Jean-Marc Natal
LastUpdated: May 25, 2026
Jean-Marc Natal is Deputy Chief of the World Economic Studies Division – in charge of the WEO -- in the Research Department of the IMF. Prior to joining the IMF, he was Deputy Director of Research at the Swiss National Bank where he advised the Board on monetary policy decisions and strategy. Mr Natal taught Monetary Theory and Policy at the University of Geneva and his research is published in various economics journals, including the Economic Journal and the Journal of Money, Credit and Banking. He holds a PhD in International Economics from the Graduate Institute of International Studies in Geneva.
Email: JNATAL@imf.org
Fluent In: French, German.
IMF Books and Working Papers:
Industrial Policy and Supply Chain Bottlenecks in Commodity Markets: Evidence from Rare Earth Elements, Working Paper No. 2026/072 , July 17, 2026
Macroeconomic Effects of Rare Earths Supply Chain Disruptions, Working Paper No. 2026/073 , July 17, 2026
Commodity-driven Macroeconomic Fluctuations: Does Size Matter?, Working Paper No. 2025/208 , October 14, 2025
Immigration and Wage Dynamics in Germany, Working Paper No. 2019/301 , December 27, 2019
How Informative Are Real Time Output Gap Estimates in Europe?, Working Paper No. 2019/200 , September 20, 2019
Globalization, Market Power, and the Natural Interest Rate, Working Paper No. 2019/095 , May 6, 2019
