Focus. Research blog

Banco de España economic research underpins our analysis and our economic policy decisions and recommendations. The papers are often technically complex. These posts aim to bring that research closer to the Blog audience and they include others related to our research activities.

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9 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.

Macroeconomic projections

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.

Macroeconomic projections

Subhome_Cubos

21/02/2024

Independent evaluations: a tool for transparency, improvement and modernisation

María Gutiérrez de Ojesto and Álvaro Moreno

The Banco de España is conducting independent evaluations of its functions and activities through its Evaluation and Strategic Planning Office. This initiative places us at the vanguard of central banking in key aspects such as continuous improvement and transparency.

Macroeconomic projections

21/02/2024

Macroeconomic projections