José V. Rodríguez Mora
Presentation released by BBVA Research at Big Things Data & AI Conference. Observing the evolution of the economy in real time and high definition can be essential when evaluating the economic impact of an event with few precedents in the world economy like the current Covid19 crisis.
Presentation released by BBVA Research at Banca d’Italia and Federal Reserve Board Joint Conference, Nontraditional Data & Statistical Learning with Applications to Macroeconomics.
We exploit high-frequency/high-resolution transaction data from BBVA to analyse the dynamics of expenditure in Spain during the ongoing COVID-19 pandemic. We find little shift in expenditure prior to the national lockdown, but then immediate, very large, and sustained expenditure reductions thereafter.