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Galo Nuño

Banco de España

Alcala 50

Madrid 28014

Spain

Bank for International Settlements (BIS)

Centralbahnplatz 2

Basel, Basel-Stadt 4002

Switzerland

SCHOLARLY PAPERS

32

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Top 14,953

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7,997

TOTAL CITATIONS
Rank 4,189

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Top 4,189

in Total Papers Citations

257

Scholarly Papers (32)

CBDC and the Operational Framework of Monetary Policy

Banco de Espana Working Paper 2404
Number of pages: 75 Posted: 09 Feb 2024
Jorge Abad, Galo Nuño and Carlos Thomas
Bank of Spain, Banco de España and Banco de España
Downloads 812 (74,229)
Citation 1

Abstract:

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central bank digital currency (CBDC), interbank market, search and matching frictions, excess reserves

CBDC and the Operational Framework of Monetary Policy

CESifo Working Paper No. 10896
Number of pages: 78 Posted: 23 Jan 2024
Jorge Abad, Galo Nuño and Carlos Thomas
Bank of Spain, Banco de España and Banco de España
Downloads 166 (451,110)

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central bank digital currency, interbank market, search and matching frictions, excess reserves

2.
Downloads 843 (72,133)
Citation 2

Monetary Policy with Persistent Supply Shocks

Number of pages: 64 Posted: 05 Dec 2024
Banco de España, Lancaster University and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
Downloads 547 (124,075)

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Deep Learning, Markov switching model, cost-push shocks

Monetary Policy with Persistent Supply Shocks

CESifo Working Paper Series No. 11463
Number of pages: 67 Posted: 05 Dec 2024
Banco de España, Lancaster University and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
Downloads 178 (432,130)
Citation 2

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deep learning, Markov switching model, cost-push shocks

Monetary Policy with Supply Regimes

Banco de Espana Working Paper No. 2529
Number of pages: 62 Posted: 07 Oct 2025 Last Revised: 28 Oct 2025
Banco de España, Lancaster University and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
Downloads 118 (607,238)

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deep learning, Markov switching model, cost-push shocks

3.

Three Theories of Natural Rate Dynamics

CESifo Working Paper No. 11878
Number of pages: 45 Posted: 15 May 2025
Galo Nuño
Banco de España
Downloads 661 (98,747)
Citation 2

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HANK model, monetary-fiscal interactions, deep learning, cost-push shocks

Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy

Banco de Espana Working Paper No. 2145
Number of pages: 85 Posted: 20 Jan 2022
Banco de España, Banco de España, European Central Bank (ECB) and Banco de España
Downloads 227 (333,998)
Citation 8

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Monetary policy, firm heterogeneity, financial frictions, misallocation

Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy

CESifo Working Paper No. 9465
Number of pages: 97 Posted: 10 Dec 2021
Banco de España, Banco de España, European Central Bank (ECB) and International Monetary Fund (IMF)
Downloads 132 (552,324)

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monetary policy, firm heterogeneity, financial frictions, misallocation

The Term Structure of Interest Rates in a Heterogeneous Monetary Union

Banco de Espana Working Paper No. 2223
Number of pages: 60 Posted: 11 Jul 2022
Banco de España - Research Department, Banco de España and Banco de España
Downloads 308 (245,426)
Citation 8

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sovereign default, quantitative easing, yield curve, affine model, COVID-19 crisis, ECB, pandemic emergency purchase programme

The Term Structure of Interest Rates in a Heterogeneous Monetary Union

CESifo Working Paper No. 9844
Number of pages: 66 Posted: 25 Jul 2022
Banco de España - Research Department, Banco de España and Banco de España
Downloads 93 (732,131)
Citation 3

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sovereign default, quantitative easing, yield curve, affine model, Covid-19 crisis, ECB, pandemic emergency purchase programme

6.
Downloads 373 (198,305)
Citation 36

Bank Leverage Cycles

Banco de Espana Working Paper No. 1222
Number of pages: 45 Posted: 15 Jun 2012
Galo Nuño and Carlos Thomas
Banco de España and Banco de España
Downloads 228 (332,488)
Citation 13

