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Miguel A. Iraola

Miguel A. Iraola

Lecturer, Economics


Miguel Iraola is a lecturer at the University of Miami. He holds a PhD and MSc in economics from Universidad Carloss III de Madrid and a BA in economics from Universidad Pública de Navarra. He currently teaches International Trade (ECO 441) and Microeconomic Theory (ECO 302) for undergraduate students. His research focuses on the interrelation between the real and financial sides of the economy from theoretical and empirical perspectives. 

Research Interests

Macroeconomics; financial economics; monetary economics; and technological change

Featured Publications

  • "Financial Segmentation and Collateralized Debt in Infinite-Horizon Economies,” with Favian Sepulveda and Juan Pablo Torres-Martinez, Journal of Mathematical Economics, vol. 80, pp. 56-69, 2019.

    “Asset Price Volatility, Price Markups, and Macroeconomic Fluctuations,” with Manuel S. Santos, Journal of Monetary Economics, vol. 90, pp. 84-98, 2017.

    Iraola M.A., Santos M.S. (2016) Speculative Bubbles. In: Jones G. (eds) Banking Crises. Palgrave Macmillan, London.

    “Equilibrium in Collateralized Asset Markets: Credit Contractions and Negative Equity Loans,” with Juan Pablo Torres-Martinez, Journal of Mathematical Economics, vol. 55, pp. 113-122, 2014.

    “Speculative Bubbles,” with Manuel S. Santos, The New Palgrave Dictionary of Economics, 2nd Edition, 2008.

    “Market Fundamentals,” with Manuel S. Santos, The International Encyclopedia of the Social Sciences, 2008.

Teaching and Professional Experience

  • Undergraduate Director, Economics, Miami Herbert Business School, 2015 - Present
  • Lecturer, Economics, Miami Herbert Business School, 2013 - Present
  • Visiting Professor, University of Miami School of Business Administration, 2011 - 2013
  • Assistant Professor, Centro de Investigación Económica (ITAM), 2007 - 2013
  • Teaching Assistant, Universidad Carlos III de Madrid, 2000 - 2007
  • Visiting Scholar, Arizona State University, 2003
  • Research Assistant, Universidad Pública de Navarra, 1998 - 1999
  • Traineeship, Banco Central Hispanoamericano, 1998


  • Macroeconomics
  • Financial economics


  • Ph.D., Economics, Universidad Carlos III de Madrid, 2009
  • Economics, Universidad Carlos III de Madrid, 2002
  • Business Administration and Quantitative Methods, Universidad Pública de Navarra, 2000
  • B.A., Economics, Universidad Pública de Navarra, 1999

Honors and Awards

  • Mexico’s Nacional Research System, level C, 2010 - 2013
  • Short Stay Visit Grant, Fundación Universidad Carlos III de Madrid, 2004
  • Award for The Second Best Undergraduate Academic Record in Economics, Universidad Pública de Navarra, 1999
  • Research Assistant Grant, Ministerio de Educación, Cultura y Deportes, Spanish Government, 1998 - 1999
Miguel A. Iraola


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