James Costain has been a Staff Economist in the Monetary and Financial Studies Department of the Banco de España (Bank of Spain) since 2006. He received his doctorate in economics from the University of Chicago in 1997, and has been a Faculty Member at Universitat Pompeu Fabra (Barcelona) and Universidad Carlos III (Madrid), as well as a frequent visitor at the University of California, Santa Cruz. James’ research studies how realistic frictions affect the dynamics of general equilibrium models of the macroeconomy. He has especially focused on search frictions in the labour market, incomplete insurance markets, nominal rigidities, aggregation of heterogeneous information, and costly decision-making.
VoxEU Column
Price and wage setting when accurate decisions are costly: Implications for monetary policy transmission
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- Industrial organisation 
- Monetary Policy
VoxEU Column
Errors as a source of macroeconomic frictions
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- Macroeconomic policy 
- Monetary Policy