José L. Torres is Professor of Macroeconomics in the Department of Economics and Economic History of the University of Málaga (Spain). His current research areas include technological change and economic growth, and stochastic dynamic general equilibrium models. He has published several books and a large number of articles in journals such as Research Policy, Technological and Economic Development of Economy, Journal of lnternational Financial Markets, lnstitutions and Money, Review of Economic Dynamics, lnformation Economics and Policy, Public Choice, Macroeconomic Dynamics, Journal of Macroeconomics, Eastern Europe Economics, Empirical Economics, Economic Modelling, Open Economies Review, and SERIES, among others.