2012 Thirsk-Feinstein PhD Dissertation Prize in Economic and /or Social History awarded by The Economic History Society, for his dissertation "Trading and financial market efficiency in 18th-century Holland".

The Prize was awarded during the Annual Conference of the Economic History Society (EHS 2012) held in Oxford on March 30th and April 1st.

Peter Koudijs is currently an assistant professor at the Stanford Graduate School of Business (Stanford University). ]]>
The award is sponsored by Dr. Geoffrey Hirt and is given annually to the best paper in Corporate Finance presented at the Midwest Finance Association Meetings. ]]> "ISI Rankings of the Spanish Universities according to Fields and Scientific Disciplines" for the period 2006-2010. The ranking's aim is to analyze the level of excellence in state and private Spanish universities in terms of scientific production.

Thus, according to the ISI Rankings, UPF leads the State in the field categorized as Economics, Business and Management, field represented by the Department of Economics and Business of the UPF.

The ranking is organized into 12 fields and 19 disciplines, and across 6 bibliometric indicators of production and impact analyzes the works published in the indexed journals which make up the database produced by Thomson-ISI, the journals with greatest impact and visibility at international level.

The ISI Rankings are made by researchers of the research groups on Science Evaluation and Scientific Communication (EC3) and Soft Computing and Intelligent Information Systems.

Reference work: Daniel Torres-Salinas, José García-Moreno-Torres, Nicolás Robinson García, Emilio Delgado-López-Cózar y Francisco Herrera. "Rankings ISI de las Universidades Españolas según Campos y Disciplinas Científicas (2ª ed. 2011)", El profesional de la información, noviembre-diciembre 2011, Vol. 20, nº 6, pp. 701-709. ]]> José García Montalvo and Marta Reynal-Querol, faculty of the Department of Economics and Business of the UPF, shows the connection between the level of education of political leaders of a country and its economic development. The main conclusion of the study published in The Economic Journal (August 2011) by Marta Reynal-Querol and José García Montalvo was that countries ruled by leaders with university formation thrive more than those governed by politicians without higher academic education.

In reaching this conclusion, the researchers analyzed data from all countries in the world and its leaders from 1875 since 2004. Their results applied to the Spanish State conclude that Spain has a weak political system that prevents the most qualified people from ruling the country.

The study is among the eight finalists works selected by the Scientific Advisory Committee of the Vanguardia of the Science Award, a joint initiative of Grupo Godó and Catalunya Caixa to support the research of excellence and to reward the best scientific research in the State during the 2011.

People who wish to participate in the Vanguardia of the Science Award, choosing one of the eight finalists nominated, can do it through the La Vanguardia website until February 29th, voting for the best scientific research in the State during 2011.

Reference work: "Do Educated Leaders Matter for Growth?" The Economic Journal, Vol. 121 Issue 554, pp. F205-F227. August 2011. DOI: 10.1111/j.1468-0297.2011.02448. ]]> Barbara Rossi has been granted Senior ICREA Research Professor position, which is awarded annually by the Catalan Institute for Research and Advanced Studies (ICREA). ICREA Senior Fellowships aim to boost and develop research and scientific, humanistic and technological knowledge in benefit of society. ]]> Ghazala Azmat has been awarded a Ramón y Cajal Fellowship, and Christian Matthes has been awarded a Juan de la Cierva Fellowship. ]]> Jordi Galí, Professor of the Department of Economics and Business of the UPF and Director of the Center of Research in International Economics (CREI), has been awarded the 2011 National Research Prize for his significant advances in Economics.

The National Research Prize granted by the Government of the Generalitat, through the Fundació Institució Catalana de Suport a la Recerca, recognizes a researcher who has recently contributed significantly and internationally to the advancement of a scientific discipline in all its areas: Humanities and Social Sciences, Life Sciences and Health, Engineering and Technology, and Experimental Sciences. The prize is funded with 40,000 Euros. ]]>
Barbara works in Time Series Econometrics, Applied International Finance and Macroeconomics. Alessandro works in Development Economics and Microeconometrics. ]]> Barcelona Graduate School of Economics (Barcelona GSE) has been recognized as one of eight top research institutions of excellence with an international impact in the framework of the Severo Ochoa Program, sponsored by the Spanish Ministry of Science and Innovation. The aim of the program is to identify and promote frontier research and distinguish those institutions that are defining the global scientific debate.

The benefits of the Severo Ochoa accreditation are: four million euros (one million euros a year for four years); preferential access to the best research facilities; improved access to other competitive calls; flexibility to hire new researchers; increased visibility and capacity for attracting sponsors.

The evaluation has been done by a selection committee composed of international researchers and led by three Nobel Prize laureates. The selection was focused on the examination of research activities and human resources, and the analysis of institutional outlook and projected results. ]]> Jordi Galí, Professor of the Department of Economics and Business of the UPF and Director of the Center of Research in International Economics (CREI), has been awarded the 2011 IEF Prize to the Financial Excellence Academic Career, for his long and brilliant academic dedication marked by quality, rigor and international renown.

The fourth edition of the Prize awarded by the Institute of Financial Studies (IEF) to the Financial Excellence will be held on October 24th in Barcelona, during a ceremony chaired by the Minister of Economy and Knowledge of the Government of the Generalitat de Catalunya, Andreu Mas-Colell. ]]>
List of the opening ceremonies of the Faculty of Economic and Business Sciences of the UPF ]]>
CNN World
The Atlantic
The Guardian
The World Street Journal ]]> Society for Economic Dynamics (SED) for the period 2012-2015.

He will be the first European President of SED, a scientific society for the advancement of economic science. The society's journal, Review of Economic Dynamics, has become one of the leading international journals in macroeconomics and the yearly SED meetings one of the main gatherings to present and discuss new findings, ideas and methods in macroeconomics. ]]> Awards for Quality of Teaching granted by the Board of Trustees of the UPF, 2011 edition:

Award for Teaching Initiative: Nagore Iriberri and Humberto Llavador.
Award for Teaching Activity in a degree: Walter García-Fontes and Frederic Udina.
Award for Teaching Activity in a master's degree: Pelegrí Viader. ]]> Barcelona School of Management. Josep Joan Moreso, the UPF Rector and Chairman of the Board of BSM, will inaugurate the first academic year of the new business school at UPF.

The inaugural lecture will be delivered by the architect Benedetta Tagliabue, who will talk about her concept of architecture based on three axes: innovation, internationality and creativity, values that also identify the vision of the Barcelona School of Management. ]]>
The Barcelona GSE is an Interuniversity Research Institute in economics attached to the UPF and the UAB, established in 2006 with the aim of promoting research and graduate-level education of excellence in economics. Its academic community is made up of four groups: the Department of Economics and Business of the Universitat Pompeu Fabra, the Unit of Economic Analysis of the Universitat Autònoma de Barcelona, the Institute of Economic Analysis (IAE-CSIC), and the Center for Research in International Economics (CREI).

