Economist, European Department, International Monetary Fund

700 19th St NW, Washington, DC 20431

email: dgarciamacia at imf.org

PhD Economics, Stanford University

Interests: Macroeconomics, Finance, Economic Growth, Innovation

Curriculum Vitae

The views expressed herein are my own and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Refereed Publications

How Destructive is Innovation?, with Chang-Tai Hsieh & Peter Klenow, Econometrica (forthcoming)

Coverage: NBER Digest, Chicago Booth Review, Financial Times, Bloomberg

Working Papers

The Financing of Ideas and the Great Deviation, IMF Working Paper 17/176, under revision for the Journal of Monetary Economics

Awarded the Kauffman Dissertation Fellowship (2014), Ewing Marion Kauffman Foundation

Macroprudential Policy with Liquidity Panics, with Alonso Villacorta, ESRB Working Paper No. 24

Runner-up of the Ieke van den Burg Prize for Research on Systemic Risk (2016), European Central Bank

The Stabilizing Role of Net Foreign Asset Returns, with Gustavo Adler, IMF Working Paper 18/79

Household Wealth and Resilience to Financial Shocks in Italy, IMF Working Paper 18/196

The Insolvency Regime for Large Enterprises in Italy: An Economic and Legal Assessment, IMF Working Paper 18/218, with Nazim Belhocine and José Garrido

Corporate Financing of Innovation and the Medium-Run Cycle

Sean Buckley Memorial Award for the Best Second-Year Paper (2013), Economics Department, Stanford University

From Wood to Coal May Well Be from Malthus to Solow, with Egemen Eren

The Measurement of External Accounts, with Gustavo Adler and Signe Krogstrup

Compliance with the Stability and Growth Pact: Counterfactual Scenarios, with Nathaniel Arnold

International Financial Integration and the Exchange Rate Disconnect, with Gustavo Adler and Igor Cesarec

Policy Contributions

Italy: 2018 Article IV Consultation Staff Report, IMF, 2019

The External Balance Assessment Methodology: 2018 Update, IMF Working Paper 19/65

2018 Refinements to the External Balance Assessment Methodology, Technical Supplement, IMF, 2018

2017 External Sector Report, IMF, 2017

2015 Refinements to the External Balance Assessment (EBA) Methodology, Technical Background Note, IMF, 2017

Strengthening the Euro Area: The Role of National Structural Reforms in Building Resilience, IMF Staff Discussion Note (forthcoming)

Non-Refereed Publications

An Open-Economy Neoclassical Growth Model with a Two-Party System, with Pau Roldan & Peter Zorn, Addenda Review, 3, Spring 2012.