Economist
Federal Reserve Bank of Dallas

Biographical

• Citizenship: Spanish
• Language: Spanish and Valenciano (native) / English (fluent)

Education

• University of Wisconsin–Madison, Ph.D. in Economics, 2007
• University of Wisconsin–Madison, M.Sc. in Economics, 2004
• University of Pennsylvania, M.A. in Economics, 2002
• University of Alicante, B.A. in Economics (with honors), 2000
   
• Northwestern University, Advanced Workshop for Central Bankers, 2008

Fields of Interest

• Major Fields: International Macroeconomics (Open Economy Macroeconomics) and Finance, Macroeconomics and Monetary Economics, Applied Econometrics
• Minor Fields: Stochastic Optimal Control, Continuous-Time Finance, Asset Pricing

Professional Experience

• Economist, Research Department, Federal Reserve Bank of Dallas, July 2007–Present
• Adjunct Professor, Southern Methodist University, Monetary Theory and Policy (Ph.D. course), Spring 2010

Professional Affiliations

• American Economic Association, Spanish Economic Association
  

Research Experience

• Project Assistant, Center for World Affairs and the Global Economy (WAGE), University of Wisconsin–Madison, September 2006–June 2007
• Project Assistant, University of Wisconsin–Madison, September 2005–June 2006
• Ph.D. Intern, Bank of England, Monetary Analysis Division, June 2005–August 2005
• Project Assistant, University of Wisconsin–Madison, January 2005–May 2005
• Research Assistant, University of Alicante, September 1999–June 2000

Teaching Experience

• Adjunct Professor, Southern Methodist University, Monetary Theory and Policy (Ph.D. course), Spring 2010
• Invited Professor, University of Alicante, Globalization and Monetary Policy (graduate-level mini-course), December 2007 and December 2008
• Teaching Assistant, University of Wisconsin–Madison, Microeconomics (graduate-level course), September 2004–December 2004

Honors and Awards

• Bank of Spain Graduate Fellowship, 2000–04
• Harold Groves Economics Prize for Research in Quantitative Economic Policy, Department of Economics, University of Wisconsin–Madison, 2003–04
• Premio extraordinario de Licenciatura, Merit-Based Award from the University of Alicante, 2000
• Premio extraordinario al Rendimiento Académico, Merit-Based Award from the Regional Government of Valencia, Spain, 2000
• Segundo Premio Nacional de Fin de Carrera en Economía, Second National Prize in Economics (B.A.), Ministry of Education and Culture, Spain, 2000

Research Publications

   Refereed Journals

• "A Model of the Exchange Rate with Informational Frictions," The B.E. Journal of Macroeconomics: Vol. 10 : Iss. 1 (Contributions), Article 2. A working paper version of this article appeared as Globalization and Monetary Policy Institute Working Paper no. 2, October 2007
  Technical Appendix
  Code and Dataset Files
  

   Books and Book Chapters

• "Investment and Trade Patterns in a Sticky-Price, Open-Economy Model" (with Jens Søndergaard), in The Economics of Imperfect Markets. The Effect of Market Imperfections on Economic Decision-Making, edited by Giorgio Calcagnini and Enrico Saltari, Series: Contributions to Economics. Heidelberg: Springer (Physica-Verlag), December 2009. A working paper version of this article appeared as Globalization and Monetary Policy Institute Working Paper no. 28, January 2009
  (For code and dataset files, contact the author .)
• "Functional Doctrine of Money. Germán Bernácer" (translated with María Teresa Martínez García), published by Caja de Ahorros del Mediterráneo and Universidad de Alicante Fundación General with the support of the Globalization and Monetary Policy Institute, June 2009. [This is an English translation of the revised second edition of "La Doctrina Funcional del Dinero," by Germán Bernácer Tormo, published by the Consejo Superior de Investigaciones Científicas, Instituto "Sancho de Moncada": Madrid, 1956.]

Working Papers

   Open-Economy Macroeconomics

• "The Real Exchange Rate in Sticky Price Models: Does Investment Matter?" (with Jens Søndergaard), Globalization and Monetary Policy Institute Working Paper no. 17, July 2008
  (For code and dataset files, contact the author .)
• "Technical Note on 'The Real Exchange Rate in Sticky Price Models: Does Investment Matter?'" (with Jens Søndergaard), Globalization and Monetary Policy Institute Working Paper no. 16, July 2008
• "Globalization and Monetary Policy: An Introduction," Globalization and Monetary Policy Institute Working Paper no. 11, April 2008
•  "Monetary Policy in a Small Open Economy: The Cases of Spain and the U.K.," August 2005 

  Monetary Policy and Finance

• "Systemic Risk, Banking Regulation and Optimal Monetary Policy" (with Ethan Cohen-Cole), November 2008

   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

Other Research Activities

• "Lecture Notes on Globalization and Monetary Policy (Rules)," April 2008

Federal Reserve System Publications

• “A Historical Look at the Labor Market During Recessions,” with Janet Koech, Federal Reserve Bank of Dallas Economic Letter, Vol. 5, No. 1, January 2010
  Technical Appendix and Dataset Files
  

Seminars, Workshops and Lectures

  2009

• Lecture Hall CAM in Alicante (Book Presentation), Foundation Banco Santander (22nd Symposium Money and Credit), Federal Reserve Bank of Dallas—San Antonio Branch (System Committee on International Economic Analysis), University of Technology—Sydney (15th CEF Conference), University of Indiana—Bloomington (Midwest Macro Meetings), Federal Reserve Bank of Atlanta (17th SNDE Symposium), Bank of England (Seminar), Bank for International Settlements (Seminar), San Francisco AEA (Annual Meetings of the American Economics Association)

 2008

• University of Alicante (Lecture), Centro-Cultural "Gómez Tortosa" of Novelda (Speech), University of Zaragoza (Spanish Economic Association XXXIII Meetings), Central Bank of Chile (12th Annual Conference of the Central Bank of Chile), Federal Reserve Board (System Committee on International Economic Analysis), University La Sorbonne (14th CEF Conference), University of Pennsylvania (Midwest Macro Meetings), University of Texas at Dallas (Conference on Methods), Federal Reserve Bank of San Francisco (16th SNDE Symposium)

 2007

• University of Alicante (Lecture), Texas A&M University (Seminar), University of Wisconsin–Madison (Graduate Student Conference in Probability), Université de la Mediterranée–Aix en Provence (2nd OMD Conference), Federal Reserve Bank of Dallas (Seminar), Federal Reserve Bank of Boston (Seminar), Bank of Spain (Seminar), Deustche Bundesbank (Seminar), University of Saskatchewan (Seminar), Ohio State University (Seminar), Board of Governors of the Federal Reserve System (Seminar)

   2006

• University of Alicante (Seminar), University of Wisconsin–Madison (Seminar), University Jaime I–Castellón de la Plana (Seminar)

   2005

• Bank of England (Seminar), Bank of Spain (Seminar), University of Wisconsin–Madison (Seminar)

   2004

• University of Wisconsin–Madison (Seminar)

Occasional Referee

• Journal of International Economics, Journal of Economic Dynamics and Control, Journal of Money, Credit and Banking, B.E. Journal of Macroeconomics, Journal of Macroeconomics, Economic Inquiry, Finance Research Letters, Economics Bulletin