Working Papers 2002
The Working Paper series seeks to disseminate original research in economics and finance. As from 2003, all papers have been anonymously refereed. By publishing these papers, the Banco de España aims to contribute to economic analysis and, in particular, to knowledge of the Spanish economy and its international environment.
The opinions and analyses in the Working Paper series are the responsibility of the authors and, therefore, do not necessarily coincide with those of the Banco de España or the Eurosystem.
The Documentos de Trabajo series includes working papers in Spanish and in English. This page provides access solely to those in English. To view the complete list, click here.
All the papers published in this collection (see catalogue 
(874 KB)) can be obtained in their traditional print version or in electronic format. If they are not directly accessible on this website, orders can be addressed to Publications (e-mail: publicaciones@bde.es).
All documents are available in PDF format
- 0229 Gabriel Pérez Quirós and Jorge Sicilia: Is the European Central Bank (and the United States Federal Reserve) predictable? (421 KB).
- 0227 Andrew Benito and Ignacio Hernando: Extricate: Financial Pressure and Firm Behaviour in Spain (519 KB).
- 0226 Andrew Benito: Financial pressure, monetary policy effects and inventory adjustment by UK and Spanish firms (3,09 MB).
- 0225 Andrew Benito: Does Job Insecurity Affect Household Consumption? (504 KB).
- 0224 Juan Ayuso, Daniel Pérez and Jesús Saurina: Are capital buffers pro-cyclical? Evidence from Spanish panel data (350 KB).
- 0223 José Manuel Campa and Ignacio Hernando: Value creation in European M&As (440 KB).
- 0222 Klaus Desmet: Asymmetric Shocks, Risk Sharing, and the Latter Mundell (822 KB).
- 0221 Marco Hoeberichts: The Credibility of Central Bank Announcements (160 KB).
- 0219 José Manuel Campa and Jose M. González Mínguez: Differences in exchange rate pass-through in the euro area (209 KB).
- 0217 Sonsoles Gallego, Alicia García Herrero and Jesús Saurina: The Asian and European Banking Systems: The Case of Spain in the Quest for Develpoment and Stability (262 KB).
- 0216 Alicia García Herrero, Javier Santillán, Sonsoles Gallego, Lucía Cuadro and Carlos Egea: Latin American Financial Development in Perspective (336 KB).
- 0215 Pierpaolo Benigno and J. David López-Salido: Inflation persistence and optimal monetary policy in the Euro Area (447 KB).
- 0214 Ignacio Hernando and André Tiomo: Financial constraints and investment in France and Spain: a comparison using firm level data (168 KB).
- 0213 Enrique Alberola, Ana Buisán and Santiago Fernández de Lis: The quest for nominal and real convergence through integration in Europe and Latin America (382 KB).
- 0212 Alpo Willman and Ángel Estrada: The Spanish block of the ESCB-Multi-Country model (255 KB).
- 0211 Alberto Cabrero, Gonzalo Camba-Mendez, Astrid Hirsch and Fernando Nieto: Modelling the daily banknotes in circulation in the context of the liquidity management of the European Central Bank (517 KB).
- 0209 Andrew Benito and Garry Young: Financial Pressure and Balance Sheet Adjustment by UK Firms (315 KB).
- 0208 Regina Kaiser and Agustín Maravall: A Complete Model-Based Interpretation of the Hodrick-Prescott Filter: Spuriousness Reconsidered (161 KB).
- 0207 Agustín Maravall: An Application of TRAMO-SEATS: Automatic Procedure and Sectoral Aggregation (292 KB).
- 0205 Ángel Estrada and J. David López-Salido: Understanding spanish dual inflation (209 KB).
- 0204 Jordi Galí, Mark Gertler and J. David López-Salido: Markups, gaps, and the welfare costs of business fluctuations (423 KB).
- 0203 Ignacio Hernando and Soledad Núñez: The contribution of ICT to economic activity: a growth accounting exercise with Spanish firm-level data (159 KB).