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    Máximo Camacho
    Máximo Camacho
    Murcia University - External partner

    Máximo Camacho is an Associate Professor in the Department of Quantitative Economics at Universidad de Murcia. Since 2008, he is editor of Revista de Economia Aplicada. Since 2014, he is member of the Dating Committee of the Spanish business cycle. Since 2009, he works as a consultant for BBVA Research Department.


    He has received a MSc in Economic Analysis and a PhD in Economics from Universitat Autonoma de Barcelona in 1999 and 2001, respectively. He worked as visiting fellow at Banco de España in 2007. His research interests span time series, nonlinear dynamics, constructing and evaluating economic indicators and economic forecasting. In these fields, he published numerous papers in top academic journal.

    Latest publications

    July 15, 2021

    Colombia | Monthly update BBVA GDP Tracker. July 15, 2021
    The BBVA GDP tracker allows us to measure the performance of economic activity in real time, including big data variables from transactions in BBVA Colombia. With the most recent data, we estimate that growth in the second quarter of 2021 will be between 12.4% and 14.3%.

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    June 17, 2021

    Colombia | BBVA GDP Tracker: a new model for real time GDP forecast
    A model, based on Camacho and Domenech (2012) and Aruoba and Diebold (2010), which are extensions of Stock and Watson (1991), was built to forecast Colombia's GDP in real time. Going forward, BBVA Research will continue to publish updates of the monthly results of this work.

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    February 28, 2018

    Consumer confidence’s boom and bust in Latin America
    We characterize consumer confidence cycle across LatAm using Markov-switching models. Our findings show that a core group of countries shares a statistical common ground for both confidence’s boom and bust cycle synchronisation. Notably, Argentina and Chile tend to lead consumer mood shifts, playing a leading role in propagating consumer confidence shocks throughout LatAm.

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