"Shipping Costs and Inflation"

Journal of International Money and Finance 130: 102771, February 2023

(joint with Pragyan Deb, Davide Furceri, Daniel Jiménez and Jonathan D. Ostry)

[IMF Blog] [Short video] [Podcast] [VoxEU]

"The Impact of Uncertainty Shocks in Emerging Economies"

Journal of International Economics 90(2): 316-25, July 2013 

(joint with Luis Felipe Céspedes)

"Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: New Narrative Evidence from Latin America and the Caribbean"

Journal of Money, Credit and Banking 53(6): 1313-35, February 2021

(joint with Antonio David and Daniel Leigh) [Database of fiscal shocks]

"Monetary Policy Credibility and Exchange Rate Pass-Through"

International Journal of Central Banking  17(3): 61-94, September 2021

(joint with Bertrand Gruss, Nicolás Magud and Fabián Valencia) [VoxEU]

"Exchange Rate Flexibility, the Real Exchange Rate, and Adjustment to Terms-of-Trade Shocks"

Review of International Economics 29(2): 439-83, May 2021

(joint with Nicolás Magud and Juan Yépez)

"Disagreement about Future Inflation: Understanding the Benefits of Inflation Targeting and Transparency"

IMF Working Paper 18/24, January 2018

(joint with Steve Brito and Bertrand Gruss)

"U.S. Monetary Policy Normalization and Global Interest Rates"

IMF Working Paper 16/195, September 2016

(joint with Carlos Caceres, Ishak Demir, and Bertrand Gruss)

"Challenges for Central Banking: Lessons from Latin America"

Book published by the IMF, October 2016

(edited jointly with Hamid Faruqee, Luis Jácome, and Krishna Srinivasan)

"Capital Account Policies in Chile: Macro-financial Considerations Along the Path to Liberalization"

IMF Working Paper 13/107, May 2013

(joint with Pablo García Silva)

"Cueste lo que Cueste: La Batalla Por Salvar el Euro y Europa"

Book published by Ediciones UC, March 2013

(joint with Sebastián Claro)

"Let's Build a Better Data Economy"

Finance & Development 58(1): 10-13, March 2021

(joint with Vikram Haksar)

"Nowcasting with Google Trends in an Emerging Market"

Journal of Forecasting 32(4): 289-98, November 2011

(joint with Felipe Labbé)

"The Economics and Implications of Data: An Integrated Perspective"

IMF Departmental Paper 19/16, September 2019

(joint with Vikram Haksar) [IMF blog]

"India's Approach to Open Banking: Some Implications for Financial Inclusion"

IMF Working Paper 21/52, February 2021

Online summary in Finance & Development, July 2021

Chapter 11 in Open Banking (ed. Linda Jeng), Oxford University Press, March 2022

(joint with Vikram Haksar and Manasa Patnam)

"Toward a Global Approach to Data in the Digital Age"

 IMF Staff Discussion Note 2021/005, October 2021

(joint with Vikram Haksar, Emran Islam, Andrew Giddings, Kathleen Kao, Emanuel Kopp, and Gabriel Quiros) 

[IMF blog]

"Digital Money Across Borders: Macro-Financial Implications"

IMF Policy Paper 20/50, October 2020

(joint with a large team)

"Open Banking and the Economics of Data"

Chapter 7 in Open Banking (ed. Linda Jeng), Oxford University Press, March 2022

(joint with Vikram Haksar)

Argentina

Stand By Arrangement, First Review: IMF Country Report  18/297, October 2018 [SLA & PR]

Stand By Arrangement, Program request:  IMF Country Report 18/219, July 2018 [SLA & PR]

Guinea

2021 Article IV Consultation: IMF Country Report 21/146, July 2021 [Mission PR]

Extended Credit Facility, Fifth/Sixth Reviews: IMF Country Report 20/316, December 2020

Rapid Credit Facility (COVID-19): IMF Country Report 20/218, July 2020 [PR]

Extended Credit Facility, Fourth Review: IMF Country Report 20/111, April 2020

IMF Blog

"Timor-Leste's Opportunity to Turn its Wealth Into Economic Development", June 2025

"Asia Continues to Fuel Global Growth, but Economic Momentum is Slowing", October 2023

"How Soaring Shipping Costs Raise Prices Around the World", March 2022

"Higher Shipping Costs May Lift Asia’s Low Inflation", December 2021

"Needed: A Global Approach to Data in the Digital Age", October 2021

"The Economics of Data", September 2019

"How Flexible Exchange Rates Helped Latin America Adjust to Commodity Price Shocks", May 2017

"Learning to Adjust: The Effects of Currency Depreciations on Inflation in Latin America", May 2016

"To Hike or Not to Hike? Monetary Policy in Latin America During Fed Liftoff", October 2015

Indonesia

2023 Article IV Consultation: IMF Country Report 23/221, June 2023 [PR]

2022 Article IV Consultation: IMF Country Report 22/084, March 2022 [PR]

Japan

2025 Article IV Consultation: IMF Country Report 25/82, April 2025 [Mission CS & FDMD] [PR]

2024 Article IV Consultation: IMF Country Report 24/118, May 2024 [Mission CS & FDMD] [PR]

Regional Economic Outlook: Asia and Pacific

"Spillovers to Asia from Japan's Monetary Policy Normalization" (Online Box 1.2), October 2023

"The Outlook for Asia and Pacific: Sailing into Headwinds", October 2022

Regional Economic Outlook: Western Hemisphere

"Credibility, Communication, and Monetary Policy Procyclicality in Latin America", May 2018

"Fiscal Multipliers: How Will Consolidation Affect Latin America and the Caribbean?", May 2018

"External Adjustment to Terms of Trade Shifts", May 2017

"The Outlook for Latin America and the Caribbean: Managing Transitions", April 2016

"Exchange Rate Pass-Through in Latin America", April 2016

"To Hike or Not To Hike: Is That an Option for Latin America? Assessing Monetary Policy Autonomy", October 2015

Timor-Leste

2024 Article IV Consultation: IMF Country Report 2024/342, December 2024 [Mission PR] [Board PR]

2023 Article IV Consultation: IMF Country Report 2024/056, February 2024 [Mission PR] [Board PR]

Eulogy for my father, Robin W. B. Swallow

April 10, 2022

Beechwood National Memorial Centre; Ottawa, Canada

Commencement address to the class of 2006

May 24, 2006

University of British Columbia; Vancouver, Canada [Program]

Photographs I've taken along the way