📢 Update for Researchers: Are you interested in analyzing the use of various payment methods, with a particular focus on card payments? You can now conduct your research project at #BELab using the Payment Transactions (PAY) dataset. #bdeResearch #PaymentData

Fintechs can expand access to financing for SMEs, boosting economic growth. But how might this reshape SMEs’ access to traditional bank lending? The key lies in competition: fintechs must position themselves in new market segments #bdeBlog #bdeResearch #bdeVideoBlog #bdeFocus

📢 News alert for researchers! Would you like to analyze the evolution of interest rates and the balance sheet structure of Spanish Monetary Financial Institutions? You can now carry out your research project at the #BELab using the #Microdata on interest rates of Spanish

🏖️ Banco de España Research is taking a summer break. We will back in September 🤓. Thanks a lot for following us. We wish you all a nice summer 👋 #bdeResearch

Spain is highly vulnerable to climate risk. Desertification is spreading and, in 2022, Spain accounted for 40% of all hectares burned in the European Union. The financial sector is also feeling the effects, which we at the Banco de España are studying closely. More insights on

Next research seminar: Dario Caldara (FedResearch ) will present "Measuring Shortages Since 1900" on September 10th at 11:00 CET. He will present joint work with Matteo Iacoviello and David Yu. 👉 bde.es/wbe/en/areas-a… #bdeResearch

Next research seminar: Luigi Durand (Banco Central de Chile ) will present "Trade, Innovation, and Natural Capital: Growth Dynamics Near Ecological Thresholds" on September 15, 12:00 CET. ➡️ bde.es/wbe/en/areas-a… #bdeResearch

In Spain, the number of regulations has quadrupled since the transition to democracy. But more doesn’t always mean better, as we discuss in the #BdeBlog. A clear and consistent regulatory landscape can drive investment, innovation and entrepreneurship bde.es/wbe/en/noticia…

Next seminar: Matthias Doepke (Andrew Kim) will be presenting “Protection for Whom? The Political Economy of Protective Labor Laws for Women” joint work with Hanno Foerster, Anne Hannusch, and Michèle Tertilt on Sep 25, 12h CET. ➡️ bde.es/wbe/es/areas-a… #bdeResearch

Does it matter how the government finances its spending? We show that fiscal multipliers are larger when government spending is financed with short-term debt. The difference arises mainly from private consumption responses. bde.es/wbe/es/publica… #bdeResearch

Political polarization in Europe is rising, but its impact on legislative gridlock depends on each country’s institutions. New indices reveal key differences across France, Germany, Spain and Italy. #bdeResearch 👉 bde.es/wbe/es/publica…

This paper by nicoforteza and Sergio Puente develops a machine learning procedure, to retrieve a continuous probability distribution of individual labor market attachment, in contrast with the usual binary distinction. It improves the relation with flows into employment and

Do robots matter for inflation? This new paper shows that automation flattens the Phillips Curve by reducing workers’ effective bargaining power: wages respond less to unemployment when firms can switch to robots. Omar Rachedi bde.es/wbe/es/publica… #bdeResearch

Carbon taxes raise inflation and reduce output. Subsidies to green firms ease recessions, while transfers to constrained households lift consumption but do not speed the green transition. Global coordination adds modest effects. ➡️bde.es/wbe/es/publica… #bdeResearch

Next seminar: David Seim will be presenting “Private Health Insurance under Universal Coverage: Balancing Efficiency and Equity” on Oct 8th, 12h CET. bde.es/wbe/es/areas-a… #bdeResearch

Next seminar: Peter Levell (Institute for Fiscal Studies) joint work with Martin O'Connell and Kate Smith will be presenting "The welfare effects of price shocks and household relief packages: evidence from an energy crisis" on Oct 15, 12.00 CET. bde.es/wbe/en/areas-a…

Next seminar: Ignacio Arbués ( Ministerio de Economía) will be presenting “A Quasi-Structural Model for the Spanish Economy” on Oct 16th, 12h CET. bde.es/wbe/en/areas-a… #bdeResearch