Daniel Garcia-Macia

Last Updated: December 19, 2023

Daniel Garcia-Macia

Daniel Garcia-Macia is an economist in the Fiscal Affairs 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:

China, Costa Rica, Ethiopia, euro area, Italy, United Kingdom


IMF Career:

Economist, Fiscal Affairs Department, 2021-...

Economist, European Department, 2019-2021

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

Tracing Productivity Growth Channels in the UK, with Julia Korosteleva, IMF Working Paper 21/273, Revise and Resubmit at Research Policy


Field of Expertise:

Open Economy Macroeconomics

Macro-Financial Issues

International Macroeconomics

Energy and Environmental Economics

Monetary Policy

Public Finance

IMF Books and Working Papers:

Has the Phillips Curve Become Steeper? , Working Paper No. 2023/100 , May 12, 2023

The Effects of Inflation on Public Finances , Working Paper No. 2023/093 , May 05, 2023

Fiscal Rules and Fiscal Councils: Recent Trends and Performance during the COVID-19 Pandemic , Working Paper No. 2022/011 , January 27, 2022

Tracing Productivity Growth Channels in the UK , Working Paper No. 2021/273 , November 12, 2021

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

IMF Country Reports

Costa Rica: Technical Assistance Report - Upgrading the Rule-Based Fiscal Framework

F&D articles

Absent multilateral cooperation, the global digital economy could splinter, and everyone would pay

Publications in Journals (Refereed)

How Destructive is Innovation?, with Chang-Tai Hsieh & Peter Klenow, Econometrica, 87(5), 1507–1541, September 2019

Macroprudential Policy with Liquidity Panics, with Alonso Villacorta, The Review of Financial Studies, 36(5), 2046–2090, May 2023

Household Wealth and Resilience to Financial Shocks in Italy, International Journal of Central Banking, 17(3), 241-272, September 2021

Daniel Garcia-Macia

Daniel Garcia-Macia is an economist in the Fiscal Affairs 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:

China, Costa Rica, Ethiopia, euro area, Italy, United Kingdom


IMF Career:

Economist, Fiscal Affairs Department, 2021-...

Economist, European Department, 2019-2021

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

Tracing Productivity Growth Channels in the UK, with Julia Korosteleva, IMF Working Paper 21/273, Revise and Resubmit at Research Policy


Field of Expertise:

Open Economy Macroeconomics

Macro-Financial Issues

International Macroeconomics

Energy and Environmental Economics

Monetary Policy

Public Finance

IMF Books and Working Papers:

Has the Phillips Curve Become Steeper? , Working Paper No. 2023/100 , May 12, 2023

The Effects of Inflation on Public Finances , Working Paper No. 2023/093 , May 05, 2023

Fiscal Rules and Fiscal Councils: Recent Trends and Performance during the COVID-19 Pandemic , Working Paper No. 2022/011 , January 27, 2022

Tracing Productivity Growth Channels in the UK , Working Paper No. 2021/273 , November 12, 2021

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

IMF Country Reports

Costa Rica: Technical Assistance Report - Upgrading the Rule-Based Fiscal Framework

F&D articles

Absent multilateral cooperation, the global digital economy could splinter, and everyone would pay

Publications in Journals (Refereed)

How Destructive is Innovation?, with Chang-Tai Hsieh & Peter Klenow, Econometrica, 87(5), 1507–1541, September 2019

Macroprudential Policy with Liquidity Panics, with Alonso Villacorta, The Review of Financial Studies, 36(5), 2046–2090, May 2023

Household Wealth and Resilience to Financial Shocks in Italy, International Journal of Central Banking, 17(3), 241-272, September 2021