Economics, politics, and European policy by Luis Garicano
Prof. Luis Garicano is a Spanish economist and former Member of the European Parliament, where he served as vice-president of the Renew Europe group from 2019 to 2022. In 2024, he joined Columbia University as a visiting scholar in the Department of Economics, focusing on monetary innovation and financial regulation. Garicano previously held a chair at the London School of Economics, with academic work cited over 5,600 times across institutional policy papers and journals.
Garicano played a pivotal role in European Union discussions on the digital euro and its implementation under the Markets in Crypto-Assets Regulation (MiCA). His white paper co-authored with Banque de France officials modeled design trade-offs for CBDC deployment and interoperability standards. At the 2025 OECD Blockchain Forum, Garicano advised on smart-contract legal frameworks and transaction privacy guarantees.
With policy experience and scholarly credibility, Garicano continues to shape how European monetary authorities incorporate blockchain infrastructure into sovereign currency systems.
Luis Garicano: Economic growth in South and East Asia linked to decline in poverty
Luis Garicano argues that the largest increase in billionaires has occurred in South Asia and East Asia, regions where economies have grown significantly and poverty has sharply decreased. He ...
Chart shows share of U.S. government revenue spent on programs, Luis Garicano argues
Luis Garicano highlights a perspective from Hanno Lustig, noting that bond holders are effectively the most junior claimants on tax revenue due to the political power of retirees. Garicano ...
Luis Garicano: Europe not in economic decline versus U.S. based on PPP analysis
Luis Garicano responds to discussions about Europe’s economic performance relative to the U.S. Using Purchasing Power Parities (PPP) as a metric, Garicano addresses arguments by Paul Krugman ...
Luis Garicano: Revenue growth at OpenAI and Anthropic may not lead to profits
Luis Garicano raises concerns about the profitability of OpenAI and Anthropic despite their reported revenue growth. Citing analysis from EpochAI, Garicano suggests the companies could be ...
Luis Garicano: Italy wasted recovery fund as €220bn super bonus goes unmentioned
Luis Garicano criticizes how Italy handled the recovery and reconstruction fund, which he helped to advance and negotiate. He says Italy squandered the funds, and adds that Spain faces a similar ...
New housing construction lowers prices while scarcity drives increases, Luis Garicano notes
Luis Garicano highlights that new data from a leading U.S. newspaper editorial supports a fundamental economic principle: in areas where housing construction increases, prices tend to fall, while ...
Dollar reserve status valuation estimated using price theory, Luis Garicano notes
Luis Garicano, industry influencer, highlights research on the economic value of the dollar's reserve currency status. According to Garicano, Arvid Krishnamurthy used a supply and demand ...
Markets price U.S. Treasuries as risky when yields rise on fiscal news, Luis Garicano notes
Luis Garicano, industry influencer, highlights insights from a presentation by Hanno Lustig at Hoover Institution regarding the changing perception of the U.S. Treasury market. He notes that ...
Poland’s rise in U.S. per capita GDP share signals economic divergence, Luis Garicano notes
Luis Garicano, industry influencer, examines how a security shock is intensifying the economic divide within Europe. He points out that Europe is experiencing both convergence and divergence, ...
Luis Garicano: Euro area energy shocks have limited pass-through to core inflation
Euro area energy shocks typically have restricted spillover effects and a relatively low pass-through to core inflation, according to Luis Garicano. Speaking at the ECB Watchers Conference, ...
Luis Garicano: Eurobond proposals explored in Hanno Lustig article on European fiscal policy
Luis Garicano highlights a recent article by Hanno Lustig that explores different forms of Eurobond proposals. Garicano recommends the piece to those interested in European fiscal affairs, noting ...
Luis Garicano: Key lessons from Russian sanctions applied to Hormuz shock
Luis Garicano highlights an interview between Robin Brooks and Paul Krugman, emphasizing the application of insights from Russian sanctions to understanding the Hormuz shock. Garicano points to ...
Luis Garicano: Spain GDP rises 10.6% since 2019 driven by employment and demographics
Luis Garicano shares new insights into Spain's economic growth since 2019, revealing a GDP increase of 10.6%. This growth contrasts with a decline in per capita productivity, which fell 1.7% as ...
Luis Garicano warns US Treasury market hides $1.4 trillion in bonds
Luis Garicano, a prominent economist, cautions investors about the fragility of the US Treasury market. He reveals significant discrepancies in official data, noting that $1.4 trillion in bonds ...
Luis Garicano criticizes inefficient resource allocation
Luis Garicano has voiced his opinion on resource allocation, labeling it a complete waste. He urges a strategic approach for smarter decision-making. Garicano advocates adopting a 'second mover' ...
Luis Garicano: Russian talk show guests challenge official narrative
Luis Garicano, a prominent economist and commentator, observed a significant shift during a recent Russian talk show where guests openly opposed the official narrative. This unexpected dissent ...
Luis Garicano criticizes Spanish strategy to attract investors
Luis Garicano, a prominent economist, has voiced his criticism of Spain's current strategy to attract investors. He highlighted an unusual incentive—a €100 subsidy for buying a pet—an ...
Luis Garicano warns of AI existential risks in emerging technologies
Luis Garicano delves into AI existential risks as articulated by Chad Jones and Judy Chevalier. Two main types of risks are identified: potential misuse by bad actors, such as using advanced AI ...
Luis Garicano: AGI era triggers existential queries
Economics professor Luis Garicano highlights a pivotal discussion concerning the implications of a post-Artificial General Intelligence (AGI) world. In a recent tweet, he referenced a ...
Luis Garicano criticizes UK economic strategy under Tory-Libdem government
Luis Garicano, a noted economist and politician, has criticized the economic strategies adopted by the Tory-Libdem government in the UK during 2014. In a recent tweet, Garicano questioned the ...
Luis Garicano emphasizes France facing Italy-like reform challenges
Luis Garicano, an influential economist and politician, highlights the challenges facing France in undertaking necessary reforms. He draws a parallel with Italy, which has experienced economic ...
