## Alessia De Stefani ## Source details **Canonical URL:** [Alessia De Stefani](https://www.imf.org/en/research/researcher-cv/author/alessia-destefani) ## Other formats - [Markdown version](/en/research/researcher-cv/author/alessia-destefani/index.md) - [Structured JSON version](/en/research/researcher-cv/author/alessia-destefani/index.json) - [Bundle manifest](/en/research/researcher-cv/author/alessia-destefani/bundle-manifest.json) ## Bibliographic details - Authors: Alessia De Stefani --- ### Biography Alessia De Stefani is an Economist in the Macro-Financial Division of the IMF's Research Department. Prior to joining the IMF, Alessia was a Research Economist at the Danish Central Bank (Danmarks Nationalbank) and an Economist at the OECD. Her research focuses on housing markets and household finance. Alessia holds a PhD from the University of Edinburgh and a MSc in Economics and Social Sciences from Bocconi University. ### Profile ### Education - PhD in Economics, University of Edinburgh, 2017 - MSc Economics and Social Sciences, Bocconi University, 2011 ### Previous Experience - 2020-2023: Economist, Asia and Pacific Department, International Monetary Fund - 2017-2020: Research Economist, Danmarks Nationalbank - 2016-2017: Economist/Policy Analyst, Organization for Economic Cooperation and Development ### Referee Activities - The Review of Economics and Statistics; Journal of Money Credit and Banking; Journal of Housing Economics; Economic Letters; Scandinavian Journal of Economics; International Journal of Central Banking ### Country work or Mission Assignment - Cambodia (2020-2023) - Lao PDR (2020-2023) ### IMF Direct Blog Posts - [Housing is One Reason not all Countries Feel Same Pinch of Higher Interest Rates](https://www.imf.org/en/Blogs/Articles/2024/04/08/housing-is-one-reason-not-all-countries-feel-same-pinch-of-higher-interest-rates) ### IMF Publications ### IMF Books and Working Papers - [Missing Home-Buyers and Rent Inflation: The Role of Interest Rates and Mortgage Underwriting Standards](https://www.imf.org/en/publications/wp/issues/2025/05/09/missing-home-buyers-and-rent-inflation-the-role-of-interest-rates-and-mortgage-underwriting-566798), Working Paper No. 2025/090 , May 9, 2025 - [Long-Term Debt and Short-Term Rates: Fixed-Rate Mortgages and Monetary Transmission](https://www.imf.org/en/publications/wp/issues/2025/01/24/long-term-debt-and-short-term-rates-fixed-rate-mortgages-and-monetary-transmission-560270), Working Paper No. 2025/024 , January 24, 2025 - [Accelerating Innovation and Digitalization in Asia to Boost Productivity](https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2023/01/08/accelerating-innovation-and-digitalization-in-asia-to-boost-productivity-523807), Departmental Paper No 2023/001 , January 9, 2023 - [Household Vulnerability to Income Shocks in Emerging and Developing Asia: the Case of Cambodia, Nepal and Vietnam](https://www.imf.org/en/publications/wp/issues/2022/04/01/household-vulnerability-to-income-shocks-in-emerging-and-developing-asia-the-case-of-515960), Working Paper No. 2022/064 , April 1, 2022 ### IMF Country Reports - [2023- Lao PDR Staff Report](https://www.imf.org/en/Publications/CR/Issues/2023/05/22/Lao-People-s-Democratic-Republic-2023-Article-IV-Consultation-Press-Release-Staff-Report-533636) - [2022- Cambodia Staff Report](https://www.imf.org/en/Publications/CR/Issues/2022/12/15/Cambodia-2022-Article-IV-Consultation-Press-Release-Staff-Report-and-Statement-by-the-526993) - [2021- Cambodia Staff Report](https://www.imf.org/en/Publications/CR/Issues/2021/12/08/Cambodia-2021-Article-IV-Consultation-Press-Release-and-Staff-Report-510848) ### F&D articles - [Housing Markets and Monetary Policy](https://www.imf.org/en/publications/fandd/issues/2024/12/housing-markets-and-monetary-policy-mehdi-andaloussi) ### Other Published Materials - [World Economic Outlook, April 2024, Chapter 2: Feeling the Pinch? Tracing the Effects of Monetary Policy through Housing Markets](https://www.imf.org/en/Publications/WEO/Issues/2024/04/16/world-economic-outlook-april-2024) ### Non-IMF Publications ### Publications in Journals (Referred) - ["Spending Response to a Predictable Increase in Mortgage Repayments: Evidence from Expiring Interest-Only Loans", with Henrik Yde Andersen and Stine Ludvig Bech, The Review of Economics and Statistics, 106 (1), Pages 277-285, 2024](https://direct.mit.edu/rest/article-abstract/106/1/277/108826/Spending-Response-to-a-Predictable-Increase-in?redirectedFrom=fulltext) - ["House Price History, Biased Expectations and Credit Cycles: the Role of Housing Investors" Real Estate Economics, 49: 1238– 1266 , 2021](https://onlinelibrary.wiley.com/doi/abs/10.1111/1540-6229.12328) - ["Debt, Inequality and House Prices: Explaining the Dynamics of Household Borrowing Prior to the Great Recession" , Journal of Housing Economics, 47: 2020](https://www.sciencedirect.com/science/article/abs/pii/S1051137717302693) ### Publications in Books and Conference Volumes - ["Beliefs and Risk Taking", with Kaspar Zimmermann In "Leveraged: The New Economics of Debt and Financial Fragility", Chicago University Press, 2022](https://press.uchicago.edu/ucp/books/book/chicago/L/bo154076466.html) ### Other Published Materials - ["The Geography of Firm Dynamics" , OECD Publishing, Paris, 2017](https://www.oecd.org/en/publications/the-geography-of-firm-dynamics_9789264286764-en.html) --- ## Content in this bundle - **Alessia De Stefani: Curriculum Vitae** - [Alessia De Stefani: Curriculum Vitae (Markdown version)](/-/media/files/cv/pdfs/alessia-destefani.pdf.md){rel="alternate" type="text/markdown"} - [Alessia De Stefani: Curriculum Vitae (PDF)](/-/media/files/cv/pdfs/alessia-destefani.pdf){rel="external" type="application/pdf"} --- _Source: https://www.imf.org/en/research/researcher-cv/author/alessia-destefani_