Samuel Hurtado

Banco de España

Economist

Alcala 50

Madrid 28014

Spain

http://www.bde.es

SCHOLARLY PAPERS

29

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Top 34,155

in Total Papers Downloads

2,797

SSRN CITATIONS
Rank 4,057

SSRN RANKINGS

Top 4,057

in Total Papers Citations

224

CROSSREF CITATIONS

227

Scholarly Papers (29)

1.

Comparing Fiscal Multipliers Across Models and Countries in Europe

ECB Working Paper No. 1760
Number of pages: 48 Posted: 12 Mar 2015
Bank of Finland - Research, Bank of Italy, European Central Bank (ECB), Sveriges Riksbank - Monetary Policy, Czech National Bank, Goethe University Frankfurt, Banco de España, Bank of Portugal, Bank of Estonia, Banque de France, Central Bank of Ireland, Sveriges Riksbank, Bank of Portugal, Central Bank of Malta - Modelling and Research Office, Bank of Greece, Czech National Bank (CNB), Bank of Greece, Banco de España and National Bank of BelgiumFacultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences
Downloads 266 (214,299)
Citation 17

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fiscal policy, output multipliers, model comparison, zero lower bound

2.

Review of Macroeconomic Modelling in the Eurosystem: Current Practices and Scope for Improvement

ECB Occasional Paper No. 2021267
Number of pages: 193 Posted: 23 Sep 2021 Last Revised: 22 Mar 2023
European Central Bank (ECB), Bank of Italy, Bank of Finland - Research, Central Bank of Cyprus, European Central Bank (ECB) - Directorate General Research, Banque de France, National Bank of Belgium, Banque de France, European Central Bank (ECB), Central Bank of Ireland, De Nederlandsche Bank - Monetary and Economic Policy Department, European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB), European Central Bank, European Central Bank (ECB), European Central Bank, European Central BankECB, Bank of Italy, Bank of Italy, Bank of Finland, Bank of Slovenia, De Nederlandsche Bank - Research Department, National Bank of Belgium, European Central Bank (ECB), Banque de France, Bank of Finland, European Central Bank (ECB), Bank of Finland - Research, Deutsche Bundesbank, Deutsche Bundesbank - Economics Department, Banco de España, European Central Bank (ECB), Bank of Portugal and Université Paris I Panthéon-Sorbonne
Downloads 255 (223,477)
Citation 6

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central banking., econometric modelling, forecasting and simulation, monetary policy

3.
Downloads 211 (267,979)
Citation 18

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 113 (451,653)
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 71 (611,983)

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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 27 (916,060)

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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 0
Citation 15
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Aggregate shocks, continuous-time, Heterogeneous Agents, Machine Learning, structural estimation

4.

The Ecb's Price Stability Framework: Past Experience, and Current and Future Challenges

ECB Occasional Paper No. 2021269
Number of pages: 128 Posted: 23 Sep 2021 Last Revised: 18 Nov 2021
Bank of Italy, European Central Bank (ECB), European Central Bank (ECB), Banque de France - Centre de Recherche, Bank of Latvia, ECB -DG Monetary Policy, De Nederlandsche Bank, European Central Bank (ECB), Bank of Portugal, European Central Bank (ECB), European Central Bank (ECB), Bank of Italy, European Central Bank (ECB), Banque de France, Bank of Finland - Research, Central Bank of Cyprus, Deutsche BundesbankEuropean Central Bank (ECB)University of Kiel, European Central BankECB, European Central Bank (ECB), Central Bank of Ireland, Banco de España, Bank of Italy, Deutsche Bundesbank, European Central Bank (ECB), Banque de France, European Central Bank (ECB), European Central Bank (ECB), De Nederlandsche Bank, European Central Bank, University of St. Gallen, European Central Bank (ECB) - Directorate General Research, European Central Bank (ECB), Bank of Finland, Central Bank of Ireland, European Central Bank (ECB), Deutsche Bundesbank, European Central Bank (ECB), Národná banka Slovenska, European Central Bank (ECB), European Central Bank (ECB), Banque de France, Deutsche Bundesbank, Bank of Greece, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Frankfurt School of Finance & Management, European Central Bank, European Central Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, National Bank of Belgium, Bank of Italy and Bank of Italy
Downloads 163 (337,062)
Citation 1

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effective lower bound, euro area, European Central Bank, monetary policy strategy, price stability

5.

