Articles by Miguel Navascués

About the Author

Miguel Navascués
Miguel Navascués has worked as an economist at the Bank of Spain for 30 years, and focuses on international and monetary economics. He blogs in Spanish at: http://http://www.miguelnavascues.com/
Trump's tax plan

Is Trump’s Tax Plan Really Serious?

Donald Trump’s tax plan, which is now being debated in the Senate, states very seriously that its effect will be to multiply investment and jobs. That’s up for discussion, given that the US has probably reached its maximum potential, namely in terms of GDP without inflation and the jobless rate is at 4%.






Investors' perception of markets' risks

The Markets Are Not Frightened, Which Is A Reason To Fear

Markets’ indicators are showing a lack of any estimation of risk. To begin with, they are at record highs, although some observers say there is still upside potential. Investors’ perception of risk is very slight or zero and, as a result, the risks are very high for them.



Catalan referendum

Catalan Referendum: Rajoy has the law on his side, but is politically weak

The main problem from today onwards is not that Catalonia obtains independence, because there is zero possibility of that happening. It’s rather the weakening of Spain and Europe. Prime Minister Rajoy has the law on his side, but he is politically weak. He needs to look for back up outside, from Europe. But effective support, not notional.