Bank of Spain
China’s policies reduce risk of ‘Japanification’ – study
Bank of Spain research compares country’s economic challenges with its Pacific neighbour’s in 1990s
EU policy-makers lash out at Trump’s trade policy
Central banks say tariffs will create “many losers” in both Europe and the US
Bank of Spain denies it is withdrawing €50 bills
Central bank says UK tabloid stories are the result of fake news rather than fake notes
LatAm policy transmission matches historical norm – paper
Pass-through stronger in consumer and corporate lending, Bank of Spain study finds
Agent-based models come of age
Central banks are increasingly modelling the economy as a complex system
Medium is the message, say Bank of Spain researchers
Coverage of policy decisions has greater impact than central banks’ own comms, study finds
Europe’s central banks re-evaluate X after Bundesbank leaves
German central bank says standards of discussion on platform are “increasingly unacceptable”
Inheritance tax avoidance has fiscal impact – Bank of Spain study
Paper says loopholes led to effective reduction in tax rate of 1.3 percentage points in Catalonia
People: October to December 2024
A round-up of central bankers in the news and on the move
Minister nominated as Bank of Spain governor
Opposition says appointment of José Luis Escrivá would throw bank’s independence into question
Banknotes: July to September 2024
A round-up of news and salient issues that have affected central bankers in the past three months
‘State-dependent’ model sheds light on inflation surge
Bank of Spain’s Galo Nuño says changing key pricing assumption helps explain “immaculate disinflation”
Spanish political parties fail to agree on new governor
Opposition refuses to accept government’s nomination of former ECB official Escrivá
Bank of Spain imposes capital buffers on Portugal-exposed lenders
Move follows Bank of Portugal’s November decision over possible risks in housing market
BIS and central banks develop AI tool to mine climate data
Hallucinations “do not seem” to impact results of initiative with Bank of Spain, ECB and Bundesbank
New study finds uneven impact of changing energy costs
Energy prices more likely to affect product prices than wage increases
Local banks key to mitigating climate-related risks – BDE paper
Study finds “outsider” banks less responsive to needs of companies affected by wildfires
Monetary policy likely to be weak climate tool – Bank of Spain paper
Model finds central banks are likely to prioritise price stability over reducing carbon emissions
Fixed income in reserves
Central Banking speaks to four officials about their fixed income investments and how monetary policy and inflation interact with reserve management.
Higher bond yields makes an ECB pause more likely
Lower inflation and tighter financing conditions reinforce idea 4% rates could be enough
ECB nominates Bundesbank’s Buch as new head of supervision
Governing council votes for German official over Bank of Spain deputy governor