{
  "title": "Mai Chi Dao — CV",
  "sourceUrl": "https://www.imf.org/en/research/researcher-cv/author/dao-mai",
  "canonical": "https://www.imf.org/en/research/researcher-cv/author/dao-mai",
  "overlayPath": "/en/research/researcher-cv/author/dao-mai/index.md",
  "summary": "Mai Dao is an economist at the Research Department of the International Monetary Fund. Her research interests are Macroeconomics and Labor Economics.",
  "authors": [
    "Mai Chi Dao"
  ],
  "sections": [
    {
      "heading": "Biography",
      "content": "Mai Dao is an economist at the Research Department of the International Monetary Fund. Her research interests are Macroeconomics and Labor Economics."
    },
    {
      "heading": "Education",
      "content": "- 2009 Ph.D Economics, with Distinction, Columbia University, New York\n\n- 2007 M. Phil Economics, Columbia University, New York\n\n- 2004 M.A. Economics (with Thesis), Summa Cum Laude, Freie Universität Berlin, Germany"
    },
    {
      "heading": "Awards and Honors",
      "content": "- 2005 – 2007 Japan IMF Scholarship advanced studies in Economics, IMF Institute\n\n- 2004 – 2005 GSAS Graduate Fellowship, Columbia University\n\n- 2004 Dean’s Award for the Best Diploma in Economics, Freie Universität Berlin, Germany\n\n- 2001 – 2004 Merit Scholarship by the Friedrich Ebert Foundation, Germany"
    },
    {
      "heading": "IMF Occasional Papers, Pamphlets, and Special Issues Papers",
      "content": "- External Competitiveness, Ch IV in Cyprus: Selected Issues Paper, IMF Country Report No. 11/332, November 2011."
    },
    {
      "heading": "IMF Books and Working Papers",
      "content": "- Breaking Parity: Equilibrium Exchange Rates and Currency Premia, Working Paper No. 2025/153 , August 1, 2025\n\n- Repo Market Volatility and the U.S. Debt Ceiling, Working Paper No. 2025/127 , June 27, 2025\n\n- Covered Interest Parity in Emerging Markets: Measurement and Drivers, Working Paper No. 2025/057 , March 28, 2025\n\n- Post-pandemic Productivity Dynamics in the United States, Working Paper No. 2024/124 , June 21, 2024\n\n- Drivers of Post-COVID Private Consumption in the U.S., Working Paper No. 2024/128 , June 21, 2024\n\n- Unconventional Fiscal Policy in Times of High Inflation, Working Paper No. 2023/178 , September 1, 2023\n\n- The Effectiveness of Job-Retention Schemes: COVID-19 Evidence From the German States, Working Paper No. 2021/242 , October 1, 2021\n\n- COVID-19: How Will European Banks Fare?, Departmental Paper No. 2021/008 , March 26, 2021\n\n- Wealth Inequality and Private Savings: The Case of Germany, Working Paper No. 2020/107 , June 26, 2020\n\n- The External Balance Assessment Methodology: 2018 Update, Working Paper No. 2019/065 , March 19, 2019\n\n- Innovation and Corporate Cash Holdings in the Era of Globalization, Working Paper No. 2019/017 , January 18, 2019\n\n- The Rise in Corporate Saving and Cash Holding in Advanced Economies: Aggregate and Firm Level Trends, Working Paper No. 2018/262 , December 7, 2018\n\n- Demographics, Old-Age Transfers and the Current Account, Working Paper No. 2018/264 , December 7, 2018\n\n- Finance and Employment in Developing Countries: The Working Capital Channel, Working Paper No. 2017/189 , August 15, 2017\n\n- Corporate Investment and the Real Exchange Rate, Working Paper No. 2017/183 , August 4, 2017\n\n- Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence, Working Paper No. 2017/169 , July 24, 2017\n\n- Recent U.S. Labor Force Dynamics: Reversible or not?, Working Paper No. 2015/076 , April 2, 2015\n\n- Regional Labor Market Adjustments in the United States, Working Paper No. 2014/211 , November 25, 2014\n\n- Strategies for Reforming Korea’s Labor Market to Foster Growth, Working Paper No. 2014/137 , July 25, 2014\n\n- Regional Labor Market Adjustments in the United States and Europe, Working Paper No. 2014/026 , February 11, 2014\n\n- Monetary Policy in Low Income Countries in the Face of the Global Crisis: The Case of Zambia, Working Paper No. 2012/094 , April 1, 2012\n\n- The Real Exchange Rate and Employment in China, Working Paper No. 2011/148 , June 1, 2011\n\n- The Human Cost of Recessions: Assessing It, Reducing It, Staff Position Note No. 2010/017 , November 11, 2010\n\n- International Spillover of Labor Market Reforms, Working Paper No. 2008/113 , April 1, 2008"
    },
    {
      "heading": "Other Published Materials",
      "content": "- “The Tragedy of Unemployment”, with Prakash Loungani, Finance & Development, Vol. 47 (4), pp. 22-25, December 2010.\n\n- “The Challenges of Growth, Employment and Social Cohesion”, with Prakash Loungani and ILO co-authors, Official Discussion Document for the Joint ILO-IMF conference in cooperation with the office of the Prime Minister of Norway, Oslo, September 2010."
