España | Retardos cortos y variables... de política monetaria

Spain | Short and Variable Lags

Guilherme Alves da Silva, Gergely Buda, Vasco Carvalho, Giancarlo Corsetti, Joao Duarte, Stephen Hansen, Alvaro Ortiz, Afonso Pereira da Silva, Tomasa Rodrigo and Sevi Rodríguez Mora

No 23/02, Working Papers from BBVA Bank, Economic Research Department

Abstract: We study the transmission of monetary policy shocks using daily consumption, corporate sales and employment series. We find that the economy responds at both short and long lags that are variable in economically significant ways. We study the transmission of monetary policy shocks using daily consumption, corporate sales and employment series. We find that the economy responds at both short and long lags that are variable in economically significant ways.

Keywords: forecasts; previsiones; Economic activity; Actividad económica; Big Data; Big Data; Monetary policy; Política monetaria; Spain; España; Analysis with Big Data; Análisis con Big Data; Global Economy; Economía Global; Working Paper; Documento de Trabajo (search for similar items in EconPapers)
JEL-codes: E31 E43 E44 E52 E58 (search for similar items in EconPapers)
Pages: 60 pages
Date: 2023-03
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Persistent link: https://EconPapers.repec.org/RePEc:bbv:wpaper:2302

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