In this page you will find my curriculum vitae in HTML format. Click HERE to download it in PDF format.

[Contact Information][Actual Positions] [Education]   [Academic Positions] [Publications][Work in progress] [Teaching]  [Research Projects][Professional Activities] [Doctoral Supervision]  [Member of Ph.D. Committees]  [Fellowships and Honors]
 
 

Jesús Vázquez








Contact Information

Universidad del País Vasco
Departamento de Fundamentos del Análisis Económico II (DFAE II)
Avenida Lehendakari Aguirre, 83
48015 Bilbao (Spain)
Tlfn: +34 94 601 37 79            Fax: +34 94 601 71 23
E-mail: jesus.vazquez@ehu.es    Home Page: www.ehu.es/jesusvazquez
 

Actual Position

  • Full Professor. Department of Economics. Universidad del País Vasco. Since March 2009.


Education

  • Ph D in Economics. State University of New York at Stony Brook, 1992. (Advisor: Steven P. Cassou)
  • M. A. in Economics. State University of New York at Stony Brook, 1989.
  • M. A. in Public Economics, Instituto de Economía Pública, Universidad del País Vasco, 1987.
  • B. A. in Economics. Universidad del País Vasco, 1984.


Academic and Research Positions Held

  • Associate Professor. Department of Economics. Universidad del País Vasco. 1994-2009.
  • Visiting Scholar. Department of Economics. University of California, San Diego. January-August 1999.
  • Assistant Professor. Department of Economics. Universidad del País Vasco. 1992-1994.
  • Visiting Scholar. Department of Economics. University of Warwick, UK. July 1994.
  • Research Associate Professor. Instituto de Economía Pública. 1993-1995.
  • Visiting Professor. Department of Economics. Universidad Pública de Navarra. February-June 1993.
  • Teaching Assistant. State University of New York at Stony Brook, 1989-1990.
  • Graduate Student. State University of New York at Stony Brook, 1987-1992.

Publications (Articles)

  1. "Does the Term Spread Play a Role in the Fed Funds Rate Reaction Function? An Empirical Investigation" (2009). Empirical  Economics  36, 175-199.
  2. "The New Keynesian Monetary Model: Does It Show the Comovement between Output and Inflation in the U.S.?" (2008), joint with Ramón María-Dolores. Journal of Economic Dynamics and Control 32, 1466-1488.
  3. "Term Structure and the Estimated Monetary Policy Rule in the Eurozone” (2008), joint with Ramón María-Dolores. Spanish Economic Review 10, 251-277.
  4. "The Comovement between Monetary and Fiscal Policy Instruments during the Post-War period in the U.S.," (2008) International Review of Economics and Finance 17, 412-424.
  5. "The Importance of Stock Market Returns in Estimated Monetary Policy Rules: A Structural Approach," (2007) Moneda y Crédito  224, 197-226.
  6.  "How Does the New Keynesian Monetary Model Fit in the U.S. and the Eurozone? An Indirect Inference Approach," (2006) B.E. Topics in Macroeconomics 6 (2), Article 9. http://www.bepress.com/bejm/topics/vol6/iss2/art9
  7. "Switching Equilibria. The Present Value Model for Stock Prices Revisited'' (2004), joint with María-José Gutiérrez. Journal of Economic Dynamics and Control 28, 2297-2325.
  8. “Explosive Hyperinflation, Inflation Tax Laffer Curve and Modelling the Use of Money” (2004), joint with María-José Gutiérrez. Journal of Institutional and Theoretical Economics 160, 311-326.
  9. "Switching Regimes in the Term Structure of Interest Rates: A Case for the Lucas Proof Equilibrium? (2004).  Studies in Nonlinear Dynamics and Econometrics 8 (1), Article 5. http://www.bepress.com/snde/vol8/iss1/art5
  10.  “Cyclical Features of the Uzawa-Lucas Endogenous Growth” (2004), joint with Sergio I. Restrepo-Ochoa. Economic Modelling 21, 285-322.
  11. "The Comovement between Output and Prices in the EU15 Countries: An empirical investigation'' (2002) Applied Economics Letters 9, 957-966.
  12. "Present Value Models with Feedback: Dynamic Properties of Alternative RE Equilibria'' (2002), joint with María-José Gutiérrez. Annales D'Economie et de Statistique 67/68, 131-154.
  13. "Does the Lucas Critique Apply during Hyperinflation? Empirical Evidence from four Hyperinflationary Episodes'' (2002) Applied Economics 34 (11), 1389-1397.
  14. "A Comparison between the Log-Linear and the Parameterized Expectations Methods'' (2002) joint with Ilaski Barañano and Amaia Iza. Spanish Economic Review 4 (1), 41-60.
  15. "A Simple Model of Recurrent Hyperinflation'' (1998) Revista Española de Economía 15 (3), 1-23.
  16. "How High Can Inflation Get during Hyperinflation? A transaction costs demand for money approach'' (1998) European Journal of Political Economy 14, 433-451.
  17. "Testing the Canonical Model of Exchange Rates with Unobservable Fundamentals'' (1997), joint with Javier Gardeazabal and Marta Regúlez. International Economic Review 38 (2), 389-404.
  18. "On Intrinsic Bubbles in the Discrete Time Version of Target Zone Models'' (1995) Revista Española de Economía 12 (2), 273-302.
  19. "The Relative Importance of Inflation and Currency Depreciation in the Demand for Money: An application of the estimation by simulation method to the German hyperinflation'' (1995) Investigaciones Económicas XIX (2), 269-289.
  20. "Estabilidad en el Empleo, Flexibilidad de los Salarios Reales y Perturbaciones de Demanda y de Oferta en el Mercado de Trabajo'' (1995), joint with María-José Gutiérrez. Ekonomiaz (Revista Vasca de Economía), 31-32, 292-309.
  21. "Was the Money Demand during the German Hyperinflation Time Varying?'' (1994) Applied Economics 26, 169-174.