The rankings are available in these links:

World ranking of departments

European ranking of institutions

Ranking of institutions in Spain ]]> Idescat).

Frederic Udina i Abelló (Barcelona, 1953) has a degree in Mathematics from UAB and a PhD in Mathematics from the Universitat Politècnica de Catalunya (UPC). From 1982 to 1990 he taught technology and mathematics in the UAB Department of Science Education and since 1990 has been professor of mathematics, probability and statistics in the Department of Economics and Business of the UPF.

At the UPF he has also held several management positions, such as deputy director of Academic Affairs at the Department of Economics and Business (2008-2010) or secretary of the College of Economics and Business (1990-2005), besides being head of teaching areas, among others.

He has published numerous articles in international journals and several books, including "Aritmética y calculadoras" (Síntesis, 1997). He has also done consulting work in statistics for Morgan Stanley (2006-2008). ]]>
In this intensive course, students from different nationalities were taught experimental methods and asked to develop their own experimental macroeconomic projects. This edition of the Summer School was followed by the 2nd LeeX International Conference on Theoretical and Experimental Macroeconomics, which took place on 10th and 11th June at the Ciutadella Campus of Pompeu Fabra University. Keynote speakers were Jean-Robert Tyran (University of Vienna) and Jordi Gali (CREI UPF). This two day conference was an effort to demonstrate that macroeconomics can also be an experimental discipline, which implied a strong collaboration between macroeconomic theorists and experimentalists.

Please click the link of the BLEESS 2011 webpage for further information. ]]> the Barcelona School of Management, based on experience gained during the years of teaching and research in the field of business, and thanks to the initiative of the Department of Economics and Business of the UPF and the IDEC.

The presentation of the Barcelona School of Management took place on June 9th in the Balmes building of the UPF, and was attended by the rector of the UPF, Josep Joan Moreso, and the Board of Directors of the new business school.

The Barcelona School of Management is a business school model that aspires to be an international leader in scientific production, knowledge transfer and training of new entrepreneurship of the 21st Century. Therefore, the Barcelona School of Management brings together the range of training in economics, business and public management, and it will start its work next September. ]]>
The authors start from the premise of how cultural traits are persistent over time. Their research confirms that xenophobia against the Jewish people has persisted in certain parts of Germany since the Middle Ages to the Nazis, that is, for over five hundred years.

Reference work: Nico Voigtländer and Hans-Joachim Voth, "Persecution Perpetuated: The Medieval Origins of Anti-Semitic Violence in Nazi Germany", Working Papers Series of the National Bureau of Economic Research, Working Paper 17113, June 2011. ]]> Fundación Banco Herrero 2011 edition has been awarded to Marta Reynal Querol, ICREA research professor and professor of the Department of Economics and Business of the UPF. This award, funded with 30.000 Euros, distinguishes the researchers younger than 40 years with an outstanding research career in the field of economic knowledge, business and social.

Marta Reynal Querol has earned this distinction for its innovative line of research focusing on economic development, ethnic and military conflicts.

The previous winners were:

2010: Jesus Fernandez Villaverde, BA in Economics and Law ICADE and PhD in Economics from the University of Minnesota.
2009: Pol Antras, BA in Economics from the Universitat Pompeu Fabra and PhD from the Massachusetts Institute of Technology (MIT).
2008: Diego Puga Pequeño, graduated in Economics from the Universidad Autonóma de Madrid and PhD from the London School of Economics (LSE). He has taught at the Universities of Toronto and as a researcher at the LSE and the CREI of the Universitat Pompeu Fabra.
2007: Luis Garican, graduated in Economics and Law from the Universidad de Valladolid, Master in Economic Research by the College of Europe in Bruges and PhD from the University of Chicago.
2006: Javier Suárez Bernaldo de Quiros, graduated in Economics from the Universidad Complutense de Madrid and PhD from the Universidad Carlos III de Madrid.
2005: Mauro F. Guillén Rodríguez, PhD in Economics and Business Administration from the Universidad de Oviedo and PhD in Sociology from Yale University.
2004: Roberto Serrano, graduated in Economics from the Universidad Complutense de Madrid and PhD from Harvard University. He has been visiting professor at the Universitat Pompeu Fabra.
2003: José Manuel Campa Fernández, BA in Economics and Law from the Universidad de Oviedo and PhD in Economics from Harvard.
2002: Xavier Sala i Martin, BA in Economics from the Universitat Autonòma de Barcelona and PhD in Economics from Harvard University. He is now a visiting professor at the Universitat Pompeu Fabra and professor of Economics at Columbia University. ]]>
- Majid Al-Sadoon: PhD Cambridge University. Teaching and Research Fields: time series econometrics theory and applications.

- Christian Brownlees: PhD University of Florence. Teaching and Research Fields: time series and financial econometrics

- Mircea Epure: PhD Universitat Autònoma de Barcelona. Teaching and Research Fields: management and accounting

- Filippo Ippolito: PhD Oxford University. Teaching and Research Fields: finance

- José Luis Peydró: PhD INSEAD. Teaching and Research Fields: banking, macroeconomics and international finance

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This edition of the IMEBE was structured in 5 full conferences and 150 presentations selected from more than 230 received proposals (the highest participation since the first edition of this event in 2005).

The full conferences were conducted by personalities with international prestige in the field of Experimental and Behavioural Economics. Also some of the highly specialized researchers from the Leex at the UPF participated in the meeting.

Please click the link of the IMEBE 2011 webpage for further information: IMEBE 2011 webpage ]]>
Apart from Peter Koudijs, the other six students chosen are:

Alex Wolitzky, Daniel Keniston and Mar Reguant, MIT; Kei Karwai, Northwestern; Alex Torgovitsky, Yale; Alessandra Voena, Stanford.

