POLICY

The views expressed in this website are mine and not necessarily those of the IMF or the IMF board.

At IMF, I have worked on country surveillance for U.S., China, Canada, and Australia, and covered a wide range of country policy issues in the areas of monetary, financial, fiscal, housing, inequality, external and internal sustainability, commodity, climate change and digitalization.

Policy Articles:

• “Hidden Value”, joint with E. Buffie, M. Andreolli and F. Zanna, is published on Finance & Development (September 2016, vol. 53, no. 3)

  • “Seven Questions on Estimating the Monetary Transmission Mechanism in Low-Income Countries”, joint with Christopher Adam and Andy Berg, IMF Research Bulletin, March 2016.

  • Global Housing Watch: Quarterly Update, April 2016 and onward, International Monetary Fund.

World Economic Outlook:

• • World Economic Outlook, “Box 1.3. Capital Flows and Financial Deepening in Developing Economies”, joint with Filippo Gori and Andrea Presbitero, Chapter 1 “Recent Developments and Prospects”, October 2015.

  • World Economic Outlook, “Box 2.2. Commodity Booms and Public Investment”, joint with Rudolfs Bems, Chapter 2 “Where Are Commodity Exporters Headed? Output Growth in the Aftermath of the Commodity Boom”, October 2015.

Op-Ed:

• • Op-Ed: "Chinese Real Estate Market: Outlook and Challenges" (中国房地产市场的前景和挑战), on the Caixin Magazine 财新网, joint with Prakash Loungani, March 11, 2016 (in Chinese).

  • Op-Ed: "Experts Confer on State of China’s Housing Market" on IMF Survey Magazine, joint with Hites Ahir and Prakash Loungani, IMF Research Department, January 29, 2016.

IMF Staff Discussion Note:

• • SPR-RES Staff Discussion Note “Macroeconomic Structural Policies and Income Inequality in Low-Income Developing Countries”, January 2017.

  • Staff Discussion Note "Work In Progress : Improving Youth Labor Market Outcomes in Emerging Market and Developing Economies", January 2019. (Box 2: Youth Employment and City-Level Trade Openness in China)

IMF Board Papers:

• • Macroeconomic Policy Frameworks for Resource-Rich Developing Countries, 2012.

  • Macroeconomic Policy Frameworks for Resource-Rich Developing Countries, Background Paper 1, 2012.

  • Macroeconomic Policy Frameworks for Resource-Rich Developing Countries--Analytic Frameworks and Applications, Background Paper 2, 2012.

IMF Country Reports:

• • China - Article IV Consultation, Staff Report, 2018 & 2019.

  • Australia - Article IV Consultation, Staff Report, 2017.

  • Mongolia - Article IV Consultation, Staff Report, 2015. Also, “From Natural Resource Boom to Sustainable Economic Growth: Lessons for Mongolia”, joint with Panav Gupta and Jiangyan Yu, IMF working paper 15/90.

  • United States: Spillover Report - 2011 (U.S. Fiscal Spillovers: Global Financing Conditions)

  • United States - Article IV, Staff Report 2011 (monetary policy and household financing)

  • United States - Article IV, Selected Issues, 2011 (Household Deleveraging and the Recovery)

  • Canada - Article IV, Staff Report 2010 (monetary policy and external sector)

  • Canada - Article IV, Selected Issues, 2010 (The Bumpy Road Ahead for North American Automakers)

  • United States - Article IV, Staff Report 2010 (monetary policy)

IMF Country Selected Issues:

• • Australia - Article IV consultation, Selected Issues Paper, 2017.

  • Burkina Faso - Article IV consultation, Natural Resource Application, 2017.

  • Ecuador - Article IV, Selected Issues Paper, 2015. "Ecuador's External Sector Assessment".

  • Niger - Article IV, Selected Issues Paper, 2015 "Natural Resource Boom for Niger: From Public Investment to Sustainable Economic Growth"

  • Islamic Republic of Mauritania - Article IV, Selected Issues Paper, 2015 "Public Investment, Natural Resource and Debt Sustainability"

  • Ghana – Article IV, Selected Issues Paper 2013.

  • Turkmenistan – Article IV, Selected Issues Paper 2013.

  • CEMAC – Article IV, Selected Issues Paper 2013.

  • United States – Spillover Report, “U.S. Fiscal Spillovers: Global Financing Conditions”, with Martin Sommer, the US 2011 Spillover Report, 2011.

  • United States - Article IV, Selected Issues Paper, "Household Deleveraging and the Recovery", 2011.

  • Canada - Article IV, Selected Issues Paper, "The Bumpy Road Ahead for North American Automakers", 2010.