| Economist
Federal Reserve Bank of Dallas
Enrique Martinez-Garcia, a native of Novelda, Spain, is an economist at the Federal Reserve Bank of Dallas. His main research interests lie in the fields of international macroeconomics and finance, monetary economics and applied econometrics. He has worked on a variety of topics, such as asset pricing, housing prices, portfolio allocation and exchange rate determination.
Martinez-Garcia’s work has focused on the development of open economy macroeconomic models to expand understanding of:
- the role of openness and nominal rigidities (as well as other frictions) on inflation dynamics,
- the behavior of financial and currency markets (with frictions) in hedging risks across countries and on exchange-rate puzzles, and
- the conduct of optimal monetary policy in the context of an open economy.
Prior to joining the Dallas Fed in July 2007, Martinez-Garcia worked as a teaching and research assistant at the University of Wisconsin–Madison and at the university’s Center for World Affairs and the Global Economy (WAGE). He also spent time at the Bank of England.
Martinez-Garcia holds a Ph.D. in economics from the University of Wisconsin–Madison, an M.A. in economics from the University of Pennsylvania and a B.A. in economics from the University of Alicante in Spain.
New Working Papers
Open-Economy Macroeconomics
- "Globalization and Monetary Policy: An Introduction,"
 GMPI Working Paper no. 11, April 2008
- "The Real Exchange Rate in Sticky Price Models: Does Investment Matter?" (with Jens Sondergaard), February 2008
- "A Monetary Model of the Exchange Rate with Informational Frictions," GMPI Working Paper no. 2, October 2007
- "Monetary Policy in a Small Open Economy: The Cases of Spain and the U.K.," August 2005
International Finance
- "Partial Observation of Returns, Portfolio Choices and the Home Bias Puzzle," March 2005
Asset Pricing
- "Housing Prices, Property Taxes and Neighborhood Relocation" (with Ethan Cohen-Cole), February 2008
Policy Discussion
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