Access to the webpage of Peter Koudijs in the Job Market of the DEE: Job Market 2010-11 ]]> "Tesis en Xarxa" ]]>
Grants for research in social sciences from the Fundación Ramón Areces are awarded annually to enhance and understand the technological, economic and social reasons, among other things, to the globalization, as well as encourage the development of new projects to benefit the society and, ultimately, the international scientific community. ]]>
Download the pdf file with the article of La Vanguardia ]]>
This commission is formed by experts from several countries, including the Nobel Prize in Economy Thomas W. Amartya Sen. Its goal is to analyze the social determinants that have an influence on the health of the citizens in the different countries of the European Union. ]]>
Dowload the pdf file with the 2010 Scimago World Report ]]>
The European Business History Association (link below), was created in 1994. It gathers some three hundred scholars from all over the world that share their common research interest in European business history. Its main activity is the organization of an annual conference that has been running uninterruptedly since 1998. Although every conference is open to the best research done in European business history, there is also a conference theme that changes every year. The theme aims at focusing the research attention within and outside EBHA. The keynote speech and the prize for the best paper presented at the annual conference are also related to the theme. In Glasgow it was "Business beyond the firm". Next one will be focused on "Business, Finance and the State in 20th Century Europe: Crises and Transformation"; and the next to "Tensions between Global and Local". On top of its regular activities, EBHA organizes a doctoral summer school every other year, publishes a newsletter, awards prizes to the best doctoral dissertations in European Business history and supports research in the field.

Albert Carreras was a member of the first elected EBHA Council for the period 1997-2000. In 2004 he organized, jointly with Matthias kipping, the annual EBHA conference in Barcelona (16th-18th September 2004: http://www.econ.upf.edu/ebha2004/). He was elected again to Council membership for 2005-2008. In 2007 he was elected Vice-president for 2008-2009, and in 2009 he was elected President for 2010-2011. During his tenure he will chair the Glasgow 2010 and the Athens 2011 conferences, and he will supervise the preparation of the next one (Paris, 2012), jointly organized with the Business History Society of Japan.

He is also the current Chairman of the Research Council of the European University Institute, in Florence; Vice-President of the Spanish Economic History Association ("Asociación Española de Historia Económica") and a member of the External advisory Board of the Instituto de Ciências Sociais, in Lisbon. He is a member of the editorial board of the journals Business History, Enterprise and Society, Revista de Historia Económica - Journal of Iberian and Latin American Economic History and Revista de Historia Industrial.

Link to the EBHA webpage ]]>
The two day conference was an effort to demonstrate that macroeconomics can also be an experimental discipline, which will imply a strong collaboration between macroeconomic theorists and experimentalists. ]]>
1. Ana Valenzuela: Ph.D. in Marketing at the Universitat Autònoma de Madrid (1998), Marketing Postdoctoral Studies at the University of Berkeley, California (2001). She is presently a professor at the Baruch College de New York.
2. Larbi Alaoui: Ph.D. at the University of Pennsylvania. BS in Physics and in Mathematics, Minor in Economics, Massachusetts Institute of Technology, Research Msc. in Economics (merit), London School of Economics, 2004. Teaching and Research Interests: Microeconomic Theory, Applied Microeconomics, Decision Theory, Behavioral Economics.
3. Davide Cantoni: Ph.D. at Harvard University. Teaching and Research Fields: Primary fields: Economic History, Macroeconomics.
4. Christian Fons-Rosen: Ph.D. at the London School of Economics. Teaching and Research Fields: Primary Fields: Economics of Innovation, Labour Economics.
5. Christian Matthes: Ph.D. in Economics at the New York University. Teaching and Research Fields: Macroeconomics, Econometrics, Monetary Economics.
6. Luigi Pascali: Ph.D. in Economics at the Boston College. Teaching and Research Fields: Macroeconomics. ]]>
The awards of the Prizes of the Social Council to the Quality in Teaching and Transference of the Knowledge have been given during the opening act of the academic course 2008-2009. ]]>
Stefan Berger, NERA (Madrid).
Ines Bueno, Banco d'italia.
Ana Paula Cusolito, World Bank.
Davide Debortoli, University of California (San Diego).
Jose Dorich, Bank of Canada.
Andrea Christina Felfe, Universität St. Gallen.
Chiara Forlati, Ecole Polytechnique Fédérale de Lausanne.
Pilar Garcia, Erasmus University Rotterdam.
Sergi Lanau, Bank of England.
Aniol Llorente, California Institute of Tecnhology.
Abel Lucena, Universitat de les Illes Balears.
Benedetto Molinari, Universidad pablo de Olavide.
Elena Reutskaja, IESE Business School.
Julian Rode, Universität Mannheim.
Francesco Turino, University of Bologna.
Nico Voigtländer, UCLA Anderson School of Management.
Giorgio Zanarone, CUNEF.


Fabrizio Germano, Associate Professor at the Department of Economics and Business at UPF and Placement Director in the GPEFM this year congratulated the candidates on their successes. He considers them a testament to the great work of supervisors and graduate students, as well as the excellent support by the GPEFM office staff. These excellent results together with the talent of the students will help to raise the profile of the UPF graduate program in the future.

More information: http://www.econ.upf.es/eng/graduates/gpem/placement.htm

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IC: Medieval and Early Modern Europe (chair: Maxine Berg)
Economic fluctuations and the poor: some Lancashire evidence, 1630-80 Jonathan Healey (University of Oxford)

IIA: Business and Finance (chair: Colin Lewis)
The boats that did not sail: evidence on the sources of asset price volatility from an eighteenth century natural experiment Peter Koudijs (University Pompeu Fabra)

IIE: Economics of the Family (chair: Katrina Honeyman)
Child labour laws and the end of child labour in the US: evidence from American manufacturing censuses, 1900-20 Juan Manuel Puerta (University Pompeu Fabra)

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]]> Economia Urbana from 2002 to 2004. Presently he was a Senior ICREA Research Professor at UAB. Toni was one of the most promising young economists of Catalonia.

His scientific career was spectacular. In the last 4 years he had published in the Journal of Political Economy , American Economic Review (2), Journal of Economic Theory (2), Econometrica , Journal of Public Economics and International Economic Review, among others. He had articles pending of publication in Review of Economic Studies, Journal of Economic Theory and Journal of the European Economic Association. He was Associate Editor of the Review of Economic Studies, Journal of Economic Theory, Journal of the European Economic Association and Spanish Economic Review. He is survived by his wife, Goretti, and his two sons Yan and Tomàs, ages 6 and 3. His colleagues, friends and students will miss his creativity, enthusiasm, intelligence and passion.


OBITUARIO: IN MEMORIAN (Published in EL PAIS)

Antoni Calvó, el fulgor de la investigación

SALVADOR BARBERÀ y ANDREU MAS-COLELL 06/11/2007

Toni Calvó i Armengol se nos ha muerto de repente, sin aviso [el pasado sábado]. Lo tenía todo. Desde el calor y la simpatía que uno asocia con las personalidades más atractivas, a la brillantez, ambición intelectual, empuje y capacidad de trabajo que, como investigador económico, exhibía a raudales. En poco tiempo se había convertido en una de las figuras jóvenes más interesantes y reconocidas en el mundo académico de la economía, y ya estaba identificado (en los procesos selectivos del nuevo European Research Council, por ejemplo) como un componente clave de la nueva hornada de jóvenes economistas europeos. Era uno de nuestros líderes. Y era muy joven. Nacido en 1970 su carrera universitaria se inició en Francia, donde se graduó en l'Ecole Polytechnique y en l'Ecole de Ponts. Tras un breve paso por el mundo de los negocios su pasión por la investigación le llevó a un doctorado en la UPF (y en Paris), a la Universidad Carlos III de Madrid, y, desde hace cuatro años, a ser Investigador ICREA en la UAB.

