Research Staff(alphabetical)

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 Pedro del Río López. The Banco de España is not responsible for their content.
Pedro del Río López
Division Head
International Economics Division
International Economics and Euro Area Department
DG Economics, Statistics and Research
Contact Information
- Address: Calle Alcalá 48, 28014 Madrid, España
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Contact form
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Personal web-page:
https://ideas.repec.org/f/pde1032.html
Fields of Interest
- International Macroeconomics
- Eastern Europe Economies
- Economic and monetary integration
JEL Codes
- E5, F0, F4, G2, O52
Curriculum Vitae
Selected Publications and Working Papers
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“Monetary policy strategy and inflation in Japan”
Fructuoso Borrallo and Pedro del Río López
Banco de España, Occasional Paper 2116.
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“Changing patterns of capital flows”
Report prepared by a Working Group of the BIS Committee on the Global Financial System (CGFS)
BIS CGFS Papers 66.
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“The Federal Reserve review of its monetary policy framework”
Susana Párraga, Pedro del Río and Juan Luis Vega
Banco de España, Analytical Article, Economic Bulletin, 4/2019.
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“Determinants and implications of low global inflation rates”
(1 MB)
Juan Carlos Berganza, Fructuoso Borrallo and Pedro del Río (2016)
Banco de España Occasional Paper 1608. Also in “International Macroeconomics in the Wake of the Global Financial Crisis”, eds. Laurent Ferrara, Ignacio Hernando and Daniela Marconi, Springer
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“The evolution of the exchange rate pass-through in advanced and emerging market economies”
Juan Carlos Berganza, Jaime Martínez, Pedro del Río and Patricia Sánchez (2018)
Latin American Journal of Central Banking, CEMLA (forthcoming)
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“World economic outlook for 2019”
(725 KB)
Esther Gordo and Pedro del Río (2019-05)
Banco de España Analytical Article, Economic Bulletin, 2-2019
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“Adjustment and growth prospects in the developed countries”
Ignacio Hernando, Pedro del Rio & Irene Pablos (2015-03)
Banco de España Economic Bulletin pp. 29-44
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“El uso de la orientación de expectativas o forward guidance como instrumento de política monetaria”
Sonia López & Pedro del Río (2013-12)
Banco de España Economic Bulletin pp. 53-67
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“El ajuste en los países bálticos tras la crisis financiera”
Daniel Garrote, Pedro del Río, Teresa Sastre & Eva Valdeolivas (2013-10)
Banco de España Economic Bulletin pp. 137-151
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“Boom-bust cycles, imbalances and discipline in Europe”
Enrique Alberola, Luis Molina y Pedro del Río (2012-02)
Banco de España Working Papers - 1220
Moneda y Crédito n.234, pp.169-205
JEL codes: G01, G15
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“Retos económicos, monetarios y financieros de los nuevos estados miembros de la Unión Europea”
José Viñals and Pedro del Río
Papeles de Economía Española, 2005 - 103, pp. 91-109
JEL codes: E5, F0, F4, G2, O52
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“Central Banks as Monetary Authorities and Financial Stability”
Alicia García-Herrero and Pedro del Río (2005-01)
Handbook of Central Banking and Financial Authorities in Europe - 2005, pp. 3-24
JEL codes: E5, F0, F4, G2, O52
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“La ampliación de la Unión Europea: la estabilidad macroeconómica, las reformas estructurales y el sistema financiero en el proceso de convergencia real”
Alicia García-Herrero and Pedro del Río (2003-08)
Información Comercial Española, Revista de Economía - iss. 809, pp. 135-52
JEL codes: E5, F0, F4, G2, O52
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“Financial stability and the design of monetary policy”
Alicia García-Herrero and Pedro del Río
Banco de España Working Paper nº 0315
JEL codes: E5, F0, F4, G2, O52
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“Convergencia real y nominal en la adhesión a la Unión Europea”
Alicia García-Herrero and Pedro del Río (2002-01)
Economía Industrial, 2002 - iss. 3, pp- 13-28
JEL codes: E5, F0, F4, G2, O52