Juan Carlos Cuestas

Senior Economist
E-mail: Juan.Carlos.Cuestas@eestipank.ee

Research interests:

• International finance
• European integration
• Unemployment
• Sovereign debt
• Applied macroeconomics
• Time series econometrics

Education:

• 2006 – Ph.D. Industrial and International Economics, Jaume I University, Spain
• 2006 – MSc, Economics and Econometrics, University of Nottingham, the United Kingdom
• 2000 – BSc, Business Administration, University of Valencia, Spain

Experience:

• 2016 – current: Senior Economist, Research Division, Economics and Research Department, Bank of Estonia, Estonia
• 2016 – current: Visiting academic, Department of Economics, University of Sheffield, the United Kingdom
• 2015 – current: Adjunct visiting professor, Korea University, Seoul, Korea
• 2015 – current: External Research Fellow, Instituto de Economia International, Jaume I University, Spain
• 2015 – current: Research Fellow, Central European Labour Studies Institute, Slovak Republic
• 2012 – 2016: Senior Lecturer in Economics, Department of Economics, University of Sheffield, the United Kingdom
• 2010 – 2012: Lecturer in Economics, Department of Economics, University of Sheffield, the United Kingdom
• 2007 – 2010: Lecturer in Econometrics, Economics Division, Nottingham Trent University, the United Kingdom

Selected publications:

• The Spanish housing market: is it fundamentally broken?, forthcoming in 2020, authors Juan Carlos Cuestas Olivares and  Merike Kukk. Applied Economics Letters.

• Banking sector concentration, competition and financial stability: the case of the Baltic countries, 2019, authors Juan Carlos Cuestas Olivares, Yannick Lucotte and Nicolas Reigl. Post-Communist Economies, Vol 32:2, pp. 215-249.

• Real exchange rate misalignments in CEECs: Have they hindered growth?, 2019, authors Juan Carlos Cuestas, Estefanía Mourelle and Paulo José Regis. Empirica, pp 1-24.

• Changes in sovereign debt dynamics in Central and Eastern Europe, 2019, author Juan Carlos Cuestas Olivares. International Journal of Finance and Economics. 

• Oil prices, unemployment and the financial crisis in oil-importing countries: the case of Spain, 2019, authors Javier Ordóñez, Mercedes Monfort and Juan Carlos Cuestas Olivares. Energy, Volume 181, pp. 625-634.

• Unit labour costs and the dynamics of output and unemployment in the southern European crisis countries, 2019, authors  Juan Carlos Cuestas Olivares, Javier Ordóñez and Karsten Staehr. Empirica, Vol. 46, pp. 597-616. 

• The evolution and heterogeneity of credit procyclicality in Central and Eastern Europe, 2019, authors Juan Carlos Cuestas Olivares, Yannick Lucotte and Nicolas Reigl. Working Papers of Eesti Pank, No. 3/2019.  

• On the evolution of competitiveness in Central and Eastern Europe: is it broken?, 2019, author Juan Carlos Cuestas Olivares. Working Papers of Eesti Pank, No. 7/2019.

• Financial Development, Institutions and Poverty Alleviation: An Empirical Analysis, 2017, authors Alessandra Cepparulo, Juan Carlos Cuestas and Maurizio Intartaglia. Applied Economics, Vol 49, Issue 36, pp. 3611-3622.

• The Credibility of a Soft Pegged Exchange Rate in Emerging Market Economies: Evidence from a Panel Data Study, 2017, authors Juan Carlos Cuestas and Nora Abu Asab. Annals of Economics and Finance, Vol. 18, Issue 1, pp. 29-51.

• Unemployment rate cycles in Europe, 2017, authors Juan Carlos Cuestas and Luis A. Gil-Alana. Applied Economic Letters,  Vol. 24 , Issue 2, pp. 136-139.

