This website offers information and updates about economic research activities at the Banco de España (Bank of Spain). This research aims to provide high-quality economic analysis to support the Banco de España in its role as Spain's central bank and as a member of the Eurosystem. It includes the regular monitoring of the Spanish, Euro-zone and world economies; the evaluation of relevant economic policies; financial regulation and supervision; and the compilation of statistics. It also aims to advance economic knowledge in areas of interest for central banking.
In 2011, by request of the Governor, the research activities of the Banco de España were evaluated by an external panel, constituted by Professors Ricardo Caballero (MIT), Jordi Galí (UPF), and Lucrezia Reichlin (LBS), and Dr. Luis Servén (World Bank). The report and the response of the Banco de España are available here:
Labour Economics 33, April 2015, pp. 81-93.
Laura Hospido (Banco de España).
Journal of Economic Dynamics and Control 52, March 2015, pp. 224-239.
Anton Nakov (ECB),
Galo Nuño (Banco de España).
Journal of Economic Surveys 29 (1), February 2015, pp. 46-75.
Enrique Moral-Benito (Banco de España).
Economic Journal 124 (581), December 2014, pp. 1234-1278.
Yunus Aksoy (Birkbeck, Univ. of London),
Henrique Basso (Banco de España).
International Journal of Central Banking 10 (3), September 2014, pp. 49-94.
Anton Nakov (ECB),
Carlos Thomas (Banco de España).
International Journal of Forecasting 30 (3), July-September 2014, pp. 520-535.
Gabriel Pérez-Quirós (Banco de España),
Máximo Camacho (Univ. de Murcia),
Pilar Poncela (Univ. Autónoma de Madrid).
Journal of Banking & Finance 43, June 2014, pp. 124-136.
Carlos Pérez Montes (Banco de España).
Journal of Monetary Economics 61, January 2014, pp. 114-142.
Fernando Broner (CREI),
Aitor Erce (Banco de España),
Alberto Martín (CREI),
Jaume Ventura (CREI).
IMF Economic Review 61 (4),
December 2013, pp. 601-630.
Ángel Estrada (Banco de España),
Jordi Galí (Univ. Pompeu Fabra),
David López-Salido (Board of Governors).
On 18-19 June 2015, the Banco de España will host a research conference, jointly organized with the Banque de France, entitled "Structural reforms in the wake of recovery: Where do we stand?" The conference seeks to bring together academics and policy makers to discuss the aggregate implications of recent structural reforms, both from a theoretical and an empirical perspective. Confirmed speakers include Yann Algan (Sciences Po Paris), Jordi Galí (UPF), Luis Garicano (LSE), and Francesco Giavazzi (Bocconi).
On 26-29 May 2015, the Banco de España will host the twenty-third edition of the European Summer Symposium in International Macroeconomics (ESSIM) in Roda de Bará, Tarragona. The conference, jointly organized with the CEPR, brings together top macroeconomists from European and overseas institutions, and is especially intended as an opportunity for young researchers to meet and collaborate with senior economists. To submit a paper, contact the CEPR via their Forthcoming Events page prior to 5 January 2015.SERIEs
SERIEs, the journal of the Spanish Economic Association, has published a special issue on "The crisis of the Spanish economy", addressing the impact of the Great Recession on the Spanish economy. Papers in the special issue address the markets for labor, real estate, and credit in Spain, and also reassess the behavior of the Spanish output gap. The guest editors for the special issue were Juan Francisco Jimeno (Banco de España) and Tano Santos (Columbia University).BANCO DE ESPAÑA
In keeping with its support for economic research in Spain, the Banco de España regularly invites proposals from expert scholars to undertake research projects at its headquarters in Madrid. Proposals should follow the application guidelines, and should be submitted no later than 14:00 on March 23, 2015.
Current visiting researchers include: