Macroeconomic policies and short-term prospects -Monetary trends in 1991 -Fiscal developments -The outturn in 1991 -The 1992 budget -Short-term prospects III. Public sector structural issues -General government financial consolidation -Public sector firms IV. Inflation performance and structural rigidities -The anti-inflation strategy -Inflation trends and proximate causes -Cost-sources of inflation -Sectoral sources of inflation -Unbalanced growth and excessive demand pressures -Institutional and microeconomic rigidities -Evidence of inflation-proneness -Wage-formation and labour market rigidities -Imperfect competition and inadequate public services -Distortions in the property market V. Conclusions Notes and references Statistical annex