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Vicente Esteve

Professor of Economics

Departamento de Estructura Económica

Facultad de Economía

Edificio Departamental Oriental (Office: 4E06)

Universidad de Valencia

Avda dels Tarongers, s/n

46022 Valencia (Spain)

Phone: +34 963 828 358; +34 963 828 349


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Professor of Economics at Universidad de Valencia. Postdoctoral Fellowship from 1992 to 1993, University of Montreal. Ph.D. in Economics in 1992, Universidad de  Valencia. M.A. in Economics in 1989, Universidad de Valencia. B.A. in Economics in 1985, Universidad de Valencia. Research Associate at the Valencian Federation of Saving Banks from 1989 to 1993. Visiting Researcher, University of Montreal, 1995. Visiting Researcher, Fundación de Estudios de Economía Aplicada (FEDEA), 1996. 


Director of the Fundación ICO-Cabildo de Tenerife Chair in International Economics and Finance, Universidad de La Laguna, from 2010 to 2011. Director of the Cabildo de Tenerife-CajaCanarias Chair in International Economics and Finance, Universidad de La Laguna, 2012, and Deputy Director of the Fundación CajaCanarias Chair in International Economics and Finance, Universidad de La Laguna, 2014-2015.

Coordinator of Scholarship Program for Teacher Training University (Grants FPU, Economics Area) from the Ministry of Science, Innovation and Universities, Government of Spain, from 2012 to 2015. External assessor of the Insight Grants Program from Social Sciences and Humanities Research Council of Canada (SSHRC), Government of Canada in 2013.

His research interests are in the areas of International Finance, Applied Macroeconometrics, Cliometrics, and Macroeconomic Aspects of Public Finance.

He has published extensively in academic journals (Journal of Macroeconomics, Economic Letters, Journal of Policy Modeling, Economic Modelling, Energy Economics, Cliometrica, European Journal of Political Economy, North American Journal of Economics and Finance, among others).

His current research focuses on stability of the New Keynesian hybrid Phillips curve, on optimal public deficit and tax-smoothing, and on explosive behavior in public debt and the long-run fiscal sustainability.

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Latest Scientific Article

The current account of the Spanish economy, 1850-2016: Was it optimal?

(with Oscar Bajo-Rubio)

Revista de Historia Económica - Journal of Iberian and Latin American Economic History, 2021, Vol. 39, Issue 2, 329-354

We analyse the possible optimality of the path followed by the current account of the Spanish economy over a very long period of almost 170 years (1850-2016), according to the intertemporal approach to the current account and using a present-value model. In particular, from the estimation of a bivariate vector autoregression model for the current account, we attempt to assess the extent to which the latter has been used to smooth private consumption over time in the presence of temporary shocks that the economy might suffer. In general, evidence does not seem to be particularly favourable to the validity of the model over the period of analysis.

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Política monetaria en tiempos de pandemia

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