España | Los breves desfases de la Política Monetaria

Spain | The Short Lags of Monetary Policy

Bbva Research

No 25/08, Working Papers from BBVA Bank, Economic Research Department

Abstract: We examine the transmission of monetary policy shocks to the macroeconomy at high frequency. To do this, we build daily consumption and investment aggregates using bank transaction records and leverage administrative data for measures of daily gross output and employment for Spain. We examine the transmission of monetary policy shocks to the macroeconomy at high frequency. To do this, we build daily consumption and investment aggregates using bank transaction records and leverage administrative data for measures of daily gross output and employment for Spain.

Keywords: High frequency data; Datos de alta frecuencia; Monetary policy; Política monetaria; Economic activity; Actividad económica; Local projections; Proyecciones locales; Spain; España; Macroeconomic Analysis; Análisis Macroeconómico; Big Data techniques used; Con técnicas Big Data; 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: 2025-07
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Persistent link: https://EconPapers.repec.org/RePEc:bbv:wpaper:2508

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