I am a Senior Research Economist at Banco de España.
My research interests are in the fields of macroeconomics, growth, and finance.
I completed my PhD in Economics from the University of Edinburgh in 2024.
During the academic year 2026-2027 I will be visiting Dartmouth College.
Contact: [email protected]
Work in Progress
- "The Ironies of Automation: A growth theory perspective" [Preprint]
- "Transfer progressivity and aggregate development"
(with L. de Magalhaes and R. Santaeulalia-Llopis) [Slides]
- "Monetary policy, bank leverage and systemic risk-taking"
(with K. Aoki and K. Nikolov) [Preprint]
- "The nexus between the deposit and risk-taking channels of monetary policy"
(with J. E. Gutiérrez and M. Melnychuk) [Preprint]
Publications
- Garcia-Villegas, S., & Martorell, E. (2024). "Climate transition risk and the role of bank capital
requirements". Economic Modelling, 135, 106724. [Journal] [Preprint]
Teaching
- Economic Growth - CUNEF (2025-present)