Prachi Mishra

Last Updated: October 06, 2020

Prachi Mishra is an Advisor in the Research Department at the IMF since September 2020. Prior to joining the Fund, Prachi worked in Goldman Sachs as Managing Director, Global Macro Research, and India Chief Economist. Previously, Prachi worked in several departments at the IMF in Washington DC, including in the office of the First Deputy Managing Director. During 2014-2017, she served as Specialist Adviser and Head of the Strategic Research Unit at the Reserve Bank of India. Prior to that she was Senior Economist in the Office of Chief Economic Advisor in the Ministry of Finance, and at the Prime Minister’s Economic Advisory Council in the Government of India. Some of her other accomplishments include receiving the Mahalonobis Memorial Medal in 2019; the invitation by the Government of United Kingdom to their International Leaders Program; IMF Research Awards for Exceptional Contribution to Low-Income Country Work, and for Innovative Research in Political Economy, International Trade and Exchange Rates; and the Export-Import Bank of India International Economics Development Research Annual Award for the thesis completed at Columbia University. Prachi earned a PhD degree in Economics from Columbia University, and a Masters in Economics from the Delhi School of Economics (gold medal, ranked first in the University). Her research interests include in the fields of international economics, banking and finance, and political economy.

Email: PMISHRA@imf.org

Personal WebPage: http://www.prachimishra.net/research.htm

Fluent In: Hindi.

Education:

2004 Ph.D., Economics, Columbia University

2002 M.Phil, Economics, Columbia University

1999 M.A. Economics, Delhi School of Economics (Delhi), ranked first in the University

1997 B.A. Economics (Honors), University of Delhi


Previous Experience:

International Monetary Fund: Advisor, Research Department, 2020-

Goldman Sachs: 2018- 2020, Managing Director, Global Macro Research, and India Chief Economist

International Monetary Fund: Deputy Division Chief and El Salvador Mission Chief, Western Hemisphere Department, 2017-2018

Reserve Bank of India: 2014-2017 Head, Strategic Research Unit, 2016-2017; Specialist Adviser, 2014-2016

International Monetary Fund: Senior Economist, Research Department, 2011-2017

Government of India: 2011-2012 Senior Economist, Office of the Chief Economic Advisor, Ministry of Finance, 2012- 2013 Senior Economist, Economic Advisory Council to the Prime Minister of India, 2012

International Monetary Fund: Economist, Western Hemisphere, Fiscal Affairs, and Research Departments, 2004-2011

International Monetary Fund: Intern, Office of the First Deputy Managing Director, Stanley Fischer, 2001-2002

IMF Books and Working Papers:

Doing More for Less? New Evidence on Lobbying and Government Contracts , Working Paper No. 19/172 , August 09, 2019

Populism and Civil Society , Working Paper No. 18/245 , November 16, 2018

Impact of Fed Tapering Announcements on Emerging Markets , Working Paper No. 14/109 , June 17, 2014

How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence , Working Paper No. 12/143 , June 01, 2012

Spillover Effects of Exchange Rates : A Study of the Renminbi , Working Paper No. 12/88 , March 01, 2012

How Does Trade Evolve in the Aftermath of Financial Crises? , Working Paper No. 11/3 , January 01, 2011

Monetary Transmission in Low Income Countries , Working Paper No. 10/223 , October 01, 2010

Protection for Free? The Political Economy of U.S. TariffSuspensions , Working Paper No. 10/211 , September 01, 2010

Democracy and Reforms: Evidence from a New Dataset , Working Paper No. 10/173 , July 01, 2010

A Fistful of Dollars: Lobbying and the Financial Crisis , Working Paper No. 09/287 , December 01, 2009

Exchange Rates and Wages in an Integrated World , Working Paper No. 09/44 , March 01, 2009

Do Interest Groups Affect U.S. Immigration Policy? , Working Paper No. 08/244 , October 01, 2008

Health Aid and Infant Mortality , Working Paper No. 07/100 , April 01, 2007

Policies, Enforcement, and Customs Evasion: Evidence from India , Working Paper No. 07/60 , March 01, 2007

Emigration and Wages in Source Countries: Evidence from Mexico , Working Paper No. 06/86 , March 01, 2006

Emigration and Brain Drain: Evidence from the Caribbean , Working Paper No. 06/25 , January 01, 2006

