Javier Andrés is Professor of Economics at the University of Valencia since 1991 and holds a Master’s degree in Economics from the London School of Economics where he has also been a visiting researcher at the Centre for Economic Performance. He has published numerous papers in scholarly journals and books. His research interests include economic growth and the labor market, fiscal and monetary policies, and the effect of financial frictions on the business cycle and macroeconomic stability. He currently studies the process of macroeconomic adjustment after the financial crisis in economies with high private and public debt and heterogeneous households and firms, as well as the economic and welfare effects of the digital revolution. 

Javier is research consultant on macroeconomic modeling for the Banco de España, member of the Advisory Board of AIReF (Autoridad Independiente de Responsabilidad Fiscal) and Fellow of the Spanish Economic Association. He has been managing editor of Moneda y Crédito, co-editor of the Blog Nada es Gratis, member of the board of several scientific journals and was the head of the Spanish National Research Program in Economics from 2000 to 2003. He has recently coauthored (with Rafael Domenech) two books: En busca de la prosperidad (2015, Deusto, Planeta) and La era de la disrupción digital (2020, Deusto, Planeta).

(https://www.uv.es/jandres/JANDRES_CV_WEB.pdf)

Selected publications

“Inflation and optimal monetary policy in a model with firm heterogeneity and Bertrand competition”, European Economic Review, Vol. 103, pages 18-38 (with P. Burriel).

“Structural reforms in a debt overhang”, Journal of Monetary Economics, Vol. 88, pages 15-34 (with O. Arce and C. Thomas).

“Banking competition, collateral constraints and optimal monetary policy”, Journal of Money, Credit and Banking, vol. 45, pages 87-125 (with O. Arce and C. Thomas).

“Banking competition, housing prices and macroeconomic stability”, The Economic Journal, Vol. 122, 2012, 1346-1372 (with Oscar Arce).

“Money in an Estimated Business Cycle Model of the Euro Area”, The Economic Journal, 2006, Vol. 116, pages 457-477 (with J.D. López-Salido and J. Vallés)

Dr. Pilar Beneito López is Associate Professor at the Faculty of Economics and, Associated Researcher of the Social and Economic Behaviour Institute (ERI-CES) at the Universitat de València. Pilar holds a Bachelor’s degree and a Ph.D. in Economics from the Universitat de València, and an M.Sc. in Economics from University College London. Her main research interests are in the areas of Applied Industrial Economics; Economics of Innovation; Economics of Education; Gender Economics, and Microeconometrics. Her work has been published in several scientific journals including Economics of Education Review, Journal of Industrial Economics, International Journal of Industrial Organization, Oxford Economic Papers, Research Policy, Technological Forecasting and Social Change, among others. She has been involved in many national and international projects and has attended numerous national and international conferences and workshops.

Five selected/recent publications:

1. Beneito, P.; Boscá, J.E.; Ferri, J. (2018): “Tuition fees and student effort at university”, Economics of Education Review, 64, 114-128.
2. Beneito, P.; Rochina, M.E.; Sanchis A. (2017): “Competition and innovation with selective exit: an inverted-U shape relationship?”, Oxford Economic Papers, 69(4), 1032–1053.
3. Beneito, P.; Coscollá, M.; Rochina, M.E.; Sanchis A. (2015) “Competitive Pressure and Innovation at the Firm Level”, Journal of Industrial Economics, 63(3), 422-457.
4. Beneito, P.; Rochina, M.E.; Sanchis A. (2015): “The path of R&D efficiency over time”, International Journal of Industrial Organization, 42, 57-69.
5. Beneito, P. (2006): "The innovative performance of in-house and contracted R&D in terms of patents and utility models," Research Policy, 35(4), 502-517.

Dr. José E. Boscá is Professor of Economics at the University of Valencia and Associated Researcher at FEDEA. He holds the Advanced Studies Certificate in International Economic Policy from Kiel Institute for the World Economy (Germany) and a PhD in Economics from the University of Valencia. J. Boscá has been senior invited research fellow at the University of Kent and collaborates regularly as external researcher with the Spanish Ministries of Economics and of Finance, the Rafael del Pino Foundation and BBVA Research. He is coauthor of REMS and EREMS, two dynamic general equilibrium models that BBVA Research and the Spanish Ministries of Economics and of Finance use to simulate macroeconomic policies and to evaluate shocks hitting the economy. He has published numerous articles in well-known international scientific journals on economic growth, business cycles, regional economics and fiscal policies. Among others these journals include European Economic Review, Journal of Money Credit and Banking, Journal of Economic Dynamics and Control, Economica, Oxford Economic Papers, Economic Inquiry, Journal of Regional Science or Regional Studies.

