Michal Andrle

Last Updated: December 19, 2023

Michal Andrle

Michal Andrle is a Deputy Division Chief and Mission Chief in the IMF's General Macro and Fiscal Division.

From 2020 to 2022, Michal was a senior desk in the Canada Team and in the Honduras Team, participating on the IMF's program negotiations with the Honduran authorities.

From 2010 to 2020 Michal served as an economist and senior economist at the IMF's Research Department. In 2020, he led the IMF's internal forecast of the world economy, the first "remote" forecast, creating a set of new tools to deal with the analysis of the pandemic.

Before joining the IMF, Michal was a member of the New Area-Wide Model team at the ECB and of the modeling team at the Czech National Bank (CNB). At the Czech National Bank, Michal was leading the development of the new projection model (g3), that has been used by the Czech National Bank since 2008.

Personal WebPage: www.michalandrle.com

Fluent In: Czech, French, Spanish.

Previous Experience:

IMF Research Department (2010+)

European Central Bank, DG Research (NAWM Team) -- 2009

Czech National Bank, Monetary and Statistics Section (2006 -- 2009)

Ministry of Finance of the Czech Republic (2001 -- 2006)


Field of Expertise:

Monetary Policy

International Finance

Economic Modeling

Macro-Financial Issues

IMF Books and Working Papers:

Agricultural Market Integration in India , Working Paper No. 20/115 , July 03, 2020

Model-Based Globally-Consistent Risk Assessment , Working Paper No. 20/64 , May 22, 2020

Assessing House Prices in Canada , Working Paper No. 19/248 , November 15, 2019

Assessing House Prices with Prudential and Valuation Measures , Working Paper No. 19/59 , March 18, 2019

The Present Value of Corporate Profits: A Forecasters' Survey Perspective , Working Paper No. 19/12 , January 16, 2019

Italy: Toward a Growth-Friendly Fiscal Reform , Working Paper No. 18/59 , March 16, 2018

Italy: Quantifying the Benefits of a Comprehensive Reform Package , Working Paper No. 18/60 , March 16, 2018

Banks’ Adjustment to Basel III Reform : A Bank-Level Perspective for Emerging Europe , Working Paper No. 17/24 , February 10, 2017

Output and Inflation Co-movement : An Update on Business-Cycle Stylized Facts , Working Paper No. 16/241 , December 13, 2016

System Priors for Econometric Time Series , Working Paper No. 16/231 , November 17, 2016

Banks in The Global Integrated Monetary and Fiscal Model , Working Paper No. 15/150 , July 10, 2015

Reforming Fiscal Governance in the European Union , Staff Discussion Notes No. 15/9 , May 21, 2015

The Flexible System of Global Models – FSGM , Working Paper No. 15/64 , March 20, 2015

A Model-Based Analysis of Spillovers: The Case of Poland and the Euro Area , Working Paper No. 14/186 , October 17, 2014

System Priors: Formulating Priors about DSGE Models' Properties , Working Paper No. 13/257 , December 19, 2013

Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya , Working Paper No. 13/239 , November 25, 2013

The Role of Domestic and External Shocks in Poland: Results from an Agnostic Estimation Procedure , Working Paper No. 13/220 , October 29, 2013

Inflation and Output Comovement in the Euro Area : Love at Second Sight? , Working Paper No. 13/192 , September 11, 2013

What Is in Your Output Gap? Unified Framework & Decomposition into Observables , Working Paper No. 13/105 , May 10, 2013

Understanding DSGE Filters in Forecasting and Policy Analysis , Working Paper No. 13/98 , May 08, 2013

Forecasting and Monetary Policy Analysis in Low-Income Countries : Food and non-Food Inflation in Kenya , Working Paper No. 13/61 , March 07, 2013

As You sow so Shall You Reap : Public Investment Surges, Growth, and Debt Sustainability in togo , Working Paper No. 12/127 , May 01, 2012

Adding Indonesia to the Global Projection Model , Working Paper No. 09/253 , November 01, 2009

Michal Andrle

Michal Andrle is a Deputy Division Chief and Mission Chief in the IMF's General Macro and Fiscal Division.

