Member of the Executive Board of the European Central Bank

Education

Professional career

Other posts

Advisory and research activities for the following institutions: World Bank, Washington DC, 1984, 1989, 2000-2002; International Development Bank, Argentina, 1998; European Commission, 1989, 1993; several Spanish government agencies, 1985-2004; European Academy of Sciences and Arts, from 2000; Observatoire de l’Epargne Européenne, Paris, 2001; Centro de Estudios de Economía Pública, Fundación BBVA, 1991-1994; Fundación FIES-CECA, 1987-1989; Instituto de Estudios Fiscales, 1980-2004.

Teaching activities including: Director, Masters course in Public Finance and Economic Analysis (Graduate Studies, Instituto de Estudios Fiscales, 2002-2004); Professor of Economics (Centro de Estudios Monetarios y Financieros, CEMFI, Grad. Studies, 1988-2004); Professor of Taxation (Instituto de Estudios Fiscales, 1989-1996); Professor of Economics (Fundación Ortega y Gasset, PhD in European Economy, 1995-2003); Professor of Public Management and Economic Analysis (Fundación de Estudios Iberoamericanos, 1998-2003); Professor, The World Bank Institute, 2001-2002.

Editorial activities including: Editor-in-Chief, Hacienda Pública Española/Revista de Economía Pública (Econlit, 2001-2004); Associate Editor, Spanish Economic Review, Springer-Verlag (Econlit, 1997-2000); Associate Editor, Estudios sobre Economía Española (electronic publication: www.fedea.es; from 1999); Member of the Editorial Board: Papeles de Economía Española (Econlit, 1987-1994); Hacienda Pública Española (from 1990); Presupuesto y Gasto Público (from 1997); Investigaciones Económicas (Econlit, 1990-1994); Economistas (1996-2004); Revista de Economía Aplicada (Econlit, 1996-2002).

Distinctions and awards

Member, European Academy of Sciences and Arts (from 2000).

Member, Official Commissions on the Reform of Regional Finances (Ministry of Economics and Finance, June 1996-September 1996 and September 2000-March 2001).

Member, Executive Board of the Fundación CEMFI (Centro de Estudios Monetarios y Financieros) (from 1996).

Vice-President and Founding Member of the Asociación Española de Economía Pública, 1994; Member, International Institute of Public Finance (from 1986); Member, European Economic Association (from 1987); Founding Member, Spanish Section of the Public Choice Society (November 1980).

Scholarships and honours: Fulbright Scholar (Columbia University, New York, 1982-1985); Honorary Fellow, GSAS, Columbia University, September 1982-May 1984; President's Fellow, GSAS, Columbia University, September 1984-May 1985; Beca para la Realización de Tesis Doctorales [grant for thesis work], Banco de España, May 1984-May 1985; Premio Extraordinario de Licenciatura [graduate prize] in Economics, Universidad Complutense, 1981; Premio Extraordinario de Doctorado [PhD prize] in Economics, Universidad Complutense, 1986).

Distinguished Economist Award, 2001; Award for the Promotion of Economic and Financial Culture sponsored by the magazine Inversión.

VIII Premio del Círculo de Empresarios [business award], 2002.

Publications

Numerous articles and books including:

Monetary and financial policy

• The role of the State and economic consequences of alternative forms of public expenditures financing (with B. Moreno-Dodson), The World Bank Institute, World Bank (2003).
• "A cost-benefit analysis of going from low inflation to price stability in Spain" (with J. J. Dolado and J. Viñals), in M. Feldstein (editor): The costs and benefits of price stability, National Bureau of Economic Research-University of Chicago Press, Chicago, Illinois, pp. 95-132 (1999).
• "Issues on fiscal policy in Spain", in H. Bockelmann et als. (editors): Current Issues in Fiscal Policy and their Implications for the Conduct of Monetary Policy, Bank for International Settlements, Basel, pp. 189-220 (1992).
• "Spain and the 'EEC cum 1992' shock" (with J. Viñals et al.), in C. Bliss and J. Braga de Macedo (editors): Unity with Diversity in the European Economy. The Community's Southern Frontier, Cambridge University Press-CEPR, Cambridge, pp. 145-234 (1990).
• Argentina: Tax Policy for Stabilization and Economic Recovery, with L. Barbone and R. Bird (editors), World Bank (1990).
• "Política fiscal, demanda de dinero y expectativas racionales" [Fiscal policy, money demand and rational expectations], Hacienda Pública Española, 85, pp. 393-401 (1983).
• Sistema financiero español [The Spanish financial system] (with A. L. López Roa et al.), Nueva Generación de Editores, Alicante (1982).
• "El coste del crédito y la financiación privilegiada" [Privileged financing and the cost of credit], Boletín de Estudios Económicos, Universidad Comercial de Deusto, XXXVI/112, pp. 81-94 (1981).
• "La Política Monetaria en España" [Monetary policy in Spain], Boletín de Estudios Económicos, Universidad Comercial de Deusto, XXXV/111, pp. 403-429 (1980).

