Individual and sectoral analysis framework for the impact of economic and financial risks

Carlos Pérez Montes, Alejandro Ferrer, Gabriel Jiménez, Laura Álvarez Román, Henrique Basso, Beatriz González López, Sergio Mayordomo, Álvaro Menéndez Pujadas, Myroslav Pidkuyko, Lola Morales, Pedro Javier Martínez-Valero and Ángel Valentín
Additional contact information
Carlos Pérez Montes: Banco de España
Alejandro Ferrer: Banco de España
Gabriel Jiménez: Banco de España
Laura Álvarez Román: Banco de España
Beatriz González López: Banco de España
Álvaro Menéndez Pujadas: Banco de España
Lola Morales: Banco de España
Pedro Javier Martínez-Valero: Banco de España
Ángel Valentín: Banco de España
Authors registered in the RePEc Author Service: Laura Álvarez-Román

No 2313, Occasional Papers from Banco de España

Abstract: The Banco de España uses various microeconomic models, mostly of an empirical nature, to support its decision-making in relation to the analysis of economic and financial risks and economic policy advice. These models, which complement those of a macroeconomic nature, seeks to identify the potentially heterogeneous impact on different groups of agents of certain economic, financial or public policy scenarios. This analysis covers many areas, including the study of the behaviour of households and non-financial corporations, the internal credit rating of companies, the study of the demand for and supply of bank credit, top-down bank stress tests, supervisory review and evaluation processes (SREP) and the study of non-bank financial intermediaries. This paper shows how these models have been applied to analyse two recent crisis events, the onset of the COVID-19 pandemic and the Russian invasion of Ukraine, illustrating their practical utility and the need for their development and continuous adaptation.

Keywords: microeconomics; microeconometrics; non-financial private sector; banks; other financial intermediaries; risks; impact (search for similar items in EconPapers)
JEL-codes: D12 D22 D40 G10 G21 G28 G32 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2023-11
New Economics Papers: this item is included in nep-cis
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Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:2313e

DOI: 10.53479/34812

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