Margaux MacDonald
Last Updated: February 18, 2021

Margaux MacDonald is an Economist in the Multilateral Surveillance Division of the Research Department. Previously, she worked in the African Department on Cameroon and The Seychelles, and external sector issues in the region. Her research interests include international macroeconomics and finance, and her recent work focuses on cross-country spillovers from monetary policy, banking, and trade. She holds a Ph.D. in Economics from Queen’s University.
Email: MMACDONALD@imf.org
Personal WebPage: https://sites.google.com/site/margauxmacdonald/
Fluent In: French.
Education:
Ph.D. in Economics, Queen's University, 2016
M.A. in Economics, Queen's University, 2009
B.B.A Business Administration, St. Francis Xavier University 2008
Previous Experience:
Economist Program, Research Department, Mar 2018 - Sep 2019
Economist Program, African Department, Sep 2016 - Mar 2018
Current Position:
Economist, Research Department, Sep 2019 to present
Field of Expertise:
International Finance
Monetary Policy
Macro-Financial Issues
IMF Books and Working Papers:
The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum , Working Paper No. 2021/027 , February 05, 2021
Are Bilateral Trade Balances Irrelevant? , Working Paper No. 20/210 , September 25, 2020
Drivers of Financial Access: the Role of Macroprudential Policies , Working Paper No. 20/74 , May 29, 2020
Regional Growth Spillovers in Sub-Saharan Africa , Working Paper No. 19/160 , July 24, 2019
Regional Spillovers in Sub-Saharan Africa : Exploring Different Channels , Spillover Notes No. 18/01 , August 01, 2018
Unconventional Monetary Policy in a Small Open Economy , Working Paper No. 17/268 , December 01, 2017
IMF Country Reports
Cameroon : First Review Under the Extended Credit Facility Arrangement; Staff Report
Seychelles : First Review under the Policy Coordination Instrument; Staff Report
iMFdirect Blog Posts
Economic Forces, Not Tariffs, Drive Changes in Trade Balances
Chart of the Week: Grading the G-20 on its Growth Goals
Trade and Remittances Within Africa
F&D articles
Africa Comes Together; Finance & Development, September 2018, VOL. 55, NO. 3
Selected Issue
Cameroon : Selected Issues; Estimating the Fiscal Multiplier for Cameroon
Other Published Materials
G-20 2018 Report on Strong, Sustainable, Balanced, and Inclusive Growth 2018
Publications in Journals (Refereed)

Margaux MacDonald is an Economist in the Multilateral Surveillance Division of the Research Department. Previously, she worked in the African Department on Cameroon and The Seychelles, and external sector issues in the region. Her research interests include international macroeconomics and finance, and her recent work focuses on cross-country spillovers from monetary policy, banking, and trade. She holds a Ph.D. in Economics from Queen’s University.
Email: MMACDONALD@imf.org
Personal WebPage: https://sites.google.com/site/margauxmacdonald/
Fluent In: French.
Education:
Ph.D. in Economics, Queen's University, 2016
M.A. in Economics, Queen's University, 2009
B.B.A Business Administration, St. Francis Xavier University 2008
Previous Experience:
Economist Program, Research Department, Mar 2018 - Sep 2019
Economist Program, African Department, Sep 2016 - Mar 2018
Current Position:
Economist, Research Department, Sep 2019 to present
Field of Expertise:
International Finance
Monetary Policy
Macro-Financial Issues
IMF Books and Working Papers:
The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum , Working Paper No. 2021/027 , February 05, 2021
Are Bilateral Trade Balances Irrelevant? , Working Paper No. 20/210 , September 25, 2020
Drivers of Financial Access: the Role of Macroprudential Policies , Working Paper No. 20/74 , May 29, 2020
Regional Growth Spillovers in Sub-Saharan Africa , Working Paper No. 19/160 , July 24, 2019
Regional Spillovers in Sub-Saharan Africa : Exploring Different Channels , Spillover Notes No. 18/01 , August 01, 2018
Unconventional Monetary Policy in a Small Open Economy , Working Paper No. 17/268 , December 01, 2017
IMF Country Reports
Cameroon : First Review Under the Extended Credit Facility Arrangement; Staff Report
Seychelles : First Review under the Policy Coordination Instrument; Staff Report
iMFdirect Blog Posts
Economic Forces, Not Tariffs, Drive Changes in Trade Balances
Chart of the Week: Grading the G-20 on its Growth Goals
Trade and Remittances Within Africa
F&D articles
Africa Comes Together; Finance & Development, September 2018, VOL. 55, NO. 3
Selected Issue
Cameroon : Selected Issues; Estimating the Fiscal Multiplier for Cameroon
Other Published Materials
G-20 2018 Report on Strong, Sustainable, Balanced, and Inclusive Growth 2018
G20 Future of Work: Measurement and Policy Challenges 2018