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:
European Economic Review 59, April 2013, pp. 19-34.
Óscar Arce (Banco de España),
Jose Manuel Campa (IESE Business School),
Ángel Gavilán (BBVA).
Journal of Human Resources 48 (1), Spring 2013, pp. 169-197.
Daniel Fernández-Kranz (IE Business School),
Aitor Lacuesta (Banco de España),
Nuria Rodríguez-Planas (IAE-CSIC).
The Economic Journal 122, December 2012, pp. 1346-1372.
Javier Andrés (Univ. de Valencia),
Óscar Arce (Banco de España).
Oxford Bulletin of Economics and Statistics 74 (5), October 2012, pp. 760-775.
Laura Hospido (Banco de España).
American Economic Review 102 (5), August 2012, pp. 2301-2326.
Gabriel Jiménez (Banco de España),
Steven Ongena (CentER-Tilburg),
José Luis Peydró (Univ. Pompeu Fabra),
Jesús Saurina (Banco de España).
Journal of Banking and Finance 36 (6), June 2012, pp. 1665-1677.
Javier Mencía (Banco de España).
Canadian Journal of Economics 45 (2), May 2012, pp. 448-471.
Giancarlo Corsetti (Cambridge University),
Luca Dedola (European Central Bank),
Francesca Viani (Banco de España).
Review of Economics and Statistics 94 (2), May 2012, pp. 566-579.
Enrique Moral (Banco de España).
The eleventh edition of the Emerging Markets Workshop will take place on 4-5 November 2013 in Madrid, at the Banco de España headquarters.This year, it will aim at taking a wider view on the “The new economic landscape in the aftermath of the crisis” and, in particular, on how emerging market economies are faring in this new environment. The conference organizers invite submissions of extended abstracts from researchers at central banks and international financial organizations.SERIEs
SERIEs, the journal of the Spanish Economic Association, announces a call for papers on "The crisis in the Spanish economy". The issue will address the causes and policy implications of the current crisis. Topics of particular interest include unemployment, the housing market, banks, structural reforms, sovereign debt, Eurosystem reforms, and political economy issues. The guest editors for the special issue will be Juan Francisco Jimeno (Banco de España) and Tano Santos (Columbia University).BANCO DE ESPAÑA
On 12 March 2013, the Banco de España hosted a policy conference, jointly organized with the Reinventing Bretton Woods Committee, on "International Financial Integration and Fragmentation: Drivers and Policy Responses". The conference gathered a selected group of academics, policymakers and private sector analysts, and it was opened by the Governor of Banco de España. The seminar analyzed challenges in the new financial landscape, including the situation of financial fragmentation in the euro area.BANCO DE ESPAÑA
The Banco de España congratulates Olympia Bover, the head of its Microeconomic Studies Unit, who has been awarded the John W. Kendricks Prize for the best microeconomics paper published in 2010 or 2011 in the Review of Income and Wealth. The award recognizes her paper Wealth Inequality and Household Structure: U.S. vs. Spain, published in June 2010. The paper shows how the different household structures of the two countries affect their wealth distributions, comparing data from the Survey of Consumer Finances in the United States with data from the Encuesta Financiera de las Familias (the Spanish Survey of Household Finances), which is constructed by the Banco de España under Dr. Bover's guidance.European System of Central Banks
In Málaga, on Sunday, August 26, 2012, the Banco de España hosted a Day-Ahead Conference to precede the EEA-ESEM meetings, on behalf of the European System of Central Banks. The conference, entitled "Financial stability: measurement, theory, and policy analysis", addressed recent trends in credit supply, capital and liquidity regulation in banking, and the dynamics of the housing market, among other issues.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. Current visiting researchers include: