Victor Valcarcel

Victor Valcarcel is an Associate Professor of Economics at the University of Texas at Dallas (UTD), affiliated with the School of Economic, Political and Policy Sciences. His research focuses on the intersection of banking, finance, and macroeconomics, with particular emphasis on central bank balance sheet operations and Divisia money aggregates. He holds a PhD in Economics from the University of Kansas (2008).

Valcarcel's research explores time-varying dynamics in monetary aggregates, inflation expectations modeling, and the identification of monetary policy shocks. His work bridges theoretical macroeconomic frameworks with applied econometric techniques, often employing structural VAR models and time-series analysis. Notable areas include central bank operational frameworks, the effects of quantitative easing, and the integration of financial literacy in undergraduate education.

His recent publications (2020–2025) analyze financial market responses to policy tightening, inflation hedging mechanisms in cryptocurrency markets, and the construction of Divisia money measures for emerging economies like Mexico. He has contributed to debates on yield curve dynamics, inflation volatility post-Great Recession, and the superneutrality of money under endogenous growth conditions.

Valcarcel maintains an active research agenda combining empirical analysis with policy relevance, frequently engaging with questions of monetary policy transmission, financial stability, and macroeconomic forecasting. His work has implications for central bank decision-making in both advanced and emerging economies.