Recibía constantemente cantos de sirena de los mejores centros europeos y de los EE UU. Esto nos hacía sufrir pero también nos enorgullecía por lo que suponía de reconocimiento hacia él, y nos animaba ver que los resistía, decidido a construir su carrera desde Barcelona. Su continuado ascenso solo podía ser detenido por la maldita circunstancia que lo ha conseguido.

Toni era andorrano y ejercía de tal. Mantenía tradiciones tan exóticas como la afición a la caza de la liebre en la nieve que practicaba con su padre. Por otra parte, continuaba una tradición familiar de acción civil y política: durante un tiempo fue embajador (no residente) de Andorra en Portugal, ahora lo era ante la OCDE. Trataba los temas económicos y sociales de su país con la seriedad y el rigor científico que le caracterizaban. Uno de sus artículos más conocidos publicado en una revista de máxima reputación, (El Journal of Political Economy) contiene un afinado análisis económico de una institución tradicional andorrana, utilizada como mecanismo de seguro contra incendios: la Crema. Como ciudadano de una tierra pequeña pero abierta, supo recoger lo mejor de todos los países y tradiciones que confluyeron en él. La referencia francesa le llevaba a lecturas poco comunes en otros economistas, su formación de ingeniero se complementaba con una amplia gama de referentes en sociología y filosofía, y todo ello convergía en una especial sabiduría para seleccionar sus temas de investigación. Había hecho suyo el estudio de las redes de conexión social y de su papel económico y eso le permitía poner en juego aquellos intereses y capacidades especiales, convirtiéndose así en uno de los autores más importantes en estos temas, hoy tan pujantes.

Toni era un maestro deseado. Consciente de la importancia de formar estudiantes, dirigía con éxito y gusto un número creciente de tesis doctorales, y ya estaba haciendo escuela. Su presencia atraía a investigadores y coautores de todo el mundo. El futuro académico de la economía en Barcelona y en España no será el mismo sin él. Su ausencia se notará durante muchos años, aunque sus amigos y colegas mantendremos vivos su espíritu y su memoria. Una memoria a través de la cual seguiremos unidos a su esposa, Goretti, a sus jóvenes hijos, y a sus padres, para quienes los testimonios de Toni como brillante investigador y profesor no pueden ser sino un detalle ante una trayectoria ejemplar como esposo, padre e hijo.

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John F. Nash (Princeton University)

Reinhard Selten (Laboratory Bonn University)

Rosemarie Nagel (Universitat Pompeu Fabra)

Axel Ockenfels (University of Cologne)

In order to know the approximate number of participants in the workshop, which also includes lunch (pica-pica), please write to nagel.rosemarie@gmail.com if you plan to attend no later than 9th of Nov. 2007.

Program

9:45-10:00 Welcome

10:00-11:00 Reinhard Selten: "Exchange Rate Experiments" (with R. Pope, J. von Hagen, J. Kaiser, and S. Kube)

11:00-11:30 Coffee break

11:30-12:15 Axel Ockenfels: "Designing eBay: Evidence from Field and Lab Behavior"

12:15-13:00 Rosemarie Nagel: "Beauty Contest in the Brain; a Neural Basis of Strategic Thinking" (with G. Coricelli)

13:00-14:00 Lunch

14:00-14:45 John Nash: "The Agencies Method for Coalition Formation in Experimental Games" (with R. Nagel, A. Ockenfels, and R. Selten)

14:45-15:00 Closing discussion

Rosemarie Nagel and Axel Ockenfels: Organizers http://www.econ.upf.es/~nagel/html/ http://ockenfels.uni-koeln.de/ ]]> "The Impact of Trade on Technology and Skill Upgrading: Evidence from Argentina".

The EEA grants this honorific award to the authors of outstanding papers singled out by the Programme Committee at the annual congress.

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From the booklet's foreword:

"It's just a listing, a bare-bones description of the research in our department. But it reaches the core of what the department has been and shows what's in store for the coming years: A powerful diagnostic tool.

But above all the booklet is a celebration. A joyful occasion to mark a very happy event. We have reached adulthood and we invite you to the party".

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The paper explores first the structure of bank finance and market finance of an economy and then turns to analyse the impact of capital regulation on bank funding and the cost of credit. We show that multiple equilibria exist, so that the impact of monetary policy could be difficult to predict if it leads to a switch from one equilibrium to another.

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Hogarth is ICREA Research Professor in the Department of Economics and Business at UPF, a position he has held since 2002.

Previously, he was the Wallace W. Booth Professor of Behavioral Science at the University of Chicago's Graduate School of Business where he served as Deputy Dean from 1993 to 1998. Hogarth was a member of the Chicago faculty from 1979 to 2001 prior to which he held appointments at INSEAD in France and the London Business School. He earned his MBA from INSEAD (1968) and his Ph.D. from the University of Chicago (1972). His research has focused mainly on the psychology of judgment and decision making and he has published several books (including Judgement and Choice, Wiley, 2nd ed., 1987) and many articles in leading professional journals (e.g., Psychological Bulletin, Psychological Review, Management Science, Journal of the American Statistical Association, Journal of Risk and Uncertainty). He is a past President of the Society for Judgment and Decision Making (in the USA) and President-elect of the European Association for Decision Making. His most recent book, Educating Intuition, was published by the University of Chicago Press in 2001.

]]> Vicente Cuñat, finance professor of the Department of Economics and Business of the Universitat Pompeu Fabra has been awarded with the Jaime Fernández de Araoz prize for an article entitled "Globalization and the provision of incentives inside the firm" written jointly with Professor María Guadalupe of Columbia University.

The prize, sponsored by Banco Santander and Universia, has the objective to contribute to the development of corporate finance knowledge, both from a research point of view but also from the point of view of practitioners.

The research associated to the prize is an empirical study of how do firms shape their executive pay policies to the competitive environment in which they operate. The results show that those firms that face higher international competition pay higher average salaries, associate more pay to performance, have a higher wage dispersion within the firm, have a higher demand and reward for talent and are more aggressive in their firing and hiring policies. Overall, the results point out in the direction that the sensitivity of firm performance to the correct or incorrect decisions of its employees grows with international competition, being the reaction of the firms to offer a higher demand and reward of their effort and ability.