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financial intermediaries, short-term collateralized debt, limited liability, call option, put option, moral hazard, leverage

Bank Leverage Cycles

ECB Working Paper No. 1524
Number of pages: 42 Posted: 09 Apr 2013
Galo Nuño and Carlos Thomas
Banco de España and Banco de España
Downloads 145 (509,137)
Citation 23

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Financial intermediaries, short-term collateralized debt, limited liability, call option, put option, moral hazard, leverage, cross-sectional volatility

7.

Monetary Policy Implications of Central Bank-Issued Digital Currency

Banco de Espana Article 15/18
Number of pages: 8 Posted: 14 Sep 2018
Galo Nuño
Banco de España
Downloads 366 (202,609)
Citation 1

Abstract:

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8.

Optimal Monetary Policy with Heterogeneous Agents (Updated September 2019)

Banco de Espana Working Paper No. 1624
Number of pages: 71 Posted: 20 Oct 2016 Last Revised: 30 Oct 2019
Galo Nuño and Carlos Thomas
Banco de España and Banco de España
Downloads 336 (222,746)
Citation 9

Abstract:

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optimal monetary policy, incomplete markets, Gâteaux derivative, nominal debt, inflation, redistributive effects, continuous time

9.

The Natural Interest Rate: Concept, Determinants and Implications for Monetary Policy

Banco de Espana Article 7/17
Number of pages: 10 Posted: 03 Mar 2017
idealista, Banco de España and Banco de España
Downloads 319 (235,935)
Citation 4

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10.
Downloads 294 (257,640)
Citation 21

Financial Frictions and the Wealth Distribution

Banco de Espana Working Paper No. 2013
Number of pages: 73 Posted: 02 Jun 2020
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 149 (497,016)
Citation 2

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heterogeneous agents, wealth distribution, financial frictions, continuoustime, machine learning, neural networks, structural estimation, likelihood function

Financial Frictions and the Wealth Distribution

PIER Working Paper No. 19-015, September 2019, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 64 Posted: 18 Sep 2019 Last Revised: 11 Sep 2020
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 100 (694,787)
Citation 1

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heterogeneous agents; aggregate shocks; continuous-time; machine learning; neural networks; structural estimation; likelihood functions

Financial Frictions and the Wealth Distribution

NBER Working Paper No. w26302
Number of pages: 70 Posted: 23 Sep 2019 Last Revised: 17 Jul 2023
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 44 (1,157,169)

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Financial Frictions and the Wealth Distribution

CEPR Discussion Paper No. DP14002
Number of pages: 72 Posted: 07 Oct 2019
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 1 (1,664,434)
Citation 18
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Aggregate shocks, continuous-time, Heterogeneous Agents, Machine Learning, structural estimation

Taming the Curse of Dimensionality: Quantitative Economics with Deep Learning

CESifo Working Paper Series No. 11448
Number of pages: 51 Posted: 03 Dec 2024
University of Pennsylvania - Department of Economics, Banco de España and University of British Columbia (UBC)
Downloads 123 (586,679)

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deep learning, quantitative economics

12.
Downloads 236 (319,183)
Citation 39

Learning from Experience in the Stock Market

FEDS Working Paper No. 2012-41
Number of pages: 36 Posted: 18 Dec 2012
Anton Nakov and Galo Nuño
European Central Bank (ECB)CEPR and Banco de España
Downloads 84 (785,882)
Citation 22

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learning from experience, OLG, asset pricing, bubbles, heterogeneous agents

Learning From Experience in the Stock Market

ECB Working Paper No. 1396
Number of pages: 41 Posted: 30 Nov 2011
Anton Nakov and Galo Nuño
European Central Bank (ECB)CEPR and Banco de España
Downloads 76 (840,816)

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learning from experience, OLG, assett pricing, bubbles, heterogeneous agents

