Research

Working papers and work in progress

The macroeconomic effects of energy shocks: Evidence from sanction announcements and conflict outbreaks (with Irma Alonso, Marina Diakonova & Evi Pappa).
Climate shocks and inflation expectations (with Sofía Anyfantaki, Cristina Angelico y Francesca Diluiso).
Energy costs, supply resilience and competitiveness.

Publications

Santabárbara, D; Suárez-Varela, M. (2026). Carbon pricing and inflation volatility. International Journal of Central Banking.
- Bank of Spain working paper series N.2231..
- VoxEU column
Campos, R.; Manu, A-S.; Molina, L.; Suárez-Varela, M. (2026). China's Financial Spillovers on Emerging Economies. Journal of International Money and Finance.
- China's financial spillovers on emerging economies. Bank of Spain working paper series 2435.
  - VoxEU column
Carril-Caccia, F., Paniagua, J ; Suárez-Varela, M (2025). Forced Migrations and Food Crises. Journal of Population Economics
- Forced migrations and food crises. Bank of Spain working paper series N.2227.
  - VoxEU column . Nada es Gratis (spanish only), Featured as SUERF Policy Brief, Winner of the INFER policy research award in the 24th INFER 2022 Annual Conference.

Barbero, J.; Rodríguez-Crespo, E.; Suárez-Varela, M.; Velasco, P. (2024). Climate Clubs and Corporate Environmental Performance. Economic Analysis and Policy.

Peiró, J., Rodríguez-Crespo, E.; Suárez-Varela, M. (2022). Do countries with higher institutional quality transition to cleaner trade?. Ecological Economics.

García-Valiñas, M., Martínez-Espiñeira, R.; Suárez-Varela, M. (2021). Price and consumption misperception profiles: The role of information in the residential water sector. Environmental and Resource Economics.

Picazo-Tadeo, A. J.; González-Gómez, F.; Suárez-Varela, M. (2020). Electoral opportunism and water pricing with incomplete transfer of control rights. Local Government Studies.

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