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Since 2003, the Lamfalussy Fellows programme grants five fellowships that are aimed at promoting high-quality research on the structure, integration and performance of the European financial system. http://www.eu-financial-system.org/fellowships.html

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1. Gert Cornelissen, currently finishing his Ph.D. at the Catholic University of Leuven, Belgium, has interests in Marketing and Consumer Behavior and has a paper accepted for publication in the Journal of Economy and Management.

2. Albrecht Glitz has been a Ph.D. student at the Department of Economics at University College London (UCL) since 2002. He undertook his undergraduate studies at the Westfälische Wilhelms-Universität in Münster, Germany, from where he graduated with a B.Sc. in Economics. Subsequently he went to UCL where he obtained his M.Sc. in Economics in 2001. He was a Visiting Researcher at the University of California at Berkeley in 2004/2005. His teaching and research fields are Labour Economics, Applied Microeconomics, Applied Econometrics and Microeconometrics. His current research focuses on the impact of immigration on the German Labour Market.

3. Joan de Martí has a degree in Mathematics from the Universitat de Barcelona and is finishing his Ph.D at the Universitat Autònoma de Barcelona. His primary fields are Applied Microeconomics, Microeconomic Theory, Game Theory, Networks in Economics and Theory of Organizations. He has a paper (jointly with Antoni Calvó) forthcoming in the American Economic Review (Papers and Proceedings).

4. Omiros Papaspiliopoulos is a Ph.D. in Mathematics (2003) from Lancaster University, England, with Gareth Roberts as supervisor. He is presently a Lecturer in Statistics at the University of Warwick, England. His research interests lie in the Intersection of Probability Theory, Statistical Inference and Statistical Computation. Much of his research is motivated and directed towards applications in Financial Econometrics. Papaspiliopoulos has already published six papers in academic journals, two of them in the Journal of the Royal Statistical Society.

5. Augusto Rupérez-Micola is a M.Sc. in Energy Economics from the Norwegian School of Management (BI) and a Ph.D in Decision Sciences (2006) from the London Business School. He is presently a Research Fellow at the Institute for Management Development (IMD) in Lausanne. His research interests are Agent-Based Modelling, Business Strategy, Decision Science, Applied Econometrics and Energy Markets. Rupérez-Micola was recently awarded the Hans Jürgen Ewers Prize in applied Infrastructure Economics research for his PhD thesis. He is co-author of several books chapters, has a paper published in Energy Economics and two forthcoming in the Journal of Economic Behaviour and Organization.

6. Carmit Segal is a M.Sc. in Physics from the Tel Aviv University and did her Ph.D. in Economics at Stanford University with Ed Lazear. She is presently a Postdoctoral Fellow of Business Administration at Harvard Business School. Her primary fields are Labor Economics, Experimental/Behavioral Economics and Personnel Economics. Her research has focused on the role of non-cognitive skills for economic outcomes (see http://www.people.hbs.edu/csegal/). Her paper "Classroom Behavior," is forthcoming in the Journal of Human Resources.

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Organised under the high patronage of the European Commission, the World Health Care Congress Europe is the only major international forum where over 500 health leaders share best practices and successful initiatives for improved delivery and outcomes in Europe. Thought leaders include Health Ministers, leading government officials, hospitals directors, IT innovators, decision makers from public and private insurance funds, pharmaceutical and medical device companies, and health care industry suppliers.

A three-day networking opportunity, the event features visionary keynote addresses, controversial debates, dynamic panel discussions, case studies, tutorials and informal roundtable discussions.

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Antoni Sureda-Gomila (Manacor, 1978) earned his BSc in Mathematics at the Universitat Politècnica de Catalunya (class of 1996-2000) and his MSc in Economics at UPF (class 2002-2003). Currently he is a PhD candidate at UPF Graduate Program in Economics, Finance, and Management (GPEFM) and enjoys a FPI grant from the Spanish Ministry of Education and Science. Last year, Sureda spent six months at the Economics Department of Harvard University working on his dissertation, "Essays on the behaviour and regulation of Insider Trading".

The Fundación Banco Herrero annually issues 10 grants to promote scientific research in social sciences. A couple of years ago, Judit Monturiol, another GPEFM student who currently has a position at Univesitat Autònoma de Barcelona, also received one of these grants.

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The courses are aimed at graduate students specializing in macroeconomics, as well as faculty members or researchers willing to brush up their knowledge of the field and expose themselves to the latest advances in academic research. During the courses, the BMSS faculty will be available to participants for discussion of research ideas and projects. Since its beginnings, BMSS has been very popular with foreign researchers. Last year's edition, for example, attracted some 130 economists and only 15% of these were affiliated to Spanish institutions, with the rest working for European Union or international institutions.

Jordi Galí, director of and researcher at CREI, considers that "BMSS is a pioneering event and unique in this country both in regard of a number of editions held and also the advance level of the courses imparted". Galí add "the courses are aimed at experts in macroeconomics such as people who work at universities, central banks, government agencies, and year after year, we are surprised by the great number of applications received". At the 2006 edition, 47 researchers were from universities, 49 from central banks, 15 from private companies, 13 from government agencies and 5 from research centres.

For further information: http://www.crei.cat/activities/bmss/2007/bmss_2007.htm

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Alessia Campolmi,Central European University and Central Bank of Hungary (Budapest, Hungary).
Irina Cojuharenco,Universidade Catolica Portuguesa (Lisbon, Portugal).
Stefano Gnocchi, Universitat Autònoma de Barcelona (Bellaterra, Spain).
Judit Montoriol, Boston Federal Reserve (Boston, USA).
Ricardo Nunes, Federal Reserve Board of Governors (Washington DC, USA).
Oscar Andrés Nupia, Universidad de los Andes (Bogota, Colombia).
Carsten Sprenger,International College of Economics and Finance (Moscow, Rusia).

Joachim Voth, Economics Professor at the Department of Economics and Business at UPF and Placement Director in the GPEFM this year congratulated the candidates on their successes. He considers them a testament to the great work of supervisors and graduate students, as well as the excellent support by the GPEFM office staff. These excellent results together with the talent of the students will help to raise the profile of the UPF graduate program in the future.

More information: http://www.econ.upf.edu/eng/graduates/gpem/job_market.html

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The intensive 5-day summer school will be offered at Universitat Pompeu Fabra from June 18-22, 2007. Students will be taught experimental methods and exposed to a number of macroeconomic applications that have been tested experimentally. Students will be asked to participate in experiments and to develop their own experimental macroeconomic projects. Faculty will assist with and critique these projects.

