Working Paper
Working Papers latest publications
Filter all of our publications to find the ones you are most interested in by content language, date, geography and/or topic.
Sort our publications chronologically from newest to oldest, regardless of geography and/or topic matter.
Sort publications according to the number of time reads by our users, regardless of geography and/or topic matter.
April 4, 2025
Global | Unraveling the impact of a carbon price shock on macroeconomic variables
This study analyzes the macroeconomic effects of carbon price shocks (EU-ETS) via a SVAR with Narrative Sign Restrictions. Facilitating identification and isolating shocks from demand factors, results indicate a stronger economic impact than previous carbon policy studies, but milder than recent works focused on the EU-ETS.
- Types of files Downloads:
- Files
March 18, 2025
Spain | What can 240,000 new credit transactions tell us about the impact of NGEU funds?
Using a panel data local projections model and controlling for firm characteristics, procurement bid attributes, and macroeconomic conditions, the study estimates the dynamic effects of procurement awards on new lending, a more precise measure than the change in the stock of credit.
- Types of files Downloads:
- Files
March 6, 2025
Spain | The Short Lags of Monetary Policy
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.
- Types of files Downloads:
- Files
January 9, 2025
Spain | Long series of regional economic and demographic aggregates: 2023 Update
This Working Paper provides a brief description of the latest update of RegData, a database containing the main economic and demographic aggregates for Spanish regions over the last seven decades.
- Types of files Downloads:
- Files
November 12, 2024
Türkiye | The impact of climate change on tourism demand in Türkiye
Tourism activities are highly dependent on weather conditions, and hence, vulnerable to the impact of climate change. Our analysis of Turkish tourism demand within the context of climate conditions points to possible changes in seasonality and quantity of tourism flows across provinces, depending on their tourism type.
- Types of files Downloads:
- Files
October 25, 2024
Spain | The heterogeneous impact of inflation on households’ balance sheets
This study examines how inflation in 2021 affected wealth inequality in Spain through three channels: the traditional wealth channel, the income channel, and the relative consumption channel. The wealth and income channels had significantly larger effects than the consumption channel.
- Types of files Downloads:
- Files
September 20, 2024
Spain | The Impact of Climate Change on Tourism Demand in Spain
Climate is a relevant factor in the choice of a tourist destination. Changes in climate conditions could alter the seasonal and geographical pattern of tourism in Spain, with the impact depending on the adaptation policies implemented.
- Types of files Downloads:
- Files
September 11, 2024
Argentina | Forecasting short-term inflation with Random Forest Models
This paper examines the performance of Random Forest models in forecasting short-term monthly inflation in Argentina, based on a database of monthly indicators since 1962.
- Types of files Downloads:
- Files
August 6, 2024
Spain | The 2022 settlement under the common system of autonomous communities financing
This Working Paper analyzes the settlement payment for 2022 under the common system of autonomous communities financing, recently published by the Ministry of Finance.
- Types of files Downloads:
- Files
May 20, 2024
Spain | E-commerce: One "Click" does not fit all
Joint project with the IMF to analyze the evolution of e-commerce in Spain during and after Covid. The secular positive trend in e-commerce is well alive. The pandemic's boost was temporary with a moderating trend once the restrictions were lifted. Significant heterogeneity by individuals and categories of consumption
- Types of files Downloads:
- Files