Carlos Mulas Granados
Last Updated: November 17, 2023
Carlos Mulas-Granados is the Deputy Chief of the Strategy Unit at the Strategy Policy and Review Department of the International Monetary Fund. Before that, he was a Senior Economist at the European Department (leading research for the conjunctural and analytical chapters of EUR's Regional Economic Outlook) and a Senior Economist in the Fiscal Affairs Department (leading research for the Fiscal Monitor and the World Economic Outlook). During his period at the Fund, he has also worked on country-specific economic or fiscal issues in Senegal, Portugal, Costa Rica, Brazil, Croatia. the UK and the Euro area. He is the author/editor of 4 books and has published dozens of articles in different areas, including inflation spikes, reopening after the pandemic, automation, trade and value chains, fiscal adjustments, debt reduction, public investment, R&D and inequality. His articles have appeared in renowned journals such as British Medical Journal, Economic Policy, Public Choice, European Journal of Political Economy, Journal of International Money and Finance, Research Policy, Applied Economics, etc. Since joining the Fund in 2012, he is on special leave from his position as Tenured-Professor in the Department of Applied Economics at Complutense University, Spain. In 2009, the Ideas Foundation appointed him as the Executive Director of its think-tank for a 3-year period. Before gaining his tenure at Complutense University in 2007, he had been an assistant professor at George Washington University and the European University of Madrid. He had also been a 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 academic period he was several times a visiting scholar at the International Monetary Fund and a consultant for the European Commission. Between 2004 and 2006, he served as the Deputy Director of the Spanish Prime Minister's Economic Office. 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.
Email: CMULASGRANADOS@imf.org
Personal WebPage: http://www.carlosmulasgranados.com
Fluent In: French, Portuguese, Spanish.
Education:
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
Previous Experience:
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
Director of International Economics, Institute Complutense of International Studies (ICEI), 2007-2008
Member of the Cabinet of the European Commissioner for Economic and Monetary Affairs, 2000
Awards and Honors:
IMF / FAD Departmental Award for the Book on Political Economy, 2017
IMF Global Fund Award for Work on Inequality Issues, 2015
Gran Cruz de Isabel la Católica al Mérito Civil (Medal in recognition of civil merits conceded by the Ministry of Presidency), 2006
Jean Monnet-Uni2 Research Award for the best article in European Economy, 2002
Fellow of the Cambridge European Trust
Cajamadrid Fellowship for Postgraduate Studies in Europe
Social Science Research Council (SSRC) Fellowship in Applied Economics
La Caixa Foundation Fellowship for Graduate Studies in the United States
Institute Juan March Doctoral Fellowship (Center Advanced Studies Social Sciences)
IMF Books and Working Papers:
Exiting from Lockdowns: Early Evidence from Reopenings in Europe , Working Paper No. 20/218 , October 21, 2020
Automation, Skills and the Future of Work: What do Workers Think? , Working Paper No. 19/288 , December 20, 2019
Trade Tensions, Global Value Chains, and Spillovers : Insights for Europe , Departmental Paper No. 19/10 , June 12, 2019
Fiscal Politics , April 07, 2017
Non-Performing Loans in the ECCU : Determinants and Macroeconomic Impact , Working Paper No. 16/229 , November 17, 2016
The Blind Side of Public Debt Spikes , Working Paper No. 16/202 , October 14, 2016
Fragmented Politics and Public Debt , Working Paper No. 16/190 , September 19, 2016
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
iMFdirect Blog Posts
Public Opinion on Automation, IMFBlog, February 10, 2020
Tariff Shocks: The Role of Value Chains in Europe, IMF Blog, July 3, 2019
F&D articles
Politics and Public Investment, Finance & Development, Vol. 52, No. 4 (December 2015)
Getting Debt under Control, Finance & Development, Vol. 47, No. 4 (December 2010)
Selected Issue
"Fiscal Challenges of an Aging Population in Brazil", Selected Issues Paper (November, 2016)
"Strengthening Senegal's Fiscal Framework", Selected Issues Paper (January, 2015)
Other Published Materials
Books
Publications in Journals (Refereed)
“The Political and Economic Determinants of Budgetary Consolidation in the EU”, European Political Economy Review, Vol.1, No.1. pp: 25-49, 2003.
