Does the average response of inflation to oil supply shocks mask a more fundamental risk to price stability? We show oil supply shocks persistently generate upside risks to inflation in the US, EA & UK. #bdeResearch ➡️ www.bde.es/wbe/en/publi...
Banco de España Research
@bde-research.bsky.social
Publications, conferences, and other news from @bde.es researchers. Authors’ views are their own and not necessarily those of the Banco de España.
🏘️Interested in household finances? Join the conference “The EFF: More than 20 Years of Research Experience and the Way Forward” on 3–4 September to learn how household wealth surveys contribute to research, official statistics and policymaking. 👉 www.bde.es/eventos/es/e...
💶 Arte, tecnología, ciencia y psicología se unen para dar forma al dinero que utilizamos cada día. En el próximo episodio de #CIENxCIEN, Beatriz García, Fernando León, y Juan Lupiáñez, nos ayudarán a descubrir cómo se diseñan hoy los billetes. Escúchalo este viernes: www.bde.es/wbe/es/notic...
How does banks’ interest-rate risk exposure shape monetary policy transmission? This new paper shows that differences between fixed- and variable-rate banking systems can be amplified by banks' solvency risk. ➡️ www.bde.es/wbe/en/publi...
How does digitalization affect credit markets? This new paper studies the TicketBAI’s eInvoicing reform using loan-level data. Main finding: eInvoicing reshapes both credit allocation and banks’ risk assessments www.bde.es/wbe/en/publi... #bdeResearch
The Conference on the Spanish Economy brings together economic researchers and policymakers in a dialogue that is as engaging as it is necessary. Housing and institutions are the issues on the table this year 👉 www.bde.es/wbe/en/notic... #bdeBlog
Evidence for Spain (2004–2023): higher markups, stable competition. ➡️ ➡️ www.bde.es/wbe/es/publi... #BdeResearch
Next research seminar: Benjamin Born will be presenting "The impact of interest: Firms’ investment sensitivity to interest rates” on June 30, 12:00 CET ➡️ www.bde.es/wbe/en/areas... #bdeResearch
Are you researching household credit or indebtedness? BELab provides access to granular loan-level data on loans to individuals reported to the CIR. The dataset contains information with 19 attributes describing the characteristics of the loans and their borrowers: app.powerbi.com/view?r=eyJrI...
The Banco de España, CEMFI and Menéndez Pelayo International University organise the Conference on the Spanish Economy in Santander to connect research with the economic policies to which it is applied www.bde.es/wbe/en/notic... If you’re interested in attending, email us at aee.direccion@bde.es
Next research seminar: Joana Silva (World Bank) will be presenting "Building Human Capital Where It Matters: Homes, Neighborhoods, and Workplaces” on June 17, 12:00 CET ➡️ www.bde.es/wbe/en/areas... #bdeResearch
Next research seminar: Christoph Albert (Collegio Carlo Alberto) will be presenting "Business Cycles, Competition and the Labor Market Assimilation of Immigrants: Evidence from Spain” on June 17, 12:00 CET ➡️ www.bde.es/wbe/en/areas... #bdeResearch
What do consumer and firm confidence measures reveal, and do they matter for the macroeconomy? Using European survey data, this paper shows confidence shocks capture non-technological factors and play an important role in unemployment fluctuations over the cycle www.bde.es/wbe/en/publi...
