Daniel Leigh is an Economist at the Research Department of the IMF, where he works on the World Economic Outlook. He also served on the IMF teams of a number of emerging market economies, including Colombia, Gabon, Hungary, Lithuania, and Peru. His research interests fall in the general field of international macroeconomics.
Fluent In: Czech, French, Spanish.
Ph.D., Economics, Johns Hopkins University, 1999-2004
M.Sc., Economics, London School of Economics, 1998-1999
B.A. (First Class Honours), Economics, University of Manchester, 1994-1998
International Monetary Fund, Research Department:
Economist (World Economic Studies division), 2009-
International Monetary Fund, Fiscal Affairs Department: Economist (Fiscal Policy division), 2006-2009; Economist Program (Fiscal Policy division), 2005-2006
International Monetary Fund, European Department:
Economist Program (Hungary and Lithuania country assignments), 2004-2005
IMF Books and Working Papers:
Okun's Law: Fit at 50?, Working Paper No. 13/10, January 14, 2013
Growth Forecast Errors and Fiscal Multipliers, Working Paper No. 13/1, January 03, 2013
Expansionary Austerity New International Evidence, Working Paper No. 11/158, July 01, 2011
A New Action-based Dataset of Fiscal Consolidation, Working Paper No. 11/128, June 01, 2011
To Starve or not to Starve the Beast?, Working Paper No. 10/199, September 01, 2010
What’s the Damage? Medium-term Output Dynamics After Banking Crises, Working Paper No. 09/245, November 01, 2009
Monetary Policy and the Lost Decade: Lessons from Japan, Working Paper No. 09/232, October 01, 2009
The Second Transition: Eastern Europe in Perspective, Working Paper No. 09/43, March 01, 2009
Fiscal and Monetary Policy During Downturns: Evidence from the G7, Working Paper No. 09/50, March 01, 2009
Monetary and Fiscal Policy Options for Dealing with External Shocks: Insights from the GIMF for Colombia, Working Paper No. 09/59, March 01, 2009
Achieving a Soft Landing: The Role of Fiscal Policy, Working Paper No. 08/69, March 01, 2008
Alternative Fiscal Rules for Norway, Working Paper No. 07/241, October 01, 2007
Ensuring Fiscal Sustainability in G-7 Countries, Working Paper No. 07/187, July 01, 2007
Fiscal Adjustments: Determinants and Macroeconomic Consequences, Working Paper No. 07/178, July 01, 2007
Catch-Up Growth, Habits, Oil Depletion, and Fiscal Policy: Lessons from the Republic of Congo, Working Paper No. 07/80, April 01, 2007
International Finance and Income Convergence: Europe is Different, Working Paper No. 07/64, March 01, 2007
Growth in the Central and Eastern European Countries of the European Union, Occasional Paper No. 252, January 03, 2007
Fuel Price Subsidies in Gabon: Fiscal Cost and Distributional Impact, Working Paper No. 06/243, October 01, 2006
Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy: Lessons from Gabon, Working Paper No. 06/193, August 01, 2006
Estimating the Implicit Inflation Target: An Application to U.S. Monetary Policy, Working Paper No. 05/77, April 01, 2005
Leading Indicators of Growth and Inflation in Turkey, Working Paper No. 02/231, December 01, 2002
Exchange Rate Pass-Through in Turkey, Working Paper No. 02/204, November 01, 2002
“Painful Medicine,” Finance&Development, September 2011, pp. 20-23 (with L.Ball and P.Loungani).
“Revisiting the Twin Deficits Hypothesis: The Effect of Fiscal Consolidation on the Current Account,” IMF Economic Review (2011) 59, 582–602 (with J.Bluedorn).
"Monetary Policy and the Lost Decade: Lessons from Japan," Journal of Money, Credit and Banking, Volume 42, Number 5, August 2010 , pp. 833-857(25).
“Natural Resource Depletion, Habit Formation, and Sustainable Fiscal Policy,” (with J.Olters), Revue d’économie politique, No. 3 May-June 2010, pp. 487-508
“Financial Integration, Capital Mobility, and Income Convergence” (with A.Abiad and A.Mody),
Economic Policy, Issue 58, April 2009.
“The Second Transition” (with S.Fabrizio, and A.Mody),
European Economy, Number 366, March 2009.
“Estimating the Federal Reserve’s Implicit Inflation Target: A State Space Approach,”
Journal of Economic Dynamics and Control, Volume 32, Issue 6, 2008.
“Assessing Fiscal Sustainability in the G-7 Countries” (with D.Hauner and M.Skaarup), Public Finance and Management, Volume 8, Number 3, 2008.
IMF Country Reports
"Will It Hurt? Macroeconomic Effects of Fiscal Consolidation" (with P.Devries, C.Freedman, J.Guajardo, D.Laxton, A.Pescatori), Chapter 3, World Economic Outlook, IMF, October 2010.
"Getting the Balance Right: Transitioning Out of Sustained Current Account Surpluses" (with A.Abiad, M.Terrones), Chapter 4, World Economic Outlook, IMF, April 2010.
"What's the Damage? Medium-Term Output Dynamics after Financial Crises," (with A.Abiad, R.Balakrishna, P.Koeva Brooks, I.Tytell), Chapter 4, World Economic Outlook, IMF, September 2009.