Publications in Books and Conference Volumes
Carlos Mulas-Granados is the Deputy Chief of the Strategy Unit at the Strategy Policy and Review Department of the International Monetary Fund. Before that, he was a Senior Economist at the European Department (leading research for the conjunctural and analytical chapters of EUR's Regional Economic Outlook) and a Senior Economist in the Fiscal Affairs Department (leading research for the Fiscal Monitor and the World Economic Outlook). During his period at the Fund, he has also worked on country-specific economic or fiscal issues in Senegal, Portugal, Costa Rica, Brazil, Croatia. the UK and the Euro area. He is the author/editor of 4 books and has published dozens of articles in different areas, including inflation spikes, reopening after the pandemic, automation, trade and value chains, fiscal adjustments, debt reduction, public investment, R&D and inequality. His articles have appeared in renowned journals such as British Medical Journal, Economic Policy, Public Choice, European Journal of Political Economy, Journal of International Money and Finance, Research Policy, Applied Economics, etc. Since joining the Fund in 2012, he is on special leave from his position as Tenured-Professor in the Department of Applied Economics at Complutense University, Spain. In 2009, the Ideas Foundation appointed him as the Executive Director of its think-tank for a 3-year period. Before gaining his tenure at Complutense University in 2007, he had been an assistant professor at George Washington University and the European University of Madrid. He had also been a 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 academic period he was several times a visiting scholar at the International Monetary Fund and a consultant for the European Commission. Between 2004 and 2006, he served as the Deputy Director of the Spanish Prime Minister's Economic Office. 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.
Email: CMULASGRANADOS@imf.org
Personal WebPage: http://www.carlosmulasgranados.com
Fluent In: French, Portuguese, Spanish.
Education:
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
Previous Experience:
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
Director of International Economics, Institute Complutense of International Studies (ICEI), 2007-2008
Member of the Cabinet of the European Commissioner for Economic and Monetary Affairs, 2000
Awards and Honors:
IMF / FAD Departmental Award for the Book on Political Economy, 2017
IMF Global Fund Award for Work on Inequality Issues, 2015
Gran Cruz de Isabel la Católica al Mérito Civil (Medal in recognition of civil merits conceded by the Ministry of Presidency), 2006
Jean Monnet-Uni2 Research Award for the best article in European Economy, 2002
Fellow of the Cambridge European Trust
Cajamadrid Fellowship for Postgraduate Studies in Europe
Social Science Research Council (SSRC) Fellowship in Applied Economics
La Caixa Foundation Fellowship for Graduate Studies in the United States
Institute Juan March Doctoral Fellowship (Center Advanced Studies Social Sciences)
IMF Books and Working Papers:
Exiting from Lockdowns: Early Evidence from Reopenings in Europe , Working Paper No. 20/218 , October 21, 2020
Automation, Skills and the Future of Work: What do Workers Think? , Working Paper No. 19/288 , December 20, 2019
Trade Tensions, Global Value Chains, and Spillovers : Insights for Europe , Departmental Paper No. 19/10 , June 12, 2019
Fiscal Politics , April 07, 2017
Non-Performing Loans in the ECCU : Determinants and Macroeconomic Impact , Working Paper No. 16/229 , November 17, 2016
The Blind Side of Public Debt Spikes , Working Paper No. 16/202 , October 14, 2016
Fragmented Politics and Public Debt , Working Paper No. 16/190 , September 19, 2016
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
iMFdirect Blog Posts
Public Opinion on Automation, IMFBlog, February 10, 2020
Tariff Shocks: The Role of Value Chains in Europe, IMF Blog, July 3, 2019
F&D articles
Politics and Public Investment, Finance & Development, Vol. 52, No. 4 (December 2015)
Getting Debt under Control, Finance & Development, Vol. 47, No. 4 (December 2010)
Selected Issue
"Fiscal Challenges of an Aging Population in Brazil", Selected Issues Paper (November, 2016)
"Strengthening Senegal's Fiscal Framework", Selected Issues Paper (January, 2015)
Other Published Materials
Books
Publications in Journals (Refereed)
“The Political and Economic Determinants of Budgetary Consolidation in the EU”, European Political Economy Review, Vol.1, No.1. pp: 25-49, 2003.