Research and Policy Work
Journal Articles
Dividend Taxation and Financial Business Cycles - Co-authored with Roy Zilberman (Lancaster University) - Economics Letters (Forthcoming) - [Journal Version]
Macroeconomic Effects of Dividend Taxation with Investment Credit Limits - Co-authored with Roy Zilberman (Lancaster University) - Journal of Political Economy Macroeconomics (Forthcoming) - [Journal Version] [Revised Working Paper Version: Lancaster University Working Paper - First Version: IMF Working Paper]
Public Investment in a Developing Country Facing Natural Resource Depletion - Co-authored with Adrian Alter and Dalia Hakura (IMF) - Journal of African Economies - Vol. 26(3), pages 295-321, June 2017. [Journal Version]
Capital Flows, Financial Intermediation and Macroprudential Policies - Co-authored with Shanaka J. Peiris (IMF) - Open Economies Review - Vol. 27(4), pages 721-746, September 2016. [Journal Version] [IMF Working Paper Version]
Investment Scaling-up and the Role of Government - Co-authored with Sergio Sola (IMF) - Applied Economics - Vol. 48(38), pages 3605-3625, 2016. [Journal Version] [IMF Working Paper Version]
Aggregate Stability and Balanced-Budget Rules - Co-authored with Raffaele Rossi (University of Manchester) - Journal of Money, Credit and Banking - Vol. 46, pages 1787-1809, December 2014. [Journal Version] [IMF Working Paper Version]
Books
Capital Flows and Macroprudential Policy: a Framework for Emerging Asia - Co-authored with Shanaka J. Peiris (IMF) - In "Macroprudential Policy and Practice", Cambridge University Press, 2018.
IMF Departmental Papers
A Growth Friendly Path for Building Fiscal Buffers in CCA Countries - Co-authored with Edward Gemayel, Lorraine Ocampos and James Aylward - Middle East and Central Asia Departmental Paper No. 18/6. [PDF Version]
Make Investment Scaling-up Work for Stronger Growth in Benin: A Systematic Macro-Fiscal Analysis - Co-authored with Karim Barhoumi, Qiang Cui, Christine Dieterich, Nicolas End, Alexander Raabe, and Sergio Sola - African Departmental Paper No. 16/1, 2016. [PDF Version]
Sustaining More Inclusive Growth in the Republic of Congo - Co-authored with Adrian Alter, Dalia Hakura, Rodolfo Maino, Cameron McLoughlin and Maximilien Queyranne - African Departmental Paper No. 15/2, 2015. [PDF Version]
Policy Notes
Withdrawal of Correspondent Banking Relationships in the Caucasus and Central Asia: Recent Trends, Drivers and Impact - Co-authored with Rayah Al-Farah (IMF) and Padamja Khandelwal (IMF).
Regional Economic Outlook
2021 October - Western Hemisphere Regional Economic Outlook - Chapter 3 Climate Change Challenges in Latin America and the Caribbean
2020 October - Western Hemisphere Regional Economic Outlook - Box 1 Sovereign Debt Restructuring in Argentina and Ecuador - Co-authored with Michael Perks
2017 October - Middle East and Central Asia Regional Economic Outlook - Box 3.2 Setting the Course for Growth-Friendly Fiscal Policy in the Caucasus and Central Asia - Co-authored with Edward Gemayel, Lorraine Ocampos and James Aylward.
2016 October - Middle East and Central Asia Regional Economic Outlook - Box 3.1 Exploring Effects of Currency Adjustment in CCA Countries - Co-authored with Tarak Jardak, Keyra Primus, Saad Quayyum, Juan Treviño, and Hong Yang.
2014 April - Asia and Pacific Regional Economic Outlook - Box 4.3 Countercyclical Capital Requirements Amid Capital Flows Volatility: Possible Benefits for Asia - Co-authored with Shanaka J. Peiris.
IMF Country Focus
Navigating Fiscal Policy in Uncharted Waters: What's Next for the CCA region? [Link]
Selected Issues Papers
2023 - Mexico - Gender Participation Gaps, Fiscal Policies, and Legal Impediments to Women Empowerment: a Deep Dive on Gender Issues in Mexico - IMF Country Report No. 2023/357
2021 - Ecuador - Natural Disasters, Climate-Related Physical and Transition Risks in Ecuador - IMF Country Report No. 2021/229
2018 - Republic of Kazakhstan - Fiscal Risk Management - IMF Country Report No. 18/278
2017 - Republic of Kazakhstan - Oil Rules and Anchoring Fiscal Policy - IMF Country Report No. 17/109
2015 - Central African Economic and Monetary Community - CEMAC: Application of a Debt-Investment-Growth Model - IMF Country Report No. 15/308
2014 - Republic of Congo - Public Investment, Natural Resources, and Debt Sustainability - IMF Country Report No. 14/273
Country Reports
2023 - Mexico - Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement - IMF Country Report No. 2023/368
2023 - Mexico - Staff Report for the 2023 Article IV Consultation - IMF Country Report No. 2023/356
2023 - Brazil - Staff Report for the 2023 Article IV Consultation - IMF Country Report No. 2023/288
2021 - Ecuador - Article IV Consultation, Second and Third Review under the Extended Fund Facility Arrangement - IMF Country Report No. 2021/228
2020 - Ecuador - First Review under the Extended Fund Facility Arrangement - IMF Country Report No. 20/325
2020 - Ecuador - Request for an Extended Arrangement Under the Extended Fund Facility - IMF Country Report No. 20/286
2020 - Ecuador - Request for Purchase under the Rapid Financing Instrument and Cancellation of Arrangement under the Extended Fund Facility - IMF Country Report No. 20/178
2019 - Ecuador - Second and Third Reviews under the Extended Fund Facility Arrangement - IMF Country Report No. 19/379
2019 - Ecuador - First Review under the Extended Fund Facility Arrangement - IMF Country Report No. 19/210
2019 - Ecuador - Staff Report for the 2019 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility - IMF Country Report No. 19/97
2018 - Republic of Kazakhstan - Staff Report for the 2018 Article IV Consultation - IMF Country Report No. 18/277
2018 - Republic of Uzbekistan - Staff Report for the 2018 Article IV Consultation - IMF Country Report No. 18/117
2017 - Republic of Kazakhstan - Staff Report for the 2017 Article IV Consultation - IMF Country Report No. 17/108
2015 - Republic of Kazakhstan - Staff Report for the 2015 Article IV Consultation - IMF Country Report No. 15/241
2014 - Republic of Congo - Staff Report for the 2014 Article IV Consultation - IMF Country Report No. 14/272
2013 - Chad - Staff Report for the 2013 Article IV Consultation - IMF Country Report No. 14/100