 

Publications (Chapters in Collective Books)

  • “Reglas de Política Monetaria No Lineales: Evidencia para Algunos de los Nuevos Estados Miembros de la UE” (2006), joint with Ramón María-Dolores. In J.L. Torres (ed.) Temas Actuales de Economía,  Instituto de Análisis Económico y Empresarial de Andalucía: Málaga, pp. 35-57.
  • “Exchange Rate Dynamics: Where is the Saddle Path?" (2005), joint with Yin-Wong Cheung and Javier Gardeazabal. In Y.K. Kwan (ed.) Critical Issues in China's Growth and Development, (Chapter 9) Ashgate Publishing Limited: London, pp. 201-206.
  • "Cagan's Hyperinflation Model" (2004). In J. Segura and C. Rodríguez-Braun (eds.) An Eponymous Dictionary of Economics, Edward Elgar Publishing Limited: Cheltenham (U.K.), p. 36.
  • "Los Co-movimientos entre Output e Inflación en los Países del EU15 y Estados Unidos. Una Investigación Empírica". In J. Aurioles and E. Manzanera (eds.) Cuestiones Clave de la Economía Española, Ediciones Pirámide (Grupo Anaya S.A.), pp. 145-161.
  • "Comment on La Política Monetaria Europea y sus Posibles Repercusiones sobre la Economía Española, by Jordi Galí.'' In Ramón Caminal (ed.) The Euro and its Effects on the Spanish Economy, Fundación BBV (1999), pp. 329-331.

Work in progress

 

1.       "Employment Comovements at the Sectoral Level over the Business Cycle" (2009), joint work with Steve Cassou (Kansas State University).

2.       "Wage Stickiness and Unemployment Fluctuations: An Alternative Approach" (2009), joint work with Miguel Casares (Universidad Pública de Navarra) and Antonio Moreno (Universidad Pública de Navarra).

3.       "On the Informational Role of Term Structure in the U.S. Monetary Policy Rule" (2009), joint work with Ramón María-Dolores (Universidad de Murcia) and Juan M. Londoño (UPV).

4.       "Extending the New Keynesian Monetary Model with Information Revision Processes" (2009), joint work with Ramón María-Dolores (Universidad de Murcia) and Juan M. Londoño (UPV).

5.       "Unions and the Labor Market Cycle" (2009), joint work with Gonzalo Fernández-de-Córdoba (Universidad de Salamanca).

6.       "Another Look to the Price-Dividend ratio: A Markov Switching Approach" (2009), joint work with Juan M. Londoño and Marta Regúlez (UPV).

