Julien Reynaud

Last Updated: July 09, 2020

Julien Reynaud

Fluent In: French, Spanish.

Education:

Ph.D. in Economics at Paris School of Economics - University Paris 1

M.Phil. in Money, Banking and Finance - University Paris 1

B.A. in International Economics - Durham University (ERASMUS - final year)


Previous Experience:

Organisation for Economic Co-operation and Development (Leave from IMF): Acting Head of the Mexico/Chile Desk – Economics Department, Country Studies Branch

Inter-American Development Bank: Research Fellow – Evaluation Office (OVE)

European Central Bank: Graduate Program Economist – DG-Statistics, Statistics Development and DG-International, EU Neighborhood Region; and Economist – DG-International, International Policy Analysis


Referee Activities:

Economie Internationale, European Central Bank WP Series, Journal of Regulatory Economics, Leuven Economic Review, Public Choice, Review of International Organizations, Review of Middle East Economics and Finance, Singapore Economic Review, IMF WP Series, European Journal of Political Economy, Economic Systems


Current Position:

Resident Representative for Ecuador


Seminar Presentation:

Everything You Always Wanted to Know About Fiscal Rules – IMF Analytical Corner, April 2018. Video available: https://www.imf.org/external/mmedia/view.aspx?vid=5772866077001


Teaching:

Financial Programming and Policies (FPP) - Ecuador - 2019/2020 - In Spanish

Fiscal Analysis and Forecasting – Singapore Regional Training Institute (STI) – 2018/2019 (preparation of the course)

Debt Sustainability – IMF HQ Washington – 2017/2018 - In French


IMF Career:

Senior Economist - Fiscal Affairs Dept. - Fiscal Policy Division

Senior Economist – Western Hemisphere Dept. - Caribbean Division

Economist – Western Hemisphere Dept. - Caribbean Division

Economist – Western Hemisphere Dept. - North America Division

Advisor – Office of the Executive Director for France


Field of Expertise:

Monetary Policy

Banking

Public Finance

Macro-Financial Issues

International Finance

Energy and Environmental Economics

Development Economics

IMF Books and Working Papers:

How to Design Subnational Fiscal Rules : A Primer , How-To Note No. 20/01 , February 25, 2020

Assessing IMF Lending: a Model of Sample Selection , Working Paper No. 19/157 , July 19, 2019

Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy , Working Paper No. 19/49 , March 05, 2019

Thou Shalt Not Breach: The Impact on Sovereign Spreads of Noncomplying with the EU Fiscal Rules , Working Paper No. 18/87 , April 13, 2018

Monetary Policy Transmission in the Eastern Caribbean Currency Union , Working Paper No. 18/70 , March 29, 2018

IMF Lending in an Interconnected World , Working Paper No. 17/155 , July 10, 2017

Money and Credit : Theory and Applications , Working Paper No. 17/14 , January 27, 2017

Risk Taking and Interest Rates : Evidence from Decades in the Global Syndicated Loan Market , Working Paper No. 17/16 , January 27, 2017

Caribbean Energy : Macro-Related Challenges , Working Paper No. 16/53 , March 08, 2016

Gauging Housing Supply in Canada : A Stock Approach , Working Paper No. 15/128 , June 22, 2015

IMF Country Reports

Ecuador : Request for Purchase under the Rapid Financing Instrument and Cancellation of Arrangement under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ecuador. Country Report No. 2020/178

Ecuador: 2019 Second and Third Reviews Under The Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria-Press Release and Staff Report. Country Report No. 19/379

Senegal: 2018 Seventh Review Under the Policy Support Instrument and Article IV Consultation: Country Report No. 18/297

Senegal: 2018 Sixth Review Under the Policy Support Instrument: Country Report No. 18/211

Senegal: 2017 Fifth Review Under the Policy Support Instrument: Country Report No. 18/8

Eastern Caribbean Currency Union: 2016 Discussion on Common Policies of Member Countries: Country Report No. 16/333

St. Vincent and the Grenadines: 2014 Article IV Consultation-Staff Report Series: Country Report No. 15/259

St. Vincent and the Grenadines: Request for RCF/RFI: Country Report No. 14/360

Canada: 2013 Article IV Consultation Series: Country Report No. 14/27

Canada: 2012 Article IV Consultation Series: Country Report No. 13/40

United States: 2012 Article IV Consultation Series: Country Report No. 12/213

Canada: 2011 Article IV Consultation Series: Country Report No. 11/364

IMF Occasional Papers, Pamphlets, and Special Issues Papers

Assessing Fiscal Space: An Update and Stocktaking, Policy Paper, June 2018.