Trade Liberalization and Wage Inequality: Evidence from India , Working Paper No. 05/20 , January 01, 2005

Other Published Materials

Reforming Center-Province Relations in Lao P.D.R., Selected Issues Paper, Article IV Consultation (SM/06/81)

Publications in Journals (Refereed)

Cash and the Economy: Evidence from India’s Demonetization, NBER Working Paper No. 25370 (with Gabriel Chodorow-Reich and Gita Gopinath, Harvard, and Abhinav Narayanan, RBI) (The Quarterly Journal of Economics, Volume 135, Issue 1, February 2020, Pages 57–103)

How do Central Bank Governors Matter? Macroeconomic Policy, Regulation and the Financial Sector (with Ariell Reshef, University of Virginia, Journal of Money, Credit, and Banking, Volume 51, Issue2-3 March-April 2019.

International Rules of the Monetary Game (with Raghuram Rajan), John Cochrane and John B. Taylor eds Currencies, Capital, and Central Bank Balances, RBI Working Paper No. 04/2016.

Dialogue between a Populist and an Economist (with Tito Boeri, Bocconi University, Chris Papageorgiou and Antonio Spilimbergo, IMF), American Economic Review (Papers and Proceedings, Volume 108, pp.191-95)

Impact of Fed Tapering Announcements on Emerging Markets (with Papa N’Diaye, and Lam Nguyen, IMF). IMF Economic Review, Palgrave Macmillan; International Monetary Fund, vol. 66(4), pages 732-762, December. IMF Working Paper No. 14/109.

Information and Legislative Bargaining: The Political Economy of U.S. Tariff Suspensions (with Rod Ludema and Anna Maria Mayda, Georgetown University), The Review of Economics and Statistics 2018 Vol. 100, 303-318 (CEPR DP No. 7951, IMF Working Paper No. 10/211).

Spillover Effects of Exchange Rates: A Study of the Renminbi (with Aaditya Mattoo, World Bank, and Arvind Subramanian, Peterson Institute), American Economic Journal: Economic Policy, 9 (4):344-66. (IMF Working Paper No. 12/88).

Establishing Rules of the Game for the International Monetary System, Central Banking Journal. June 13, 2016.

India-US Trade and Investment: Have They Been Up To Potential? (with Devesh Roy, IFPRI), Global Economy Journal, Volume 16, Issue 3 (September 2016), Pages 539–567, ISSN (Online) 1553-5304, ISSN (Print) 2194-5659.

Emigration and Wages in Source Countries: A Survey of the Empirical Literature, February 2014, Robert Lucas edited International Handbook on Migration and Economic Development.

How Does Trade Evolve in the Aftermath of Financial Crises? (with Abdul Abiad and Petia Topalova, IMF), IMF Economic Review, 2014, Vol. 62, Issue 2, pp. 213-247 (IMF WP No. 11/3).

Three’s Company: Washington, Wall Street and K Street (with Deniz Igan, IMF), The Journal of Law & Economics, November 2014, Vol. 57, No. 4, pp. 1063-1084.

Monetary Policy and Bank Lending Rates in Low-Income Countries: Heterogeneous Panel Estimates, with Peter Montiel and Peter Pedroni (Williams College), and Antonio Spilimbergo (IMF), Journal of Development Economics, 2014, 111, 117-131.

The Dynamics of Firm Lobbying (with William Kerr, Harvard University and William Lincoln, University of Michigan), American Economic Journal: Economic Policy, 2014, 6(4): 343-79 (NBER WP No.17577).

Democracy and Reforms (with Paola Giuliano, UCLA and Antonio Spilimbergo, IMF), American Economic Journal: Macroeconomics, 2013, 5(4): 179-204. (IZA DP No. 4032, CEPR DP No. 7194, IMF WP No. 10/173).

How Effective Is Monetary Transmission in Developing Countries? A Survey of the Empirical Evidence, (with Peter Montiel, Williams College), Economic Systems, 2013, Elsevier, vol. 37(2), pages 187-216 (CEPR DP No.8577).

Trade Liberalization and Wage Inequality in India: A Mandated Wage Equation Approach (with Deb Kusum Das, Delhi University), India Growth and Development Review, 2013, Vol. 6 Issue: 1, pp.113 - 127.

India’s External Sector: Do We Need to Worry? (with C.Rangarajan) Economic and Political Weekly, February 16, 2013.

