Carlos Mulas-Granados is an Economist at the Fiscal Affairs Department of the International Monetary Fund, where he works on Expenditure Policy related issues. Since he joined the Fund he has worked on several countries, including Portugal, Costa Rica or Senegal, and has contributed to research in different policy issues from inequality to public investment or debt reduction. His areas of expertise are Public Economics, Macro-fiscal Policy, Political Economy and Expenditure Reform. He is the author of 3 books and more than 20 articles in refereed journals.
Since 2012, he is on special leave from his position as tenured Assistant Professor in the Department of Applied Economics at Complutense University, Spain. Before joining Complutense University, he had been a part-time lecturer at Columbia University and Cambridge University, and a full-time assistant professor at George Washington University and European University of Madrid. He has also been visiting professor in different graduate programs at the School of Industrial Organization, the Iberoamerican Foundation of Public Policies, the Institute for Fiscal Studies and the Ortega y Gasset Foundation. During that period he was several times a visiting scholar at the International Monetary Fund and the European Commission.
He holds a PhD in Economics from Cambridge University (UK) and a European Doctor degree in Economics from Complutense University (Spain). He also has a Masters degree in International Political Economy from Columbia University (USA) and is Doctor Member of the Center for Advanced Studies in the Social Sciences at the Juan March Institute (Spain). Before that, he gained BA degrees in Economics and Business Administration from Carlos III University in Madrid.
Personal WebPage: http://www.carlosmulasgranados.com
Fluent In: French, Spanish.
PhD in Economics, University of Cambridge, UK
European Doctorate in Applied Economics, Complutense University, Spain
Master in International Affairs (Int. Econ. Policy), Columbia University, US
Master in Social Sciences, Center for Advanced Studies in Social Sciences, Institute Juan March, Spain
Diploma of Advanced Studies in Political Science, Autonomous University, Spain
B.A. in Economics, Carlos III University, Spain
B.A. in Business Adminsitration, Carlos III University, Spain
Assistant Professor, Department of Applied Economics, Complutense University (2003-currently on leave)
Executive Director, IDEAS Foundation, 2009-2012
Deputy Director, Spain's Prime Minister's Economic Office, 2004-2006
IMF Books and Working Papers:
Functional Income Distribution and Its Role in Explaining Inequality, Working Paper No. 15/244, November 24, 2015
Now or Later? The Political Economy of Public Investment in Democracies, Working Paper No. 15/175, July 27, 2015
How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments, Working Paper No. 14/179, September 25, 2014
Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies, Working Paper No. 13/238, November 22, 2013
Restoring Debt Sustainability After Crises: Implications for the Fiscal Mix, Working Paper No. 10/232, October 01, 2010
How Effective is Fiscal Policy Response in Systemic Banking Crises?, Working Paper No. 09/160, July 01, 2009
Reforming Government Subsidies in the New Member States of the European Union, Working Paper No. 08/165, July 01, 2008
Front-Loaded or Back-Loaded Fiscal Adjustments: What Works in Emerging Market Economies?, Working Paper No. 04/157, August 01, 2004
Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries, Working Paper No. 02/77, April 01, 2002
IMF Country Reports
Portugal: Technical Assistance Report: Rethinking the State—Selected Expenditure Reform Options (IMF Country Report No. 13/6, 2013 )
Getting Debt under Control, Finance & Development, Vol. 47, No. 4 (December 2010)
Economics, Politics and Budgets. The Political Economy of Fiscal Adjustments in Europe, Palgrave-MacMillan, 2006.
El Estado Dinamizador: Nuevos Riesgos y Nuevas Politicas en Europa (Coord.), Editorial Complutense, 2010.
Corrupción, Cohesion Social y Desarrollo en América Latina (with J.A. Alonso), Fondo de Cultura Económica, 2011.
Publications in Journals (Refereed)
"How to Cut Debt? Reassessing the Fiscal Mix for Successful Debt Reduction” (with E. Baldacci and S. Gupta), Economic Policy, Vol. 27 (71), pp: 365-406, 2012.
"The fourth dimension: financial supervision and economic governance", After the crisis: A new socio-economic settlement for EU, Policy Network pp:77-87, 2010.
“Do budget institutions matter? Fiscal consolidation in the new EU member states” (with J. Onrubia and J. Salinas), Eastern European Economics, Vol 47 (1), pp: 61-95, 2008.
“The Dispersion of Technology and Income in Europe: Evaluation and Mutual Relationship Across Regions” (with I. Sanz), Research Policy, Vol 37 (5). pp: 836-848, 2007.
“What Makes Fiscal fiscal policy sustainable? a survival analysis of fiscal consolidations in Europe” (with R. Maroto), Public Choice, Vol 134 (3-4). pp: 147-161, 2007.
“An Enlarged Monetary Union? The Procedural Sources of Fiscal Policy in the New Member States” (with J.Onrubia and J.Salinas), International Journal of Public Policy, Vol. 1, No. 3. pp: 34-61, 2006.
“The Phasing of Fiscal Adjustments: What Works in Emerging Market Economies?” (with E. Baldacci and S.Gupta), Review of Development Economics, Vol. 10. N. 4. pp: 612-631, 2006.
“Fiscal Policy, Expenditure Composition and Growth in Low-Income Countries” (with S.Gupta, B.Clements and E.Baldacci), Journal of International Money and Finance, Vol. 24. pp: 441-463, 2005.
“The Persistence of Fiscal Adjustments in Developing Countries” (with S.Gupta, B.Clements and E.Baldacci), Applied Economic Letters, Vol. 11. pp: 209-212, 2004.
“Voting Against Spending Cuts: The Electoral Costs of Fiscal Adjustments in Europe”, European Union Politics, Vol. 5, No. 4. pp: 467-493, 2004
“The Political and Economic Determinants of Budgetary Consolidation in the EU”, European Political Economy Review, Vol.1, No.1. pp: 25-49, 2003.