Pau Rabanal
Last Updated: July 25, 2012
Pau Rabanal is an economist in the Institute for Capacity Development of the IMF. Between 2002 and 2006, he worked as an economist in the Monetary and Capital Markets, Western Hemisphere, and Middle East and Central Asia departments of the IMF. He was an economist in the research department at La Caixa in Barcelona between 2006 and 2008. After rejoining the IMF, he also worked in the Research Department.
Email: prabanal@imf.org
Personal WebPage: http://www.paurabanal.net/
Fluent In: Catalan, French, Spanish.
Education:
Ph.D. in Economics, New York University, 2002
M.A. in Economics and Finance, CEMFI, 1997
B.A. in Economics and Business Administration, Universitat Pompeu Fabra, 1995
IMF Books and Working Papers:
Deciding to Enter a Monetary Union: TheRole of Trade and Financial Linkages, Working Paper No. 12/240, October 02, 2012
Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?, Working Paper No. 12/13, January 01, 2012
How to Deal with Real Estate Booms: Lessons from Country Experiences, Working Paper No. 11/91, April 01, 2011
Policies for Macrofinancial Stability: Options to Deal with Real Estate Booms, Staff Discussion Notes No. 11/2, March 01, 2011
Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia, Working Paper No. 11/46, March 01, 2011
The Effects of Housing Prices and Monetary Policy in a Currency Union, Working Paper No. 11/6, January 01, 2011
Forecasting U.S. Investment, Working Paper No. 10/246, November 01, 2010
Investment - Specific Technology Shocks and International Business Cycles: An Empirical Assessment, Working Paper No. 10/207, September 01, 2010
Macroeconomic Patterns and Monetary Policy in the Run-up to Asset Price Busts, Working Paper No. 09/252, November 01, 2009
Monetary and Macroprudential Policy Rules in a Model with House Price Booms, Working Paper No. 09/251, November 01, 2009
The Drivers of Housing Cycles in Spain, Working Paper No. 09/203, September 01, 2009
Cointegrated TFP Processes and International Business Cycles, Working Paper No. 09/212, September 01, 2009
Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: What Is Important and What Is Not, Working Paper No. 06/177, July 01, 2006
Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data?, Working Paper No. 04/234, December 01, 2004
Monetary Policy Rules and the U.S. Business Cycle: Evidence and Implications, Working Paper No. 04/164, September 01, 2004
Prudential Issues in Less Diversified Economies, Working Paper No. 03/198, October 01, 2003
The Cost Channel of Monetary Policy: Further Evidence for the United States and the Euro Area, Working Paper No. 03/149, July 01, 2003
Inflation Targeting in the Context of IMF-Supported Adjustment Programs, Working Paper No. 01/31, March 01, 2001
Publications in Refereed Journals
Nontradable Goods and the Real Exchange Rate, forthcoming, Open Economies Review, with V. Tuesta
Monetary and Macroprudential Policy Rules in a Model with House Price Booms, 2012, with Prakash Kannan and Alasdair Scott. B.E. Journal of Macroeconomics, Contributions, Vol. 12, Issue 1, Article 16.
Cointegrated TFP Processes and International Business Cycles, 2011, with J. F. Rubio-Ramírez and V. Tuesta, Journal of Monetary Economics, Vol. 58, March, pp.156-171.
The Effects of Housing Prices and Monetary Policy in a Currency Union, 2011, with O. Aspachs-Bracons, forthcoming, International Journal of Central Banking, March 2011 issue.
Investment-Specific Technology Shocks and International Business Cycles: An Empirical Assessment, 2011, with F. Mandelman, J. F. Rubio-Ramírez and D. Vilán, Review of Economic Dynamics, Vol. 14, No. 1, pp. 136-155.
Recurring Patterns Around House Price Busts, 2011, with P. Kannan and A. Scott, Applied Economics Letters, Vol. 18, No. 2, pp. 107-113.
Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: An Assessment, 2010, with V. Tuesta, Journal of Economic Dynamics and Control, Vol. 34, April, pp. 780-797.