Learning from Experience in the Stock Market

Banco de Espana Working Paper No. 1132
Number of pages: 41 Posted: 05 Dec 2011
Anton Nakov and Galo Nuño
European Central Bank (ECB)CEPR and Banco de España
Downloads 76 (840,816)
Citation 17

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learning from experience, OLG, asset pricing, bubbles, heterogeneous agents

A Framework for Debt-Maturity Management

Banco de Espana Working Paper No. 1919 (2019)
Number of pages: 93 Posted: 28 Jun 2019 Last Revised: 17 Jul 2019
Saki Bigio, Galo Nuño and Juan Passadore
University of California, Los Angeles (UCLA) - Department of Economics, Banco de España and International Monetary Fund (IMF)
Downloads 197 (384,249)

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debt maturity, debt management, liquidity costs

Debt-Maturity Management with Liquidity Costs

NBER Working Paper No. w25808
Number of pages: 47 Posted: 07 May 2019 Last Revised: 09 Jul 2023
Saki Bigio, Galo Nuño and Juan Passadore
University of California, Los Angeles (UCLA) - Department of Economics, Banco de España and International Monetary Fund (IMF)
Downloads 30 (1,356,108)

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14.
Downloads 132 (339,185)
Citation 8

Quantitative Effects of the Shale Oil Revolution

Banco de Espana Working Paper No. 1518
Number of pages: 36 Posted: 25 Jun 2015
Cristiana Manescu and Galo Nuño
European Commission and Banco de España
Downloads 132 (552,324)
Citation 8

Abstract:

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Saudi Arabia, general equilibrium, shale oil

15.

The ECB Monetary Policy Response to the Covid-19 Crisis (La respuesta de la política monetaria del Banco Central Europeo frente a la crisis del Covid-19)

Banco de Espana Ocassional Paper No. 2026
Number of pages: 28 Posted: 14 Oct 2020
Banco de España, Banco de España, Banco de España, Banco de España, Banco de España and Banco de España
Downloads 212 (359,492)
Citation 6

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European Central Bank, asset purchases, refinancing operations

16.

