Stephan Danninger is chief of the IMF’s Macro Policies Division in the Strategy Policy and Review Department. He joined the IMF in 2000 and previously headed divisions covering Japan and the United States. During the global financial crisis he was a researcher in the IMF’s World Economic Studies Division responsible for the publication of the World Economic Outlook. His research covers a variety of topics, including labor growth, determinants of inflation and productivity, cross-country spillovers of financial stress, and growth enhancing structural reforms. He holds a PhD from Columbia University, New York.