España | Los cortos retardos de la política monetaria

Spain | The Short Lags of Monetary Policy

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

No 25/02, Working Papers from BBVA Bank, Economic Research Department

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.

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 (search for similar items in EconPapers)
JEL-codes: E31 E43 E44 E52 E58 (search for similar items in EconPapers)
Pages: 99 pages
Date: 2025-03
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Persistent link: https://EconPapers.repec.org/RePEc:bbv:wpaper:2502

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