{
  "title": "Rudolfs Bems",
  "sourceUrl": "https://www.imf.org/en/research/researcher-cv/author/bems-rudolfs",
  "canonical": "https://www.imf.org/en/research/researcher-cv/author/bems-rudolfs",
  "overlayPath": "/en/research/researcher-cv/author/bems-rudolfs/index.md",
  "summary": "Rudolfs Bems is an Economist at the IMF Research Department since 2007. His research interests fall in the general field of International Macroeconomics. He has published articles in leading academic journals, such as the Journal of International Economics and Review of Economic Dynamics. He received his Ph.D. in Economics from Stockholm School of Economics in 2005. He has also worked as an economist at the European Department of the IMF and at the Research Department of the European Central Bank.",
  "authors": [
    "Rudolfs Bems"
  ],
  "sections": [
    {
      "heading": "Biography",
      "content": "Rudolfs Bems is an Economist at the IMF Research Department since 2007. His research interests fall in the general field of International Macroeconomics. He has published articles in leading academic journals, such as the Journal of International Economics and Review of Economic Dynamics. He received his Ph.D. in Economics from Stockholm School of Economics in 2005. He has also worked as an economist at the European Department of the IMF and at the Research Department of the European Central Bank."
    },
    {
      "heading": "Education",
      "content": "- Ph.D. in Economics, Stockholm School of Economics, 2005\n\n- M.A. in Economics, New York University, 1999\n\n- B.Sc., Stockholm School of Economics in Riga, 1997"
    },
    {
      "heading": "Previous Experience",
      "content": "- International Monetary Fund, 2006-present\n\n- European Central Bank, 2005-2006"
    },
    {
      "heading": "Referee Activities",
      "content": "- Journal of Political Economy; Review of Economic Dynamics; Journal of International Economics; Macroeconomic Dynamics; Journal of International Money and Finance; Baltic Journal of Economics; Journal of Economic Integration"
    },
    {
      "heading": "IMF Books and Working Papers",
      "content": "- Demand for Safe Assets and Spillovers from the Global Dollar Cycle, Working Paper No. 2025/065 , April 4, 2025\n\n- Climate Policies and External Adjustment, Working Paper No. 2024/162 , July 26, 2024\n\n- Economic Consequences of Large Extraction Declines: Lessons for the Green Transition, Working Paper No. 2023/097 , May 8, 2023\n\n- Asset Purchase Programs in European Emerging Markets, Departmental Paper No 2021/021 , September 24, 2021\n\n- Gains from Anchoring Inflation Expectations: Evidence from the Taper Tantrum Shock, Working Paper No. 2019/075 , March 28, 2019\n\n- Expectations' Anchoring and Inflation Persistence, Working Paper No. 2018/280 , December 11, 2018\n\n- Is Inflation Domestic or Global? Evidence from Emerging Markets, Working Paper No. 2018/241 , November 8, 2018\n\n- Trading on Their Terms? Commodity Exporters in the Aftermath of the Commodity Boom, Working Paper No. 2016/027 , February 15, 2016\n\n- Demand for Value Added and Value-Added Exchange Rates, Working Paper No. 2015/199 , September 8, 2015\n\n- The External Balance Assessment (EBA) Methodology, Working Paper No. 2013/272 , December 31, 2013\n\n- Demand Spillovers and the Collapse of Trade in the Global Recession, Working Paper No. 2010/142 , June 1, 2010\n\n- Exchange Rate Assessments: Methodologies for Oil Exporting Countries, Working Paper No. 2009/281 , December 1, 2009\n\n- Current Account and Precautionary Savings for Exporters of Exhaustible Resources, Working Paper No. 2009/033 , February 1, 2009\n\n- Macroeconomics of Migration in New Member States, Working Paper No. 2008/264 , December 1, 2008\n\n- Aggregate Investment Expenditures on Tradable and Nontradable Goods, Working Paper No. 2008/045 , February 1, 2008\n\n- Finance and Convergence: What’s Ahead for Emerging Europe?, Working Paper No. 2007/244 , November 12, 2007"
    },
    {
      "heading": "Other Published Materials",
