Luis Serven is Senior Advisor in the World Bank’s Research Department, where he manages the Bank’s research program on Macroeconomics and Growth. He previously managed the Bank’s regional research program on Latin America and the Caribbean. Prior to joining the Bank he worked as a senior researcher at FEDEA, a Spanish think tank where he was part of the founding team, and taught at the Universidad Complutense of Madrid, the Massachusetts Institute of Technology (MIT), PUC-Rio de Janeiro, and CEMFI in Spain. He has published numerous books and articles in professional journals on macroeconomics, international finance, productivity and growth, and income distribution. His current research focuses on capital flows, fiscal policy, and productivity. He holds a Bachelor in Economics from the Universidad Complutense de Madrid and a Ph.D. in Economics from the Massachusetts Institute of Technology. Currently he is co-editor of The World Bank Economic Review and The World Bank Research Observer.