Luis Garicano is currently a visiting professor at Columbia Business School and the University of Chicago, and just finished a 3-year term as a member of the European Parliament, where he was a Vice President of Economic Affairs for the Renew Europe (Centrist) group, in charge of coordinating the Economics, Employment, Internal Market and Digital legislation of the group, as well as Vice President of the European liberal party (ALDE).He has developed an extensive academic career at the University of Chicago, where he attained the rank of full professor of Economics and Strategy, and the London School of Economics, where he has been Full Professor of Economics and Strategy and head of the Managerial Economics and Strategy Group; in addition, he has been visiting professor at other institutions, among others MIT and London Business School. Likewise, he has held positions as an economist of the European Commission and McKinsey & Company, where he has also held a named chair with the FEDEA foundation. He is currently on leave of his post as Full Professor and Head of the Centre for the Digital Economy at IE Business School. He has been teaching as a Professor or Visiting Professor the Competitive Strategy at the Executive MBA of the University of Chicago for two decades.
Garicano's current lines of research include building the institutions to avoid a new economic crisis in the Eurozone, understanding the constraints on Quantitative Tightening in the Eurozone, as well as the introduction of Carbon Border Adjustment Mechanisms to limit free riding in the fight against climate change. During his years in parliament he participated actively in making proposals and drafting legislation on the common European bond issuance for the COVID recovery, on the Carbon Border Adjustment Mechanism and on Russian sanctions. In the past, he studied the Euro crisis and participated actively in making proposals for its resolution. He was a member of the group of economists that originated the European Safa Bonds (ESBies) proposal for a joint European security backed by a portfolio of euro area government bonds, which was eventually passed by the European Parliament with the name as the SBBS His main research contributions have centered on understanding the "knowledge economy", and the impact of digitization on economic growth and organizational change.
Luis Garicano holds bachelor’s degrees in Economics and Law from Universidad de Valladolid, a Master’s degree in European Economic Studies from the College of Europe in Bruges, and a Master’s degree and a Ph.D. in Economics from the University of Chicago.
He has contributed as a columnist to international and Spanish media including Financial Times, the Guardian, Wall Street Journal, El País and El Mundo.
His research has appeared in leading international academic journals such as The Quarterly Journal of Economics, The Journal of Political Economy, The American Economic Review and The Review of Economic Studies.
The interest rate on European Union bonds is now almost as high as that of supposedly riskier Spanish bonds; this risks defeating their purpose.