Congratulations to Professor Miguel León-Ledesma on his appointment as Fellow of the Centre for Economic Policy Research (CEPR). The prestigious CEPR is a research network of economists established in 1983 to enhance economic policy making in Europe. Based in London, CEPR’s network of Research Fellows and Affiliates includes over 1,000 of the top economists in the world conducting research on issues affecting the European economy. Miguel has been appointed Fellow of the Macroeconomics and Growth programme area.