Maria T Gonzalez-Perez

I am a Senior Economist at the Bank of Spain, where I currently work in the Analysis and Market Intelligence Department after several years in the Operations Department, on topics closely linked to monetary policy implementation, market functioning and financial stability. My research lies in macro‑finance and financial economics, with a particular emphasis on volatility modelling, market risk, asset pricing and the dynamics of inflation and inflation volatility. I have published in international journals including the Review of Financial Studies, Economic Modelling, the Review of Derivatives Research and the International Review of Economics and Finance, with contributions on model‑free volatility indexes, corridor implied volatility and the measurement of inflation volatility under rational inattention.​

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I hold a PhD in Economics from Universidad Complutense de Madrid and previously served as a tenured Associate Professor of Finance at CUNEF and as a Teaching Assistant at Universidad Complutense de Madrid, alongside international research and visiting positions at Northwestern University’s Kellogg School of Management, Humboldt University and the University of Vienna. I am actively involved in the research community as editor of the Bank of Spain Working Paper series, member of scientific committees and referee for journals in finance and econometrics, and I regularly teach advanced courses in financial statistics and econometrics at Universidad Carlos III de Madrid and other institutions, connecting frontier academic research with policy practice. I also pursue research at CEMFI (Centro de Estudios Monetarios y Financieros) as a BdE-CEMFI Research Associate.​

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Understanding and accurately measuring inflation volatility is crucial for both monetary policy and financial stability, and this is the core focus of my research. By combining work on inflation dynamics with an extensive background in volatility modelling and risk measurement in financial markets, I study how changes in inflation risk propagate through asset prices, funding conditions and market functioning, helping central banks design and implement policies that are robust to shifts in uncertainty and tail risks

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