Second-Generation Fiscal Rules: Balancing Simplicity, Flexibility, and Enforceability. Staff Discussion Note SDN/18/04.

Power Play: Energy and Manufacturing in North America. Chapter 3: Canada: Macroeconomic Implications and Challenges of the Unconventional Energy Revolution. International Monetary Fund, 2015. With L. Lusinyan, D. Muir, and S. Patra.

Selected Issue

Senegal: Selected Issues Series: Country Report No. 19/28.

Canada: Selected Issues Series: Country Report No. 14/28

Canada: Selected Issues Series: Country Report No. 13/41

United States: Selected Issues Series: Country Report No. 12/214

Canada: Selected Issues Paper Series: Country Report No. 11/365

Publications in Journals (Refereed)

Do fiscal rules cause better fiscal balances? A new instrumental variable strategy. European Journal of Political Economy, Volume 63, June 2020, 101873. With F. Caselli.

IMF surveillance and Financial Markets - A Political Economy Analysis. European Journal of Political Economy, Vol. 27/3, 2011. With M. Fratzscher.

Proximity in Coalition Building. Central European Journal of Economic Modelling and Econometrics, vol. 3(3), pages 111-132, September 2010. With F. Lange, L. Gatarek, and C. Thimann.

Could Efficiency Analysis Help In Predicting Bank Failure? The Case of the 2001 Turkish Crisis. Review of Middle East Economics and Finance, Vol.6/1, 2010.

Risky public domestic debt composition in emerging market economies. Journal of International Money and Finance, Vol.29/1, 2010. With A. Mehl.

Geopolitics and International Organizations: An Empirical Study on IMF Facilities. Journal of Development Economics, Vol.89/1, 2009. With J. Vauday.

A Real Option Analysis of Banking Crisis, A Case Study of the 1994 and 2001 Turkish Banking Crises. Revue d’Economie Financière, No. 87, 2007.

Exchange Rate-Based Stabilization Program, Exchange Rate Crisis, Constrained Monetary Instruments: The Case of Turkey. Economie Internationale, No. 108, 2006. With J. Héricourt.

Monetary policy during a financial distress: The case of Turkey. Economie Internationale, No. 103, 2005. With A. Ertugrul and J. Hericourt.

Publications in Books and Conference Volumes

Power Play: Energy and Manufacturing in North America. Chapter 3: Canada: Macroeconomic Implications and Challenges of the Unconventional Energy Revolution. International Monetary Fund, 2015. With L. Lusinyan, D. Muir, and S. Patra.

Geopolitics of Foreign Aid. Edited by H. Vilner and D. Tingley, Edward Elgar Publishing, 2013.

How to measure credit risk transfer in the EU. Bank of International Settlements, Irvin Fischer Committee Bulletin No 31, 2009. With P. Poloni.

Do banking crises enhance efficiency? A case study of the 1994 Turkish crisis and the 1998 Indonesian crisis. Money and Finance, Kenneth Kuttner Ed., Escolar Editoria, 2007. With R. Rokhim.

“TD d’économétrie” (an introduction to econometrics using EViews and SAS), Paris: Dunod Ed., 2007. With J. Héricourt.

“La politique monétaire de la BCE. Définition, cadre et mise en oeuvre”, in Les Systèmes Financiers : Mutations, crises et régulations, Economica Ed., 2013. With J. Héricourt.

Other Published Materials

Financial Inclusion and Women Entrepreneurship: Evidence from Mexico. 2017 Forthcoming. OECD Economics Department Working Papers 1411, OECD Publishing. With F. Fareed, M. Gabriel and P. Lenain.

Doing well by doing good: The role of Mexico's firms in achieving sustainable and inclusive growth. 2017. OECD Economics Department Working Papers 1383, OECD Publishing. With M. Gabriel, P. Lenain, M. Mehrez and P. Soneja.

Boosting productivity in Mexico through integration into global value chains. 2017. OECD Economics Department Working Papers 1376, OECD Publishing. With S. Dougherty.