 

Teaching Experience

  • Graduate course in Monetary Markets. Universidad del País Vasco. 2007-09.
  • Graduate course in Macroeconomics and Finance. Universidad Complutense de Madrid, 2008-2009.
  • Graduate Course in Macroeconomics. Universidad del País Vasco. 2002-2005.
  • Graduate Course in Advance Macroeconomics. Universidad del País Vasco. 1998.
  • Monetary Analysis.  Universidad del País Vasco. 2006-2009.
  • Intermediate Macroeconomics. Universidad del País Vasco. 1995, 1998-2002 and 2007-2009.
  • Intermediate Microeconomics. Universidad del País Vasco. 2002.
  • Advanced Macroeconomics. Universidad del País Vasco. 1992-1998.
  • Graduate Course in Applied Macroeconomics. Universidad del País Vasco. 1994 and 1996.
  • Graduate Course in Macroeconomics. Universidad del País Vasco. 1993-1994.
  • Advanced Macroeconomics. Universidad Pública de Navarra. 1993.
  • History of Economic Thought. Universidad del País Vasco. 1992.
  • Intermediate Macroeconomics, teaching Asistant to Professor Steven Cassou. State University of New York at Stony Brook. 1990.
  • Graduate Macroeconomics, teaching assistant to Professor Bryce Hool. State University of New York at Stony Brook. 1989.
  • Intemediate Econometrics. Universidad del País Vasco. 1986-87.

 

Professional Activities

Member of the Assistant Committee of the ANEP (Spanish Ministry of Education) (since January 2007)

Member of the Expert Committee of the ACADEMIA Program of ANECA (since May 2008)

Associate Editor of Spanish Economic Review (2004-2006)

Member of the Expert Committee (Spanish Ministry of Education) for Evaluating Research Projects in Economics (2005-2006)

Invited Research Seminars

  • Kansas State University (2009)
  • Universidad de Granada (2008)
  • Universidad de Valencia (2008)
  • Universidad Autónoma de Madrid (2007)
  • FEDEA (2005)
  • Universidad de Navarra (2004)
  • Universidad de Murcia (2003)
  • IRES, University of Lovaina (2002)
  • Universidad de Vigo (2001)
  • Universidad Jaume I, Castellón (2001)
  • Universidad de Valencia (2001)
  • Universidad Complutense de Madrid (2000)
  • University of California, San Diego (1999)
  • Universidad de Vigo (1997)
  • Universidad de Valladolid (1996)
  • ESADE (1995)


 

Conferences and Workshops with paper presentation

 

International

    • North American Summer Meeting of the Econometric Society, Boston University, (U.S.A.) 2009.
    • North American Summer Meeting of the Econometric Society, University of Minnesota, (U.S.A.) 2006.
    • Theories and Methods in Macroeconomics Conference, University of Toulouse (France) 2006.
    • Econometric Society World Conference, London (United Kingdom) 2005.
    • European Winter Meeting of the Econometric Society, Gerzensee (Switzerland) 1995.
    • Econometric Society European Meeting (ESEM). Brussels (Belgium) 1992, Uppsala (Sweden) 1993, Maastricht (The Netherlands) 1994, Berlin (Germany) 1998, Santiago de Compostela (Spain) 1999 and Venice (Italy) 2002.
    • European Economic Association (EEA). Dublin (Ireland) 1992.
    • Latin American Meeting of the Econometric Society (LAMES). Rio de Janeiro (Brasil), 1996.
    • XIII International Conference on Computing in Economics and Finance. Montreal (Canada), 2007.
    • X International Conference on Computing in Economics and Finance. Amsterdam (The Netherlands), 2004.
    • The Econometric of Policy Evaluation Conference. University of Paris I (France), 2000.
    • Workshop on Dynamic Macroeconomics, Universidad de Vigo (Spain) 1998.
    • International Conference on Economic Theory: Growth and Business Cycles, Santiago de Compostela (Spain) 1996.
    • BeMaD - Workshop on Dynamic Macroeconomics, CentrA (Sevilla, Spain) 2003.
    • Southern European Association for Economic Theory (ASSET). Istanbul (Turkey) 1995 and Marseille (France) 1997.
    • International Atlantic Economic Conference. Vienna (Austria), 1995.