Selected publications:

1. “Fiscal and Macroprudential Policies in a Monetary Union”, joint with J. Ferri and M. Rubio, Review of Quantitative Finance and Accounting, forthcoming, 2024.
2. “Household’s Balance Sheets and the Effect of Fiscal Policy”, joint with J. Andrés, J. Ferri and C. Fuentes-Albero, Journal of Money, Credit and Banking, 2022, 54(4), 737-778.
3. “Gender Imbalance across Subfields in Economics: When Does It Start?”, joint with P. Beneito, and J. Ferri, Journal of Human Capital, 2021, 15(3), 469-511.
4. “Financial and Fiscal Shocks in the Great Recession and Recovery of the Spanish Economy”, joint with R. Doménech, J. Ferri, R. Méndez and J. Rubio-Ramírez, European Economic Review, 2020, 127.
5. “Tuition Fees and Student Effort at University”, joint with P. Beneito and J. Ferri, Economics of Education Review, 2018, 64, 114-128.
6. “Instruments, rules and household debt: the effects of fiscal policy”, joint with J. Andrés, and J. Ferri, Oxford Economic Papers,  68(2), 419-443.
7. “Household Debt and Fiscal Multipliers”, joint with J. Andrés, and J. Ferri, Economica, 2015, 82, 1048–1081.
8. “Household Debt and Labor Market Fluctuations”, joint with J. Andrés, and J. Ferri, Journal of Economic Dynamics and Control, 2013, 37(9), 1771-1795.
9. “Search, Nash Bargaining and Rule of Thumb Consumers”, joint with R. Doménech, and J. Ferri, European Economic Review, 2011, 55, 927-942.
10. “The Spanish Economy: A General Equilibrium Perspective”, edited jointly with R. Doménech, J. Ferri, and J. Varela, 2011, 227 pages. Palgrave MacMillan. London (UK).

Dr. Pedro Cantos Sánchez has a degree in Economics at the Universidad de Valencia (Valencia, Spain). He is Master in Transport Economics at the Universidad Carlos III de Madrid and doctor in Economics (with honors) at the Universidad de Valencia. Currently he is Professor of Economics at the Economic Analysis Department of the Universidad Valencia and researcher of the ERI-CES also of the Universidad de Valencia. His main research areas are the transport economics, applied industrial organization, liberalization and deregulation, and efficiency and productivity in transport markets. He has published numerous papers in prestigious journals as Transport Reviews, Transportation Research Part A: Policy and Practice, Transportation Research Part B: Methodological, Transportation Research Part E: Logistics and Transportation Review, Transport Policy, Journal or Transport Economics and Policy, Regional Science and Urban Economics, The Manchester School, Transportation, International Journal of Transport Economics, Economics of Transportation and Research in Transportation Economics. He has collaborated in 22 competitive national research projects (being Principal Researcher in 6 projects), in two European projects and a project for the World Bank. He has participated in 75 international and national conferences, and taught numerous seminars in prestigious universities and research centers.

Five selected/recent publications:

1. Cantos, P. (2020). “A three-stage competition game in an air transport network under asymmetric valuation of flight frequencies”. Economics of Transportation 21 (2020) 100141 (jointly with O. Álvarez, R. Moner and J.J. Sempere). Impact factor: 1.750
2. Cantos, P (2018). “The impact of scrappage programmes on the demand for new vehicles: Evidence from Spain”. Research in Transportation Economics (jointly with E. Gutiérrez and I. Mulalic), vol 70, 83-96. Impact factor: 1.798.
3. Cantos, P. (2015). “The impact on port competition of the integration of port and inland transport services”. Transportation Research Part B: Methodological, Vol. 80, 291- 302 (jointly with O. Álvarez, R. Moner and J.J. Sempere). Impact factor: 2.952.
4. Cantos, P. (2013). “Competition and horizontal integration in maritime freight transport”. Transportation Research Part E, vol 51, 67-81 (jointly with O. Álvarez, R. Moner and J.J. Sempere). Impact Factor 2013: 2.193
5. Cantos, P. (2012). “Evaluating European railway deregulation using different approaches”.  Transport Policy, vol. 24, 67-72 (jointly with J. M. Pastor, and L. Serrano. Impact factor: 1.541.

Alfonso Díez Minguela is Associate Professor in the Economic History group (EH-Valencia) of the Economics Department at the Universitat de València, España. His research has been published in books or academic journals (Cliometrica, European Review of Economic History, Journal of Economic History…). 

Dr Fernández de Guevara graduated and obtained his PhD (with special honors) in Economics from the Universitat de València, where he is currently Full Professor of Economic Analysis and Research Professor at the Ivie. His specialized fields are banking, social capital, productivity analysis and the role of the ICT and the intangible assets in economic growth. He has been researcher in the projects funded by the EU 7th Framework Programme, INDICSER and SPINTAN, and advisor to the European Investment Bank and the UN. He has been researcher of four projects of National Research plan, and has been principal researcher of a project of the regional R&D plan. He has authored more than 30 books and book chapters and has co-edited three books for Palgrave MacMillan and the BBVA Foundation. Also, he has published more than 30 articles in specialized journals such as Journal of Banking and Finance, The Manchester School, The European Journal of Finance, Journal of International Money and Finance, Revista de Economía Aplicada, Regional Studies, Applied Economics Letters, Journal of Higher Education and Journal of Financial Stability, among others, and has taken part in numerous national and international congresses. In 2015, he received the prize for the best co-authored paper from Funcas in its Research Promotion Programme.

