Miguel Ángel Gavilán-Rubio

Contact Department of Economics, University of Essex

Information Wivenhoe Park, Colchester, Essex, CO4 3SQ
(+44) 7761 331738
magavi@essex.ac.uk / miguel angel.gavilan rubio@ecb.europa.eu

Research Macroeconometrics, Macroeconomic Modelling, Fiscal and Monetary Policy

Interests
Education PhD in Economics, University of Essex Oct. 2018 (expected )
Thesis title: Essays in Applied Monetary and Financial Economics
Job market paper: Assessing the credit channel in the Euro Area: a time-varying FAVAR
approach
Supervisor: Dr Stefan Niemann; Chair: Dr Jayant Ganguli
MSc in Macroeconomics Policy and Financial Markets, (class rank 5%) June 2014
Barcelona Graduate School of Economics
Dissertation: Asymmetric effects of Monetary Policy: an empirical exercise.
Supervisor: Dr Luca Gambetti
MSc in Economics, (first class honours) Sept. 2013
Universidad Complutense de Madrid,
Dissertation: Monetary Policy Responses to the Great Recession: A comparison
Supervisor: José Antonio Herce San Miguel
Specialisation: Monetary and Financial Economics
BSc in Economics, (class rank 2%) Sept. 2012
Universidad Complutense de Madrid
Licenciatura: 5 years program (level 7 EQF: BSc + MSc)
Specialisation: International Economics and Development.
Erasmus year 2009/10: HEC-ULg Business School

Professional PhD Trainee at the European Central Bank April 2018 - Currently
Experience - 2018 PhD Traineeship Program at the Fiscal Policies Division
Project: Effects of sovereign credit default swaps on public bond markets.
Researcher at Banco de Mexico July 2016 - October 2017
- External cooperation with Payment Systems Research Division Sep. 2016 - Oct. 2017
- 2016 Summer Internship Program at the Payment Systems Research Division July-Sep. 2016
Project: Multivariate Dynamic Analysis of the Electronic Interbank Payment System
Research Analyst at Grupo Banco Santander November 2011 - March 2012
- Graduate internship (900 hours) at Research and Public Policy Division in Madrid
Research Analyst at Siemens AG April 2011 - October 2011
- Undergraduate internship (600 hours) at Finance Indirect Channel Section in Madrid

Teaching Lecturer at University of Essex Sep. 2018 - currently

Experience EC245 International Financial Institutions and Policy, BSc in Economics.
EC115 Methods of Economic Analysis, BSc in Economics
EC100 Economics for Business, BSc in Finances
Graduate Teaching Assistant at University of Essex Oct. 2015 - June 2018
EC904 Macroeconomics, GTA, MSc-MRes in Economics.
EC511 Mathematical Methods, GTA, MSc-MRes in Economics.
EC501 Econometric Methods, GTA, MSc in Economics.
EC201 Intermediate Macroeconomics, Senior GTA & GTA, BA-BSc in Economics.
EC111 Introduction to Economics, Senior GTA & GTA, BA-BSc in Economics.

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Journal [1] Gavilán-Rubio, M.A. and Alexandrova-Kabadjova, B. (2018): SPEI’s Diary: Econometric
Publications Analysis of a Payment System, Journal of Financial Market Infrastructures, Special Issue,
January 2018.
[2] Cases, E., Martı́n, D., Gavilán-Rubio, M.A. (2011-12): La economı́a de Castilla y León,
Pespectiva económica trimestral, No 27 and No 28, Grupo Banco Santander, Madrid.
[3] Cases, E., Martı́n, D., Gavilán-Rubio, M.A. (2011-12): La economı́a de Cantabria, Pespectiva
económica trimestral, No 78 and No 79, Grupo Banco Santander, Madrid.

Work in - Gavilán-Rubio, M.A. and Ferdinandusse, M.: Pricing Power in the Sovereign Credit Default
Progress Swap Market: Empirical Evidence for the Euro Area, work in progress, European Central Bank.
- Gavilán-Rubio, M.A.: Assessing the credit channel in the Euro Area: a time-varying
FAVAR approach, Job market paper, U. of Essex.
- Gavilán-Rubio, M.A.: Heterogenous effects of monetary policy in the Euro Area: a FAVAR
approach, Work in progress, U. of Essex.
- Gavilán-Rubio, M.A.: Allocation in Interbank Lending Market, Liquidity Constraints and
Its Effect on the Yield Curve, Work in progress, U. of Essex.
- Gavilán-Rubio, M.A.: Central Banking, Monopolistic liquidity provision and liquidity constraints,
Work in progress, U. of Essex.

Conferences & European Central Bank, 19th Sept. 2018

Presentations Speaker at EMIR data and Sovereign CDS Seminar
European Central Bank, 16th August 2018
Speaker at Fiscal Policies Division Internal Seminar
Bank of Finland, 31st Aug. - 1st Sep. 2017
Speaker at 15th Simulator Seminar on Quantitative Analysis of FMIs
De Nederlandsche Bank, 7th - 8th June 2017
Speaker at 2nd Financial Market Infrastructure Conference
Bank of Canada, 27th - 28th Oct. 2016
Speaker at Workshop on the Modelling and Simulation of Payments and Other Financial
System Infrastructures
University of Essex: Department of Economics, 18th Nov. 2016
Speaker at ’Seminar in Market Infrastructures and Intraday Liquidity Management’
Bank of Mexico, Summer Internship 2016, 8th Sep. 2016
Internal seminars presenting conclusions of Multivariate Dynamic Analysis of the Electronic
Interbank Payment System
Awards, Fundación Ramón Areces
Grants & Scholarships PhD in Economics, Sep. 2014 - Sep. 2017
others World Championship Econometrics, Amsterdam 2015
University of Essex Team Member, April 2015
Bracelona Graduate School of Economics
Scholarship M.Sc. in Macroeconomic Policy and Financial Markets, Sep. 2013
Universidad Complutense de Madrid
Graduate Degree with Academic Honours, MSc in Economics, Sep. 2013
Ministry of Education and Science, Scholarship MSc in Economics, Feb. 2012
Ministry of Education and Science, Scholarship BSc in Economics, Feb. 2007 - 2010
Computing Matlab / R / Stata — Expert
Skills Design of own codes, create functions, codes for econometrics and complex graphics.
References Dr. Beatrice Pierluigi
Head of Fiscal Policy Analysis, Phone: (+49) 1722-517169
Fiscal Policies Division (DGE) E-mail: beatrice.pierluigi@ecb.europa.eu
European Central Bank
Dr. Stefan Niemann
Reader Macroeconomics Phone: (+44) 1206-87-3351
Department of Economic E-mail: sniem@essex.ac.uk
University of Essex

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