Professors to summer school in experimental macroeconomics are John Duffy (University of Pittsburgh, USA), Frank Heinemann (Technische Universität Berlin, Germany) and Rosemarie Nagel (Universitat Pompeu Fabra, Barcelona, Spain).

The deadline for applications is 15 April 2007. More information in http://leex.upf.edu/bleess07.htm

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Garcia-Milà, who gained a doctorate in 1987 from the University of Minnesota, has been professor at the Department of Economics and Business of UPF since 1995 and researcher at Centre de Recerca en Economia Internacional (CREI) since 1999. Amongst other positions, Garcia-Milà is also advisor to Enagas, economic coordinator at Agencia Nacional de Evaluación y Perspectiva (ANEP) and member of the board of directors of the Cercle d'Economia.

For the shareholders who attend the general meeting on March 29, the appointment of Garcia-Mila will not be the only news. The financial group, presided by Josep Oliu, will propose splitting the shares by a proportion of 4 to 1, trying to give the shares greater liquidity and also hoping to attract new shareholders. With this split, the nominal value of a Banc de Sabadell share will change from 0.5 euros to 0.125 euros.

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Canova's book which he worked on for 4 years, was released at the beginning of February and it makes a significant contribution to macroeconomic inquiry with the introduction of a comprehensive, unified set of techniques to approach the problem of estimating economic models and testing whether they are adequate for policy purposes. It is unique in that it begins with a Dynamic Stochastic General Equilibrium, then finds an approximate linear representation for the decision rules and describes methods needed to estimate their parameters, examining their fit to the data.

Of his new work, Canova says "it is somewhat unusual because it combines materials from different fields and tries to give practical hints that people do not usually find." As a result, the book is especially useful to economists in academia as well as professional macroeconomists in banking and finance, industry, and government.

Commenting on Canova's new work, Thomas Sargent of New York University says, "This book is unprecedented among econometrics books for the way it incorporates careful and sophisticated macroeconomic theory. It is unprecedented among books on dynamic macroeconomics for its level of practical statistical advice and econometric sophistication. There is simply nothing close to this book available."

Canova received his PhD in Economics from the University of Minnesota in 1988 and is involved with research in Monetary Economics, Time Series Economics and Forecasting, and Growth Policies. In 1998 he was inducted into the Econometric Hall of Fame (Econometric Theory), and in 1999 was inducted into the Applied Econometric Hall of Fame (Journal of Applied Econometrics).

Currently, Canova is an ICREA (Catalan Institute for Research and Advanced Studies) Research Professor at Pompeu Fabra University (UPF) in Barcelona and a Fellow of the Center for Economic Policy Research in London. He is a member of the Academic Committee and Director of the GPEFM PhD Program at the Department of Economics and Business of UPF, one of the two reference PhD programs of the future Barcelona GSE.

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The Spanish Economic Association was founded in 1996 with the main goal of promoting and disseminating scientific knowledge in Economics through congresses, publications, and other activities. One of its annual events is the Economic Analysis Symposium, designed to bring together researchers from around Spain to share ideas and collaborate. The last symposium was held December 14th-16th, 2006 in Oviedo, Spain.

At the Symposium, the Association organizes a concurrent Job Market for Research Economists, designed to announce job opportunities in the field of economics and put available candidaters in touch with potential employers in the international market.

A main responsibility of the Spanish Economic Association is the publication of the Spanish Economic Review, a quarterly journal covering the latest research and development in all areas of economics. Past editors of the journal include Barcelona GSE Affiliated Professors Salvador Barberà and Jordi Caballé.

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At the prize-giving ceremony, Jaume Puig-Junoy said that Health Economy contributes towards improving the quality of health services by strengthening the decision-making process in the corresponding public policies. Puig-Junoy added that "within the health sector, the most important investment is in human capital and we must take into account the age and health distribution of a country's population". Furthermore he insisted on the need to evaluate medical technologies and medicines according to the life expectancy and quality of life of patients, so as to garantie and improve their welfare.

Professor Jaume Puig-Junoy gained his doctorated in Economics at the Universitat Autònoma de Barcelona in 1991 with a doctorated thesis entitled "Growth, employment and technology in the Spanish hospital sector", a work which was published under this title by Generalitat de Catalunya in 1993. Between 1983 and 1991, he occupied various posts in Catalan Public Health Administration. In 1992 he joined the Department of Economics and Business of UPF, initially as a visiting professor and from 1999 onwards as a professor of Economics.

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Economists have recently turned their attention to the effects of terrorism. One much debated effect of terrorist attacks is its impact on the results of democratic elections. José Garcia Montalvo uses the electoral consequences of the terrorist attacks of the 11-M in Madrid to analyze this issue. He considers this particular experiment since the attack took place only three days before the 2004 Congressional Election, which allows the use of credible identification criteria. In particular, he uses the advance voting by Spanish residents abroad, who cast their vote before the terrorist attack, to identify the effect of the bombing. He exploits this macabre natural experiment to run a difference-in-differences estimation using data on three consecutive Congressional elections. His empirical results indicate that a terrorist attack can have a large impact on the outcome of democratic elections.

With this subject of great social interest, the Department of Economic and Business of UPF has reached the landmark of a 1,000 working papers. Over the 16 years of the department's existence, professors and visiting professors of the department have written a thousand studies covering very different subjects with economic research as the bases of theses projects.

1000 working papers in such a short time represents an important volume of research. Taking into account this short period of existence and the number of its professors, the Department of Economic and Business of UPF is one of the most productive in Spain and Europe in terms of quality economic research. In the latest edition (December, 2006) of the Spanish Economic Review, there appears a ranking of the scientific production of the Economics Departments in Spain and the Department of UPF holds first place in accordance with all three established methodologies. After UPF, in this ranking come Departamento de Economía de la Universidad Carlos III de Madrid and Departament d'Economia i Història Econòmica de la Universitat Autònoma de Barcelona, in either 2nd. or 3rd. place depending on methodology applied in establishing the classification.

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Ghazala Azmat and Libertad González received funding for their project "The Effects of the Spanish Tax Credit for Mothers on the Labor Supply and Fertility of Immigrants". This project's goal is to evaluate the effects of the 2003 reform in the Spanish income tax on fertility and female participation, with a focus on the differential effect on native versus immigrant women.

The project by Libertad González and Francesc Ortega, "How Have Spanish Regions Adjusted to Recent Immigration?", seeks to understand how the Spanish economy has adjusted to recent immigration flows, focusing on labor market effects, sectoral composition and technology adoption.

The two projects were presented at the first INSIDE Workshop, which took place at the Institute for Economic Analysis, CSIC, on January 12, 2007. The workshop gathered together some of the leading scholars in the analysis of the economic causes and consequences of immigration in Spain. The keynote seminar was given by Gianmarco Ottaviano, from the University of Bologna.