Has India’s Growth Story Withered? Economic and Political Weekly, April 13, 2013.

Financial and Distributional Implications of the Food Security Law, Economic and Political Weekly, September 28, 2013.

Monetary Transmission in Low-Income Countries (with Peter Montiel, Williams College, and Antonio Spilimbergo, IMF), CEPR DP No. 7926, IMF WP No.10/223, IMF Economic Review, 2012, 60, 270–302.

Political Representation and Crime: Evidence from India’s Panchayati Raj (with Lakshmi Iyer, (Harvard), Anandi Mani (Warrick) and Petia Topalova (IMF)), American Economic Journal, Applied Economics, 2012, 4(4): 165–93, (Harvard Business School WP No. 11-092).

Explaining Inflation in India: The Role of Food Prices (with Devesh Roy, IFPRI), Brookings-NCAER India Policy Forum. Volume 8, 2011-12.

Exchange Rates and Wages in an Integrated World (with Antonio Spilimbergo, IMF), American Economic Journal, Macroeconomics, 3, October, 2011, pp. 1-33 (IMF WP No. 09/44, CEPR DP No. 7167).

A Fistful of Dollars: Lobbying and the Financial Crisis (with Deniz Igan and Thierry Tressel, IMF), forthcoming, NBER Macro Annual, 2011, Volume 26 (IMF WP No. 09/28, NBER WP No. w17076; covered in the Guardian, BBC, New York Times, IMF Survey Online, Vox; Best Paper Award, Midwest Finance Association; Top 10 downloads in SSRN).

Do Special Interest Groups Affect Immigration? (with Anna Maria Mayda, Georgetown University and Giovanni Facchini, University of Rotterdam), Journal of International Economics, 2011, Volume 85, Issue 1, September, pp. 114-128 (IMF WP No 08/244, IZA Working Paper No. 3183, CEPR DP No. 68).

Does Health Aid Matter? (with David Newhouse, World Bank), Journal of Health Economics, 2009, Volume 28, Issue 4, July, Pages 855-872 (IMF Working Paper No.07/100).

Policies, Enforcement, and Customs Evasion: Evidence from India (with Arvind Subramanian and Petia Topalova, IMF), Journal of Public Economics, 2008, Vol 92, pp. 1907-1925 (IMF Working Paper No. 07/60).

Trade Liberalization and Wage Inequality: Evidence from India, (with Utsav Kumar, University of Maryland), Review of Development Economics, 2008, Vol. 12, Issue 2, pp. 291-311 (IMF Working Paper No. 05/20.)

Emigration and Wages in Source Countries: Evidence from Mexico, Journal of Development Economics, 2007, no. 82, pp. 180-199 (IMF WP No. 06/86).

Stolper-Samuelson is Dead and Other Crimes of Both Theory and Data (with Donald Davis, Columbia University), in Ann Harrison eds. Globalization and Poverty: University of Chicago Press and the National Bureau of Economic Research, March, 2007.

Emigration and Brain-Drain: Evidence from the Caribbean, The B.E. Journals in Economic Analysis & Policy, Berkeley Electronic Press, 2007, Vol. 7, Issue 1 (Topics), Article 24, (IMF Working Paper No. 06/25, covered in the BBC).

Publications in Books and Conference Volumes

The Dynamics of Firm Lobbying (with William Kerr and William Lincoln), Vox, November 22, 2011-11-24

Did Anti-Regulation Lobbying Fuel the Subprime Crisis? (with Deniz Igan), Vox, August 11, 2011

Making Friends (with Deniz Igan, IMF), Finance and Development, June, 2011, Volume 48.

Free Governments, Good Policies (with Paola Giuliano, UCLA and Antonio Spilimbergo, IMF), Finance and Development, March 2011, Vol 48, No. 1.

Lobbying and the Financial Crisis (with Deniz Igan and Thierry Tressel), Vox, January 27, 2010.

Do Financial Crises Have Lasting Effects on Trade? (with Abdul Abiad, and Petia Topalova, IMF), World Economic Outlook, October, 2010, Chapter 4.

Seven Questions About Political Influence and the Financial Crisis (with Deniz Igan and Thierry Tressel, IMF), IMF Research Bulletin, December, 2009, Vol 10, No. 4.

How Does Globalization Affect Developing Countries (with Petia Topalova), IMF Research Bulletin, September, 2007, Vol 8, No. 3.

