D. Filiz Unsal
Last Updated: November 08, 2019

D. FILIZ ÜNSAL is a senior economist in the Development Macroeconomics Division of the Research Department at the IMF. She joined the Fund in 2009 and since then has led various operational and research initiatives in the areas of monetary and financial sector policies for emerging and developing countries in the Strategy, Policy and Review Department, and prior to this, in the Asia and Pacific Department. Ms. Ünsal has also worked for the World Bank, providing advice on macroprudential policy and banking supervision and resolution. She received her Ph.D. in Economics, and MSc in Economics and Finance from the University of York. Ms. Ünsal’s research interests and published articles are in the areas of monetary policy frameworks and policies, financial sector policies and financial inclusion, and open economy macroeconomics.
Email: DUNSAL@imf.org
Fluent In: Spanish, Turkish.
Education:
Ph.D. in Economics, University of York, 2009
M.Sc. in Economics and Finance, University of York, 2006
B.A. Economics, METU, 2004
Other Professional Positions:
Economist, Financial Sector Advisory Center, World Bank (Vienna), 2016-2018
External Lecturer, University of Vienna, Vienna, 2017-2018.
IMF Career:
Senior Economist, Development Macroeconomics Division, Research Department, IMF
Economist, Development Macroeconomics Division, Research Department, since 2018
Economist, Low-Income Strategy Unit, Strategy Policy and Review Department, 2012-2016.
Economist,Open Economy Macroeconomics Division, Research Department, 2011-2012.
Economist, Regional Studies Division, Asia and Pacific Department, 2009-2011.
Field of Expertise:
Development Economics
Monetary Policy
Open Economy Macroeconomics
Macro-Financial Issues
IMF Books and Working Papers:
Macroeconomic Research in Low-income Countries:Advances Made in Five Key Areas Through a DFID-IMF Collaboration , Departmental Paper No 2021/006 , March 24, 2021
A Conceptual Model for the Integrated Policy Framework , Working Paper No. 20/121 , July 07, 2020
Financial Inclusion : Zooming in on Latin America , Working Paper No. 15/206 , September 28, 2015
On the Drivers of Inflation in Sub-Saharan Africa , Working Paper No. 15/189 , August 05, 2015
Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy , Working Paper No. 15/22 , January 27, 2015
Taxing Fossil Fuels under Speculative Storage , Working Paper No. 14/228 , December 18, 2014
On the use of Monetary and Macroprudential Policies for Small Open Economies , Working Paper No. 14/112 , June 24, 2014
The External Balance Assessment (EBA) Methodology , Working Paper No. 13/272 , December 31, 2013
Global Financial Crisis, Financial Contagion, and Emerging Markets , Working Paper No. 12/293 , December 13, 2012
On the Sources and Consequences of Oil Price Shocks : The Role of Storage , Working Paper No. 12/270 , November 08, 2012
The Effectiveness of Monetary Policy Transmission Under Capital Inflows : Evidence from Asia , Working Paper No. 12/265 , November 02, 2012
Inflation Dynamics in Asia : Causes, Changes, and Spillovers From China , Working Paper No. 11/257 , November 01, 2011
Capital Flows and Financial Stability : Monetary Policy and Macroprudential Responses , Working Paper No. 11/189 , August 01, 2011
A Quantitative Assessment of Financial Conditions in Asia , Working Paper No. 11/170 , July 01, 2011
Sovereign Spreads and Contagion Risks in Asia , Working Paper No. 11/134 , June 01, 2011
External Finance, Sudden Stops, and Financial Crisis : What is Different This Time? , Working Paper No. 10/158 , July 01, 2010
On the Optimal Adherence to Money Targets in a New-Keynesian Framework: An Application to Low-Income Countries , Working Paper No. 10/134 , June 01, 2010
On the Sources of Oil Price Fluctuations , Working Paper No. 09/285 , December 01, 2009
Other Published Materials
Evolving Monetary Policy Frameworks in Low-Income and Developing Countries, 2016, IMF Policy Paper.
Macroprudential Policy—Considerations for Low-Income Countries, 2014, IMF Staff Guidance Note
Conditionality in Evolving Monetary Policy Regimes, 2014, IMF Policy Paper.