 

National (Spain)

    • Simposio de Moneda y Crédito, Fundación BSCH (Spain) 2006.
    • Simposio de Análisis Económico: Zaragoza (2008), Granada (2007), Murcia (2005), Pamplona (2004), Sevilla (2003), Salamanca (2002), Alicante (2001) and Barcelona (1991-1998 and 2000).
    • Jornadas de Macroeconomía Dinámica.  Madrid 1998, 2000 and Bilbao 2001.
    • IV Jornadas sobre Estructura Temporal de Tipos de Interés. Cuenca (2003).
    • Encuentro Internacional sobre el Euro, San Sebastián, 1998.
    • Jornadas sobre las Consecuencias Económicas del Euro, Valladolid 1998.
    • Jornadas de Economía Internacional. Murcia 1993 and Castellón 1995.

Meetings Organizer

  • Member of the Program Committee for the European Financial Association Meeting (2006, 2007, 2008).
  • Member of the Program Committee for the Simposio de Análisis Económico (1995, 1996, 1997, 2007).
  • Member of the Program Committee for the Encuentros de Economía Aplicada (2009).
  • Member of the Program Committee for the Jornadas de Economía Internacional (2005, 2007).
  • Member of the Program Committee for the Jornadas de Macroeconomía Dinámica (1998, 2000, 2001).

 

 

Refereeing

  • International Economic Review (2004).
  • Journal of Money, Credit, and Banking (1997, 1999, 2003, 2004).
  • Journal of Economic Dynamics and Control (2002, 2003).
  • Journal of Macroeconomics (2008).
  • Economic Modelling (2002, 2007, 2008, 2009).
  • Spanish Economic Review (1998, 1999, 2000, 2001, 2003, 2004, 2005, 2006).
  • Investigaciones Económicas (1995, 1999, 2001, 2004).
  • International Review of Economics and Finance (2008).
  • Applied Economics (1994,1995).
  • Applied Financial Economics (1995).
  • European Journal of Finance (2002).
  • Research in Economics (1998).
  • European Journal of Operation Research.
  • Revista Española de Economía (1994, 1995).
  • Revista de Economía Aplicada (1996, 1998, 2001,2004).
  • Moneda y Crédito (2002, 2003).
  • Central European Journal of Operations Research (2008).
  • Revista de Economía Financiera (2003).
  • Agencia Nacional de Evaluación y Prospectiva (2001, 2002, 2003, 2004).
  • Fundación Banco Bilbao-Vizcaya-Argentaria (2002).

 

Research Projects

Head Researcher

  • "Analysis of the Effects of Two Types of Institutions in Dynamic Economies: Unions and Monetary Policy". Spanish Department of Education and Science Research Grant, SEJ2007-66592-C03-01/ECON, 2007-2010.
  • Universidad del País Vasco Established Research Group Grant, UPV 9/UPV 00035.321-13511/2001, 2001-2006.
  • "Present Value Models with Feedback". Spanish Department of Science and Technology Research Grant, CICYT 1393-12254/2000, 2001-2003.
  • International Economics: Alternative Approaches". Universidad del País Vasco Grant, 1996-1998.


 

Researcher Member

  • "Stock Markets and Real Economic Activity: Unobservable  Fundamentals". Spanish Department of Science and Technology Research Grant, SEJ2004-04811/ECON. 2004-2007. Head Researcher: Marta Regúlez.
  • "Studies on European Macroeconomic Variables and Structural Policies". Fundación BBVA, 1/BBVA 00044.321-15466/2002. 2003-2005. Head Researcher: Gonzalo Rubio.
  • "Dynamic Economics: Different Approaches". Spanish Ministry of Education Researh Grant, DGES, PB97-0620. 1998-1999. Head Researcher: Cruz Angel Echevarría.
  • "Business Cycles Macroeconomics". Spanish Ministry of Education, DGICYT, PS-950110. 1996-1998. Head Reseacher: Javier Gardeazabal.
  • "Monetary Policy in the CEE". Basque Goverment Research Grant, GV PI-95/23. 1996. Head Researcher: Marta Regúlez.
  • "Economic Cycles: Different Approaches".Basque Goverment Research Grant, GV PI-9442. 1995. Head Researcher: Gonzalo Rubio.
  • "International Economics and European Integration". Universidad del País Vasco Research Grant, UPV 035.321-HA057/92. 1993-1994. Head Researcher: María Paz Espinosa.
  • "International Economics and European Integration". Universidad del País Vasco Research Grant, UPV 035.321-HA086/93. 1994-1996. Head Researcher: María Paz Espinosa.
  • "EMS Exchange Rate Dynamics". Fundación Banco Bilbao Vizcaya Grant. 1993.
  • "Dynamics in Macroeconomics". Spanish Ministry of Education Researh Grant, DGICYT, PB92-0453. 1993-1995. Head Researcher: María Carmen Gallastegui.


