Most of her research to date has focused on understanding households' consumption and saving decisions under uncertainty and the effect of these decisions on the broader economy. She is particularly interested in the dual role of housing as consumption and savings. Her work has examined, for example, the impact of lower down payments and house price changes on consumption volatility, the role of housing in explaining the wealth distribution, and the relationship between home equity and mobility.
Dr. Luengo-Prado has also written on the use of vouchers to improve education, the relationship between education and risk aversion, and about the effects of financial literacy on credit access and credit use. Some of her recent work has focused on labor force participation issues related to the pandemic as well as the effects of minimum wage changes on spending and access to credit. Her work has been published in peer-reviewed journals such as AEJ:Macro, the Economic Journal, the International Economic Review, the Jornal of Monetary Economics, Quantitative Economics, the Review of Economic Dynamics, and the Review of Economics and Statistics.
Prior to joining the Boston Fed, Dr. Luengo-Prado was on the faculty at Northeastern University (associate professor with tenure) and Universidad Carlos III (assistant professor). She holds a Ph.D. in Economics from Brown University, an M.A. in Economics from the KU Leuven, Belgium, and a B.Sc. in Economics from the University of Salamanca, Spain.
The views in all of my work are my own and do not necessarily reflect the views of the Federal Reserve Bank of Boston or the Federal Reserve System.