GONZALO RUBIO Full Professor of Economics and Finance Department of Economics and Business School of Law, Business and Political Sciences University CEU Cardenal Herrera E-mail: [email protected] Plaza Reyes Católicos 19 03204 Elche, Alicante, Spain Phone (34) 965426486 (ext 67409) Fax (34) 965459561 Independent Board Member of BME Clearing and member of the Risk and Audit Committees EDUCATION Bachelor in Business Economics (University of the Basque Country); Master in Business Administration (MBA) Columbia University, New York; Ph.D. in Business Administration (Finance), University of California at Berkeley EXPERIENCE Associate Professor of Economics: University of Basque Country (1991-1993), Full Professor of Economics: University of the Basque Country (1993-2007), Full Professor of Economics and Finance: University CEU Cardenal Herrera (2007-present), Visiting Professor: CEMFI (1986-88), University Carlos III (1989-90), University Castilla La Mancha (2005-06), University Pompeu Fabra (2006-07), Visiting Professor, University of California at Berkeley, August 1990-September 1991. Teaching responsibilities at the Bachelor and MBA levels AWARDS - Winner Iddo Sarnat Award 1989. Best paper published in the Journal of Banking and Finance 1988. European Finance Association (EFA), Stockholm, September 1989. - Winner Best Award Paper on Equity Pricing, XVI Finance Forum 2008, ESADE, Barcelona, by Bolsas y Mercados Españoles (BME) for “Consumption, Liquidity, and the Cross-Sectional Variation of Expected Returns”. - Winner Best Award Paper on Financial Markets, XXVII Finance Forum 2019, Universidad Carlos III, Madrid, by Bolsas y Mercados Españoles (BME) for “Margining and Connectedness Dynamics of Equity Risk-Neutral Volatilities, Market Returns, and Treasury Bond Returns”. - Winner Ángel Herrera Award for Research on Social Sciences 2007-2008, and 2014-2015, Fundación Universitaria San Pablo CEU. - Winner Best Research Contribution in Social Sciences of the Public University of Navarra, 2015 and 2016, Pamplona (with Ana González-Urteaga) for the paper “The Cross-Sectional Variation of Volatility Risk Premia”. - Winner Ángel Herrera Award for Teaching Excellency 2009-2010, and 2014-2015, Fundación Universitaria San Pablo CEU. Five officially recognized six-year research periods, 1986-1991, 1992-1997, 1998-2003, 2004-2009 and 2010-2015. SELECTED PUBLICATIONS: “The Cross-Section of Expected Returns with MIDAS Betas” (with M. González and J. Nave), Journal of Financial and Quantitative Analysis, Vol. 47, 2012, 115-135, “Volatility Bounds, Size, and Real Activity Prediction” (with B. Nieto), Review of Finance, Vol. 18, 2014, 373-415, “The Cross-Sectional Variation of Volatility Risk Premia” (with A. González-Urteaga), Journal of Financial Economics, Vol. 119, 2016, 353-370, “The Joint Cross-Sectional Variation of Equity Returns and Volatilities” (with A. González-Urteaga), Journal of Banking and Finance, Vol. 75, 2017, 17-34.