Margaux MacDonald

Last Updated: February 18, 2021

Margaux MacDonald

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 : Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report

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

Drivers of Bilateral Trade and Spillovers from Tariffs, IMF World Economic Outlook, Chapter 4 April 2019

G-20 2018 Report on Strong, Sustainable, Balanced, and Inclusive Growth 2018

G20 Future of Work: Measurement and Policy Challenges 2018

Margaux MacDonald

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 : Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report

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

Drivers of Bilateral Trade and Spillovers from Tariffs, IMF World Economic Outlook, Chapter 4 April 2019

G-20 2018 Report on Strong, Sustainable, Balanced, and Inclusive Growth 2018

G20 Future of Work: Measurement and Policy Challenges 2018

Publications in Journals (Refereed)

Unconventional monetary policy spillovers in a small open economy (2020) Open Economies Review, with M. Popiel.

International Capital Market Frictions and Spillovers from Quantitative Easing. Journal of International Money and Finance. 2017. 70, 135-156

Patterns of International Capital Flows and Productivity Growth: New Evidence. Review of International Economics. 2015. 23(5), 846-872