Francisco Roch

Last Updated: April 27, 2021

Francisco Roch

Francisco Roch is an Economist in the Systemic Issues Division at the Research Department. Previously, he worked in the African, Western Hemisphere, and the Strategy and Policy Review Departments. While on leave from the IMF during 2017-19, he was Deputy Manager of the Research Department at the Center for Latin American Monetary Studies (CEMLA), in Mexico. He holds a Ph.D. from the University of Chicago and has been at the IMF since 2012.

Email: FROCH@imf.org

Personal WebPage: https://sites.google.com/site/franroch/

Fluent In: Spanish.

Education:

Ph.D. in Economics, University of Chicago, 2012

M.A. in Economics, University of Chicago, 2008

B.A. in Economics, Universidad del CEMA (UCEMA), Buenos Aires, Argentina, 2005


Referee Activities:

American Economic Review, Econometrica, Journal of Political Economy, The Economic Journal, Macroeconomics Dynamics, AEJ: Macroeconomics, Journal of Money, Credit and Banking, Review of Economics and Statistics, Journal of Applied Economics, Review of Economic Dynamics, Journal of Economic Dynamics and Control, Monetaria, Economics Letters, Journal of International Economics, International Journal of Central Banking, Journal of Macroeconomics.


Field of Expertise:

Macro-Financial Issues

Open Economy Macroeconomics

International Finance

IMF Books and Working Papers:

Numerical Fiscal Rules for Economic Unions: the Role of Sovereign Spreads , Working Paper No. 2021/196 , July 23, 2021

Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt , Working Paper No. 2021/076 , March 12, 2021

Robust Optimal Macroprudential Policy , Working Paper No. 2021/055 , February 26, 2021

Constrained Efficient Borrowing with Sovereign Default Risk , Working Paper No. 20/227 , November 08, 2020

A Conceptual Model for the Integrated Policy Framework , Working Paper No. 20/121 , July 07, 2020

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru , Working Paper No. 17/208 , September 29, 2017

Housing Finance and Real Estate Markets in Colombia , Working Paper No. 17/190 , August 18, 2017

The Dynamics of Sovereign Debt Crises and Bailouts , Working Paper No. 16/136 , July 11, 2016

Fiscal Rules and the Sovereign Default Premium , Working Paper No. 12/30 , January 01, 2012

IMF Country Reports

Colombia : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia

Peru : 2017 Article IV Consultation-Press Release; and Staff Report

Colombia : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia

Peru : 2016 Article IV Consultation-Press Release; and Staff Report

Rwanda : Third Review Under the Policy Support Instrument

El Salvador : Staff Report for the 2013 Article IV Consultation

Other Published Materials

IMF COUNTRY FOCUS: Peru's Future Growth Can be Lifted Through Structural Reforms

“Dealing with the Gathering Clouds,” Chapter 1 of the Sub-Saharan Africa Regional Economic Outlook, October 2015.

“How Can Sub-Saharan Africa Harness the Demographic Dividend?,” Chapter 2 of the Sub-Saharan Africa Regional Economic Outlook, April 2015.

“Staying the Course,” Chapter 1 of the Sub-Saharan Africa Regional Economic Outlook, October 2014.

“Optimal Sovereign Debt Levels: The Information in Sovereign Spreads,” in Chapter 4 of the Western Hemisphere Regional Economic Outlook, May 2013.

Francisco Roch

Francisco Roch is an Economist in the Systemic Issues Division at the Research Department. Previously, he worked in the African, Western Hemisphere, and the Strategy and Policy Review Departments. While on leave from the IMF during 2017-19, he was Deputy Manager of the Research Department at the Center for Latin American Monetary Studies (CEMLA), in Mexico. He holds a Ph.D. from the University of Chicago and has been at the IMF since 2012.

Email: FROCH@imf.org

Personal WebPage: https://sites.google.com/site/franroch/

Fluent In: Spanish.

Education:

Ph.D. in Economics, University of Chicago, 2012

M.A. in Economics, University of Chicago, 2008

B.A. in Economics, Universidad del CEMA (UCEMA), Buenos Aires, Argentina, 2005


Referee Activities:

American Economic Review, Econometrica, Journal of Political Economy, The Economic Journal, Macroeconomics Dynamics, AEJ: Macroeconomics, Journal of Money, Credit and Banking, Review of Economics and Statistics, Journal of Applied Economics, Review of Economic Dynamics, Journal of Economic Dynamics and Control, Monetaria, Economics Letters, Journal of International Economics, International Journal of Central Banking, Journal of Macroeconomics.


Field of Expertise:

Macro-Financial Issues

Open Economy Macroeconomics

International Finance

IMF Books and Working Papers:

Numerical Fiscal Rules for Economic Unions: the Role of Sovereign Spreads , Working Paper No. 2021/196 , July 23, 2021

Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt , Working Paper No. 2021/076 , March 12, 2021

Robust Optimal Macroprudential Policy , Working Paper No. 2021/055 , February 26, 2021

Constrained Efficient Borrowing with Sovereign Default Risk , Working Paper No. 20/227 , November 08, 2020

A Conceptual Model for the Integrated Policy Framework , Working Paper No. 20/121 , July 07, 2020

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru , Working Paper No. 17/208 , September 29, 2017

Housing Finance and Real Estate Markets in Colombia , Working Paper No. 17/190 , August 18, 2017

The Dynamics of Sovereign Debt Crises and Bailouts , Working Paper No. 16/136 , July 11, 2016

Fiscal Rules and the Sovereign Default Premium , Working Paper No. 12/30 , January 01, 2012

IMF Country Reports

Colombia : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia

Peru : 2017 Article IV Consultation-Press Release; and Staff Report

Colombia : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia

Peru : 2016 Article IV Consultation-Press Release; and Staff Report

Rwanda : Third Review Under the Policy Support Instrument

El Salvador : Staff Report for the 2013 Article IV Consultation

Other Published Materials

IMF COUNTRY FOCUS: Peru's Future Growth Can be Lifted Through Structural Reforms

“Dealing with the Gathering Clouds,” Chapter 1 of the Sub-Saharan Africa Regional Economic Outlook, October 2015.

“How Can Sub-Saharan Africa Harness the Demographic Dividend?,” Chapter 2 of the Sub-Saharan Africa Regional Economic Outlook, April 2015.

“Staying the Course,” Chapter 1 of the Sub-Saharan Africa Regional Economic Outlook, October 2014.

“Optimal Sovereign Debt Levels: The Information in Sovereign Spreads,” in Chapter 4 of the Western Hemisphere Regional Economic Outlook, May 2013.

Publications in Journals (Refereed)

"The dynamics of sovereign debt crises and bailouts," with Harald Uhlig, Journal of International Economics, Volume 114, September 2018, Pages 1-13.

"The adjustment to commodity price shocks," Journal of Applied Economics, volume 22, 2019, pages 437-467.

Other Published Materials

LSE Business Review: "GDP-linked bonds: why so few, and why so expensive?"

Foco Economico: "Bonos atados al PBI: ¿Por qué tan caros? ¿Por qué tan pocos?"

Foco Economico: "Equilibrios múltiples en los mercados de deuda y el papel de los organismos internacionales"

Foco Economico: "Reglas fiscales y riesgo país"