A Strategic View on the Economic and Inflation Environment in the Euro Area

ECB Occasional Paper No. 2025/371
Number of pages: 194 Posted: 01 Jul 2025
Christiane Nickel, Juha Kilponen, Enrique Moral-Benito, Gerrit Koester, Elena Bobeica, Claus Brand, Pablo Burriel, Marteen Dossche, Gabriele Galati, Michele Lenza, Matteo Ciccarelli, Almira Enders, Sarah Holton, Bettina Landau, Fabrizio Venditti, David Lodge, Beatrice Pierluigi, Eva Ortega, Harri Pönkä, Thomas Warmedinger, Branislav Albert, Ugo Albertazzi, Maria Grazia Attinasi, Marta Banbura, Niccolò Battistini, Andrejs Bessonovs, Dennis Bonam, Vladimir Borgy, Alexandre Carvalho, Cristina D. Checherita-Westphal, Agostino Consolo, Agostino Consolo, Giuseppe Corbisiero, Pietro Cova, Nathaniel Debono, Luca Dedola, Ettore Dorrucci, Michaela Elfsbacka Schmöller, Lorenz Emter, Juraj Falath, Friedrich Fritzer, Annette Fröhling, Pablo Garcia-Sanchez, Johannes Gareis, Alex Grimaud, Adam Gulan, Marco Hoeberichts, José Emilio Gumiel, Christian Höynck, John Hutchinson, Alexandros Karakitsios, Evangelia Kasimati, Daria Kazakova, Geoff Kenny, Friderike Kuik, Laura Lebastard, Paloma Lopez-Garcia, Marko Luketina, Reamonn Lydon, Ana-Simona Manu, Catalina Martínez Hernández, Giulia Martorana, Baptiste Meunier, Wolfgang Modery, Daphne Momferatou, Carlos Montes-Galdón, Chiara Osbat, Adrian Page, Gasper Ploj, Reet Reedik, Tomas Reichenbachas, Pedro Ribeiro, Juliette Sagot, Béla Szörfi, Máté Tóth, Maria Teresa Valderrama, Joris Wauters, Thomas Westermann, Ivan Žilić, Helene Zimmer, Roberta Zizza, Robert Zorko, Pablo Aguilar, Yildiz Akkaya, Elena Angelini, Katarzyna Bańkowska, Colm Bates, Jeanne Beck, Nicola Benatti, Lea Bitter, Vasco Botelho, Mohammed Chahad, Kai Philipp Christoffel, Bruno De Backer, Rodolfo Dinis Rigato, Elisabeth Falk, Claudia Foroni, Emanuele Franceschi, Jose Elias Gallegos, Dimitris Georgarakos, Gavin Goy, Johannes Groß, Elke Hahn, Jaime Martínez-Martín, Boryana Ilieva, Markus Jorra, Petteri Juvonen, Hanno Kase, Iván Kataryniuk, Georgi Kocharkov, Antoine Kornprobst, Neil Lawton, Noëmie Lisack, Demosthenes Ioannou, Falk Mazelis, Thomas McGregor, Aidan Meyler, Tobias Müller, Galo Nuño, Iván Ordoñez Martínez, Andrea Papetti, Joan Paredes, Miles Parker, Blanca Prat I, Romanos Priftis, Roehe Oke, Moreno Roma, Fabian Schupp, Antoine Sigwalt, Christian Speck, Elisabeth Wieland, Srecko Zimic, Mario D'Agostino, Filippo Durero, Claudia Esposito, Dario Esposito, Christian Huber, Ivelina Ilkova, Alicja Kobayashi, Elias Krief, Claudio Manzoni and Philip Muggenthaler-Gerathewohl
European Central Bank (ECB), Bank of Finland - Research, Banco de España, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Banco de España, European Central Bank (ECB) - Directorate General Economics, De Nederlandsche Bank, European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, European Central Bank (ECB), European Central Bank (ECB), Bank of Italy, European Central Bank (ECB), European Central Bank (ECB), Bank of Spain, DG Economics, Statistics and Research, Bank of Finland, European Central Bank (ECB), Národná banka Slovenska, ECB -DG Monetary Policy, European Central Bank (ECB), European Central Bank, European Central Bank (ECB), Latvijas Banka, De Nederlandsche Bank, Banque de France, Banque de France, European Central Bank (ECB), European Central BankECB, Central Bank of Ireland, Bank of Italy, Central Bank of Malta, Bank of Italy, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Národná banka Slovenska, Oesterreichische Nationalbank (OeNB), Deutsche Bundesbank, Banque Centrale du Luxembourg, Deutsche Bundesbank, Oesterreichische Nationalbank (OeNB), Bank of Finland - Research, De Nederlandsche Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank of Greece, Bank of Greece, Deutsche Bundesbank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) - Directorate General Economics, Hrvatska Narodna Banka, Central Bank of Ireland, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank, European Central Bank (ECB), European Central Bank (ECB), Bank of Slovenia, Bank of Estonia, Bank of Lithuania, Bank of Portugal, Banque de France, European Central Bank (ECB), European Central Bank (ECB), Austrian National Bank, National Bank of Belgium, European Central Bank (ECB), Hrvatska Narodna Banka, National Bank of Belgium, Bank of Italy, Banka Slovenije, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank, European Central Bank (ECB), European Central Bank (ECB), National Bank of Belgium, European Central Bank (ECB), Deutsche Bundesbank, European Central Bank (ECB), European Central Bank (ECB), Banco de España, European Central Bank (ECB) - Directorate General Research, De Nederlandsche Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, Bank of Finland, European Central Bank (ECB), Banco de España, Deutsche Bundesbank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Banco de España, European Central Bank (ECB), Bank of Italy, European Central Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, European Central Bank (ECB), Deutsche Bundesbank, Banque de France, Deutsche Bundesbank, European Central Bank (ECB), European Central Bank (ECB) - Directorate General Research, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 210 (364,680)