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According to the three different methodologies which have been proposed to rank European economics departments with respect to scientific production, this study reports that the DEB-UPF is ranked first during the period 1985-2004 and more recent subperiods within this larger period (even despite the fact that it started operation in 1991).

With respect to individual researchers based in Spanish institutions, even despite the fact that the study is run only until 2004, eight researchers which hold or have held positions at the DEB-UPF appear as the most productive and cited : Fabio Canova, Jordi Galí, Albert Marcet, Andreu Mas-Colell, Ramon Marimon, Massimo Motta, Gilles Saint-Paul and Xavier Sala i Martin.

More information:

http://pareto.uab.es/wp/2006/66606.pdf ]]> Georgetown University (Washington DC, United States), a position he will hold during the 2007-2008 academic year. Albert Carreras will teach three courses in undergraduate and graduate programs at the highly renowned Edmund A. Walsh School of Foreign Service.

The chair is attached to the BMW Center for German & European Studies, a center of excellence, within the Edmund A. Walsh School of Foreign Service, funded in 1990 thanks to a grant from the German Government, and dedicated to interdisciplinary studies on European issues. In this framework, he will be expected to promote the study of Spain's economy and history within a broader European, American and international context.

Albert Carreras was selected for the post among the pool of applicants: Spanish university professors from the humanities and the social sciences, broadly considered, with teaching and research experience in an English-based environment. The selection committee included two professors from Spanish Universities nominated by the Spanish Education and Science Minister, the vice-chancellor of a Spanish University, two professors from Georgetown University and a representative of Fundación Endesa. This committee proposed a short list to Georgetown University, from which Albert Carreras was chosen.

The Prince of Asturias Distinguished Visiting Professorship at Georgetown University, the outcome of the 1999 agreement between this university, the Spanish Education and Science Ministry and Fundación Endesa, has two main goals. Firstly, it aims to provide this university's students with the opportunity to improve their knowledge of Spain. Secondly, it aims to create a permanent Chair capable of developing teaching, research, seminars, conferences and exhibitions related to Spain. The academic scope of the Chair encompasses economics, history, humanities, international relations, political science and sociology.

]]> 'Efectos y abordajes de la dependencia: un análisis económico', David Casado, professor at the Department of Economics and Business, studies the consequences that the ageing population might have on the finantial stability of public pension plans and healthcare. As it happens, the publication of this book coincides with the implementation of the new 'Llei de Dependència', a state act which, from now until 2015, will provide help and facilities to those people who are unable to look after themselves.

Over the last few decades, the population of developed countries have experienced an unprecedented process of ageing. The reason for this are common to all countries. Firstly, a marked drop in the birth-rate, and also a longer life-span due to factors such as medical advances and improved nutrition and living conditions. The challenge we now face is how to efficiently manage the available public services to address the new social situation.

Casado's book analizes the key questions we must consider to achieve optimum management of health care resources. The phenomenon of the ageing population creates a heavy dependence on the public health system which, in turn, has a great impact on public health funding.

'Efectos y abordajes de la dependencia: un análisis económico' is the 18th title of a collection about Health Economics and Management, directed by Vicente Ortún from CRES ( Reseach Center on Economy and Health). The collection, currently published by Masson-Elseiver and with a print-run of 3.000-4.000, aims to disseminate research applied to problems of health policy and management with an European perspective. Often, these are collective works which include the participation of well-known academics from other countries under the direction of a CRES member.

CRES, which belongs to Department of Economics and Business, aim is to develop a better understanding of the linkage between Health and Economics, from an academic perspective. The claim is to help somehow in the improvement of Health Services Management and Health Policy.

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The project, which is initially planned for 3 years, aims to analyse the impact of gender inequality regarding access to human capital (health and education) on economic development. The research is based on comparative data and analysis from Latin America, Northern Africa, Europe and Asia during the 20th. Century. This project, which bears the title "Gender, human capital and inequality: a comparative perspective", will be a continuation of the three Working Papers that Enriqueta Camps wrote during her leave at Harvard: 1.Globalization and wage inequality in South and East Asia, and Latin America: a gender approach (joint with M.Camou, N.Mora-Sitja, S. Maubrigades). 2 Poverty and children's work in 19th. and 20 th. century Spain and nowadays developing countries. First results. 3 "The impact of women's educational and economic resources on fertility. Spanish birth cohorts 1901-1950" (joint with P. Baizán).

The working group, headed by Enriqueta Camps from UPF, is formed by Li Han from Harvard University (USA), Natàlia Mora-Sitja from Cambrigde University (United Kingdom), Jordi Domenech from York University (United Kingdom), Angelique Janssens from Radboud Universiteit Nijmegen (Netherlands), Maria Camou and Silvana Maubrigades from Universidad de la República (Uruguay).

Abstract of the project

Equity in access to consumer foodstuffs, health services and education are fundamental to the development of women's capabilities, their freedom and empowerment, and their economic decision-making, something important to understand the final market power of women. These are crucial towards guaranteeing a greater welfare and well being in the marriage contract and family life.

Not only does women's health and education act in their own benefit but also in that of their children. The mother's education is fundamental to the formation of new human capital. Less quantity and more quality of younger generations are key factors to stimulate the economic growth of poor countries. Women's education, therefore, is one of the means to escape from the poverty trap. However this process is complex and the ways of promoting women's and girl's education depend on the culture of each country, which is why the project has a comparative approach. The project also aims to further study the impact of globalization on women's final market power. Globalization, in promoting market exposure is contemporaneously a means to increase market power. This last fact is the reason why not gendered measures of waged income inequality decrease as a result of globalizing forces.

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Joaquín Almunia, European Commissioner for Economic and Monetary Affairs, will head the schools board as President of Honour. Hugo Sonnenschein, former President of the University of Chicago, has been appointed as President of the Scientific Council and the Political Scientist, Eduard Vallory, will serve as Managing Director.

Andreu Mas-Colell, President of the Barcelona GSE and Professor of Economics at the Pompeu Fabra University, feels the initiative is great news for Barcelona: "the city has found its place within in the highest tier of Economics education. The Barcelona GSE is set to be a world class institution of the highest esteem".

Mas-Colell stresses: "Barcelona GSE will embody four key values: academic excellence, a favourable environment, competitive costs - in comparison with other similar programmes in Europe - and finally, the innovative dynamism of a young institution with optimum potential for growth".

At the outset Barcelona GSE will offer five Masters Programmes, aimed at international graduates preparing for a career in management, or wishing to pursue a career in academic research. The Masters Programmes will be taught full time over the course of a year.

The Masters course programmes for 2007/08 will be announced this December. It is hoped that over the next five years a further fifteen Masters Programmes, focused around Economics and Social Sciences, will be established at Barcelona GSE.

