Research & Policy
Journal Articles
Guaranteeing trade in a severe crisis: cash collateral over bank guarantees (2023) Open Economies Review forthcoming, with A. Kotidis and D. Malliaropulos
Unconventional monetary policy spillovers in a small open economy (2020) Open Economies Review 31(5), with M. Popiel.
International Capital Market Frictions and Spillovers from Quantitative Easing (2017) Journal of International Money and Finance, 70, pp. 135-156. Online Appendix
Patterns of International Capital Flows and Productivity Growth: New Evidence (2015) Review of International Economics, 23(5), pp. 846-872. Online Appendix
Book Chapters
Financial Sector and Economic Growth (2022) with T. Xu in India's Financial System : Building the Foundations for Strong and Sustainable Growth, Edited by A. Schipke, J. Turunen, N. Choueiri, and A.M. Gulde. Washington D.C.: International Monetary Fund.
Macroprudential Policies and Financial Inclusion: Good Intentions and Unintended Consequences (2021) with C. Delechat, L. Kiyasseh, and R. Xu, in The Global Informal Workforce: Priorities for Inclusive Growth, Edited by C. Delechat and L. Medina. Washington D.C.: International Monetary Fund.
Working Papers
The Macroeconomic Effects of Global Migration, 2023, with P. Engler, R. Piazza, and G. Sher, IMF Working Paper No. 23/259 (Submitted)
A framework for climate change mitigation in India, 2023, with J. Chateau, G. Dang, J. Spray, S. Thube, IMF Working Paper No. 23/218
Financial Sector and Economic Growth in India, 2022, with TT. Xu, IMF Working Paper No. 22/137
The Effect of Tariffs in Global Value Chains, 2022, with J. Eugster, F. Jaumotte, and R. Piazza, IMF Working Paper No. 22/40
The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum, 2021, with J. Hanna and N.J. Harbo Hansen, IMF Working Paper No. 2021/027 (Reject & Resubmit)
Are Bilateral Trade Balances Irrelevant?, 2020, with J. Eugster, F. Jaumotte, and R. Piazza, IMF Working Paper No. 20/210
Drivers of Financial Access: The Role of Macroprudential Policies, 2020, with C. Delechat, L. Kiyasseh, and R. Xu, IMF Working Paper No. 20/74
Regional Growth Spillovers in Sub-Saharan Africa, 2019, with F. Arizala and M. Bellon, IMF Working Paper No. 19/160
Policy Work
Policy Work
India can balance curbing emissions and economic growth (2023) IMF Blog, with J. Spray
Market Reforms and Public Debt Dynamics in Emerging Market and Developing Economies 2023, with Z.Aligishiev ; G. Cugat ; R.A Duval ; D. Furceri ;J. Tovar Jalles ; M.MacDonald ; G.Melina ; F.Narita ; C.Papageorgiou ; C.Pizzinelli , IMF Working Paper 23/005
A Simple Guide to Estimating the Impact of COVID-19 on Travel and Hospitality Activity (2020) with R. Piazza and G. Sher, IMF Special Series on COVID-19
The Macroeconomic Effects of Global Migration, (2020) with P. Engler, R. Piazza, and G. Sher, World Economic Outlook, Chapter 4, April (in IMF Blog, Bloomberg, Jornal Económico). Podcast: Migration Part and Parcel of Healthy Global Economy
Drivers of Bilateral Trade and Spillovers from Tariffs (2019) with J. Eugster, F. Jaumotte, and R. Piazza, World Economic Outlook, Chapter 4, April (in IMF Blog, IMF Blog Chart of the Week, Financial Times, Wall Street Journal). Video : IMF-WB Annual Meetings Analytical Corner
IMF G-20 Surveillance Note G-20 Finance Ministers and Central Bank Governors’ Meetings (2019), Fukuoka, Japan (in IMF Blog)
Regional Spillovers in Sub-Saharan Africa : Exploring Different Channels, (2018) with F. Arizala, M. Bellon, M. Mlachila, and M. Yenice, IMF Spillover Note (in IMFBlog, World Economic Forum, Brookings, Finance & Development)
Future of Work: Measurement and Policy Challenges (2018) IMF G20 Background Note (in IMFBlog)
Estimating the Fiscal Multiplier for Cameroon (2018) with K. Kalonji and M. Sow, Selected Issues Paper in IMF Country Report No. 18/235.