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Welcome to the Economic Research Portal at the Banco de España

Economic analysis and research are important tasks of the Banco de España, which support its role as Spain’s central bank and as a member of the Eurosystem.

The Economic Research Portal is directed towards the community of economic and financial researchers worldwide, to provide quick access to publications, statistics, and other information of interest relating to the research output of the Banco de España.

For more comprehensive access to all analytical and research output of the Banco de España, please see the main Economic Analysis and ResearchAbre en nueva ventana page.

Publication Updates

  • Global imbalances from a stock perspective: the asymmetry between creditors and debtors

    Journal of International Money and Finance, 107, October 2020.
    Enrique Alberola (BIS)
    Ángel Estrada (Banco de España)
    Francesca Viani (Banco de España)

  • When fiscal consolidation meets private deleveraging

    Review of Economic Dynamics, 37, July 2020, pp. 214-233.
    Javier Andrés (Universidad Valencia), 
    Óscar Arce (Banco de España),
    Dominik Thaler (Banco de España), 
    Carlos Thomas (Banco de España)

  • Rank Effects in Bargaining: Evidence from Government Formation

    Review of Economic Studies, 87(3), May 2020, pp. 1261–1295.
    Thomas Fujiwara (Princeton University)
    Carlos Sanz (Banco de España)

  • Markov-switching three pass regression filter

    Journal of Business & Economic Statistics, 38 (2), April 2020, pp. 285-302.
    Pierre Guérin (IMF)
    Danilo Leiva-Leon (Banco de España)
    Massimiliano Marcellino (Bocconi University)