Agustín García
Agustín García
Principal Economist

Agustín García Serrador joined the Europe Unit of BBVA Research in June 2008. Currently, he is the Head Economist in the Global Economic Scenarios Unit where he handles macroeconomic analysis of the eurozone as a whole, as well as of its main members and the United Kingdom. He also helps analyse the main factors and consistency of the global situation.

Previously, he was the macroeconomic coordinator of BIAM at the Flores de Lemus Institute in Carlos III University in Madrid as well as a professor of Macroeconometrics and Applied Economy at CEU San Pablo University. He also taught master’s programmes in both of these universities.

Macroeconometrics and monetary and tax policy research in the eurozone with publications in Applied Economics, Oxford Bulletin of Economics and Statistics and Journal of Forecasting.

He has a Bachelor’s Degree in Economy and won a National Award for Excellence in Academic Performance in 2002, and he earned a Diploma for Advanced Studies from CEU San Pablo University, for which he also received the 2004 Youth Prize from the Complutense University of Madrid.

Latest publications

The ECB, as expected, left its benchmark interest rates and broader policy guidance unchanged, but surprised boldly by announcing a significant step up of asset purchases under the PEPP next quarter. The decision was a clear response to the recent increase in bond yields.
The ECB action was broadly in line with what we were expecting (somewhat to the lower bound) announcing a package of further accommodative measures. Moreover, the central bank reaffirmed its readiness to adjust its instruments further if needed (as risks remain tilted to the downside).
Against this background, we expect now the ECB to announce a bold package by December, which would include another PEPP expansion, recalibration of liquidity provisions, and modification to the tiering system