Sound, timely and well-designed economic policy-making is essential for macroeconomic stability and economic development. My contributions are listed below.
International Monetary Fund, 2016-:
Keywords: surveillance | program design and conditionality | structural reforms | labor and product market reforms | informality | governance/corruption | social safety nets
Republic of Fiji: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Fiji, International Monetary Fund Country Report No. 2026/118, June 2026. See the analysis on the fiscal sector and an annex on fiscal frameworks!
Press coverage: The Fiji Times.
October 2025 Fiscal Monitor; Spending Smarter: How Efficient and Well-Allocated Public Spending Can Boost Economic Growth, International Monetary Fund, October 2025.
Press coverage - Financial Times, Bloomberg, Reuters, AFP, CNBC, Xinhua, The Economic Times, and Agencia EFE -, and more: here.
New Zealand: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for New Zealand, International Monetary Fund Country Report No. 2025/114, May 2025. See an annex on pension reforms!
IMF Engagement on Education Spending in Surveillance and Program Work, International Monetary Fund Technical Notes and Manuals No. 2025/007, May 2025.
Chapter 2, April 2025 World Economic Outlook; The Rise of the Silver Economy: Global Implications of Population Aging, International Monetary Fund, April 2025. See Box 2.2 on Intergenerational Considerations in Pension Reforms!
Republic of Azerbaijan: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Azerbaijan, International Monetary Fund Country Report No. 2025/098, April 2025. See an annex on fiscal frameworks!
Operational Guidance Note for IMF Engagement on Social Spending Issues, International Monetary Fund Policy Paper No. 2024/022, April 2024.
A related paper on expenditure policy conditionality was released with the title of Designing Expenditure Policy Conditionality in IMF-Supported Programs (Hanedar and Munkacsi, 2025).
Operational Guidance Note On Program Design and Conditionality, International Monetary Fund Policy Paper No. 2024/004, January 2024.
Republic of Korea: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea, International Monetary Fund Country Report No. 2023/369, November 2023. See an annex on pension reforms!
Press coverage: The Korea Herald.
Bosnia and Herzegovina: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bosnia and Herzegovina, International Monetary Fund Country Report No. 2023/324, September 2023. See the analysis on the fiscal sector!
Bosnia and Herzegovina: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bosnia and Herzegovina, International Monetary Fund Country Report No. 2022/167, June 2022. See the analysis on the fiscal sector!
Republic of Serbia : Fourth Review under the Policy Coordination Instrument-Press Release and Staff Report, International Monetary Fund Country Report No. 2020/270, August 2020. See the analysis on the external sector!
Republic of Serbia : Third Review under the Policy Coordination Instrument-Press Release; and Staff Report, International Monetary Fund Country Report No. 19/369, December 2019. See the analysis on the external sector!
Press coverage: Reuters, SeeNews.
Promoting Job-Rich Growth in Morocco Through Well-Sequenced Structural Reforms, in the 2019 Morocco: Selected Issues, International Monetary Fund Country Report No. 19/231, July 2019.
Press coverage: Medias24.
2018 Review of Program Design and Conditionality, International Monetary Fund Policy Paper No. 19/012, April 2019.
A background material on structural reforms was released with the title of How to Gain the Most from Structural Conditionality of IMF-Supported Programs (Andritzky and others, 2021).
Kenya : Staff Report for the 2018 Article IV Consultation and Establishment of Performance Criteria for the Second Review Under the Stand-by Arrangement, International Monetary Fund Country Report No. 18/295, October 2018. See the analysis on the external sector!
Press coverage: Twitter.
Informality in Colombia, in the 2018 Colombia: Selected Issues, International Monetary Fund Country Report No. 18/129, May 2018.
Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement, International Monetary Fund Policy Paper, April 2018.
2018 Interim Surveillance Review, International Monetary Fund Policy Paper, April 2018.
Labor Market Informality in Argentina: Evolution, Incentives, and Policies, in the 2017 Argentina: Selected Issues, International Monetary Fund Country Report No. 17/410, December 2017.
2017 Joint Review of the Standards and Codes Initiative, International Monetary Fund Policy Paper, August 2017.
The Role of the Fund in Governance Issues - Review of the Guidance Note - Preliminary Considerations, and its Background Notes, International Monetary Fund Policy Papers, August 2017.
Peru: 2017 Article IV Consultation-Press Release; and Staff Report, International Monetary Fund Country Report No. 17/166, June 2017. See a box on labor market reforms!
Scope and Focus of the 2017 Review of the Standards and Codes Initiative, International Monetary Fund Policy Paper, February 2017.
European Central Bank, in 2018:
Keywords: aging | pension reforms
The Economic Impact of Population Ageing and Pension Reforms, in the ECB Economic Bulletin, European Central Bank, Issue 2/2018, March 2018.
Press coverage (examples): Financial Times, Twitter.
Lithuanian Fiscal Institution, in 2017:
Keywords: macroeconomic projections | fiscal policy
Informal Meeting with the Lithuanian Fiscal Institution, September 2018.
First Meeting of the Lithuanian Fiscal Institution's Advisory Panel, May 2017.
National Bank of Hungary, 2007-2009:
Keywords: international trade projections | competitiveness