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 162 (338,865)
Citation 4

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European Central Bank, asset purchases, refinancing operations

6.

DSGE Models and the Lucas Critique

Banco de Espana Working Paper No. 1310
Number of pages: 21 Posted: 10 Aug 2013
Samuel Hurtado
Banco de España
Downloads 162 (338,865)
Citation 54

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Macroeconomics, DSGE, Lucas Critique

7.

The Impact of Oil Price Changes on Spanish and Euro Area Consumer Price Inflation

Banco de Espana Occasional Paper No. 0904
Number of pages: 35 Posted: 11 Oct 2009
Banco de España, Banco de España, affiliation not provided to SSRN and Banco de España
Downloads 151 (359,371)
Citation 40

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oil prices, consumer price infl ation, Spanish and Euro area inflation, DSGE models

8.

Assessing the Sensitivity of Inflation to Economic Activity

ECB Working Paper No. 1357
Number of pages: 46 Posted: 24 Jun 2011
Bank of Latvia, Bank of Italy, European Stability Mechanism, European Central Bank (ECB), Banco de España, European Central Bank (ECB), Bank of Spain, DG Economics, Statistics and Research and Magyar Nemzeti Bank
Downloads 117 (437,936)
Citation 2

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Demand shock, inflation response, macro model, output growth, Phillips curve

9.

Financial Frictions and the Wealth Distribution

CESifo Working Paper No. 8482
Number of pages: 71 Posted: 18 Aug 2020
affiliation not provided to SSRN, Banco de España and affiliation not provided to SSRN
Downloads 114 (446,450)
Citation 3

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heterogeneous agents, wealth distribution, financial frictions, continuous-time, machine learning, neural networks, structural estimation, likelihood function

10.

Quest for Robust Optimal Macroprudential Policy

Banco de Espana Working Paper No. 1916 (2019)
Number of pages: 50 Posted: 01 Jul 2019 Last Revised: 17 Jul 2019
Pablo Aguilar, Samuel Hurtado, Stephan Fahr and Eddie Gerba
Banco de España, Banco de España, European Central Bank and Banco de España
Downloads 107 (467,679)
Citation 55

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optimal policy, global welfare analysis, financial stability, financial DSGE model, macroprudential policy

11.

Challenges for Monetary and Fiscal Policy Interactions in the Post-Pandemic Era

ECB Occasional Paper No. 2024/337
Number of pages: 114 Posted: 05 Feb 2024
De Nederlandsche Bank, European Central Bank (ECB), Bank of Portugal, Banque de France, European Central Bank (ECB), Bank of Latvia, Bank of Portugal, European Central Bank (ECB), Banco de España, Bank of Finland, European Central Bank (ECB), Banco de España, Kiel Institute for the World Economy, Banque de France, De Nederlandsche Bank, Bank of Finland, Deutsche Bundesbank - Research Centre, Croatian National Bank, Bank of Italy, Bank of Greece, Central Bank of Ireland, Česká národní banka, Central Bank of Ireland, Bank of Greece, National Bank of Slovakia, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) - Directorate General Economics, European Central Bank (ECB), European Central Bank (ECB), Warsaw School of Economics (SGH), Banco de España, Warsaw School of Economics (SGH), Banco de España, Sapienza University of Rome and Geneva Graduate Institute
Downloads 105 (480,595)

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fiscal policy, monetary policy, public investment

12.

Public Finances and Inflation: The Case of Spain

Banco de Espana Occasional Paper No. 1606
Number of pages: 28 Posted: 01 Oct 2016
Banco de España, Banco de España, Banco de España and Banco de España - Research Department
Downloads 100 (490,268)

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inflation, public finances, public debt, fiscal consolidation

13.

