José M. González-Páramo is a Spanish economist who served as a member of the Executive Board of the European Central Bank from 2004 to 2012.

Early life and education

González-Páramo holds a Ph.D., M.Phil. and M.A. in Economics from

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

, for which he was a

Fulbright The Fulbright Program, including the Fulbright–Hays Program, is one of several United States cultural exchange programs with the goal of improving intercultural relations, cultural diplomacy, and intercultural competence between the people ...

scholar,. He also has a Ph.D. from Universidad Complutense.

Career

Career in the public sector

González-Páramo's professional record comprises

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

decision-making and

private sector The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workfo ...

responsibilities, academic experience and advisory positions. In 1988 he was appointed Professor of Economics at UCM. In addition, he has taught advanced courses in economic analysis of public policies at the Centro de Estudios Monetarios y Financieros in Madrid and at other research centres. From 1985 to 1994 González-Páramo was an economic adviser to various public and private institutions including the Banco de España (1989–1994), the

European Commission The European Commission (EC) is the primary Executive (government), executive arm of the European Union (EU). It operates as a cabinet government, with a number of European Commissioner, members of the Commission (directorial system, informall ...

, the

IMF The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of la ...

and the

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group ...

. He has been involved in working groups on economic and financial matters at the

Bank for International Settlements The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central bank ...

and the

Organisation for Economic Co-operation and Development The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, wor ...

. Before his appointment to the ECB, González-Páramo was a member of the governing council of the

Bank of Spain The Bank of Spain (, ) is the national central bank for Spain within the Eurosystem. It was the Spanish central bank from 1874 to 1998, issuing the peseta. Since 2014, it has also been Spain's national competent authority within European Banki ...

(1994–2004) and of its executive committee (1998–2004).

Executive Board of the European Central Bank, 2004–2012

González-Páramo served as a member of the executive board of the European Central Bank (ECB) for an eight-year mandate, under the leadership of successive presidents

Jean-Claude Trichet Jean-Claude Trichet (; born 20 December 1942) is an economist and high-ranking French official who was President of the European Central Bank from 2004 to 2011. Previous to his assumption of the presidency he was Governor of the Bank of France ...

(2004-2010) and

Mario Draghi Mario Draghi (; born 3 September 1947) is an Italian politician, economist, academic, banker, statesman, and civil servant, who served as the prime minister of Italy from 13 February 2021 to 22 October 2022. Prior to his appointment as prime mi ...

(2011-2012). At the time of his appointment, Spain succeeded with his nomination despite pressure from Belgium and other smaller states to nominate

Peter Praet Peter Praet (born 20 January 1949 in Herchen near Eitorf, North Rhine-Westphalia, Allied-occupied Germany) is a Belgian economist who served as a member of the Executive Board of the European Central Bank from 2011 to 2019 and concurrently as E ...

. from 2004 to 2012. He was also a member of the Governing Council of the ECB, the

Eurosystem The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The European Central Bank (ECB) has, under Article 16 of its Statute,

’s principal policymaking body. At the ECB, González-Páramo was responsible for market operations and monetary policy implementation. He was in charge of designing and implementing innovative “non-conventional monetary policy measures”. During his tenure at the ECB he held a variety of other responsibilities, including economic research, risk management, statistics, information systems and banknotes. He was a member of the

Committee on the Global Financial System The Committee on the Global Financial System (CGFS) is an international body hosted by the Bank for International Settlements (BIS) in Basel. Overview The Euro-Currency Standing Committee (ECSC) was established by a decision of the BIS Governors ...

of the

(BIS). González-Páramo has written and spoken extensively on financial matters, monetary policy and the economy. Throughout his term, he was as seen by observers as one of the more dovish, economic growth-focused board members. In 2012, González-Páramo was widely mentioned in news media as a potential candidate to succeed Miguel Ángel Fernández Ordóñez as Governor of the

; the position eventually went to Luis María Linde. Since December 2016, he has been Chairman for Europe of the TransAtlantic Business Council (TABC). He previously chaired in Europe the TransAtlantic Business Dialoge (TABD), a body under the TABC and with which it merged in December 2016. He was a member of the BBVA Board of Directors from June 2013 to February 2020 and Chief Officer, Global Economics, Regulation & Public Affairs, and Chairman of the International Advisory Board from 2018 to 2020.

Career in the private sector

Since September 2012 González-Páramo has been serving as Professor at

IESE Business School IESE Business School is the Catholic Church, Catholic graduate business school of the University of Navarra. It was established in Barcelona in 1958 by Opus Dei. From 1963, in collaboration with Harvard Business School, it offers a two-year Maste ...

. In June 2013 González-Páramo was appointed Executive Board member of

BBVA Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Bilbao, with operative offices in Madrid. It is one of the largest financial institutions in the world, ...

. Among other responsibilities in the group, he is the Chief Officer, Global Economics, Regulation & Public Affairs, and the Chairman of its International Advisory Board. He is also Chairman of European DataWarehouse GmbH, the first central data warehouse in Europe for asset-backed securities (ABS) transactions. In 2021, González-Páramo chaired the search committee that selected economist

Jeromin Zettelmeyer ''Jeromin'' is a 1953 Spanish historical film, historical drama film directed by Luis Lucia and starring Jaime Blanch, Ana Mariscal and Rafael Durán (actor), Rafael Durán.Bentley p.122 It portrays the early life of John of Austria. Cast * Jaime ...

as new director of Bruegel.

Other activities

* Bretton Woods Committee, Member of the Advisory Council (since 2020) *

European Council on Foreign Relations The European Council on Foreign Relations (ECFR) is a pan-European think tank with offices in seven European capitals. Launched in October 2007, it conducts research on European foreign and security policy and provides a meeting space for decis ...

(ECFR), Member (since 2020) * Scope Foundation, Member of the Honorary Board (since 2020) * Transatlantic Business Council (TABC), chair of the board (since 2016) * Bruegel, Member of the BoardBoard and scientific council
Bruegel.

Recognition

González-Páramo is a member of the

European Academy of Sciences and Arts The European Academy of Sciences and Arts (EASA, ) is a transnational and interdisciplinary network, connecting about 2,000 recommended scientists and artists worldwide, including 38 Nobel Prize laureates. The European Academy of Sciences and ...

, and has received a number of distinctions, including the Charles the Fifth Medal of the German-Spanish Chamber of Commerce ("contribution to a more united Europe"), Premio Institut D’Estudis Financers a la Excelencia Financiera ("professional career"), Premio Círculo de Empresarios and Doctor Honoris Causa (Universidad de Málaga), among others.

References

Spanish economists 1958 births Living people Members of the European Academy of Sciences and Arts Executive Board of the European Central Bank members {{Spain-economist-stub