In this paper we use the Continuous Sample of Working Histories 2005 (MCVL2005) to analyze the earnings assimilation of migrants from outside the EU-15 in Spain. Using our panel dataset we show that immigrants reduce around the half of the initial wage gap respect to natives the first 5 to 6...

In this paper we analyse the role that Social Security wealth and incentives play in the transition to retirement in Spain. We use the labour records and other relevant information contained in a newly released database [Muestra Continua de Vidas Laborales (2006)] to construct incentive measures...

Artículo de revista ; La pandemia de COVID-19 ha tenido un fuerte impacto en la evolución reciente del mercado inmobiliario comercial de España. En particular, la crisis ha provocado una importante caída de la inversión no residencial y ha desencadenado una corrección de los precios de...

This article presents a detailed analysis of the loan moratoria. The first part of the article describes the characteristics of the five types of moratoria and how the numbers of applications made and moratoria granted have evolved to date. It then outlines the status of the existing moratoria...

En este estudio identificamos diferencias en las condiciones de las hipotecas asociadas al arraigo de los prestatarios tras separar este efecto de otros factores que explican dichas condiciones. Para esto usamos datos de préstamos hipotecarios en España de la Central de Información de...

Artículo de revista ; The COVID-19 pandemic has had a major impact on the recent performance of the Spanish commercial real estate market. In particular, the crisis has led to a sharp decrease in non-residential investment and has triggered a correction in sale prices, transaction numbers and...

Summary of Banco de España Working Paper no. 2203

This paper analyses the ability of banks to use voluntary and regulatory capital buffers, taking advantage of the experience of the COVID-19 pandemic. In the first place, we find that the usability of macroprudential buffers is not hampered in Spain by other parallel banks’ requirements....

Este trabajo analiza la capacidad de uso de los colchones de capital voluntarios y regulatorios por parte de las entidades bancarias, aprovechando la experiencia de la pandemia de COVID-19. En primer lugar, se encuentra que la usabilidad de los colchones macroprudenciales está muy poco limitada...