Books
Publications in Journals (Refereed)
Publications in Books and Conference Volumes
Other Published Materials

D. FILIZ ÜNSAL is a senior economist in the Development Macroeconomics Division of the Research Department at the IMF. She joined the Fund in 2009 and since then has led various operational and research initiatives in the areas of monetary and financial sector policies for emerging and developing countries in the Strategy, Policy and Review Department, and prior to this, in the Asia and Pacific Department. Ms. Ünsal has also worked for the World Bank, providing advice on macroprudential policy and banking supervision and resolution. She received her Ph.D. in Economics, and MSc in Economics and Finance from the University of York. Ms. Ünsal’s research interests and published articles are in the areas of monetary policy frameworks and policies, financial sector policies and financial inclusion, and open economy macroeconomics.
Email: DUNSAL@imf.org
Fluent In: Spanish, Turkish.
Education:
Ph.D. in Economics, University of York, 2009
M.Sc. in Economics and Finance, University of York, 2006
B.A. Economics, METU, 2004
Other Professional Positions:
Economist, Financial Sector Advisory Center, World Bank (Vienna), 2016-2018
External Lecturer, University of Vienna, Vienna, 2017-2018.
IMF Career:
Senior Economist, Development Macroeconomics Division, Research Department, IMF
Economist, Development Macroeconomics Division, Research Department, since 2018
Economist, Low-Income Strategy Unit, Strategy Policy and Review Department, 2012-2016.
Economist,Open Economy Macroeconomics Division, Research Department, 2011-2012.
Economist, Regional Studies Division, Asia and Pacific Department, 2009-2011.
Field of Expertise:
Development Economics
Monetary Policy
Open Economy Macroeconomics
Macro-Financial Issues
IMF Books and Working Papers:
Macroeconomic Research in Low-income Countries:Advances Made in Five Key Areas Through a DFID-IMF Collaboration , Departmental Paper No 2021/006 , March 24, 2021
A Conceptual Model for the Integrated Policy Framework , Working Paper No. 20/121 , July 07, 2020
Financial Inclusion : Zooming in on Latin America , Working Paper No. 15/206 , September 28, 2015
On the Drivers of Inflation in Sub-Saharan Africa , Working Paper No. 15/189 , August 05, 2015
Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy , Working Paper No. 15/22 , January 27, 2015
Taxing Fossil Fuels under Speculative Storage , Working Paper No. 14/228 , December 18, 2014
On the use of Monetary and Macroprudential Policies for Small Open Economies , Working Paper No. 14/112 , June 24, 2014
The External Balance Assessment (EBA) Methodology , Working Paper No. 13/272 , December 31, 2013
Global Financial Crisis, Financial Contagion, and Emerging Markets , Working Paper No. 12/293 , December 13, 2012
On the Sources and Consequences of Oil Price Shocks : The Role of Storage , Working Paper No. 12/270 , November 08, 2012
The Effectiveness of Monetary Policy Transmission Under Capital Inflows : Evidence from Asia , Working Paper No. 12/265 , November 02, 2012
Inflation Dynamics in Asia : Causes, Changes, and Spillovers From China , Working Paper No. 11/257 , November 01, 2011
Capital Flows and Financial Stability : Monetary Policy and Macroprudential Responses , Working Paper No. 11/189 , August 01, 2011
A Quantitative Assessment of Financial Conditions in Asia , Working Paper No. 11/170 , July 01, 2011
Sovereign Spreads and Contagion Risks in Asia , Working Paper No. 11/134 , June 01, 2011
External Finance, Sudden Stops, and Financial Crisis : What is Different This Time? , Working Paper No. 10/158 , July 01, 2010
On the Optimal Adherence to Money Targets in a New-Keynesian Framework: An Application to Low-Income Countries , Working Paper No. 10/134 , June 01, 2010
On the Sources of Oil Price Fluctuations , Working Paper No. 09/285 , December 01, 2009
Other Published Materials
Evolving Monetary Policy Frameworks in Low-Income and Developing Countries, 2016, IMF Policy Paper.
Macroprudential Policy—Considerations for Low-Income Countries, 2014, IMF Staff Guidance Note
Conditionality in Evolving Monetary Policy Regimes, 2014, IMF Policy Paper.