Nestor Azcona

Associate Professor

Contact Information:


Accinno Hall 207C


Ph.D. - Economics New York University

Brief Biography:

I received my B.Sc. in Economics from Universitat Pompeu Fabra (Barcelona) and my Ph.D. in Economics from New York University. I also studied at Université de Toulouse I (France) as an exchange student (Erasmus program). While I was in graduate school I worked as a research assistant at Morgan Stanley and as a summer intern at the International Monetary Fund. Before joining PC I worked at Babson College. I have published research articles on currency crises, real exchange rate fluctuations, price-level targeting, and business cycle co-movement.

Area(s) of Expertise:

Open-Economy Macroeconomics, International Finance, Monetary Policy

Selected Publications:

Azcona, N. (2022) Business Cycle Co-Movement in Europe: Trade, Industry Composition and the Single Currency. Open Economies Review.(33), 121-139.

Azcona, N. (2022) Trade and Business Cycle Synchronization: The Role of Common Trade Partners. International Economics. .(170), 190-201.

Azcona, N. (2019) Specialization and Business Cycle Co-Movement in the Euro Area. Atlantic Economic Journal.(47), 193-204.

Azcona, N. (2018) Can Price-Level Targeting Reduce Exchange Rate Volatility?. Eastern Economic Journal.(44), 400-436.

Azcona, N. (2017) Exchange Rate Policy and the Role of Non-Traded Goods Prices in Real Exchange Rate Fluctuations. The B.E. Journal of Macroeconomics.(17), 1-18.

Azcona, N. (2017) Non-Traded Goods and Real Exchange Rate Fluctuations: A Structural VAR Analysis. International Advances in Economic Research.(23), 137-148.

Selected Presentations:

Azcona, N. 93rd International Atlantic Economic European Conference. IAES, (held remotely) - "The Direct and Indirect Effects of the Euro on Business Cycle Synchronization" , 2022

Azcona, N. 95th Annual Conference of the Western Economic Association International. WEAI, (held remotely) - "Trade, Industry Composition and Business Cycle Co-Movement" , 2020

Azcona, N. 84th International Atlantic Economic Conference. , Montréal, QC - "Specialization and Business Cycle Co-movement in the Euro Area" , 2017

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