New Version of the Quarterly Model of Banco de España (MTBE)

Banco de Espana Occasional Paper No. 1709
Number of pages: 31 Posted: 08 Feb 2018
Banco de España, Banco de España, Banco de España and Bank of Spain, DG Economics, Statistics and Research
Downloads 96 (503,656)
Citation 26

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Spanish Economy, Macroeconometric Model

14.
Downloads 81 (559,697)
Citation 10

Policy Spillovers and Synergies in a Monetary Union

ECB Working Paper No. 1942
Number of pages: 65 Posted: 28 Aug 2016
Oscar Arce, Samuel Hurtado and Carlos Thomas
Banco de España, Banco de España and Banco de España
Downloads 66 (637,138)
Citation 4

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monetary union, deleveraging, zero lower bound, structural reforms, synergies

Policy Spillovers and Synergies in a Monetary Union

Banco de Espana Working Paper No. 1540
Number of pages: 68 Posted: 25 Aug 2023
Oscar Arce, Carlos Thomas and Samuel Hurtado
Banco de España, Banco de España and Banco de España
Downloads 15 (1,042,962)
Citation 1

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monetary union, deleveraging, zero lower bound, structural reforms, fiscal expansion, forward guidance, synergies

15.

Los mecanismos extraordinarios de pago a proveedores de las Administraciones Públicas en España (The Extraordinary Mechanisms for General Government Payments to Suppliers in Spain)

Banco de Espana Occasional Paper No. 1501
Number of pages: 33 Posted: 20 Feb 2015
Banco de EspañaBanco de España, Banco de España, Banco de España and Banco de España - Research Department
Downloads 79 (567,919)
Citation 4

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trade debt, payment to government suppliers, regional and local public finances, public spending

16.

Update of the Quarterly Model of the Bank of Spain

Banco de España Research Paper No. WP-0717
Number of pages: 47 Posted: 28 Jun 2007 Last Revised: 14 Dec 2007
Bank of Spain, DG Economics, Statistics and Research, Banco de España, Banco de España, affiliation not provided to SSRN and Banco de España
Downloads 75 (585,153)
Citation 6

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Spanish economy, macroeconometric model

17.
Downloads 74 (589,532)

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inflation, wages, inflation expectations, labour market

18.

Spain in the Euro: A General Equilibrium Analysis

Banco de Espana Working Paper No. 0927
Number of pages: 47 Posted: 20 Jan 2010
Javier Andrés, Samuel Hurtado, Eva Ortega and Carlos Thomas
University of Valencia - Department of Economics, Banco de España, Bank of Spain, DG Economics, Statistics and Research and Banco de España
Downloads 72 (598,440)
Citation 51

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DSGE model, monetary union, growth and inflation differentials, Bayesian inference

19.

Weather, Mobility and the Evolution of the COVID-19 Pandemic

Banco de Espana Working Paper No. 2109
Number of pages: 32 Posted: 11 Mar 2021
Banco de España, Banco de España, Banco de España and Banco de España
Downloads 57 (674,043)
Citation 13

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pandemic, Covid-19, coronavirus, temperature, weather, mobility, panel data

20.

Carbon Tax Sectoral (CATS) Model: A Sectoral Model for Energy Transition Stress Test Scenarios

Banco de Espana Occasional Paper 2218
Number of pages: 53 Posted: 19 Sep 2022
Pablo Aguilar, Beatriz González and Samuel Hurtado
Banco de España, Banco de España and Banco de España
Downloads 55 (685,299)

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climate change, stress test, input-output matrix

21.

Update and Re-Estimation of the Quarterly Model of Banco De España (MTBE)

Banco de Espana Occasional Paper No. 1403
Number of pages: 29 Posted: 26 Aug 2014
Banco de España, Banco de España, Bank of Spain, DG Economics, Statistics and Research and Banco de España
Downloads 53 (696,934)
Citation 50

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Spanish economy, macroeconometric model

22.

