Macroeconomía
Destacados
Artículo
Monetary policy changes: Scale and implications
Fecha:
julio 2024
The ECB’s recent rate cut contrasts with the Fed’s recent decision to leave its target rate range unchanged, reflecting the divergent attitudes of the main central banks to inflation, with potential implications for the global economy. Going forward, clear central bank communication remains key to mitigating market volatility and strengthening economic stability in an increasingly complex environment.
Artículo
Cambios en la política monetaria: recorrido e implicaciones
Fecha:
julio 2024
Este artículo examina las
decisiones recientes del BCE y la Fed en sus políticas monetarias.
Nota técnica
Relative cost to price passthrough with firm level data
Fecha:
junio 2024
This paper presents estimates of the average elasticity of price increases to cost increases (relative passthrough) with survey-collected data from a sample of Spanish firms during the inflationary episode of 2022-2023.
Artículo
Deposits and the transmission of monetary policy
Fecha:
junio 2024
Bank deposits have been shown to play a role in shaping monetary policy and access to credit. Crucially, firms entering the tightening cycle relying on credit from lenders with higher duration gaps could be significantly less likely to obtain funding as tightening starts, with this likelihood becoming increasingly lower for banks experiencing deposit outflows.