• Uncovered interest parity in Central and Eastern Europe: expectations and structural breaks, 2017, authors Juan Carlos Cuestas, Fabio Filipozzi and Karsten Staehr. Review of International Economics, Vol. 25, Issue 4, pp. 695–710. (Earlier version Working Papers of Eesti Pank, No. 4/2015.).

• Banking sector concentration, competition and financial stability: the case of the Baltic countries, 2017, authors Juan Carlos Cuestas, Yannick Lucotte and Nicolas Reigl. Working Papers of Eesti Pank, No. 7/2017.

• Convergence in Corporate Statutory Tax Rates in the Asian and Pacific Economies, 2016, authors Yang Chen, Juan Carlos Cuestas and Paulo Regis. International Journal of Finance and Economics.
• Do institutions alleviate poverty? New Empirical Evidence, 2016, authors Juan Carlos Cuestas and Maurizio Intartaglia Economics Bulletin, Vol. 36, pp. 145–154.
• Testing for long memory in the presence of non-linear deterministic trends with Chebishev polynomials, 2016, authors Juan Carlos Cuestas and Luis A. Gil-Alana. Studies in Nonlinear Dynamics and Econometrics, Vol. 23, pp. 445–468.
• Inflation convergence in Central and Eastern Europe vs the Eurozone: non-linearities and long memory, 2016, authors Juan Carlos Cuestas, Luis A. Gil-Alana and Karl Taylor. Scottish Journal of Political Economy, Vol. 63, Issue 5.
• Corporate tax in Europe: Towards convergence?, 2015, authors Juan Carlos Cuestas, Paulo Regis and Yang Chen. Economics Letters, Vol. 134, pp. 9–12.
• Unemployment convergence in Central and Eastern European countries: driving forces and cluster behavior, 2015, authors Juan Carlos Cuestas, Mercedes Monfort and Javier Ordóñez. Emerging Markets Finance and Trade, Vol. 51, pp. 253–279.
• Do foreign exchange forecasters believe in UIP?, 2015, authors Juan Carlos Cuestas, Fabio Filipozzi and Karsten Staehr. Economics Letters, Vol. 133, pp. 92–95.
• The sustainability of European external debt: What have we learned?, 2015, authors Juan Carlos Cuestas, Luis A. Gil-Alana and Paulo J. Regis. Review of International Economics, Vol 23, pp. 445–468.
• Government debt dynamics and the global financial crisis: Has anything changed in the EA12?, 2014, authors Juan Carlos Cuestas, Luis A. Gil-Alana and Karsten Staehr. Economics Letters, Vol. 124, pp. 64–66.
• Smooth transitions, symmetric adjustment and unit roots, 2014, authors Juan Carlos Cuestas and Javier Ordóñez. Applied Economics Letters, Vol. 21, pp. 969–972.
• Real convergence in Europe: A cluster analysis, 2013, authors Juan Carlos Cuestas, Mercedes Monfort and Javier Ordóñez. Economic Modelling, Vol. 33, pp. 689–694.
• The current account sustainability of European transition economies, 2013, author Juan Carlos Cuestas. Journal of Common Market Studies, Vol. 51, pp. 232–245.
• Fiscal shocks and budget balance persistence in the EU countries from central and eastern Europe, 2013, authors Juan Carlos Cuestas and Karsten Staehr. Applied Economics, Vol. 45, pp. 3211–3219.
• A further investigation of the unemployment persistence in European transition economies, 2011, authors Juan Carlos Cuestas, Luis A. Gil-Alana and Karsten Staehr. Journal of Comparative Economics, Vol. 39, pp. 514–532.

Referee:

• Journal of International Money and Finance
• Journal of International Financial Markets Institutions and Money
• Empirical Economics
• Emerging Markets Finance and Trade
• Economic Issues
• Economic Modelling
• Applied Economics
• Physica A
• Journal of Macroeconomics
• Bulletin of Economic Research
• Theoretical and Applied Climatology