New Update of the Quarterly Model of the Bank of Spain

Banco de Espana Occasional Paper No. 1106
Number of pages: 40 Posted: 26 Aug 2011
Banco de España, Bank of Spain, DG Economics, Statistics and Research, Banco de España and affiliation not provided to SSRN
Downloads 50 (715,459)

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Spanish economy, macroeconometric model

Deciphering the Macroeconomic Effects of Internal Devaluations in a Monetary Union

Banco de Espana Working Paper No. 2016
Number of pages: 43 Posted: 08 Jun 2020
University of Valencia - Department of Economics, Banco de España, University of Pennsylvania - Department of Economics and Banco de España
Downloads 31 (878,690)
Citation 5

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monetary union, internal devaluation, structural reforms, zero lower bound, policy sequencing

Deciphering the Macroeconomic Effects of Internal Devaluations in a Monetary Union

NBER Working Paper No. w27347
Number of pages: 38 Posted: 15 Jun 2020 Last Revised: 23 Mar 2023
University of Valencia - Department of Economics, Banco de España, University of Pennsylvania - Department of Economics and Banco de España
Downloads 10 (1,097,390)
Citation 1

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Deciphering the Macroeconomic Effects of Internal Devaluations in a Monetary Union

CEPR Discussion Paper No. DP14829
Number of pages: 40 Posted: 03 Jun 2020
University of Valencia - Department of Economics, Banco de España, University of Pennsylvania - Department of Economics and Banco de España
Downloads 0
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internal devaluation, monetary union, policy sequencing, Structural reforms, zero lower bound

24.

The Relationship between Pandemic Containment Measures, Mobility and Economic Activity (Relación entre las medidas de contención de la pandemia, la movilidad y la actividad económica)

Banco de Espana Occasional Paper No. 2109
Number of pages: 24 Posted: 06 Apr 2021 Last Revised: 05 Aug 2021
Banco de España, Banco de España, Banco de España and Banco de España
Downloads 38 (797,881)

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nowcasting, GDP, economic activity, textual analysis, sentiment indicators, soft indicators, pandemic, COVID-19, coronavirus, mobility, restrictions, panel data

25.

Systemic Analysis Framework for the Impact of Economic and Financial Risks (Marco De Análisis Sistémico Del Impacto De Los Riesgos Económicos Y Financieros)

Banco de Espana Occasional Paper No. 2311
Number of pages: 43 Posted: 22 May 2023 Last Revised: 07 Sep 2023
Banco de España, Banco de España, Bank of Spain, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España and Banco de España
Downloads 36 (813,202)

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financial markets, financial stability, macroeconomic forecasting models, macro-financial models, macro-financial risk, stress testing

26.

The Narrative About the Economy as a Shadow Forecast: An Analysis Using Banco De España Quarterly Reports

Banco de Espana Working Paper No. 2042
Number of pages: 24 Posted: 29 Dec 2020
affiliation not provided to SSRN, Banco de España, Banco de España, Banco de España - Research Department and Banco de España
Downloads 32 (845,540)
Citation 1

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textual analysis, sentiment analysis, GDP growth rate, forecasting, central bank reports

27.

2023/Q1 Article 02. The spread of inflation from energy to other components

Banco de Espana Article Article 02. ECONOMIC BULLETIN 2023/Q1
Number of pages: 11 Posted: 18 Jan 2023
Banco de España, Banco de España, Banco de España and Banco de España
Downloads 16 (997,777)

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Inflation, energy, vector autoregression

28.

Economic effects of a possible prolonged deterioration in the general health of the Spanish population

Banco de Espana Article 20 ECONOMIC BULLETIN 2023/Q1
Number of pages: 9 Posted: 05 Apr 2023
Samuel Hurtado and Mario Izquierdo
Banco de España and Banco de España
Downloads 15 (1,008,342)

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Healthcare demand, COVID-19, public expenditure, potential output, employment, capital, productivity.

29.

The medium-term effects of investment stimulus

Banco de Espana Working Paper No. 2402
Number of pages: 47 Posted: 19 Jan 2024
Banco de España, Banco de España and Banco de España
Downloads 14 (1,018,743)
Citation 11

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productivity, public investment, endogenous growth, Next Generation EU