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Economic Notes

The Economic Notes address specific matters relating to conjunctural developments and to methodological and statistical issues. They seek to bring the papers and analyses of the Banco de España to the attention of the general public and to improve knowledge of the Spanish economy.

Since January 2017 the Economic Notes have been disseminated ahead of the related quarterly Economic Bulletin and are listed by release date or by subject.

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  • 14/09/2018
    Reference variables for analysing inflation in Spain (571 KB) Luis Julián Álvarez and Isabel Sánchez

    This note analyses the main reasons why the Directorate General Economics, Statistics and Research of the Banco de España has recently adopted the Harmonised Index of Consumer Prices (HICP) and its associated measure of core inflation (the HICP excluding energy and food) as its reference variables for analysing inflation in Spain, instead of its previous practice of focusing on the consumer price index (CPI) and the CPI excluding unprocessed food and energy. The advantages in terms of communication and consistency with the other euro area countries and the European Central Bank (ECB) make it advisable to base the regular analysis of price developments on the harmonised measures. In any case, the CPI will continue to be analysed regularly, given its more extensive regional coverage and longer time series.

  • 07/06/2018
    Developments in public debt in Spain in 2017 (896 KB) Mar Delgado, Blanca García and Leonor Zubimendi
  • 15/02/2018

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