The Drivers of Housing Cycles in Spain, 2010, with O. Aspachs-Bracons, SERIES: Journal of the Spanish Economic Association, Vol. 1-2, March, pp. 101-130.
Inflation Differentials Between Spain and the EMU: A DSGE Perspective, 2009, Journal of Money, Credit, and Banking, Vol. 41, No. 6, pp. 1141-1166.
Comparing New Keynesian Models in the Euro Area: A Bayesian Approach, 2008, with J. F. Rubio-Ramírez, Spanish Economic Review, Vol. 10, March, pp. 23-40.
Does Inflation Increase After a Monetary Policy Tightening? Answers Based on an Estimated DSGE Model, 2007, Journal of Economic Dynamics and Control, Vol. 31, March, pp. 906-937
Comparing New Keynesian Models of the Business Cycle: A Bayesian Approach, 2005, with J. F. Rubio-Ramírez, Journal of Monetary Economics, Vol. 52, September, pp. 1151-1166.
Economies of Scale, Trade Barriers and Foreign Direct Investment in Spain, 2001, Investigaciones Económicas, vol. XXV (1), pp. 31–61.
Other IMF Publications
Inflation Targeting in the Context of IMF-Supported Adjustment Programs, with M. Blejer, A. Leone, and G. Schwartz, International Monetary Fund Staff Papers 2002, vol.49 (3), pp. 313–38.
Lessons For Monetary Policy From Asset Price Fluctuations, Chapter 3 of October 2009 World Economic Outlook. With A. Fatas, P. Kannan and A. Scott.
Other/Non-IMF Publications
Technology Shocks and Aggregate Fluctuations: How Well does the RBC Model Fit Post-War U.S. Data?, with J. Galí, NBER Macroeconomics Annual 2005, Vol. 19, pp. 225-288.
Inflation Persistence: How Much Can We Explain?, 2003, with J. F. Rubio-Ramírez, Federal Reserve Bank of Atlanta Economic Review, vol.88(2), pp. 43-55.
Pau Rabanal is an economist in the Institute for Capacity Development of the IMF. Between 2002 and 2006, he worked as an economist in the Monetary and Capital Markets, Western Hemisphere, and Middle East and Central Asia departments of the IMF. He was an economist in the research department at La Caixa in Barcelona between 2006 and 2008. After rejoining the IMF, he also worked in the Research Department.
Email: prabanal@imf.org
Personal WebPage: http://www.paurabanal.net/
Fluent In: Catalan, French, Spanish.
Education:
Ph.D. in Economics, New York University, 2002
M.A. in Economics and Finance, CEMFI, 1997
B.A. in Economics and Business Administration, Universitat Pompeu Fabra, 1995
IMF Books and Working Papers:
Deciding to Enter a Monetary Union: TheRole of Trade and Financial Linkages, Working Paper No. 12/240, October 02, 2012
Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?, Working Paper No. 12/13, January 01, 2012
How to Deal with Real Estate Booms: Lessons from Country Experiences, Working Paper No. 11/91, April 01, 2011
Policies for Macrofinancial Stability: Options to Deal with Real Estate Booms, Staff Discussion Notes No. 11/2, March 01, 2011
Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia, Working Paper No. 11/46, March 01, 2011
The Effects of Housing Prices and Monetary Policy in a Currency Union, Working Paper No. 11/6, January 01, 2011
Forecasting U.S. Investment, Working Paper No. 10/246, November 01, 2010
Investment - Specific Technology Shocks and International Business Cycles: An Empirical Assessment, Working Paper No. 10/207, September 01, 2010
Macroeconomic Patterns and Monetary Policy in the Run-up to Asset Price Busts, Working Paper No. 09/252, November 01, 2009
Monetary and Macroprudential Policy Rules in a Model with House Price Booms, Working Paper No. 09/251, November 01, 2009
The Drivers of Housing Cycles in Spain, Working Paper No. 09/203, September 01, 2009
Cointegrated TFP Processes and International Business Cycles, Working Paper No. 09/212, September 01, 2009
Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: What Is Important and What Is Not, Working Paper No. 06/177, July 01, 2006
Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data?, Working Paper No. 04/234, December 01, 2004
Monetary Policy Rules and the U.S. Business Cycle: Evidence and Implications, Working Paper No. 04/164, September 01, 2004
Prudential Issues in Less Diversified Economies, Working Paper No. 03/198, October 01, 2003
The Cost Channel of Monetary Policy: Further Evidence for the United States and the Euro Area, Working Paper No. 03/149, July 01, 2003
Inflation Targeting in the Context of IMF-Supported Adjustment Programs, Working Paper No. 01/31, March 01, 2001
Publications in Refereed Journals
Nontradable Goods and the Real Exchange Rate, forthcoming, Open Economies Review, with V. Tuesta
Monetary and Macroprudential Policy Rules in a Model with House Price Booms, 2012, with Prakash Kannan and Alasdair Scott. B.E. Journal of Macroeconomics, Contributions, Vol. 12, Issue 1, Article 16.
