María José Luengo-Prado is a Senior Economist and Policy Advisor at the at the Federal Reserve Bank of Boston. Her research interests include Macroeconomics (both theoretical and applied) and Public Economics. 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. In particular, she has studied the dual role of housing as consumption and savings. For example, she has examined the impact of lower down payments and house price changes on consumption volatility, the role of housing on explaining the wealth distribution, and the role of home equity on mobility. 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, and the Review of Economics and Statistics. Dr. Luengo-Prado has also written on the use of vouchers to improve education, the role of education to reduce risk aversion, and several aspects of the airline industry.
Prior to joining the Boston Fed, she has been on the faculty at Northeastern University (associate professor with tenure) and Universidad Carlos III (assistant professor). She has also been a visiting scholar at the Boston Fed and at IMDEA Social Sciences Institute. She holds a Ph.D. in Economics from Brown University, an M.A. in Economics from the Katholieke Universiteit Leuven, Belgium, and a B.Sc. in Economics from the University of Salamanca, Spain.