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Faculty and Staff

Manuel  Santos

Manuel Santos

Department Chair, Professor, James L. Knight Chair, Economics

(305) 284-3984
Jenkins 521

Research Interests

  • Growth and development
  • Computation, money and financial markets

Selected Publications

Fernandez-Villaverde, J., J. Rubio-Ramirez, and Manuel Santos, 2006, "Convergence properties of the likelihood of computed dynamic models," Econometrica, 74:93-120.

Peralta-Alva, A. and Manuel Santos, 2005, "Accuracy of simulations for stochastic dynamic models," Econometrica, 73:1939-1976.

Santos, Manuel, 2002, "On non-existence of Markov equilibria in competitive-market economies," Journal of Economic Theory, 105:73-98.

Ortigueira, S. and Manuel Santos, 2002, "Equilibrium dynamics in a two-sector model with taxes," Journal of Economic Theory, 105:98-119.

Santos, Manuel, 2000, "Accuracy of numerical solutions using the Euler equation residuals," Econometrica, 68:1377-1402.

Ladrón de Guevara, A., S. Ortigueira, and Manuel Santos, 1999, "A two-sector model of endogenous growth with leisure," Review of Economic Studies, 66:609-632.

Santos, Manuel and J. Vigo, 1998, "Analysis of error for a dynamic programming algorithm," Econometrica, 66:409-426.

Bona, J. and Manuel Santos, 1997, "On the role of computation in economic theory," Journal of Economic Theory, 72:241-281.

Ortigueira, S. and Manuel Santos, 1997, "On the speed of convergence in endogenous growth models," American Economic Review, 1997, 87:383-399.

Santos, Manuel and M. Woodford, 1997, "Rational asset pricing bubbles," Econometrica, 65:19-57.

Hernández, A. and Manuel Santos, 1996, "Competitive equilibria for infinite horizon economies with incomplete markets," Journal of Economic Theory, 71:102-130.

Caballé, J. and Manuel Santos, 1993, "On endogenous growth with physical and human capital," Journal of Political Economy, 101:1042-1067.

Santos, Manuel, 1992, "Differentiability and comparative analysis in discrete-time optimization," Journal of Economic Theory, 57:222-229.

Santos, Manuel, 1991, "Smoothness of the policy function in discrete-time economic models," Econometrica, 59:1365-1382.


  • Ph.D., Economics, University of Chicago, 1984
  • M.A., Economics, University of Chicago, 1982
  • B.S., Licenciatura, Economics, Universidad Autónoma de Madrid, 1979


  • Macroeconomics - Computational Economics

    School of Business Administration
    P.O. Box 248027, Coral Gables, Florida 33124-6520
TEL: 305-284-4643
FAX: 305-284-6526
GRADUATE: 305-284-2510
UNDERGRADUATE: 305-284-4641