      "content": "- “The Role of the Composition Effect and intermediate Goods in the Great Trade Collapse,” Box in IMF World Economic Outlook, October 2010, pp 129-131 (with R. Johnson and K.-M. Yi)\n\n- “Cross-Border Labor Flows in New European Union Member States,” IMF Research Bulletin, Vol. 10, No. 1, March 2009, pp. 6-7.\n\n- “Current Account Determinants for Oil-Exporting Countries,” Box in IMF World Economic Outlook, October 2008, pp. 200-202 (with I. de Carvalho Filho)\n\n- “Cross-Border Labor Flows in New Member States: Patterns and Challenges,” IMF Regional Economic Outlook: Europe, October 2008, pp. 67-81 (with Philip Schellekens)\n\n- “Managing Rapid Financial Deepening in Emerging Europe,” IMF Regional Economic Outlook: Europe, November 2007, pp.35-48 (with Philip Schellekens)"
    },
    {
      "heading": "Publications in Journals (Refereed)",
      "content": "- “Current Account and Precautionary Savings for Exporters of Exhaustible Resources,” forthcoming in Journal of International Economics (with I. de Carvalho Filho)\n\n- “Demand Spillovers and the Collapse of Trade in the Global Recession,” IMF Economic Review, 2010, Vol. 58, No. 2, pp. 295-326 (with R. Johnson and K.-M. Yi)\n\n- “Aggregate Investment Expenditures on Tradable and Nontradable Goods,” Review of Economic Dynamics, 2008, Vol.11, No.4, pp. 852-883\n\n- “Efficiency of Slovenian Banking Sector in EU Context,” Journal for Money and Banking, 2008, Vol. 57, No. 11, pp. 82-88 (with P. Sorsa)\n\n- “US Imbalances: The Role of Technology and Policy,” Journal of International Money and Finance, 2007, Vol.26, No.4, pp. 523-545 (with L. Dedola and F. Smets)\n\n- “Trade Deficits in the Baltic States: How Long Will the Party Last?” Review of Economic Dynamics, 2006, Vol.9, No.1, pp. 179-209 (with K. Hartelius)"
    }
  ],
  "bullets": [
    "Ph.D. in Economics, Stockholm School of Economics, 2005",
    "M.A. in Economics, New York University, 1999",
    "B.Sc., Stockholm School of Economics in Riga, 1997",
    "International Monetary Fund, 2006-present",
    "European Central Bank, 2005-2006",
    "Journal of Political Economy; Review of Economic Dynamics; Journal of International Economics; Macroeconomic Dynamics; Journal of International Money and Finance; Baltic Journal of Economics; Journal of Economic Integration",
    "[Demand for Safe Assets and Spillovers from the Global Dollar Cycle](https://www.imf.org/en/publications/wp/issues/2025/04/04/demand-for-safe-assets-and-spillovers-from-the-global-dollar-cycle-565749), Working Paper No. 2025/065 , April 4, 2025",
    "[Climate Policies and External Adjustment](https://www.imf.org/en/publications/wp/issues/2024/07/26/climate-policies-and-external-adjustment-552075), Working Paper No. 2024/162 , July 26, 2024",
    "[Economic Consequences of Large Extraction Declines: Lessons for the Green Transition](https://www.imf.org/en/publications/wp/issues/2023/05/08/economic-consequences-of-large-extraction-declines-lessons-for-the-green-transition-533196), Working Paper No. 2023/097 , May 8, 2023",
    "[Asset Purchase Programs in European Emerging Markets](https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2021/09/23/asset-purchase-programs-in-european-emerging-markets-464648), Departmental Paper No 2021/021 , September 24, 2021",
    "[Gains from Anchoring Inflation Expectations: Evidence from the Taper Tantrum Shock](https://www.imf.org/en/publications/wp/issues/2019/03/28/gains-from-anchoring-inflation-expectations-evidence-from-the-taper-tantrum-shock-46660), Working Paper No. 2019/075 , March 28, 2019",
    "[Expectations' Anchoring and Inflation Persistence](https://www.imf.org/en/publications/wp/issues/2018/12/11/expectations-anchoring-and-inflation-persistence-46442), Working Paper No. 2018/280 , December 11, 2018",
    "[Is Inflation Domestic or Global? Evidence from Emerging Markets](https://www.imf.org/en/publications/wp/issues/2018/11/08/is-inflation-domestic-or-global-evidence-from-emerging-markets-46306), Working Paper No. 2018/241 , November 8, 2018",
