Pablo Hernández de Cos: Tax and transfer systems

Welcome address by Mr Pablo Hernández de Cos, Governor of the Bank of Spain, at the Second Annual Research Conference of the Bank of Spain, Madrid, 3 September 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
03 September 2018

Good morning.

I would like to welcome you to the second Annual Research Conference, which this year is jointly organised by Banco de España and the Institute for Fiscal Studies.

Let me start by thanking our colleagues from IFS. The IFS is a benchmark for rigorous policy analysis, far-reaching influence and frontier academic research, and it is indeed an honour for us to collaborate with them.

This meeting has become our flagship research conference with the main goal of bringing together leading scholars and policy-makers to discuss frontier research on recent economic developments and the policy options to address them.