Daniel Garcia-Macia
Last Updated: September 28, 2020

Daniel Garcia-Macia is an economist in the European Department of the IMF. He holds a Ph.D. in Economics from Stanford University. His research interests are in Macroeconomics, Finance, Economic Growth and Innovation.
Email: DGARCIAMACIA@imf.org
Personal WebPage: sites.google.com/view/garciamacia/
Fluent In: Catalan, French, Spanish.
Education:
Ph.D. in Economics, Stanford University, 2016
M.A. in Economics, Stanford University, 2013
M.Sc. in Economics, Barcelona Graduate School of Economics, 2010
B.A. in Economics, Universitat Pompeu Fabra, 2009
Country work or Mission Assignment:
Italy, euro area, United Kingdom
IMF Career:
Economist, European Department, 2019-...
Economist (EP), European Department, 2017-2018
Economist (EP), Research Department, 2016-2018
Work in progress:
The Financing of Ideas and the Great Deviation, under revision for the Journal of Monetary Economics
Macroprudential Policy with Liquidity Panics, with Alonso Villacorta, under revision for the Review of Financial Studies
Compliance with the Stability and Growth Pact: Counterfactual Scenarios, with Nathaniel Arnold
Field of Expertise:
Open Economy Macroeconomics
Macro-Financial Issues
IMF Books and Working Papers:
Technological and Economic Decoupling in the Cyber Era , Working Paper No. 2020/257 , November 20, 2020
EU Climate Mitigation Policy , Departmental Paper No.13 , September 16, 2020
Sectoral Policies for Climate Change Mitigation in the EU , Departmental Paper No.20/14 , September 16, 2020
Labor Costs and Corporate Investment in Italy , Working Paper No. 20/38 , February 21, 2020
Identifying Service Market Reform Priorities in Italy , Working Paper No. 20/39 , February 21, 2020
The Measurement of External Accounts , Working Paper No. 19/132 , June 28, 2019
Strengthening the Euro Area : The Role of National Structural Reforms in Building Resilience , Staff Discussion Notes No. 19/05 , June 13, 2019
The External Balance Assessment Methodology: 2018 Update , Working Paper No. 19/65 , March 19, 2019
The Insolvency Regime for Large Enterprises in Italy: An Economic and Legal Assessment , Working Paper No. 18/218 , September 28, 2018
Household Wealth and Resilience to Financial Shocks in Italy , Working Paper No. 18/196 , August 31, 2018
The Stabilizing Role of Net Foreign Asset Returns , Working Paper No. 18/79 , April 06, 2018
The Financing of Ideas and the Great Deviation , Working Paper No. 17/176 , July 31, 2017
Publications in Journals (Refereed)
How Destructive is Innovation?, with Chang-Tai Hsieh & Peter Klenow, Econometrica, 87(5), 1507–1541, September 2019
Household Wealth and Resilience to Financial Shocks in Italy, forthcoming at the International Journal of Central Banking

Daniel Garcia-Macia is an economist in the European Department of the IMF. He holds a Ph.D. in Economics from Stanford University. His research interests are in Macroeconomics, Finance, Economic Growth and Innovation.
Email: DGARCIAMACIA@imf.org
Personal WebPage: sites.google.com/view/garciamacia/
Fluent In: Catalan, French, Spanish.
Education:
Ph.D. in Economics, Stanford University, 2016
M.A. in Economics, Stanford University, 2013
M.Sc. in Economics, Barcelona Graduate School of Economics, 2010
B.A. in Economics, Universitat Pompeu Fabra, 2009
Country work or Mission Assignment:
Italy, euro area, United Kingdom
IMF Career:
Economist, European Department, 2019-...
Economist (EP), European Department, 2017-2018
Economist (EP), Research Department, 2016-2018
Work in progress:
The Financing of Ideas and the Great Deviation, under revision for the Journal of Monetary Economics
Macroprudential Policy with Liquidity Panics, with Alonso Villacorta, under revision for the Review of Financial Studies
Compliance with the Stability and Growth Pact: Counterfactual Scenarios, with Nathaniel Arnold
Field of Expertise:
Open Economy Macroeconomics
Macro-Financial Issues
IMF Books and Working Papers:
Technological and Economic Decoupling in the Cyber Era , Working Paper No. 2020/257 , November 20, 2020
EU Climate Mitigation Policy , Departmental Paper No.13 , September 16, 2020
Sectoral Policies for Climate Change Mitigation in the EU , Departmental Paper No.20/14 , September 16, 2020
Labor Costs and Corporate Investment in Italy , Working Paper No. 20/38 , February 21, 2020
Identifying Service Market Reform Priorities in Italy , Working Paper No. 20/39 , February 21, 2020
The Measurement of External Accounts , Working Paper No. 19/132 , June 28, 2019
Strengthening the Euro Area : The Role of National Structural Reforms in Building Resilience , Staff Discussion Notes No. 19/05 , June 13, 2019
The External Balance Assessment Methodology: 2018 Update , Working Paper No. 19/65 , March 19, 2019
The Insolvency Regime for Large Enterprises in Italy: An Economic and Legal Assessment , Working Paper No. 18/218 , September 28, 2018
Household Wealth and Resilience to Financial Shocks in Italy , Working Paper No. 18/196 , August 31, 2018
The Stabilizing Role of Net Foreign Asset Returns , Working Paper No. 18/79 , April 06, 2018
The Financing of Ideas and the Great Deviation , Working Paper No. 17/176 , July 31, 2017
Publications in Journals (Refereed)
How Destructive is Innovation?, with Chang-Tai Hsieh & Peter Klenow, Econometrica, 87(5), 1507–1541, September 2019
Household Wealth and Resilience to Financial Shocks in Italy, forthcoming at the International Journal of Central Banking