Federico Grinberg

Economist Monetary and Capital Markets Department International Monetary Fund

fgrinberg (at) imf.org federicogrinberg (at) gmail.com



Disclaimer: The views expressed on this website are my own and do not necessarily reflect those of the International Monetary Fund, its Executive Board, or its Management.

Work in progress and completed working papers

"The Macro-financial Effects of International Bank Lending on Emerging Markets" (2020), jointly with Iñaki Aldasoro, Paula Beltran, and Tommaso Mancini-Griffoli. BIS Working Paper No 899. Submitted

"Has Higher Household Indebtedness Weakened Monetary Policy Transmission?" (2019), jointly with Gaston Gelos, Tommaso Mancini-Griffoli, Shujaat Khan, Machiko Narita, and Umang Rawat, IMF Working Paper WP 19/11. Also featured in VOXEU. Submitted.

"The Term Structure of Growth-at-Risk" (2019), jointly with Tobias Adrian, Nellie Liang, Sherheryar Malik, and Eva Yu. Hutchins Working Paper #42. An older version was also published as IMF Working Paper WP/18/180. Resubmitted.

"Large Currency Depreciations and Menu Costs" (2018). Mimeo


Book Chapters:

Monetary Policy and Financial Conditions: A Cross-Country Study, 2018, jointly with Tobias Adrian, Fernando Duarte, and Tommaso Mancini-Griffoli. In Advancing the Frontiers of Monetary Policy. Edited by T. Adrian, D. Laxton, and M. Obstfeld. Also published as CEPR Working Paper


Policy Papers

Casting Light on Central Bank Digital Currencies”, contributing author. Lead authors: T. Mancini-Griffoli, S. Martinez Peria, I. Agur, Anil Ari, J. Kiff ; A.Popescu, and C. Rochon , IMF Staff Discussion Notes No. 18/08.

“Balance Sheet Approach: How Much Has Spain Adjusted” , with Phakawa Jeasakul, Technical note for Spain’s 2016 Article IV consultation.

“Assessing Spain’s Competitiveness”, Selected Issues Paper for Spain’s 2016 Article IV consultation.

“The Real Estate Market in Malta: Recovery or Overheating?”, Selected Issues Paper for Malta’s 2016 Article IV consultation.

“A Financial Conditions Index for Malta”, Selected Issues Paper for Malta’s 2016 Article IV consultation.

“Potential Output in Malta: A Re-assessment” (with Nina Budina), January 2016, Selected Issues Paper for Malta’s 2015 Article IV consultation.