{"id":5185,"date":"2014-03-03T11:36:28","date_gmt":"2014-03-03T10:36:28","guid":{"rendered":"https:\/\/blog.iese.edu\/antonioargandona\/?p=5185"},"modified":"2014-03-06T17:06:23","modified_gmt":"2014-03-06T16:06:23","slug":"que-si-que-la-macroeconomia-tiene-razon","status":"publish","type":"post","link":"https:\/\/blog.iese.edu\/antonioargandona\/2014\/03\/03\/que-si-que-la-macroeconomia-tiene-razon\/","title":{"rendered":"Que s\u00ed, que la macroeconom\u00eda tiene raz\u00f3n: estamos superando la crisis"},"content":{"rendered":"<p>Cada d\u00eda me encuentro con alguien que me pregunta: <strong>\u00abPero, \u00bfes verdad que la econom\u00eda espa\u00f1ola est\u00e1 superando la crisis?\u00bb<\/strong> Y suelen a\u00f1adir: <strong>\u00abPorque yo no lo veo&#8230;\u00bb.<\/strong> Mi respuesta es: s\u00ed. Y presento algunas razones:<\/p>\n<ul>\n<li><strong>El crecimiento de la demanda agregada<\/strong>. Y me contestan: s\u00ed, pero es fruto de las <strong>exportaciones<\/strong>. Vale, les digo yo. Y las exportaciones \u00bfcrean o no producci\u00f3n y empleo? Me recuerda a los que, en los a\u00f1os sesenta y setenta dec\u00edan que el turismo no era un motor de la econom\u00eda espa\u00f1ola, quiz\u00e1s porque no se materializaba en chimeneas y humo, o porque parece que los turistas dejar\u00edan de venir la semana que viene&#8230;<\/li>\n<li><strong>Las reformas est\u00e1n dando resultados.<\/strong> S\u00ed, ya s\u00e9 que son incompletas, pero ah\u00ed est\u00e1n, y produciendo efectos, por ejemplo en el empleo.<\/li>\n<li><strong>El cr\u00e9dito nuevo est\u00e1 aumentando.<\/strong> Lentamente, s\u00ed. Pero est\u00e1 aumentando. El <em>stock<\/em> de cr\u00e9dito se reduce (los bancos dan de \u00a0baja cr\u00e9ditos incobrables), pero el flujo aumenta (los bancos est\u00e1n concediendo nuevos cr\u00e9ditos). No hay para echar cohetes, pero&#8230; \u00bfes o no un factor de recuperaci\u00f3n?<\/li>\n<\/ul>\n<p>Hay otras razones, claro, pero no quiero escribir demasiado sobre esto, al menos por ahora. Tranquilos:<strong> la econom\u00eda se est\u00e1 recuperando<\/strong>. Poco a poco, muy poco a poco, pero se est\u00e1 recuperando.<\/p>\n<p><strong>Puede perder ritmo<\/strong>, claro, porque la ley de Murphy no ha sido abolida, y si algo puede salir mal, saldr\u00e1 mal. <strong>Pero, entre tanto, yo me apunto al optimismo. \u00a1Ah!, y a la paciencia. Las plantas no crecen tirando de ellas hacia arriba, sino porque hay algo dentro de ellas que las hace crecer.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cada d\u00eda me encuentro con alguien que me pregunta: \u00abPero, \u00bfes verdad que la econom\u00eda espa\u00f1ola est\u00e1 superando la crisis?\u00bb Y suelen a\u00f1adir: \u00abPorque yo no lo veo&#8230;\u00bb. Mi respuesta es: s\u00ed. Y presento algunas razones: El crecimiento de la demanda agregada. Y me contestan: s\u00ed, pero es fruto de las exportaciones. Vale, les digo [&hellip;]<\/p>\n","protected":false},"author":172,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11722],"tags":[12828,1588,12823],"class_list":["post-5185","post","type-post","status-publish","format-standard","hentry","category-economia","tag-crecimiento","tag-espana","tag-recuperacion"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"La econom\u00eda se est\u00e1 recuperando. 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