Prachi Mishra is an Advisor in the Research Department at the IMF since September 2020. Prior to joining the Fund, Prachi worked in Goldman Sachs as Managing Director, Global Macro Research, and India Chief Economist. Previously, Prachi worked in several departments at the IMF in Washington DC, including in the office of the First Deputy Managing Director. During 2014-2017, she served as Specialist Adviser and Head of the Strategic Research Unit at the Reserve Bank of India. Prior to that she was Senior Economist in the Office of Chief Economic Advisor in the Ministry of Finance, and at the Prime Minister’s Economic Advisory Council in the Government of India. Some of her other accomplishments include receiving the Mahalonobis Memorial Medal in 2019; the invitation by the Government of United Kingdom to their International Leaders Program; IMF Research Awards for Exceptional Contribution to Low-Income Country Work, and for Innovative Research in Political Economy, International Trade and Exchange Rates; and the Export-Import Bank of India International Economics Development Research Annual Award for the thesis completed at Columbia University. Prachi earned a PhD degree in Economics from Columbia University, and a Masters in Economics from the Delhi School of Economics (gold medal, ranked first in the University). Her research interests include in the fields of international economics, banking and finance, and political economy.

Email: PMISHRA@imf.org

Personal WebPage: http://www.prachimishra.net/research.htm

Fluent In: Hindi.

Education:

2004 Ph.D., Economics, Columbia University

2002 M.Phil, Economics, Columbia University

1999 M.A. Economics, Delhi School of Economics (Delhi), ranked first in the University

1997 B.A. Economics (Honors), University of Delhi


Previous Experience:

International Monetary Fund: Advisor, Research Department, 2020-

Goldman Sachs: 2018- 2020, Managing Director, Global Macro Research, and India Chief Economist

International Monetary Fund: Deputy Division Chief and El Salvador Mission Chief, Western Hemisphere Department, 2017-2018

Reserve Bank of India: 2014-2017 Head, Strategic Research Unit, 2016-2017; Specialist Adviser, 2014-2016

International Monetary Fund: Senior Economist, Research Department, 2011-2017

Government of India: 2011-2012 Senior Economist, Office of the Chief Economic Advisor, Ministry of Finance, 2012- 2013 Senior Economist, Economic Advisory Council to the Prime Minister of India, 2012

International Monetary Fund: Economist, Western Hemisphere, Fiscal Affairs, and Research Departments, 2004-2011

International Monetary Fund: Intern, Office of the First Deputy Managing Director, Stanley Fischer, 2001-2002

IMF Books and Working Papers:

Doing More for Less? New Evidence on Lobbying and Government Contracts , Working Paper No. 19/172 , August 09, 2019

Populism and Civil Society , Working Paper No. 18/245 , November 16, 2018

Impact of Fed Tapering Announcements on Emerging Markets , Working Paper No. 14/109 , June 17, 2014

How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence , Working Paper No. 12/143 , June 01, 2012

Spillover Effects of Exchange Rates : A Study of the Renminbi , Working Paper No. 12/88 , March 01, 2012

How Does Trade Evolve in the Aftermath of Financial Crises? , Working Paper No. 11/3 , January 01, 2011

Monetary Transmission in Low Income Countries , Working Paper No. 10/223 , October 01, 2010

Protection for Free? The Political Economy of U.S. TariffSuspensions , Working Paper No. 10/211 , September 01, 2010

Democracy and Reforms: Evidence from a New Dataset , Working Paper No. 10/173 , July 01, 2010

A Fistful of Dollars: Lobbying and the Financial Crisis , Working Paper No. 09/287 , December 01, 2009

Exchange Rates and Wages in an Integrated World , Working Paper No. 09/44 , March 01, 2009

Do Interest Groups Affect U.S. Immigration Policy? , Working Paper No. 08/244 , October 01, 2008

Health Aid and Infant Mortality , Working Paper No. 07/100 , April 01, 2007

Policies, Enforcement, and Customs Evasion: Evidence from India , Working Paper No. 07/60 , March 01, 2007

Emigration and Wages in Source Countries: Evidence from Mexico , Working Paper No. 06/86 , March 01, 2006

Emigration and Brain Drain: Evidence from the Caribbean , Working Paper No. 06/25 , January 01, 2006

Trade Liberalization and Wage Inequality: Evidence from India , Working Paper No. 05/20 , January 01, 2005