Julien Reynaud

Fluent In: French, Spanish.

Education:

Ph.D. in Economics at Paris School of Economics - University Paris 1

M.Phil. in Money, Banking and Finance - University Paris 1

B.A. in International Economics - Durham University (ERASMUS - final year)


Previous Experience:

Organisation for Economic Co-operation and Development (Leave from IMF): Acting Head of the Mexico/Chile Desk – Economics Department, Country Studies Branch

Inter-American Development Bank: Research Fellow – Evaluation Office (OVE)

European Central Bank: Graduate Program Economist – DG-Statistics, Statistics Development and DG-International, EU Neighborhood Region; and Economist – DG-International, International Policy Analysis


Referee Activities:

Economie Internationale, European Central Bank WP Series, Journal of Regulatory Economics, Leuven Economic Review, Public Choice, Review of International Organizations, Review of Middle East Economics and Finance, Singapore Economic Review, IMF WP Series, European Journal of Political Economy, Economic Systems


Current Position:

Resident Representative for Ecuador


Seminar Presentation:

Everything You Always Wanted to Know About Fiscal Rules – IMF Analytical Corner, April 2018. Video available: https://www.imf.org/external/mmedia/view.aspx?vid=5772866077001


Teaching:

Financial Programming and Policies (FPP) - Ecuador - 2019/2020 - In Spanish

Fiscal Analysis and Forecasting – Singapore Regional Training Institute (STI) – 2018/2019 (preparation of the course)

Debt Sustainability – IMF HQ Washington – 2017/2018 - In French


IMF Career:

Senior Economist - Fiscal Affairs Dept. - Fiscal Policy Division

Senior Economist – Western Hemisphere Dept. - Caribbean Division

Economist – Western Hemisphere Dept. - Caribbean Division

Economist – Western Hemisphere Dept. - North America Division

Advisor – Office of the Executive Director for France


Field of Expertise:

Monetary Policy

Banking

Public Finance

Macro-Financial Issues

International Finance

Energy and Environmental Economics

Development Economics

IMF Books and Working Papers:

How to Design Subnational Fiscal Rules : A Primer , How-To Note No. 20/01 , February 25, 2020

Assessing IMF Lending: a Model of Sample Selection , Working Paper No. 19/157 , July 19, 2019

Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy , Working Paper No. 19/49 , March 05, 2019

Thou Shalt Not Breach: The Impact on Sovereign Spreads of Noncomplying with the EU Fiscal Rules , Working Paper No. 18/87 , April 13, 2018

Monetary Policy Transmission in the Eastern Caribbean Currency Union , Working Paper No. 18/70 , March 29, 2018

IMF Lending in an Interconnected World , Working Paper No. 17/155 , July 10, 2017

Money and Credit : Theory and Applications , Working Paper No. 17/14 , January 27, 2017

Risk Taking and Interest Rates : Evidence from Decades in the Global Syndicated Loan Market , Working Paper No. 17/16 , January 27, 2017

Caribbean Energy : Macro-Related Challenges , Working Paper No. 16/53 , March 08, 2016

Gauging Housing Supply in Canada : A Stock Approach , Working Paper No. 15/128 , June 22, 2015

IMF Country Reports

Ecuador : Request for Purchase under the Rapid Financing Instrument and Cancellation of Arrangement under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ecuador. Country Report No. 2020/178

Ecuador: 2019 Second and Third Reviews Under The Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria-Press Release and Staff Report. Country Report No. 19/379

Senegal: 2018 Seventh Review Under the Policy Support Instrument and Article IV Consultation: Country Report No. 18/297

Senegal: 2018 Sixth Review Under the Policy Support Instrument: Country Report No. 18/211

Senegal: 2017 Fifth Review Under the Policy Support Instrument: Country Report No. 18/8

Eastern Caribbean Currency Union: 2016 Discussion on Common Policies of Member Countries: Country Report No. 16/333

St. Vincent and the Grenadines: 2014 Article IV Consultation-Staff Report Series: Country Report No. 15/259

St. Vincent and the Grenadines: Request for RCF/RFI: Country Report No. 14/360

Canada: 2013 Article IV Consultation Series: Country Report No. 14/27

Canada: 2012 Article IV Consultation Series: Country Report No. 13/40

United States: 2012 Article IV Consultation Series: Country Report No. 12/213

Canada: 2011 Article IV Consultation Series: Country Report No. 11/364

IMF Occasional Papers, Pamphlets, and Special Issues Papers

Assessing Fiscal Space: An Update and Stocktaking, Policy Paper, June 2018.

