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 Research page.
Global imbalances from a stock perspective: the asymmetry between creditors and debtors
When fiscal consolidation meets private deleveraging
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)