Banco de España Blog

Using a simple format and plain language, the Banco de España Blog seeks to make our work more accessible to the general public. It allows us to share our analysis of economic and financial issues and the ins and outs of the Banco de España’s tasks and activities with all those keen to learn more.

The Blog series group together posts covering certain similar topics. Further down is a general listing of all Blog posts, with a search function to help readers find the posts they are interested in.

 

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A world without cash: utopia or dystopia?

28/07/2026 Mª José Fernández Lupiáñez and Félix Redondo Gaitón

Can you imagine a world without banknotes and coins? While such a future is not inconceivable, it is by no means imminent. Yet some believe cash has its days numbered. But could it really be nearing an end? And if so, would it necessarily be a good thing, or could it prove a misstep? The coexistence of physical and digital forms of money allows people to choose what best suits each situation.

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11 results found with the selected filters

imagen capitulo 31

08/07/2026

Measuring uncertainty in the age of narratives Series: Economy

Javier Pérez and Marina Diakonova

Every day, we make decisions without knowing what the future holds. That's uncertainty, and lately it seems to have become particularly noisy. In this episode of CIENxCIEN, we explore how uncertainty is measured, how it affects the economy, and why, in a world full of narratives and noise, learning how to live with it is essential for making better decisions.

Economic policies

SUBHOME

25/06/2026

Connecting economic research and policy in Spain: the Santander conference

Enrique Moral-Benito

Economic policy needs to be grounded in rigorous analysis through economic research. Connecting research and policymaking requires a sustained exchange of ideas between the two. That is exactly what the conference in Santander, organised annually by the Banco de España together with CEMFI and the Universidad Internacional Menéndez Pelayo, sets out to do.

Economic policies

Imagen episodio 19

28/01/2026

Economic forecasting in stormy weather Series: Economy

Enrique Moral and Iván Kataryniuk

They say a butterfly flapping its wings in one part of the world can cause a hurricane in another, and everyone (people and countries alike) wants to be ready when this happens to the economy, so we’re not caught unawares. In this episode of CIENxCIEN, Ana Comellas invites Enrique Moral and Iván Kataryniuk to explain how macroeconomic projections enable us to anticipate the main economic variables, how accurate these forecasts are and how relevant they are in such a changing environment as the present one.

Economic policies

Una brújula para guiar nuestra investigación: las Prioridades Analíticas del Banco de España 2025-2030

21/01/2026

A map to guide our research: The Banco de España’s Analysis Priorities for 2025-30 Series: Focus. Research Videoblog

David López Salido

The Banco de España has published its analysis priorities for the next five years, which will help inform our points of view. We are going to focus on four main topics: pillars of central banking, European resilience in a changing world, challenges facing the Spanish economy and global trends.

Economic policies

Roberto Serrano

17/03/2025

Roberto Serrano, winner of the King of Spain Prize in Economics Series: Focus. Research Videoblog

Enrique Alberola

Roberto Serrano, Professor of Economics at Brown University, has been awarded the King of Spain Prize in Economics. This award recognises not only the contributions made to game theory by one of the leading figures in the field, but also his inspiring personal journey.

Subhome incertidumbre

29/07/2024

Measuring economic uncertainty. The role of artificial intelligence Series: Focus. Research Videoblog

Corinna Ghirelli and Andrés Azqueta-Gavaldón

Uncertainty is part and parcel of our lives. It affects our decisions and economic activity too. That’s why identifying and measuring economic uncertainty is key for economists. The Banco de España has developed various indicators of uncertainty, such as the EPU indexes, that help assess the risks and quantify their possible impact on activity.

Economic policies

PHC_subhome

10/06/2024

Six intense years at the helm of the Banco de España. How have we responded to the challenges we have faced?

Pablo Hernández de Cos

In his farewell as Governor, Pablo Hernández de Cos shares his vision about the Banco de España’s role during his term of office (2018-2024). These years have been marked by a succession of unprecedented events, such as the pandemic and economic and inflationary swings.

Economic policies

Nube_subhome_en

30/04/2024

The main challenges facing the Spanish economy and how to tackle them Series: Challenges for the Spanish economy

Pablo Hernández de Cos

The Spanish economy continued to grow markedly in 2023 and the outlook is favourable, albeit in a context of global uncertainty. Nevertheless, we continue to face structural challenges with far-reaching effects that make it difficult to reach euro area living standards. The Banco de España’s Annual Report discusses these issues and economic policies to address them.

Economic policies