Next research seminar: James Hansen will be presenting "The Equity Premium, Long-run Risk, and Asymmetric Optimal Monetary Policy” on June 10, 12:00 CET www.bde.es/wbe/en/areas... #bdeResearch
Next research seminar: Pascuale Della Corte (Imperial College London) will be presenting " Beyond Bilateral Flows: Indirect Connections and Exchange Rates ” on June 03, 12:00 CET. ➡️ www.bde.es/wbe/en/areas... #bdeResearch
This year marks the 40th anniversary of the Rey de España Prize for Economics, which recognises the academic and professional achievements of Spanish and Latin American figures in the field of economics. The deadline for entries is 30 June at 23:59 Spanish time 🔗 www.premiodeeconomia.org/wpm/es/
Tom Hegarty, Associate Director at TNFD, explains in this video why water is a strategic management issue. He took part in “Water and Financial Stability: Moving from Risks to Resilience”, a high-level international conference jointly convened by @bde.es @oecd-env.bsky.social #CPD #NGFS
Next research seminar: Maximilian Konradt (Imperial College Business School) will be presenting "Green Business Cycles” on May 28, 12:00 CET. ➡️ www.bde.es/wbe/en/areas... #bdeResearch
Kate Brauman, from the University of Alabama, explains how data and models help measure the financial impact of water-related risks. She took part in “Water and financial stability: moving from risks to resilience”, a high-level meeting convened jointly by @bde.es, @oecd-env.bsky.social, #CPD #NGFS
💧The event comprised two days of high-level discussions and presentations, during which all aspects of #water management and its impact on #financialstability were examined. The video provides a summary of the 13th Roundtable on #FinancingWater Don’t miss it! 📽️ www.youtube.com/shorts/8yD67...
Noelia Jiménez from #bancodeespaña summarizes the conference “Water and Financial Stability”.
Banco de España hosted on May 21 and 22 in Madrid the high-level international conference Water and Financial Stability: Moving from Risks to Resilience, foc...
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📢 The second day of the 13th Roundtable on #FinancingWater begins at 9:00 a.m., where participants will discuss the impact of #Water on #FinancialStability. The event is being held at the @bde.es Follow the sessions live 🎥 www.youtube.com/live/mcpGTUP... #Water&FinancialStability
Day 2 - 13th Meeting of the Roundtable on Financing Water
The OECD, Banco de España, CDP and the Network for Greening the Financial System (NGFS) organise the 13th Meeting of the Roundtable on Financing Water, a the...
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Next research seminar: João Pereira dos Santos (ISEG) will be presenting "Sailing through troubled waters: Evidence from support discontinuities to firms in times of crisis” on May 25, 10:00 CET. www.bde.es/wbe/en/areas... #bdeResearch
Next research seminar: Ferran Elias (Universitat de Girona) will be presenting "The Extension of Collective Agreements in Fissured Workplaces: Wage Premiums, Spillovers and Rent-Sharing” on May 19, 12:00 CET ➡️ www.bde.es/wbe/en/areas... #bdeResearch
Next research seminar: Ethan Ilzetzki (LSE) will be presenting "GI Jobs in GE: The macroeconomic effects of defense employment” on May 13, 12:00 CET. www.bde.es/wbe/en/areas... #bdeResearch
Banks’ market power shaped the euro-era tightening: weak pass-through on deposits led to sharper credit cuts for riskier firms, higher loan rates, and better returns. The deposit channel pushes banks to optimize risk return, reversing ZLB search for yield. ▶️ www.bde.es/wbe/en/publi... #bdeResearch
Next research seminar: Marta Cota (Nova SBE) will be presenting "Is Knowledge Enough? Financial Literacy, Marriage, and Gender Differences in Wealth” on May 6, 12:00 CET. www.bde.es/wbe/en/areas... #bdeResearch
Next research seminar: Karsten Müller (NUS)) will be presenting “Two Centuries of Systemic Bank Runs” on April 29, 12:00 CET. www.bde.es/wbe/en/areas... #bdeResearch
When uncertainty indicators disagree, what are they really telling us? We use news-based topic indices to show why EPU and VIX/CLIFS diverge, and what that reveals about the economy. www.bde.es/wbe/en/publi... #bdeResearch
Next research seminar: Juan José Dolado (UC3M) will be presenting “Riders on the Storm” on April 16, 12:00 CET. www.bde.es/wbe/en/areas... #bdeResearch
