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Hugo Rodríguez Mendizábal joined the institute in 2006. He has previously been an assistant professor at the Universitat Autònoma de Barcelona. His main research area is Monetary Economics. In particular he has worked on the monetary transmission mechanism from two perspectives. On the one hand part of his work deals with understanding how commercial banks affect the financing of economic activity. On the other hand he has also analyzed how the way monetary policy is implemented by central banks may influence the behavior of short term interest rates.