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Strike While the Iron is Hot: Optimal Monetary Policy with a Nonlinear Phillips Curve

Banco de Espana Working Paper No. 2510
Number of pages: 76 Posted: 02 Jun 2025
European Central Bank (ECB), European Central Bank (ECB)CEPR, Banco de España, Central Bank of Chile and European Central Bank (ECB)
Downloads 116 (625,060)

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state-dependent pricing, large shocks, nonlinear Phillips curve, optimal monetary policy

Strike While the Iron is Hot: Optimal Monetary Policy with a Nonlinear Phillips Curve

CESifo Working Paper No. 11372
Number of pages: 80 Posted: 30 Oct 2024
European Central Bank (ECB), European Central Bank (ECB)CEPR, Banco de España, Central Bank of Chile and European Central Bank (ECB)
Downloads 82 (798,777)

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state-dependent pricing, large shocks, nonlinear Phillips curve, optimal monetary policy

18.

Controlling a Distribution of Heterogeneous Agents

Banco de Espana Working Paper No. 1533
Number of pages: 44 Posted: 22 Nov 2015
Galo Nuño and Benjamin Moll
Banco de España and Princeton University - Department of Economics
Downloads 188 (403,391)
Citation 1

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Kolmogorov forward equation, wealth distribution, social welfare function, mean field control

19.

A General Equilibrium Model of the Oil Market

Banco de Espana Working Paper No. 1125
Number of pages: 36 Posted: 07 Oct 2011
Anton Nakov and Galo Nuño
European Central Bank (ECB)CEPR and Banco de España
Downloads 181 (420,133)
Citation 47

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oil price, oil production, dominant firm, Saudi Aramco, oil tax

20.

Optimal Monetary Policy with Heterogeneous Agents

CESifo Working Paper No. 8670
Number of pages: 70 Posted: 10 Nov 2020
Galo Nuño and Carlos Thomas
Banco de España and Banco de España
Downloads 180 (420,133)

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The Heterogeneous Impact of Inflation on Households Balance Sheets.

Banco de Espana Working Paper No. 2403
Number of pages: 36 Posted: 05 Feb 2024
Banco de España, BBVA Research, Banco de España, BBVA Research, BBVA Research and BBVA Research
Downloads 103 (679,343)

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Uneven inflation, net nominal positions, nominal wage rigidities

The Heterogeneous Impact of Inflation on Households Balance Sheets

CESifo Working Paper No. 10854
Number of pages: 35 Posted: 27 Dec 2023
Banco de España, BBVA Research, Banco de España, BBVA Research, BBVA Research and BBVA Research
Downloads 57 (1,006,630)
Citation 5

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inflation inequality, net nominal positions, nominal wage rigidities

22.

A Large Central Bank Balance Sheet? Floor vs Corridor Systems in a New Keynesian Environment

Banco de Espana Working Paper No. 1851
Number of pages: 75 Posted: 08 Jan 2019
Banco de España, Banco de España, European Central Bank (ECB) and Banco de España
Downloads 155 (480,208)
Citation 31

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central bank balance sheet, interbank market, search and matching frictions, reserves, zero lower bound

The heterogeneous impact of inflation on households’ balance sheets

Banco de Espana Working Paper No. 2403
Number of pages: 36 Posted: 16 Feb 2024
Banco de España, BBVA Research, Banco de España, BBVA Research, BBVA Research and BBVA Research
Downloads 83 (792,223)
Citation 1

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uneven inflation, net nominal positions, nominal wage rigidities

The Heterogeneous Impact of Inflation on Households’ Balance Sheets

BIS Working Papers No 1152
Number of pages: 36 Posted: 20 Dec 2023
Banco de España, Banco de España, BBVA Research, BBVA Research, BBVA Research and BBVA Research
Downloads 69 (895,539)

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inflation inequality, net nominal positions, nominal wage rigidities

24.

