A big part 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 on nondurable consumption volatility, the role of housing in explaining the wealth distribution, the relationship between home equity and mobility, and the bias that results when owner-occupied housing services are valued using a rental equivalence approach.
Dr. Luengo-Prado has written on diverse topics related to household finance such as the relationship between education and risk aversion, the credit-card puzzle, the effect of minimum wage changes on spending and access to credit, and the consumption-retirement puzzle. Some of her recent work has focused on labor force participation issues related to the pandemic. 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, the Journal of Money, Credit and Banking, Quantitative Economics, the Review of Economic Dynamics, and the Review of Economics and Statistics.
Dr. Luengo-Prado's was a Senior Economist and Policy Advisor at the Federal Reserve Bank of Boston for 9 years. 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 Licenciatura in Economics from the University of Salamanca, Spain.