Time Series Analysis, Economic Growth and Infrastructure Investment, Forecast of Stock Quotes, Temporary Structure of Interest Rates, Theoretical Models of the Exchange Rate.

Head of the Economics and Management division (since June 2004), Director of the Internal Quality Assurance Department (since January 2016) and Acting Director (June 2004-December 2005) at Colegio Universitario Cardenal Cisneros, a Higher Education Centre affiliated to the Universidad Complutense de Madrid.

Assistant Professor (1979-1982), Professor in charge of the course (1983-1987), Interim Full Professor (1987-1988), Tenured Associate Professor (1988-1999), Director of the Master in Economic Analysis and Financial Economy (1999-2005), and Tenured Full Professor in Econometrics at Universidad Complutense de Madrid.

León Navarro, Manuel; Flores de Frutos, Rafael: “Housing versus financial wealth effects on consumption: a breaking down method of the dynamic response of consumption to an interest rate shock”, Economic Modelling, 49, 81-90,2015.

Cosculluela Martínez, Carolina; Flores de Frutos, Rafael: “Transportation investment: Effects on the Spanish economy”, European Journal of Transport and Infrastructure Research, 15(4), 376-395, 2015.

Cosculluela Martínez, Carolina; Flores de Frutos, Rafael: “Housing investment in Spain: Has it been the main engine of growth?”, Applied Economics, 45(14), 1835-1843, 2013.

León Navarro, Manuel; Flores de Frutos, Rafael: “Consumption and housing wealth: breakdown of the effect of a rise in interest rates”, Applied Economics, 44, 2091-2110, 2012.

Jiménez Martín, Juan Ángel; Flores de Frutos, Rafael: "Seasonal fluctuations and dynamic equilibrium models of exchange rate", Applied Economics, 41, 2635-2652, 2009.