From 2020 to 2022, Michal was a senior desk in the Canada Team and in the Honduras Team, participating on the IMF's program negotiations with the Honduran authorities.

From 2010 to 2020 Michal served as an economist and senior economist at the IMF's Research Department. In 2020, he led the IMF's internal forecast of the world economy, the first "remote" forecast, creating a set of new tools to deal with the analysis of the pandemic.

Before joining the IMF, Michal was a member of the New Area-Wide Model team at the ECB and of the modeling team at the Czech National Bank (CNB). At the Czech National Bank, Michal was leading the development of the new projection model (g3), that has been used by the Czech National Bank since 2008.

Personal WebPage: www.michalandrle.com

Fluent In: Czech, French, Spanish.

Previous Experience:

IMF Research Department (2010+)

European Central Bank, DG Research (NAWM Team) -- 2009

Czech National Bank, Monetary and Statistics Section (2006 -- 2009)

Ministry of Finance of the Czech Republic (2001 -- 2006)


Field of Expertise:

Monetary Policy

International Finance

Economic Modeling

Macro-Financial Issues

IMF Books and Working Papers:

Agricultural Market Integration in India , Working Paper No. 20/115 , July 03, 2020

Model-Based Globally-Consistent Risk Assessment , Working Paper No. 20/64 , May 22, 2020

Assessing House Prices in Canada , Working Paper No. 19/248 , November 15, 2019

Assessing House Prices with Prudential and Valuation Measures , Working Paper No. 19/59 , March 18, 2019

The Present Value of Corporate Profits: A Forecasters' Survey Perspective , Working Paper No. 19/12 , January 16, 2019

Italy: Toward a Growth-Friendly Fiscal Reform , Working Paper No. 18/59 , March 16, 2018

Italy: Quantifying the Benefits of a Comprehensive Reform Package , Working Paper No. 18/60 , March 16, 2018

Banks’ Adjustment to Basel III Reform : A Bank-Level Perspective for Emerging Europe , Working Paper No. 17/24 , February 10, 2017

Output and Inflation Co-movement : An Update on Business-Cycle Stylized Facts , Working Paper No. 16/241 , December 13, 2016

System Priors for Econometric Time Series , Working Paper No. 16/231 , November 17, 2016

Banks in The Global Integrated Monetary and Fiscal Model , Working Paper No. 15/150 , July 10, 2015

Reforming Fiscal Governance in the European Union , Staff Discussion Notes No. 15/9 , May 21, 2015

The Flexible System of Global Models – FSGM , Working Paper No. 15/64 , March 20, 2015

A Model-Based Analysis of Spillovers: The Case of Poland and the Euro Area , Working Paper No. 14/186 , October 17, 2014

System Priors: Formulating Priors about DSGE Models' Properties , Working Paper No. 13/257 , December 19, 2013

Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya , Working Paper No. 13/239 , November 25, 2013

The Role of Domestic and External Shocks in Poland: Results from an Agnostic Estimation Procedure , Working Paper No. 13/220 , October 29, 2013

Inflation and Output Comovement in the Euro Area : Love at Second Sight? , Working Paper No. 13/192 , September 11, 2013

What Is in Your Output Gap? Unified Framework & Decomposition into Observables , Working Paper No. 13/105 , May 10, 2013

Understanding DSGE Filters in Forecasting and Policy Analysis , Working Paper No. 13/98 , May 08, 2013

Forecasting and Monetary Policy Analysis in Low-Income Countries : Food and non-Food Inflation in Kenya , Working Paper No. 13/61 , March 07, 2013

As You sow so Shall You Reap : Public Investment Surges, Growth, and Debt Sustainability in togo , Working Paper No. 12/127 , May 01, 2012

Adding Indonesia to the Global Projection Model , Working Paper No. 09/253 , November 01, 2009