Searcher
Rafael Doménech
Rafael Doménech
Head of Economic Analysis
Madrid

Rafael Doménech is the Head of Economic Analysis of BBVA Research and Professor of Economics at the University of Valencia.

MSc in Economics, London School of Economics. PhD in Economics, University of Valencia. Director General at the Economic Bureau of the Spanish Prime Minister (2007-8). He also has been director of the International Economic Institute and member of the Advisory Board of the University of Valencia. External researcher of the Spanish Ministry of the Economy and Finance and the Fundación Rafael del Pino. He was appointed by the Spanish Government as a member of the Expert Committee on the Sustainability Factor of the Public Pension System.

Fellow of the Spanish Economy Association. He has been member of the editorial boards of the main Spanish journals in Economics. He has published numerous articles in well-known international scientific journals on economic growth, human capital, business cycles, and fiscal and monetary policies. He is author of two books on the Spanish economy: The Spanish Economy: A General Equilibrium Perspective (Palgrave MacMillan) and En Busca de la Prosperidad and La Era de la Disrupción Digital (Deusto).

Latest publications

Once the last reform decision did not restrict the increase in spending and did not eliminate the actuarial imbalance, the sustainability of the pension system will involve a constant increase in taxation and transfers from central government, increasing the burden on the younger generations.
The forecasts of the Stability Program point to a fairly strong recovery, with GDP growth above potential, but the public accounts suggest a cyclical improvement of the deficit rather than its structural component.
With rising energy prices, which are driving up inflation and dragging down economic activity, policymakers are facing some difficult dilemmas. This is the case with fuel subsidies in Spain and similar measures in other European countries.