    "[Trading on Their Terms? Commodity Exporters in the Aftermath of the Commodity Boom](https://www.imf.org/en/publications/wp/issues/2016/12/31/trading-on-their-terms-commodity-exporters-in-the-aftermath-of-the-commodity-boom-43707), Working Paper No. 2016/027 , February 15, 2016",
    "[Demand for Value Added and Value-Added Exchange Rates](https://www.imf.org/en/publications/wp/issues/2016/12/31/demand-for-value-added-and-value-added-exchange-rates-43264), Working Paper No. 2015/199 , September 8, 2015",
    "[The External Balance Assessment (EBA) Methodology](https://www.imf.org/en/publications/wp/issues/2016/12/31/the-external-balance-assessment-eba-methodology-41200), Working Paper No. 2013/272 , December 31, 2013",
    "[Demand Spillovers and the Collapse of Trade in the Global Recession](https://www.imf.org/en/publications/wp/issues/2016/12/31/demand-spillovers-and-the-collapse-of-trade-in-the-global-recession-23946), Working Paper No. 2010/142 , June 1, 2010",
    "[Exchange Rate Assessments: Methodologies for Oil Exporting Countries](https://www.imf.org/en/publications/wp/issues/2016/12/31/exchange-rate-assessments-methodologies-for-oil-exporting-countries-23463), Working Paper No. 2009/281 , December 1, 2009",
    "[Current Account and Precautionary Savings for Exporters of Exhaustible Resources](https://www.imf.org/en/publications/wp/issues/2016/12/31/current-account-and-precautionary-savings-for-exporters-of-exhaustible-resources-22648), Working Paper No. 2009/033 , February 1, 2009",
    "[Macroeconomics of Migration in New Member States](https://www.imf.org/en/publications/wp/issues/2016/12/31/macroeconomics-of-migration-in-new-member-states-22482), Working Paper No. 2008/264 , December 1, 2008",
    "[Aggregate Investment Expenditures on Tradable and Nontradable Goods](https://www.imf.org/en/publications/wp/issues/2016/12/31/aggregate-investment-expenditures-on-tradable-and-nontradable-goods-21651), Working Paper No. 2008/045 , February 1, 2008",
    "[Finance and Convergence: What’s Ahead for Emerging Europe?](https://www.imf.org/en/publications/wp/issues/2016/12/31/finance-and-convergence-whats-ahead-for-emerging-europe-21406), Working Paper No. 2007/244 , November 12, 2007",
    "“The Role of the Composition Effect and intermediate Goods in the Great Trade Collapse,” Box in IMF World Economic Outlook, October 2010, pp 129-131 (with R. Johnson and K.-M. Yi)",
    "“Cross-Border Labor Flows in New European Union Member States,” IMF Research Bulletin, Vol. 10, No. 1, March 2009, pp. 6-7.",
    "“Current Account Determinants for Oil-Exporting Countries,” Box in IMF World Economic Outlook, October 2008, pp. 200-202 (with I. de Carvalho Filho)",
    "“Cross-Border Labor Flows in New Member States: Patterns and Challenges,” IMF Regional Economic Outlook: Europe, October 2008, pp. 67-81 (with Philip Schellekens)",
    "“Managing Rapid Financial Deepening in Emerging Europe,” IMF Regional Economic Outlook: Europe, November 2007, pp.35-48 (with Philip Schellekens)",
    "“Current Account and Precautionary Savings for Exporters of Exhaustible Resources,” forthcoming in Journal of International Economics (with I. de Carvalho Filho)",
    "“Demand Spillovers and the Collapse of Trade in the Global Recession,” IMF Economic Review, 2010, Vol. 58, No. 2, pp. 295-326 (with R. Johnson and K.-M. Yi)",
    "“Aggregate Investment Expenditures on Tradable and Nontradable Goods,” Review of Economic Dynamics, 2008, Vol.11, No.4, pp. 852-883",
    "“Efficiency of Slovenian Banking Sector in EU Context,” Journal for Money and Banking, 2008, Vol. 57, No. 11, pp. 82-88 (with P. Sorsa)",
    "“US Imbalances: The Role of Technology and Policy,” Journal of International Money and Finance, 2007, Vol.26, No.4, pp. 523-545 (with L. Dedola and F. Smets)",
    "“Trade Deficits in the Baltic States: How Long Will the Party Last?” Review of Economic Dynamics, 2006, Vol.9, No.1, pp. 179-209 (with K. Hartelius)"
  ],
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