Seguimiento de la <h>crisis</h> del <h>COVID-19</h> con datos de transacciÃ³n de alta resoluciÃ³n - [<h>Tracking the COVID-19 Crisis with High</h>-<h>Resolution Transaction Data</h>]

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Seguimiento de la crisis del COVID-19 con datos de transacciÃ³n de alta resoluciÃ³n - [Tracking the COVID-19 Crisis with High-Resolution Transaction Data]

Carvalho, Vasco M; Juan RamÃ³n GarcÃa; Hansen, Stephen; Ortiz, Alvaro; Tomasa Rodrigo; JosÃ© V RodrÃguez Mora; Ruiz, Pep

IDEAS Working Paper Series from RePEc, 01/2020

Paper

Explotamos datos de transacciones de alta frecuencia / alta resoluciÃ³n de BBVA para analizar la dinÃ¡mica del gasto en EspaÃ±a durante la actual pandemia de COVID-19. Encontramos poco cambio en el gasto antes del confinamiento, pero inmediatamente despuÃ©s observamos caÃdas del gasto muy elevadas y sostenidas. We exploit high-frequency/high-resolution transaction data from BBVA to analyse the dynamics of expenditure in Spain during the ongoing COVID-19 pandemic. We find little shift in expenditure prior to the national lockdown, but then immediate, very large, and sustained expenditure reductions thereafter.

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