The government's new package of urgent economic policy measures: a preliminary assessment

Authors

  • Margarita Rohr Universidad de Valencia
  • Ángel Soler Universidad de Valencia

DOI:

https://doi.org/10.7203/IREP.4.1.24848

Abstract

The objective of this paper is to try to expose the effectiveness of the measures adopted in the RDL 6/2022 to control the high growth in prices that has been taking place since the summer of 2021 and has been aggravated by the Russian invasion of Ukraine in end of February 2022. The method "means-end scheme" is used to analyse the effectiveness of the measures. Throughout this paper, the limited effectiveness of the measures adopted is verified, either because they are not directly aimed at reducing price growth, or because they are insufficient to tackle the problem, although some of the measures do fulfil their objective. Because of the worsening of price growth constraints, the inflation rate in June 2022 stood at 10.2% and the government has approved a new RDL (11/2022) by which it extends and implements new measures to control price growth.

Downloads

Download data is not yet available.

References

BOE (2022). Real Decreto-ley 6/2022, de 29 de marzo, por el que se adoptan medidas urgentes en el marco del Plan Nacional de respuesta a las consecuencias económicas y sociales de la guerra en Ucrania, Boletín Oficial del Estado, 76, 41386-41545.

BOE (2022). Real Decreto 428/2022, de 7 de junio, por el que se establecen las bases reguladoras para la concesión directa de una ayuda excepcional de adaptación para compensar las dificultades económicas derivadas del conflicto bélico en Ucrania en determinados sectores agrarios, Boletín Oficial del Estado, 136, 77930-77947.

BOE (2022). Real Decreto-ley 11/2022, de 25 de junio, por el que se adoptan y se prorrogan determinadas medidas para responder a las consecuencias económicas y sociales de la guerra en Ucrania, para hacer frente a situaciones de vulnerabilidad social y económica, y para la recuperación económica y social de la isla de La Palma, Boletín Oficial del Estado, 152.

Elías, F. (2022). Las subvenciones a los carburantes y el control de precios: una evaluación del descuento de 20 céntimos. Noticias de Política Económica, número 36 – 11. Disponible en: newspoleco.blogs.uv.es/

Eurostat. (s.f.). HICP - monthly data (index). Comisión Europea. Recuperado en junio de 2022 de https://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=prc_hicp_midx&lang=en

Fernández, A. y Izquierdo, M. (2022). Encuesta a las empresas españolas sobre la evolución de su actividad: segundo trimestre de 2022. Boletín Económico 2/2022, Banco de España.

Instituto Nacional de Estadística. (s.f.). Índice de Precios de Consumo. Índices nacionales: general y de grupos ECOICOP. Recuperado en junio de 2022 de https://ine.es/jaxiT3/Tabla.htm?t=22344&L=0

Instituto Nacional de Estadística. (s.f.). Índice de Precios de Consumo. Índices nacionales de grupos especiales. Recuperado en junio de 2022 de https://www.ine.es/jaxiT3/Tabla.htm?t=22349&L=0

Ministerio de la Presidencia, relaciones con las cortes y memoria democrática (2022). Estatuto de los Trabajadores: La norma al día, Agencia Estatal Boletín Oficial del Estado, Madrid.

Myrdal, G. (1933). Ends and Means in Political Economy, Zeitschrift fur Nationalökonomie, IV (3), reprinted in Myrdal, 1958: 206–230.

OMI Polo Español. (s.f.). Spot hoy. Precios y volúmenes. Recuperado en junio de 2022 de https://www.omie.es/es/spot-hoy

Preciogas. (n.d.). Precio del kWh de Gas Natural en España 2022. Evolución. Recuperado en junio de 2022 de https://preciogas.com/faq/precio-kwh

Tinbergen, Jan (1962). Política económica. Principios y formulación, Fondo de Cultura Económica, Sección de Obras de Economía.

U.S. Energy Information Administration. (s.f.). Europe Brent Spot Price FOB (Dollars per Barrel).  United States Department of the Energy. Recuperado en junio de 2022 de https://www.eia.gov/dnav/pet/hist/RBRTED.htm

Downloads

Published

2022-07-14

How to Cite

Rohr, M., & Soler, Ángel. (2022). The government’s new package of urgent economic policy measures: a preliminary assessment. International Review of Economic Policy-Revista Internacional De Política Económica, 4(1), 1–19. https://doi.org/10.7203/IREP.4.1.24848
Metrics
Views/Downloads
  • Abstract
    555
  • PDF ESPAÑOL (Español)
    426

Issue

Vol. 4 No. 1 (2022)

Section

Articles

License

Copyright is the right exercised by the creator over his/her literary and artistic work. The owner of the copyright is, as a rule, the person who creates the work, which is to say the author. In Copyright Law, the author is considered to be “the natural person who creates a literary, artistic or scientific piece of work”.  Although in principle it is only natural or physical persons who may be considered to be authors, the law foresaw certain cases in which legal persons could also benefit from these rights.

Authorship is irrevocable; it may not be transmitted either inter vivos or in the form of a testamentary trust; it does not disappear with the passage of time nor is it public domain; it is not subject to the statute of limitations.

Copyright Law has a dual nature; it covers moral rights (paternity, integrity, dissemination…), and property rights (reproduction, distribution, public communication, transformation):

Moral rights (article 14 of the Spanish Copyright Law). These refer to acknowledgement of authorship. They are irrevocable and inalienable and correspond to the right to:

  •   Decide whether his/her work is to be disseminated and how.
  •   Acknowledge authorship of the work.
  •   Demand respect for the integrity of the work.
  •   Modify the work while being respectful of the rights acquired.
  •   Withdraw the work from sale, without prejudice to compensation for damages to the owners of the right of use.
  •   Access the single,unique copy of the work that is held by a third party

Property rights (articles 18 to 25 of the Spanish Copyright Law). They refer to the four types of right of use. They allow the owner of the work to obtain financial compensation for the third-party use of his/her work:

  • Reproduction: obtaining of copies of all or part of the work.
  • Distribution: the public availability of the work through its sale, rental, loan or by any other means.
  • Public Communication: action through which a group of people may have access to the work.
  • Transformation: the translation, adaptation and any other modification of the work, leading, or not, to new work derived from it.

Metrics