Maria Luengo-Prado is an associate professor of economics at Northeastern University where she teaches macroeconomics and financial economics. Her research has focused on understanding households’ consumption and saving decisions under uncertainty and the effect of these decisions on the broader economy. She has paid particular attention to the dual role of housing as consumption and savings. For example, Prof. Luengo-Prado has examined the impact of lower down payments and house price changes on consumption volatility, and the role of housing on explaining the wealth distribution. She also studied how negative home equity affects job-related mobility. Her work has been published in peer-reviewed journals such as the Economic Journal, International Economic Review, Journal of Monetary Economics and the Review of Economics and Statistics. She has held appointments as visiting scholar at the Boston Federal Reserve and at IMDEA Social Science Institute. Previously, she was an assistant professor of economics at Universidad Carlos III.
“Time to Cook: Expenditure at Retirement in Spain,” (with Almudena Sevilla-Sanz), The Economic Journal, Vol. 123 (2013).
“Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education,” (with Dmytro Hryshko and Bent Sorensen), Quantitative Economics 2:1 (2011), 37-72.
“House Prices and Risk Sharing,” (with Dmytro Hryshko and Bent Sorensen), Journal of Monetary Economics 57:8 (2010), 975-987.
“The Wealth Distribution with Durable Goods,” (with Antonia Díaz), International Economic Review 51:1 (2010), 143-170.
“On the User Cost and Homeownership,” (with Antonia Díaz), Review of Economic Dynamics 11:3 (2008), 584-613.
“What Can Explain Excess Smoothness and Sensitivity of State-Level Consumption?” (with Bent Sorensen), Review of Economics and Statistics 90:1 (2008), 65-80.
“Durables, Nondurables, Down Payments and Consumption Excesses,”
Journal of Monetary Economics, 53:1 (2006), 1509-1539
Awards and Honors
PEW foundation Fellowhip, July-August 2010.
Visiting Senior Research Fellow, IMDEA, January-June 2010.
Visiting Scholar, New England Public Policy Center, Boston Federal Reserve Bank, October-July 2009.
ESRC-SSRC Collaborative Visiting Fellowship, 2006.
Grant from the Regional Government in Madrid, 2003.
Fundación Ramón Areces Grant, 2002.
Ehrlich Foundation Research Fellowship, 1996 and 1997.
Bank of Spain Fellowship, 1996-2000
Fulbright Fellowship, 1995-1996
Erasmus Fellowship, 1994-1995
Honorable Mention, National College Prize in Economics, Spain, 1994.
American Economic Association