Second-Generation Fiscal Rules: Balancing Simplicity, Flexibility, and Enforceability. Staff Discussion Note SDN/18/04.

Power Play: Energy and Manufacturing in North America. Chapter 3: Canada: Macroeconomic Implications and Challenges of the Unconventional Energy Revolution. International Monetary Fund, 2015. With L. Lusinyan, D. Muir, and S. Patra.

Selected Issue

Senegal: Selected Issues Series: Country Report No. 19/28.

Canada: Selected Issues Series: Country Report No. 14/28

Canada: Selected Issues Series: Country Report No. 13/41

United States: Selected Issues Series: Country Report No. 12/214

Canada: Selected Issues Paper Series: Country Report No. 11/365

Publications in Journals (Refereed)

Do fiscal rules cause better fiscal balances? A new instrumental variable strategy. European Journal of Political Economy, Volume 63, June 2020, 101873. With F. Caselli.

IMF surveillance and Financial Markets - A Political Economy Analysis. European Journal of Political Economy, Vol. 27/3, 2011. With M. Fratzscher.

Proximity in Coalition Building. Central European Journal of Economic Modelling and Econometrics, vol. 3(3), pages 111-132, September 2010. With F. Lange, L. Gatarek, and C. Thimann.

Could Efficiency Analysis Help In Predicting Bank Failure? The Case of the 2001 Turkish Crisis. Review of Middle East Economics and Finance, Vol.6/1, 2010.

Risky public domestic debt composition in emerging market economies. Journal of International Money and Finance, Vol.29/1, 2010. With A. Mehl.

Geopolitics and International Organizations: An Empirical Study on IMF Facilities. Journal of Development Economics, Vol.89/1, 2009. With J. Vauday.

A Real Option Analysis of Banking Crisis, A Case Study of the 1994 and 2001 Turkish Banking Crises. Revue d’Economie Financière, No. 87, 2007.

Exchange Rate-Based Stabilization Program, Exchange Rate Crisis, Constrained Monetary Instruments: The Case of Turkey. Economie Internationale, No. 108, 2006. With J. Héricourt.

Monetary policy during a financial distress: The case of Turkey. Economie Internationale, No. 103, 2005. With A. Ertugrul and J. Hericourt.

Publications in Books and Conference Volumes

Power Play: Energy and Manufacturing in North America. Chapter 3: Canada: Macroeconomic Implications and Challenges of the Unconventional Energy Revolution. International Monetary Fund, 2015. With L. Lusinyan, D. Muir, and S. Patra.

Geopolitics of Foreign Aid. Edited by H. Vilner and D. Tingley, Edward Elgar Publishing, 2013.

How to measure credit risk transfer in the EU. Bank of International Settlements, Irvin Fischer Committee Bulletin No 31, 2009. With P. Poloni.

Do banking crises enhance efficiency? A case study of the 1994 Turkish crisis and the 1998 Indonesian crisis. Money and Finance, Kenneth Kuttner Ed., Escolar Editoria, 2007. With R. Rokhim.

“TD d’économétrie” (an introduction to econometrics using EViews and SAS), Paris: Dunod Ed., 2007. With J. Héricourt.

“La politique monétaire de la BCE. Définition, cadre et mise en oeuvre”, in Les Systèmes Financiers : Mutations, crises et régulations, Economica Ed., 2013. With J. Héricourt.

Other Published Materials

Financial Inclusion and Women Entrepreneurship: Evidence from Mexico. 2017 Forthcoming. OECD Economics Department Working Papers 1411, OECD Publishing. With F. Fareed, M. Gabriel and P. Lenain.

Doing well by doing good: The role of Mexico's firms in achieving sustainable and inclusive growth. 2017. OECD Economics Department Working Papers 1383, OECD Publishing. With M. Gabriel, P. Lenain, M. Mehrez and P. Soneja.

Boosting productivity in Mexico through integration into global value chains. 2017. OECD Economics Department Working Papers 1376, OECD Publishing. With S. Dougherty.