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España | Los cortos retardos de la política monetaria
[Spain | The Short Lags of Monetary Policy]

Author

Listed:
  • Gergely Buda
  • Vasco M. Carvalho
  • Giancarlo Corsetti
  • João Duarte
  • Stephen Hansen
  • Afonso Pereira da Silva Souto de Moura
  • Alvaro Ortiz
  • Tomasa Rodrigo
  • Guilherme Alves da Silva
  • José V. Rodríguez Mora

Abstract

El Documento de Trabajo examina la transmisión de shocks de política monetaria a la macroeconomía en alta frecuencia. Para ello, se construyen agregados diarios de consumo e inversión utilizando registros de transacciones bancarias, así como datos administrativos, para medir la producción bruta diaria y el empleo en España. This Working Paper examines the transmission of monetary policy shocks to the macroeconomy at high frequency. To do this, daily consumption and investment aggregates are constructed using bank transaction records and administrative data to measure daily gross output and employment in Spain.

Suggested Citation

  • Gergely Buda & Vasco M. Carvalho & Giancarlo Corsetti & João Duarte & Stephen Hansen & Afonso Pereira da Silva Souto de Moura & Alvaro Ortiz & Tomasa Rodrigo & Guilherme Alves da Silva & José V. Rodrí, 2025. "España | Los cortos retardos de la política monetaria [Spain | The Short Lags of Monetary Policy]," Working Papers 25/02, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:2502
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    More about this item

    Keywords

    Local projections; Proyecciones locales; High frequency data; Datos de alta frecuencia; Event-study; Estudio de eventos; Monetary policy; Política monetaria; Economic activity; Actividad económica; Spain; España; Big Data techniques used; Con técnicas Big Data; Macroeconomic Analysis; Análisis Macroeconómico; Working Paper; Documento de Trabajo;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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