Enrique Martínez García

Enrique Martínez García, a native of Novelda (Spain), is Assistant Vice President, head of the international group, and deputy director of the Global Institute at the Federal Reserve Bank of Dallas. He serves as principal researcher for the International House Price Database (IHPD) and the Database of Global Economic Indicators (DGEI), and co-directs the International Housing Observatory (IHO). His work has earned public recognition, including the 2023 Central Banking Award in Economics. 

Martínez García has taught at the University of Alicante, the University of Texas at Austin, and Southern Methodist University. Prior to joining the Dallas Fed in July 2007, he worked as a teaching and research assistant at the University of Wisconsin–Madison and its Center for World Affairs and the Global Economy (WAGE), and spent time at the Bank of England. He holds a Ph.D. and M.Sc. in economics from the University of Wisconsin–Madison, an M.A. in economics from the University of Pennsylvania, and a B.A. in economics from the University of Alicante (Spain).

His research focuses on international macroeconomics and finance, monetary economics and financial stability, asset pricing, real estate economics, and applied econometrics. He has published extensively and advised policymakers on topics such as monetary policy, inflation dynamics, globalization, financial frictions, asset- and house-price bubbles, portfolio allocation, trade and exchange rate determination, and macroeconomic forecasting.

Martínez García’s recent work develops open-economy macroeconomic models to deepen our understanding of:

• the role of economic openness (globalization) and nominal rigidities, along with other frictions, in local and global inflation dynamics,

• the function of international financial and currency markets, with their respective frictions, in hedging cross-country risks, allocating resources globally, and explaining exchange-rate and related international monetary anomalies,

• the effects of a monetary-policy framework (strategy, tools, and communication practices) and the conditions for its optimal implementation in an open economy,

• asset pricing and the dynamics of house prices, with an emphasis on non‑fundamental (self-fulfilling), expectation‑driven bubbles and their distortive effects on resource allocation and financial stability.