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dc.contributor.authorGonzález Mínguez, José Manuel
dc.contributor.authorUrtasun Amann, Alberto
dc.contributor.authorPérez García de Mirasierra, Miguel
dc.coverage.spatialEspaña
dc.date.accessioned2020-07-21T13:13:15Z
dc.date.available2020-07-21T13:13:15Z
dc.date.issued2020-07-21
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/13242
dc.descriptionArtículo de revista
dc.description.abstractIn recent years, information on the usage of cards as a means of payment has been increasingly used as an indicator of private consumption. The advantages of such information include its daily frequency and the short time lag from the moment of spending until it becomes available. This article uses this indicator to analyse Spanish household consumption since the state of alert was declared in mid-March and to explore the corresponding determinants. Indeed, the drop in consumption during the COVID-19 health crisis has been far greater than that suggested by the usual determinants, indicating that other factors could largely explain the developments observed. Included here are the greater uncertainty as to the course of the disease and its economic repercussions, and the restrictions on people’s movement and on various economic activities during the state of alert. Card payment data can be used to investigate the importance of social distancing measures when explaining the developments observed in consumption since midMarch. The article identifies that the indicators of payment card usage show a high correlation with the course of the restrictions on movement and activity. The information available also shows how in-person purchases were replaced by online shopping during lockdown.
dc.format.extent12 p.
dc.language.isoeng
dc.publisherBanco de España
dc.relation.ispartofEconomic bulletin / Banco de España. Analytical articles
dc.relation.ispartofEconomic bulletin / Banco de España [Artículos], n. 3, 2020
dc.relation.hasversionVersión en español 123456789/13241
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectPrivate consumption
dc.subjectCOVID-19
dc.subjectCard payments
dc.subjectRestrictions on movement
dc.subjectRestrictions on activity
dc.subjectLockdown
dc.subjectSocial distancing
dc.subjectUncertainty
dc.titleConsumption in Spain during the state of alert: an analysis based on payment card spending
dc.typeArtículo
dc.identifier.bdebib000469183
dc.identifier.bdepubECBU-2020-3B-art22
dc.publisher.placeMadrid
dc.subject.bdeEstudios empíricos sobre el consumo
dc.subject.bdeConsumo y ahorro
dc.subject.bdeTarjetas de crédito y otros sistemas electrónicos
dc.publisher.bdeMadrid : Banco de España, 2020
dc.subject.jelD10
dc.subject.jelD12
dc.subject.jelD31
dc.subject.jelE21
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