Arantxa Jarque is a senior policy economist in the Research Department. Jarque joined the Federal Reserve Bank of Richmond in September 2009 after teaching economics at the Universidad Carlos III de Madrid in Spain.
Jarque's research interests include dynamic contract theory, banking, and industrial organization. In particular, she studies dynamic principal-agent problems with moral hazard, focusing on situations in which the unobserved actions of the agent have a persistent effect in time. Jarque has applied some of her findings to the design of optimal CEO compensation and to analyzing incentive contracts in the financial sector.