Dr Mas graduated and took a PhD in Economics at the Universitat de València, where she was Professor of Economic Analysis until September 2021. Currently, she is Professor Emeritus at the Universitat of València and Director of International Projects of the Ivie. Her specialized fields are growth economics, productivity analysis, new technologies and intangible assets.

She has been a member of the World KLEMS project since its creation and co-director of the DIGITES (Digital Technologies Segment Data) Projects commissioned by the European Commission’s Joint Research Centre, Directorate B, SPINTAN (Smart Public Intangibles) Project funded by the 7th Framework Programme of the European Union and has participated in other EU projects (EU KLEMS, INDICSER, ICTNET, DICTA and PREDICT). She is co-author of 93 books and book chapters, editor of the book Industrial Productivity in Europe. Growth and Crisis (Edward Elgar, 2011) and has published almost 100 articles in national and international journals, such as Journal of Productivity Analysis, NBER, Journal of Regional Science, Regional Studies y Review of Income and Wealth, among others. She is member of the Advisory Board of Ekonomiaz and of the Scientific Board of Cuadernos Económicos del ICE. In 2020 she was awarded by the General Council of Economists of Spain with the Grand Cross of Merit in Service to the Economy. From July 2020 to December 2023, she served as member of the Advisory Council for Economic Affairs, First Vice Presidency of the Government and Ministry of Economic Affairs and Digital Transformation, and since May 2024, of the Spanish Ministry of Economy, Trade and Enterprise. She frequently participates in the media and is a columnist for El País Negocios. She is a member of the Top 100 Experts of COTEC (Foundation for Technology and Innovation). In 2021 she was appointed expert advisor to the Economic and Social Council (CES) of Spain. Since January 2023 she belongs to the group of experts of The Productivity Institute Lab (UK).

María José Murgui-García is an Associate Professor of Economics in the Department of Economic Analysis at the Faculty of Economics of the University of Valencia since 2003. She holds a PhD in Economics from the University of Valencia, where she was awarded the Extraordinary Doctorate Award (2001). Her fields of interest include regional economics; growth and inequality; investment theory; the measurement of capital and endogenous depreciation; natural capital; and tourism economics.

A first line of her research focuses on regional growth and convergence, analyzing how infrastructure, human capital, market regulation, and European policies influence investment and productivity. A second line centers on the measurement of capital stock using an endogenous depreciation rate derived from a dynamic optimization model of the firm. This methodology has enabled the construction of economic measures of capital stock for Spain, its regions, and the United States, and has been applied to the study of the productivity paradox and regional economic resilience. A more recent line of research develops a model of tourist behavior that distinguishes between the market for goods and services and the accommodation market, allowing for the estimation of demand elasticities and the identification of the socioeconomic profile of different types of tourists. This framework also provides a bridge to her broader research on economic growth and natural capital.

She is currently involved in several competitive research projects funded by the Spanish government, including “Technology, Human Capital, Innovation, Trade and Energy” (PID2022-138706NB-I00, 2023–2026) and “Territory and State: A Historical Analysis of Regional Inequality in Spain, Southwestern Europe and Latin America” (PID2021-127636NB-I00, 2021–2024). She has been awarded four research productivity periods (sexenios de investigación).

[Biography, english version]

Alba Ruiz-Buforn is Profesora Permanente Laboral in the Department of Economic Analysis at Universitat de València. She holds a PhD in Economics from Jaume I University (2019), a MA in Industrial Economics from Universitat de València (2014) and a BA in Business Management from Jaume I University (2013). Her research field is related to behavioral economics, with special interest in experimental finance. She is also interested in industrial and transport economics, especially in their relationship with competition and environmental policies.

Carlos Salvador holds a PhD of Banking and Quantitate finance (with special honors) and a degree in Economics from the faculty of Economics at the University of Valencia, where he is currently Associate Professor of Economic Analysis (Profesor Titular in Spanish Universitary System). He was researcher and Assistant Professor in the department of Economic and History of CUNEF Business School (2013-2018) and a visiting researcher at the College of Business at Bangor University (United Kingdom) in 2012. His fields of specialization are the financial economics, Banking and Macroeconomics. His most outstanding research works have been published in international journals such as Journal of Financial Stability, Journal of International Money and Finance, Journal of International Financial Markets, Institutions & Money, Financial Research Letters, Research in International Business and Finance, The North American Journal of Economics and Finance, The Spanish Review of Financial Economics, Applied Economics letters, Spanish Journal of Finance and Accounting, Regional and Sectoral Economic Studies. Among others, he has presented at the French Finance Association (AFFI), ACEDE Conference, Foro de Finanzas (AEFIN), Conference on International Finance (INFINITI) and The European Association of University Teachers of Banking and Finance. He has been researcher in the projects funded by the European Commission, Spanish Ministry of Economy and Competitiveness, Government of Madrid and Generalitat Valenciana. In the professional field, he has been technician in risks in Adquiera (Bankia Group), scholarship holder in the investment department of ASEVAL (AVIVA group) and training staff at the insurance department of the Valencia regional government. Furthermore, he has published articles about monetary policy in several newspapers and specialized magazines such as Expansión, Cinco Dias, el Economista and Valencia Plaza, among others.