Manuel Arellano

Professor Manuel Arellano is the Professor of Econometrics at the Centro de Estudios Monetarios y Financieros. He is a specialist in econometrics and empirical microeconomics and his research focuses on panel data econometrics and nonlinear panel data models, microeconomics, labor economics, and the evaluation of public policies. His paper with Stephen Bond in Review of Economic Studies 1991, "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations", proposed an estimator of instrumental variables using a method of generalized moments that has become a standard procedure for the estimation of models of panel data. He is the author of Panel Data Econometrics, Oxford University Press 2003. Arellano is President of the Spanish Economic Association in 2003, President of the European Economic Association in 2013, and President of the Econometric Society in 2014. He is also the former Editor of the Review of Economic Studies and Fellow of the Econometric Society. Recipient, Premio Rey Jaime I de Economía (2012).