Doctoral Supervision

  • Juan Miguel Londoño Yarce “Essays on Stock Market Fluctuations and the Business Cycle”. Joint supervision with Marta Regúlez.  Universidad del País Vasco, 2009. European thesis doctorate.
  • Sergio Iván Restrepo-Ochoa. "Trend and Cyclical Analysis in Two Standard Growth Models".  Universidad del País Vasco, 2002.
  • Ilaski Barañano. "Business Cycles in Endogenous Growth Models". Joint supervision with Amaia Iza. Universidad del País Vasco, 1999.  Distinction for the best dissertation thesis in economics at the Universidad del País Vasco for the 1998-1999 academic year.

 

Member of Ph.D. Dissertation Committees

  • “On Endogenous Market Incompleteness, Cycles, and Growth” by Alexandre Dmitriev. Supervised by Jordi Caballé. Universidad Autónoma de Barcelona, 2007.
  • "Reducción de la Jornada Laboral en el Mercado de Trabajo Español: Un Enfoque de Equilibrio General" by Idoia Zabaleta Arregui. Supervised by Emilio Domínguez Irastorza and Miren Ullíbarri Arce, 2004.
  • “Estudios sobre el Ciclo Económico y la Inflación en Países de la OCDE” by F. Israel Sancho Portero. Supervised by Francisco Alcalá Agulló, 2004.
  • "A Theory of Target Zones" by Jesús Rodríguez López. Supervised by Hugo Rodríguez Mendizábal. Universidad Pablo de Olavide, 2003.
  • "Welfare and Growth Effects of the Public Investment/Output Ratio" by Gustavo A. Marrero Díaz. Supervised by Alfonso Novales. Universidad Autónoma de Barcelona, 2000.
  • "Long-Run and Short-Run Issues in Optimizing Monetary Models" by Miguel Casares-Polo. Supervised by Oscar Bajo-Rubio and Bennett T. McCallum. Universidad Pública de Navarra, 2000.
  • "Métodos Numéricos de Solución de Modelos No-lineales Bajo Expectativas Racionales" by Javier J. Pérez-García. Supervised by Alfonso Novales. Universidad Complutense de Madrid, 2000.
  • "Ciclo y Dinámica Económica en Europa" by Pedro J. Pérez-Vázquez. Supervised by Francisco J. Goerlich-Gisbert. Universidad de Valencia, 1999.
  • "Essays On Two-Sector Models of Endogenous Growth" by Jaime Alonso-Carrera. Supervised by Jordi Caballé. Universidad Autónoma de Barcelona, 1997.
  • "Soluciones Equitativas para Problemas Económicos de Distribución" by Iñigo Iturbe-Ormaetxe. Supervised by Jorge Nieto-Vázquez. Universidad del País Vasco, 1993.
  • "Essays On Two-Sector Models of Endogenous Growth" by Jaime Alonso-Carrera. Supervised by Jordi Caballé. Universidad Autónoma de Barcelona, 1997.

Research Evaluations

  • Positive Research and Teaching Evaluation: Levels  C1,C2, B1, B2 y B3 by the Agencia de Evaluación de la Calidad y Acreditación del Sistema Universitario Vasco (UNIQUAL).
  • Positive Evaluation of the Research Period 2003-2008 by the Ministry of Education (Spain), 2009.
  • Positive Evaluation of the Research Period 1997-2002 by the Ministry of Education (Spain), 2003.
  • Positive Evaluation of the Research Period 1989-1995 by the Ministry of Education (Spain), 1997.

 

Fellowships and Honors

  • Basque Government  Fellowship (Spain), 2009.
  • Department of Education Fellowship (Spain), 1999.
  • Department of Education Fellowship (Spain), 1990-1992.
  • Aninda Bose Memorial Award, State University of New York at Stony Brook, 1989.
  • Peter J. Kalman Memorial Fellowship, State University of New York at Stony Brook, 1989-1990.
  • Bank of Spain Fellowship, 1987-1989.
  • Institute of Public Economics Fellowship (Spain), 1985-1986.


 

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