Other Published Materials

Reforming Center-Province Relations in Lao P.D.R., Selected Issues Paper, Article IV Consultation (SM/06/81)

Publications in Journals (Refereed)

Cash and the Economy: Evidence from India’s Demonetization, NBER Working Paper No. 25370 (with Gabriel Chodorow-Reich and Gita Gopinath, Harvard, and Abhinav Narayanan, RBI) (The Quarterly Journal of Economics, Volume 135, Issue 1, February 2020, Pages 57–103)

How do Central Bank Governors Matter? Macroeconomic Policy, Regulation and the Financial Sector (with Ariell Reshef, University of Virginia, Journal of Money, Credit, and Banking, Volume 51, Issue2-3 March-April 2019.

International Rules of the Monetary Game (with Raghuram Rajan), John Cochrane and John B. Taylor eds Currencies, Capital, and Central Bank Balances, RBI Working Paper No. 04/2016.

Dialogue between a Populist and an Economist (with Tito Boeri, Bocconi University, Chris Papageorgiou and Antonio Spilimbergo, IMF), American Economic Review (Papers and Proceedings, Volume 108, pp.191-95)

Impact of Fed Tapering Announcements on Emerging Markets (with Papa N’Diaye, and Lam Nguyen, IMF). IMF Economic Review, Palgrave Macmillan; International Monetary Fund, vol. 66(4), pages 732-762, December. IMF Working Paper No. 14/109.

Information and Legislative Bargaining: The Political Economy of U.S. Tariff Suspensions (with Rod Ludema and Anna Maria Mayda, Georgetown University), The Review of Economics and Statistics 2018 Vol. 100, 303-318 (CEPR DP No. 7951, IMF Working Paper No. 10/211).

Spillover Effects of Exchange Rates: A Study of the Renminbi (with Aaditya Mattoo, World Bank, and Arvind Subramanian, Peterson Institute), American Economic Journal: Economic Policy, 9 (4):344-66. (IMF Working Paper No. 12/88).

Establishing Rules of the Game for the International Monetary System, Central Banking Journal. June 13, 2016.

India-US Trade and Investment: Have They Been Up To Potential? (with Devesh Roy, IFPRI), Global Economy Journal, Volume 16, Issue 3 (September 2016), Pages 539–567, ISSN (Online) 1553-5304, ISSN (Print) 2194-5659.

Emigration and Wages in Source Countries: A Survey of the Empirical Literature, February 2014, Robert Lucas edited International Handbook on Migration and Economic Development.

How Does Trade Evolve in the Aftermath of Financial Crises? (with Abdul Abiad and Petia Topalova, IMF), IMF Economic Review, 2014, Vol. 62, Issue 2, pp. 213-247 (IMF WP No. 11/3).

Three’s Company: Washington, Wall Street and K Street (with Deniz Igan, IMF), The Journal of Law & Economics, November 2014, Vol. 57, No. 4, pp. 1063-1084.

Monetary Policy and Bank Lending Rates in Low-Income Countries: Heterogeneous Panel Estimates, with Peter Montiel and Peter Pedroni (Williams College), and Antonio Spilimbergo (IMF), Journal of Development Economics, 2014, 111, 117-131.

The Dynamics of Firm Lobbying (with William Kerr, Harvard University and William Lincoln, University of Michigan), American Economic Journal: Economic Policy, 2014, 6(4): 343-79 (NBER WP No.17577).

Democracy and Reforms (with Paola Giuliano, UCLA and Antonio Spilimbergo, IMF), American Economic Journal: Macroeconomics, 2013, 5(4): 179-204. (IZA DP No. 4032, CEPR DP No. 7194, IMF WP No. 10/173).

How Effective Is Monetary Transmission in Developing Countries? A Survey of the Empirical Evidence, (with Peter Montiel, Williams College), Economic Systems, 2013, Elsevier, vol. 37(2), pages 187-216 (CEPR DP No.8577).

Trade Liberalization and Wage Inequality in India: A Mandated Wage Equation Approach (with Deb Kusum Das, Delhi University), India Growth and Development Review, 2013, Vol. 6 Issue: 1, pp.113 - 127.

India’s External Sector: Do We Need to Worry? (with C.Rangarajan) Economic and Political Weekly, February 16, 2013.

