Pilar Más Rodríguez
Pilar Más Rodríguez
Principal Economist

Pilar Más has spent a large part of her professional career in the Spanish Public Administration and, in particular, in the Ministry of Economy, where she held several management positions. She was Director General for Macroeconomic Analysis and International Finance, Director General for Macroeconomic Analysis and Executive Advisor at the Spanish Treasury.

She led the representation of Spain in the Economic Policy Committees of the European Union and of the OECD, as well as in the main multilateral banks, including the World Bank Group, the Inter-American Development Bank (IDB) and CAF-Development Bank of Latin America, among others.

She has been a Member of the Higher Statistics Council; of the Inter-territorial Commission for Development Cooperation and of the Board of Trustees of the Spanish Foundation for International Cooperation, Health and Social Policy. Member of the Management Board of the ‘Centro para el Desarrollo Tecnológico Industrial (CDTI)’, of the ‘Sociedad Estatal España. Expansión Exterior S.A.’ and of the ‘Comisionado del Mercado de Tabacos’;

She has a degree in Mathematics from the Complutense University of Madrid, a degree in Economics from the National University of Distance Education (UNED) and a Master´s degree in Public Management from the Institute for Fiscal Studies and the School of Industrial Organization (EOI). She is a member of the Higher Board of Central Government Statisticians.

In the academic field, she has been Associate Professor of Degree at Complutense University of Madrid and Associate Professor of Master Degree at University of Alcalá. She has been speaker in national and international conferences and seminars about economy and finance.

Latest publications

The COVID has been a great challenge, forcing to approve unprecedented measures. In Europe, monetary and fiscal stimuli prevented further economic drop but at the same time public accounts were hit. A clear budgetary plan and a suitable fiscal framework will be crucial to guarantee the sustainability of public finances.
U.S. fiscal plans are expected to boost demand in global markets, thus positively impacting global GDP. The “direct” impact on the Spanish economy is expected to be small, given Spain’s low trade and financial exposure to the U.S., but the “indirect” impact could turn out to be higher.
Despite the difficult global context brought about by COVID, the Spanish exports of goods maintained their export market destination and gained competitiveness and share in international trade. Outlook is favourable, although the uncertainty about the pandemic remains high and its impact on global activity is relevant.