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Research Staff

Picture of Pablo Hernández de Cos

Disclaimer. The Curriculum Vitae in this page, and any links from this page to websites outside of the www.bde.es domain, are the sole responsibility of Pablo Hernández de Cos. The Banco de España is not responsible for their content.

Pablo Hernández de Cos

Division Head
Economic Policy Analysis Division
Economic Analysis and Forecasting Department
DG Economics, Statistics, and Research

Contact Information

  • Address: Calle Alcalá 48, 28014 Madrid, España
  • e-mail:

Fields of Interest

  • No fields of interest specified.

JEL Codes

  • No JEL Codes specified.

Curriculum Vitae

Selected Publications and Working Papers

  • “Fiscal Consolidations and Economic Growth”
    Pablo Hernández de Cos and Enrique Moral
    Fiscal Studies - forthcoming
  • “What Drives a Successful Fiscal Consolidation”
    Pablo Hernández de Cos and Enrique Moral
    Applied Economic Letters - forthcoming
  • “Oil prices and their effect on potential output”
    Pablo Hernández de Cos and Ángel Estrada
    Applied Economic Letters - Volume 19, Issue 3, February 2012, pages 207-214
  • “Fiscal rules and federalism as determinants of budget performance: an empirical investigation for the Spanish case”
    Isabel Argimón and P. Hernández de Cos (2011-02)
    Public Finance Review - Volume 40. Issue 1. 2012
  • “Fiscal Policy, Structural Reforms and External Imbalances: A Quantitative Evaluation for Spain”
    Ángel Gavilán, Pablo Hernández de Cos, Juan F. Jimeno and Juan A. Rojas
    Moneda y Crédito - (forthcoming)
    JEL codes: E62, H30, J11
  • “The Economic Effects of Fiscal Policy: the Case of Spain”
    Francisco de Castro and Pablo Hernández de Cos (2008-09)
    Journal of Macroeconomics - 30, pp. 1005-1028
  • “The importance of being mature: the effect of demographic maturation on global per-capita income”
    Rafael Gómez and Pablo Hernández de Cos
    Journal of Population Economics - 21: 589-608. 2008.
  • “Does Population Ageing Promote Faster Economic Growth?”
    Pablo Hernández de Cos and Rafael Gómez
    Review of Income and Wealth - Series 54, Number 3, September 2008

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