Cointegrated TFP Processes and International Business Cycles, 2011, with J. F. Rubio-Ramírez and V. Tuesta, Journal of Monetary Economics, Vol. 58, March, pp.156-171.
The Effects of Housing Prices and Monetary Policy in a Currency Union, 2011, with O. Aspachs-Bracons, forthcoming, International Journal of Central Banking, March 2011 issue.
Investment-Specific Technology Shocks and International Business Cycles: An Empirical Assessment, 2011, with F. Mandelman, J. F. Rubio-Ramírez and D. Vilán, Review of Economic Dynamics, Vol. 14, No. 1, pp. 136-155.
Recurring Patterns Around House Price Busts, 2011, with P. Kannan and A. Scott, Applied Economics Letters, Vol. 18, No. 2, pp. 107-113.
Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: An Assessment, 2010, with V. Tuesta, Journal of Economic Dynamics and Control, Vol. 34, April, pp. 780-797.
The Drivers of Housing Cycles in Spain, 2010, with O. Aspachs-Bracons, SERIES: Journal of the Spanish Economic Association, Vol. 1-2, March, pp. 101-130.
Inflation Differentials Between Spain and the EMU: A DSGE Perspective, 2009, Journal of Money, Credit, and Banking, Vol. 41, No. 6, pp. 1141-1166.
Comparing New Keynesian Models in the Euro Area: A Bayesian Approach, 2008, with J. F. Rubio-Ramírez, Spanish Economic Review, Vol. 10, March, pp. 23-40.
Does Inflation Increase After a Monetary Policy Tightening? Answers Based on an Estimated DSGE Model, 2007, Journal of Economic Dynamics and Control, Vol. 31, March, pp. 906-937
Comparing New Keynesian Models of the Business Cycle: A Bayesian Approach, 2005, with J. F. Rubio-Ramírez, Journal of Monetary Economics, Vol. 52, September, pp. 1151-1166.
Economies of Scale, Trade Barriers and Foreign Direct Investment in Spain, 2001, Investigaciones Económicas, vol. XXV (1), pp. 31–61.
Other IMF Publications
Inflation Targeting in the Context of IMF-Supported Adjustment Programs, with M. Blejer, A. Leone, and G. Schwartz, International Monetary Fund Staff Papers 2002, vol.49 (3), pp. 313–38.
Lessons For Monetary Policy From Asset Price Fluctuations, Chapter 3 of October 2009 World Economic Outlook. With A. Fatas, P. Kannan and A. Scott.
Other/Non-IMF Publications
Technology Shocks and Aggregate Fluctuations: How Well does the RBC Model Fit Post-War U.S. Data?, with J. Galí, NBER Macroeconomics Annual 2005, Vol. 19, pp. 225-288.
Inflation Persistence: How Much Can We Explain?, 2003, with J. F. Rubio-Ramírez, Federal Reserve Bank of Atlanta Economic Review, vol.88(2), pp. 43-55.