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Tracking the COVID-19 Crisis with High-Resolution Transaction Data

Author

Listed:
  • Vasco M. Carvalho
  • Juan Ramón García
  • Stephen Hansen
  • Alvaro Ortiz
  • Tomasa Rodrigo
  • José V. Rodríguez Mora
  • Pep Ruiz

Abstract

Explotamos datos de transacciones de alta frecuencia / alta resolución de BBVA para analizar la dinámica del gasto en España durante la actual pandemia de COVID-19. Encontramos poco cambio en el gasto antes del confinamiento, pero inmediatamente después observamos caídas 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.

Suggested Citation

  • Vasco M. Carvalho & Juan Ramón García & Stephen Hansen & Alvaro Ortiz & Tomasa Rodrigo & José V. Rodríguez Mora & Pep Ruiz, 2020. "Tracking the COVID-19 Crisis with High-Resolution Transaction Data," Working Papers 20/06, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:2006
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