Optimal Control with Heterogeneous Agents in Continuous Time

ECB Working Paper No. 1608
Number of pages: 21 Posted: 09 Nov 2013
Galo Nuño
Banco de España
Downloads 138 (530,816)

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Kolmogorov forward equation, calculus of variations, dynamic programming, heterogeneous agents

25.
Downloads 137 (534,155)
Citation 8

Inequality and the Zero Lower Bound

CESifo Working Paper No. 10471
Number of pages: 35 Posted: 08 Jun 2023
University of Pennsylvania - Department of Economics, Banco de España, Banco de España and ESADE Business School
Downloads 57 (1,006,630)

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heterogeneous agents, HANK models, neural networks, non-linear dynamics

Inequality and the zero lower bound

Banco de Espana Working Paper No. 2407
Number of pages: 41 Posted: 28 Feb 2024
University of Pennsylvania - Department of Economics, Banco de España, Banco de España and ESADE Business School
Downloads 45 (1,144,483)
Citation 7

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heterogeneous agents, HANK models, neural networks, non-linear dynamics

Inequality and the Zero Lower Bound

NBER Working Paper No. w31282
Number of pages: 34 Posted: 29 May 2023 Last Revised: 24 Jun 2023
University of Pennsylvania - Department of Economics, Banco de España, Banco de España and ESADE Business School
Downloads 35 (1,281,607)
Citation 1

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26.

Money Dynamics with Multiple Banks of Issue: Evidence from Spain 1856-1874

Banco de Espana Working Paper No. 1119
Number of pages: 40 Posted: 01 Sep 2011
Banco de España, Banco de España - Department of International Economics & International Relations and University of Cagliari
Downloads 92 (730,864)

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unregulated banking, Gresham’s law, lender of last resort, Overend and Gurney crisis

Navigating by Falling Stars: Monetary Policy with Fiscally Driven Natural Rates

NBER Working Paper No. w32219
Number of pages: 49 Posted: 11 Mar 2024
Banco de España, University of Pennsylvania - Department of Economics, Banco de España and Bank of Spain
Downloads 42 (1,183,247)

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28.

The Eurosystem’s Monetary Policy Following the End of Net Asset Purchases

Banco de Espana Article 4/19
Number of pages: 11 Posted: 26 Feb 2019
Oscar Arce, Galo Nuño and Carlos Thomas
Banco de España, Banco de España and Banco de España
Downloads 90 (742,061)
Citation 2

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central bank balance sheet, unconventional monetary policy, reinvestments

29.

Long-Run Growth and Demographic Prospects in Advanced Economies

Banco de Espana Occasional Paper No. 1206
Number of pages: 27 Posted: 06 Jul 2012
Banco de España, affiliation not provided to SSRN and Banco de España
Downloads 79 (809,932)

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Advanced economies, demography, convergence, endogenous growth

30.

Does TFP Drive Housing Prices? A Growth Accounting Exercise for Four Countries

Banco de Espana Working Paper No. 1133
Number of pages: 15 Posted: 05 Dec 2011
Alessio Moro and Galo Nuño
University of Cagliari and Banco de España
Downloads 73 (852,604)
Citation 14

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housing prices, TFP, growth accounting, Cobb-Douglas

31.

A Twin Crisis With Multiple Banks of Issue: Spain in the 1860s

ECB Working Paper No. 1561
Number of pages: 40 Posted: 12 Aug 2013
University of Cagliari, Banco de España and Banco de España - Department of International Economics & International Relations
Downloads 62 (942,565)

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sudden stop, lender of last resort, financial crisis, Overend, Gurney and Co.

32.

The Heterogeneous Impact of Inflation on Households’ Balance Sheet

CEPR Discussion Papers DP18696
Posted: 04 Jan 2024
Banco de España, BBVA Research, Banco de España, BBVA Research, BBVA Research and BBVA Research

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inflation inequality, net nominal positions, nominal wage rigidities