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Logo of the Economic Research Portal, go to homepage ECONOMIC RESEARCH

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.

News and highlights

Latest research feature

Our latest research feature shows that interventions of central banks in the FX markets can attenuate spillovers from global financial cycles. Read the full feature here. Go to news, Latest research feature

Events affected by COVID-19

Due to the extraordinary circumstances caused by the COVID-19 several conferences organized by Banco de España are being postponed, including the Malaga Finance Workshop and the workshop on labor economics. Go to news, Events affected by COVID-19

JEEA outstanding article award

The EEA has awarded the Hicks-Tinbergen medal 2020 to Jose Asturias, Manuel García-Santana and Roberto Ramos for their paper "Competition and the Welfare Gains from Transportation Infrastructure" (JEEA, 17(6)). Go to news, JEEA outstanding article award

More news and highlights...

Banco de España on IDEAS:

12th among central banks Abre en nueva ventana

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)

More publications updates...