Former scholars

Alvaro Leandro

Alvaro Leandro

Former Research Assistant

Álvaro Leandro Fernández-Gil, a Portuguese and Spanish citizen, worked at Bruegel as a Research Assistant from November 2014 until July 2016 in the area of Global and European Macroeconomics. Prior to this, Álvaro worked as a Research Assistant at “la Caixa” Research. He has also worked as an intern at the Sustainable Development Network of the World Bank. He holds an undergraduate degree in Economics from the University of Sussex, and a master in Specialised Economic Analysis from the Barcelona Graduate School of Economics (Universitat Pompeu Fabra).

The subject of his Master's thesis was the inter-connectivity in the financial system, and its consequences for systemic risk and regulation. At the University of Sussex he wrote a dissertation on Political Business Cycles.

Álvaro’s research interests include Macroeconomics, International Finance and Political Economy.

He is fluent in English, French, Portuguese and Spanish.

Contact information

alvaro.leandro@bruegel.org

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Blog Post

Alvaro Leandro
jaume

Spanish unemployment and the effects of the 2012 labour market reform

What’s at stake: Spain is currently the EU country with the second highest level of unemployment, after Greece. The high and persistent level of unemployment and the appropriate labour market reforms are a major topic of discussion in Spain. We review arguments made in the blogosphere and by international organisations on the reasons for Spain’s stubbornly high unemployment, and various assessments of the labour market reforms of 2012.

By: Alvaro Leandro and Jaume Martí Romero Topic: European Macroeconomics & Governance Date: July 4, 2016
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Blog Post

Zsolt Darvas
Alvaro Leandro

Implementation of European Semester recommendations worsens further

Economic policy coordination in the EU hardly works: the implementation of economic policy recommendations made in the context of the European Semester was modest in 2011, and has deteriorated in each year since then.

By: Zsolt Darvas and Alvaro Leandro Topic: European Macroeconomics & Governance Date: June 15, 2016
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Blog Post

MariaDemertzis1 bw
Alvaro Leandro

Brexit fears weigh on markets in euro-area periphery

Markets are beginning to price in the possibility that the EU will look different on the 24th of June.

By: Maria Demertzis and Alvaro Leandro Topic: European Macroeconomics & Governance Date: June 14, 2016
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Blog Post

Alvaro Leandro

The use of ECB liquidity

The Eurosystem’s regular open market operations consist of one-week liquidity-providing operations (MROs), and three-month liquidity-providing operations (LTROs). We have updated data on the use of these operations by country.

By: Alvaro Leandro Topic: European Macroeconomics & Governance Date: June 9, 2016
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Opinion

Grégory Claeys
Alvaro Leandro

The Juncker plan needs to be turned on its head

The Juncker Plan was launched one year ago to boost investment in Europe: has the plan been successful so far? How can we better use the EIB to increase investment?

By: Grégory Claeys and Alvaro Leandro Topic: European Macroeconomics & Governance Date: June 8, 2016
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Blog Post

Grégory Claeys
Alvaro Leandro

Assessing the Juncker Plan after one year

With the Juncker Plan, the European Commission intends to support valuable risky projects by expanding the risk capacity of the EIB. But has the new European Fund for Strategic Investments really been used to finance 'additional' projects?

By: Grégory Claeys and Alvaro Leandro Topic: European Macroeconomics & Governance Date: May 17, 2016
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Blog Post

Pia Hüttl
Alvaro Leandro

The implications of the Panama Papers

What’s at stake: The Panama Papers leaked last week raised important questions about the role of tax havens. We explain the mechanics of tax evasion and review the most important lessons to take away from the leaks.

By: Pia Hüttl and Alvaro Leandro Topic: Finance & Financial Regulation Date: April 18, 2016
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Policy Contribution

A proposal to revive the European Fiscal Framework

A proposal to revive the European Fiscal Framework

The current European fiscal framework is inefficient. It should be replaced with a system based on rules more suited to the two core objectives: public debt sustainability and fiscal stabilisation. The rules should be more transparent and easier to implement. These reforms would promote greater compliance.

By: Grégory Claeys, Zsolt Darvas and Alvaro Leandro Topic: European Macroeconomics & Governance Date: March 29, 2016
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Blog Post

Pia Hüttl
Alvaro Leandro

Helicopter drops reloaded

What’s at stake: Central banks have recently been scaling up their unconventional monetary policy measures. Discussions about helicopter money seem to be getting ever louder. We review the theoretical discussions, the effectiveness of tax-rebates and legal and political complications

By: Pia Hüttl and Alvaro Leandro Topic: European Macroeconomics & Governance Date: March 14, 2016
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Policy Contribution

The European Central Bank’s quantitative easing programme: limits and risksEuropean Parliament

The European Central Bank’s quantitative easing programme: limits and risks

The ECB has made a series of changes to its QE programme in order to expand the universe of purchasable assets and have more flexibility in the execution of the programme. However this might not be enough to sustain QE throughout 2017. The extension of the programme also raises questions about its potential adverse consequences.

By: Grégory Claeys and Alvaro Leandro Topic: European Macroeconomics & Governance, European Parliament Date: February 15, 2016
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Blog Post

Zsolt Darvas
Alvaro Leandro

Naughty students or the wrong school: why is the European Semester proving ineffective?

The fundamental problem of economic policy coordination in the EU is that national policymakers are accountable to their national parliaments and focus on national interests, which in many cases differ widely in different member states. It is therefore not all that surprising that economic policy coordination in the EU hardly works.

By: Zsolt Darvas and Alvaro Leandro Topic: European Macroeconomics & Governance Date: November 18, 2015
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Policy Contribution

The limitations of policy coordination in the euro area under the European SemesterEuropean Parliament

The limitations of policy coordination in the euro area under the European Semester

This paper assesses economic policy coordination in the euro area under the European Semester. Despite the collective decision to create this new system of policy coordination, this paper shows that the European Semester has been rather ineffective.

By: Zsolt Darvas and Alvaro Leandro Topic: European Macroeconomics & Governance, European Parliament, Testimonies Date: November 12, 2015
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