Searcher
Pilar Más Rodríguez
Pilar Más Rodríguez
BBVA Research - Principal Economist

Pilar Más is a Principal Economist at BBVA Research, where she works on economic analysis and research on Climate Change and Sustainability, aligned with BBVA's strategic priority.

Pilar has worked in the Spain and Portugal team at BBVA Research, on macroeconomic, sectoral and fiscal analysis for the Spanish economy.

Previously, she spent a large part of her professional career in the Spanish Public Administration and, in particular, in the Ministry of Economy, where she held several management positions. She was Director General for Macroeconomic Analysis and International Finance and Executive Advisor at the Spanish Treasury.

She led the representation of Spain in the Economic Policy Committees of the European Union and of the OECD, as well as in the main multilateral banks, including the World Bank Group, the Inter-American Development Bank (IDB) and CAF-Development Bank of Latin America, among others.

She has been a Member of the Higher Statistics Council; of the Inter-territorial Commission for Development Cooperation and of the Board of Trustees of the Spanish Foundation for International Cooperation, Health and Social Policy. Member of the Management Board of the ‘Centro para el Desarrollo Tecnológico Industrial (CDTI)’, of the ‘Sociedad Estatal España. Expansión Exterior S.A.’ and of the ‘Comisionado del Mercado de Tabacos’.

She has a degree in Mathematics from the Complutense University of Madrid, a degree in Economics from the National University of Distance Education (UNED), a Master´s degree in Public Management from the Institute for Fiscal Studies and the School of Industrial Organization (EOI) and an Executive Development Program by IESE. She is a member of the Higher Board of Central Government Statisticians.

In the academic field, she has been Associate Professor of Degree at Complutense University of Madrid and Associate Professor of Master Degree at University of Alcalá. She has been a speaker in national and international conferences and seminars about economy and finance.

Latest publications

The cost of capital is vital for renewable energy projects due to high investment needs, policy uncertainty, and early-stage risks. De-risking strategies can lower costs, particularly in developing economies. However, for emerging cleantech, these strategies must balance innovation and competition.
The European Union (EU) has resolved to achieve climate neutrality by 2050 and, in order to do so, has established an ambitious and decisive strategy whose effects are already beginning to be felt.
The Letta report provides a comprehensive assessment of the European Union's single market and contains a set of policy proposals for its future development. They have the potential to impact the European strategic agenda for the next few years, particularly to strengthen the green transition with targeted recommendations.