Carolina Villegas-Sanchez is Professor of Economics at Esade Business School, Economist at the Directorate General Research (DGR), European Central Bank (ECB) and a Research Fellow of the CEPR. Her research focuses on productivity dynamics, innovation, international spillovers and macroeconomic fluctuations. Her work exploits granular data to examine how firms respond to economic shocks and the resulting aggregate implications. She received her Ph.D. in Economics in 2004 from the European University Institute.

Publications 

Latest contributions 

Street thermometer in Italy
VoxEU Column

Climate change, firms, and aggregate productivity

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
  • Climate Change
    • ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
  • Productivity and Innovation
VoxEU Column

How big are productivity gains from FDI?

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
  • Development
    • ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
  • International trade