Fiscal and structural policies

• "Fiscal Consolidation in Spain: Dynamic Interdependence of Public Spending and Revenues" (with F. de Castro and P. Hernández de Cos), Investigaciones Económicas, XXVIII (1), pp. 293-307 (2004).
• "De Maastricht a la Unión Europea ampliada: la estabilidad presupuestaria en una perspectiva española" [From Maastricht to the enlarged EU: budget stability in a Spanish perspective], in E. Fuentes Quintana (editor): Economía y economistas españoles, vol. 8, Galaxia Gutenberg-Círculo de Lectores (2004).
• Costes y beneficios de la disciplina fiscal: la ley de estabilidad presupuestaria en perspectiva [Costs and benefits of fiscal discipline: the budget stability law in perspective], Instituto de Estudios Fiscales, Madrid (2001).
• "Taxation of savings products in Europe" (with N. Badenes and Yannick L'Horty), Observatoire de l'Epargne Européenne, Paris, June 2001.
• "El sector público y la competitividad en la Unión Económica y Monetaria" [The public sector and competitiveness in Economic and Monetary Union], in E. Albi (lead author): Europa y la competitividad de la economía española, Ariel-Price Waterhouse, Barcelona, pp. 37-54 (1992).
• "El papel del sector público español en el proceso de integración económica en Europa" [The role of the Spanish public sector in the process of European economic integration], in J. Viñals (lead author): La economía española en el mercado único europeo, Alianza, Madrid, Chapter 6, pp. 379-428 (1992).
• "�Son equivalentes deuda pública e impuestos? Teoría y evidencia" [Are debt and taxes equivalent? Theory and evidence] (with J. L. Raymond Bara), Papeles de Economía Española, 33, pp. 365-392 (1987).
• "Effective taxation of savings income in Spain", Banco de España, Economic Bulletin, January, pp. 137-146 (1992).
• "Fiscal policy in Spain, 1980-1992: Main developments and current issues" (with A. Utrilla and A. Valiño), European Economy (Reports and Studies), 3, 1994, pp. 135-184 (1994).
• "'Tax and spend' or 'spend and tax'? Causality between revenues and expenditures and the size of the public budget in Spain, 1955-1991", European Economy (Reports and Studies), 3, 1994, pp. 166-170 (1994).

Miscellaneous

• Economía Pública [Public Economics] (with E. Albi and I. Zubiri), 2 vols., Ariel, Barcelona, new edition (2004).
• "Public ownership and business performance. Empirical evidence with panel data from the Spanish manufacturing sector" (with P. Hernández de Cos and I. Argimón), Public Finance Review, vol. 32, No 2, pp. 148-182 (2004).
• "Public investment and convergence in the Spanish regions: New evidence on the effects of public investment" (with D. Martínez López), The Review of Regional Studies, vol. 33, No 2, 184-205 (2003).
• "Social security in Europe: the case of Spain", in E. Baldacci and F. Peracchi (editors): Reforming the social security system: an international perspective, ISTAT (National Institute of Statistics-Italy), Rome, pp. 159-176 (2000).
• Gestión Pública [Public Management] (with E. Albi and G. López Casasnovas), Ariel, Barcelona (1997).
• "Evidence of public spending crowding-out from a panel of OECD countries", Applied Economics, 29, pp. 1001-1010 (1997).
• "Tax shifting through mobility in the theory of tax incidence", Public Finance/Finances Publiques, vol. 48(3), pp. 111-123 (1993).
• "Optimal intervention in the presence of categorical equity objectives" (with De-Piao Tang), Public Finance/Finances Publiques, 43(1), pp. 79-95 (1988).
• "Optimal allocation of categorical equity" (with De-Piao Tang), Academia Economic Papers, 15, pp. 101-118 (1987).