The establishment of Barcelona GSE was feasible only with the support of a number of public and private bodies. The board will be composed of representatives from these organisations. They include: The Pompeu Fabra University (UPF), The Autonomous University of Barcelona (UAB), The Superior Council of Scientific Research (CSIC), The International Economics Research Centre (CREI), The Agbar Group, Banc Sabadell, Caixa Catalunya, "La Caixa" and the FemCAT Foundation.

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The awards ceremony was held on the 18th. of October and brought together over 200 accountants at Casa Llotja de Mar in Barcelona. The ceremony, organized by ACCID and La Cambra de Comerç de Barcelona, also included the conference entitled Nou Pla General de Comptabilitat: principals canvis i impacte en lempresa catalana by Oriol Amat, vice-president of ACCID and professor at UPF.

Llorenç Bagurs thesis
This thesis studies the techniques related to management accounting currently used in local corporations and examines why these organizations do not use the available accounting tools. The thesis shows that local corporations can operate more efficiently with the implementation of said tools and also offers a model to follow in order to improve the chances of success of these management techniques.

Josep Lluís Boneds thesis
Spanish public universities are undergoing great demographic, economic and social changes. And also they have to standardize their qualifications according to pan-European criteria. These changes should affect systems of management and organization which have traditionally been unreliable and difficult to adapt. Given this situation, the thesis studies current management systems employed by these institutions and examines which factors contribute to the success or failure of their implementation. ]]>
Born in France in 1953, Jean Tirole achieved his doctorate in Economics at MIT (1981) and has become a scientist of great international acclaim. His research stands out, above all, for the influence it has had on the decision-making processes of the majority of regulatory bodies, public administrations, consultancies and international private companies.

A great expert on regulation, his papers have made it easier to understand the workings of markets with imperfect competition and how efficient regulations should be designed. In some European Countries, such as Spain, Tirole has advised on how to introduce competition into sectors such as electricity or telecommunications, which have traditionally been dominated by monopolies.

Recently Tirole has embarked on a new line of research which attempts to define the relationship between psychology and economics. He analyses human behaviour from the perspective of economic theory.

Tirole has written over a hundred papers for the most prestigious economic and financial publications in the world and has also written eight books which have become reference manuals in all economics faculties. His most outstanding books include The Theory of Industrial Organisation, Game Theory (with Drew Fudenberg), A Theory of Incentives in Procurement and Regulation (with Jean-Jacques Laffont), The Prudential Regulation of Banks (with Mathias Dewatripont), and Competition in Telecommunications (with Jean-Jacques Laffont).

He has received numerous awards for his research into the theories of regulation and incentives. Tirole was president of the Econometric Society (1998) and of the European Economic Association (2002). Besides, Jean Tirole received a Doctorate Honoris Causa from the Free University in Brussels in 1989, the Yrjö Jahnsson prize of the European Economic Association in 1993, and the Public Utility Research Center Distinguished Service Award (University of Florida) in 1997. He is a foreign honorary member of the American Academy of Arts and Sciences (1993) and of the American Economic Association (1993). He has also been a Sloan Fellow (1985) and a Guggenheim Fellow (1988). ]]>
The IEHA Conference, held every four years, offers three prizes: Best Doctoral Thesis on 20th century Economic History, Best Doctoral Thesis on 19th century Economic History and Best Doctoral Thesis on Medieval and Modern Economic History. All the theses presented must have been written in the four years previous to the congress. In the latest edition 60 theses were presented, 20 per category. The judges select a short list of 4 theses per category which must then be presented publicly by their authors at the conference. Finally, a panel decides on the three winning theses. Rubio won the 20th century category.

Mar Rubio's doctoral thesis, read at the London School of Economics in 2002, is based on the study of national accounts of two petrol-producing countries, Mexico and Venezuela, over the 20th century. The thesis aims to be a pioneering examination of the efficiency and utility of environmental accounting as a tool of long-term economic analysis.

Environmental accounting demonstrates that prosperity based on the exhaustion of natural resources may well be a mirage. Traditional national accounts ignore the fact that natural resources stocks are diminishing. From an environmental perspective, this omission tends to exaggerate incomes, encourages unsustainable consumption and gives a false impression of the economic health of these countries. Furthermore, the history of petrol-producing countries is full of references based on widely different premises, which come to conclusions similar to those recently reached with environmental accounting. The thesis is the result of combining these two literatures and taking advantage of the resulting synergies. ]]> Consolidating Economics (CE) project will receive a grant of six million euros over five years to consolidate and enhance the impact of economics research carried out by researchers affiliated to Spanish institutions within an international academic context.

This research project is the only one of seventeen proposals selected by the Spanish Ministery of Education and Science in the field of social sciences. The Spanish Ministery of Education and Science has created the Consolider-Ingenio 2010 program, aimed at leading Spanish research groups, to substantially improve the R+D situation in Spain.

In particular, the CE project hopes to achieve an increase of 25% -over the next five years- in the bibliometric impact of papers written by members of the group in comparison with the previous five years. This will be a considerable challenge if we take into account that members of the CE group were responsible for writing the great majority of the 58 papers originating from Spain and published in the five most prestigious economics journals in the word during the period 2001-2005.

Another important aim of the group is to develop the Barcelona Graduate School of Economics, an institution intended to promote postgraduate studies in economics in order to lead Europe in this field and attract the best students and researchers in the world.

Therefore, to promote, project and organize Spanish economics research will be the basic tasc of Consolidating Economics, a project coordinated by Andreu Mas-Colell and comprising researchers from the following institutions and groups:

· Departament d'Economia i Empresa (UPF)
· Centre de Recerca en Economia Internacional (CREI, UPF)
· Grups de Dret i Sociologia de la Universitat Pompeu Fabra
· Unitat de Fonaments de l'Ànalisi Econòmic (UAB)
· Institut d'Ànàlisi Econòmic (IAE, CSIC, Barcelona)
· Departament de Fonaments de l'Ànalisi Econòmic, Universitat d'Alacant
· Centro Sector Público-Privado de l'IESE, Barcelona
· Ciències Polítiques (CSIC, Barcelona)
· Departament d'Economia, Universitat Carlos III de Madrid
· Departament d'Empresa, Universitat Carlos III de Madrid
· Departament d'Historia Econòmica, Universitat Carlos III de Madrid
· Centro de Estudios Monetarios y Financieros (CEMFI, Madrid)
· Fundación de Estudios de Economía Aplicada (FEDEA, Madrid)

For more information, see the following report: "La contribución reciente de 'Consolidating Economics' a la investigación en economía" (pdf document, 21 pages). ]]>