Royal Academy of Economic and Financial Sciences

Royal Academy of Economic and Financial Sciences
Name	Royal Academy of Economic and Financial Sciences
Native name	Real Academia de Ciencias Económicas y Financieras
Formation	1900 (origins); reconstituted 1977
Type	Learned society
Headquarters	Madrid
Language	Spanish
Leader title	President

Contents

Royal Academy of Economic and Financial Sciences is a Spanish learned society based in Madrid that promotes study and dissemination of economics, finance, public administration, taxation and related fields. The Academy engages with national institutions such as the Cortes Generales, regional bodies like the Junta de Castilla y León, and international forums including the European Central Bank, International Monetary Fund, and Organisation for Economic Co-operation and Development.

History

The Academy traces origins to scholarly circles formed during the reign of Alfonso XIII and institutionalization in the early 20th century alongside contemporaries such as the Royal Academy of History, the Royal Academy of Moral and Political Sciences, and the Spanish Academy of Sciences. Throughout the Spanish Second Republic, the Spanish Civil War, and the Francoist Spain period, the Academy adapted its statutes in response to reforms inspired by figures like Joaquín Costa and influenced by fiscal debates involving the Ministry of Finance (Spain), the Bank of Spain, and the National Institute of Statistics (Spain). Democratic transition after the Spanish transition to democracy led to collaborations with the Universidad Complutense de Madrid, the Autonomous University of Madrid, and European partners such as the London School of Economics and Université Paris 1 Panthéon-Sorbonne.

The Academy's governance structure includes a presidency, a governing board, and specialized sections mirroring units in institutions like the Bank for International Settlements, the European Commission, and the World Bank. Membership comprises full academicians, corresponding members, and honorary members drawn from universities such as the University of Barcelona, the Pompeu Fabra University, and research centers like the Centre for Economic Policy Research and the Carlos III University of Madrid. Appointments have echoed procedures used by bodies like the Royal Spanish Academy and involve nominations from entities including the Ministry of Science and Innovation (Spain) and professional associations such as the Spanish Association of Economists.

The Academy organizes public lectures, symposia, and expert panels comparable to programs at the European University Institute, the Brookings Institution, and the Institute for Fiscal Studies (United Kingdom), and it advises legislative committees in the Cortes Generales and fiscal units in the Ministry of Economy and Finance (Spain). It conducts continuing education in partnership with the Instituto de Empresa, supervises scholarly awards akin to the Francois Quesnay Prize model, and hosts seminars featuring scholars affiliated with the London School of Economics, the Harvard Kennedy School, the Massachusetts Institute of Technology, and the University of Chicago.

The Academy publishes journals, monographs, and working papers comparable to outputs from the National Bureau of Economic Research, the CESifo Group, and the Centre for Economic Policy Research. Series include proceedings that mirror formats used by the American Economic Association, edited volumes similar to those of Oxford University Press and Cambridge University Press, and technical reports circulated to institutions such as the European Central Bank, the International Monetary Fund, and the World Bank. Research spans topics studied at the London School of Economics, HEC Paris, Bocconi University, and the Graduate Institute of International and Development Studies.

The Academy grants medals, honorary memberships, and prizes that parallel honors from the Nobel Prize in Economic Sciences, the Friedman Prize, and national awards like the Prince of Asturias Awards and the National Research Prize (Spain). Recipients have included economists associated with the Bank of Spain, academics from the University of Salamanca, policy-makers from the Ministry of Finance (Spain), and international scholars connected to the IMF and the European Commission.

The Academy maintains influence through technical reports submitted to the Cortes Generales, collaborative research with the Bank of Spain and the European Central Bank, and joint projects with universities such as the University of Navarra, the Complutense University of Madrid, and international centers including the Brookings Institution and the Peterson Institute for International Economics. It participates in advisory networks that include the OECD, the World Bank, and the United Nations Economic Commission for Europe, and it engages in comparative studies alongside the Royal Swedish Academy of Sciences and the Académie des Sciences Morales et Politiques.

Notable academicians and leaders have been drawn from figures who served in institutions such as the Bank of Spain, the Ministry of Finance (Spain), the European Commission, and universities like the Universidad Autónoma de Madrid, the University of Barcelona, and the Carlos III University of Madrid. Past presidents and members have collaborated with personalities linked to the European Central Bank, the International Monetary Fund, and scholars from Harvard University, Princeton University, Yale University, and Stanford University.

Category:Learned societies of Spain