Has India’s Growth Story Withered? Economic and Political Weekly, April 13, 2013.

Financial and Distributional Implications of the Food Security Law, Economic and Political Weekly, September 28, 2013.

Monetary Transmission in Low-Income Countries (with Peter Montiel, Williams College, and Antonio Spilimbergo, IMF), CEPR DP No. 7926, IMF WP No.10/223, IMF Economic Review, 2012, 60, 270–302.

Political Representation and Crime: Evidence from India’s Panchayati Raj (with Lakshmi Iyer, (Harvard), Anandi Mani (Warrick) and Petia Topalova (IMF)), American Economic Journal, Applied Economics, 2012, 4(4): 165–93, (Harvard Business School WP No. 11-092).

Explaining Inflation in India: The Role of Food Prices (with Devesh Roy, IFPRI), Brookings-NCAER India Policy Forum. Volume 8, 2011-12.

Exchange Rates and Wages in an Integrated World (with Antonio Spilimbergo, IMF), American Economic Journal, Macroeconomics, 3, October, 2011, pp. 1-33 (IMF WP No. 09/44, CEPR DP No. 7167).

A Fistful of Dollars: Lobbying and the Financial Crisis (with Deniz Igan and Thierry Tressel, IMF), forthcoming, NBER Macro Annual, 2011, Volume 26 (IMF WP No. 09/28, NBER WP No. w17076; covered in the Guardian, BBC, New York Times, IMF Survey Online, Vox; Best Paper Award, Midwest Finance Association; Top 10 downloads in SSRN).

Do Special Interest Groups Affect Immigration? (with Anna Maria Mayda, Georgetown University and Giovanni Facchini, University of Rotterdam), Journal of International Economics, 2011, Volume 85, Issue 1, September, pp. 114-128 (IMF WP No 08/244, IZA Working Paper No. 3183, CEPR DP No. 68).

Does Health Aid Matter? (with David Newhouse, World Bank), Journal of Health Economics, 2009, Volume 28, Issue 4, July, Pages 855-872 (IMF Working Paper No.07/100).

Policies, Enforcement, and Customs Evasion: Evidence from India (with Arvind Subramanian and Petia Topalova, IMF), Journal of Public Economics, 2008, Vol 92, pp. 1907-1925 (IMF Working Paper No. 07/60).

Trade Liberalization and Wage Inequality: Evidence from India, (with Utsav Kumar, University of Maryland), Review of Development Economics, 2008, Vol. 12, Issue 2, pp. 291-311 (IMF Working Paper No. 05/20.)

Emigration and Wages in Source Countries: Evidence from Mexico, Journal of Development Economics, 2007, no. 82, pp. 180-199 (IMF WP No. 06/86).

Stolper-Samuelson is Dead and Other Crimes of Both Theory and Data (with Donald Davis, Columbia University), in Ann Harrison eds. Globalization and Poverty: University of Chicago Press and the National Bureau of Economic Research, March, 2007.

Emigration and Brain-Drain: Evidence from the Caribbean, The B.E. Journals in Economic Analysis & Policy, Berkeley Electronic Press, 2007, Vol. 7, Issue 1 (Topics), Article 24, (IMF Working Paper No. 06/25, covered in the BBC).

Publications in Books and Conference Volumes

The Dynamics of Firm Lobbying (with William Kerr and William Lincoln), Vox, November 22, 2011-11-24

Did Anti-Regulation Lobbying Fuel the Subprime Crisis? (with Deniz Igan), Vox, August 11, 2011

Making Friends (with Deniz Igan, IMF), Finance and Development, June, 2011, Volume 48.

Free Governments, Good Policies (with Paola Giuliano, UCLA and Antonio Spilimbergo, IMF), Finance and Development, March 2011, Vol 48, No. 1.

Lobbying and the Financial Crisis (with Deniz Igan and Thierry Tressel), Vox, January 27, 2010.

Do Financial Crises Have Lasting Effects on Trade? (with Abdul Abiad, and Petia Topalova, IMF), World Economic Outlook, October, 2010, Chapter 4.

Seven Questions About Political Influence and the Financial Crisis (with Deniz Igan and Thierry Tressel, IMF), IMF Research Bulletin, December, 2009, Vol 10, No. 4.

How Does Globalization Affect Developing Countries (with Petia Topalova), IMF Research Bulletin, September, 2007, Vol 8, No. 3.