    },
    {
      "heading": "Publications in Journals (Referred)",
      "content": "- “Foreign Labor Costs and Domestic Employment: What are the Spillovers?”, Journal of International Economics, Vol. 89 (1), pp. 154-171, January 2013.\n\n- “International Spillovers of Labour Market Policies”, Oxford Economic Papers, doi: 10.1093/oep/gps031, forthcoming.\n\n- “Common stochastic volatility trends in international stock returns” with Jürgen Wolters, in International Review of Financial Analysis 17 (2008), pp. 431-445."
    }
  ],
  "bullets": [
    "2009 Ph.D Economics, with Distinction, Columbia University, New York",
    "2007 M. Phil Economics, Columbia University, New York",
    "2004 M.A. Economics (with Thesis), Summa Cum Laude, Freie Universität Berlin, Germany",
    "2005 – 2007 Japan IMF Scholarship advanced studies in Economics, IMF Institute",
    "2004 – 2005 GSAS Graduate Fellowship, Columbia University",
    "2004 Dean’s Award for the Best Diploma in Economics, Freie Universität Berlin, Germany",
    "2001 – 2004 Merit Scholarship by the Friedrich Ebert Foundation, Germany",
    "[External Competitiveness, Ch IV in Cyprus: Selected Issues Paper, IMF Country Report No. 11/332, November 2011.](http://www.imf.org/external/pubs/ft/scr/2011/cr11332.pdf)",
    "[Breaking Parity: Equilibrium Exchange Rates and Currency Premia](https://www.imf.org/en/publications/wp/issues/2025/08/01/breaking-parity-equilibrium-exchange-rates-and-currency-premia-568656), Working Paper No. 2025/153 , August 1, 2025",
    "[Repo Market Volatility and the U.S. Debt Ceiling](https://www.imf.org/en/publications/wp/issues/2025/06/27/repo-market-volatility-and-the-u-s-568023), Working Paper No. 2025/127 , June 27, 2025",
    "[Covered Interest Parity in Emerging Markets: Measurement and Drivers](https://www.imf.org/en/publications/wp/issues/2025/03/24/covered-interest-parity-in-emerging-markets-measurement-and-drivers-565306), Working Paper No. 2025/057 , March 28, 2025",
    "[Post-pandemic Productivity Dynamics in the United States](https://www.imf.org/en/publications/wp/issues/2024/06/21/post-pandemic-productivity-dynamics-in-the-united-states-550866), Working Paper No. 2024/124 , June 21, 2024",
    "[Drivers of Post-COVID Private Consumption in the U.S.](https://www.imf.org/en/publications/wp/issues/2024/06/21/drivers-of-post-covid-private-consumption-in-the-u-s-550895), Working Paper No. 2024/128 , June 21, 2024",
    "[Unconventional Fiscal Policy in Times of High Inflation](https://www.imf.org/en/publications/wp/issues/2023/08/31/unconventional-fiscal-policy-in-times-of-high-inflation-537454), Working Paper No. 2023/178 , September 1, 2023",
    "[The Effectiveness of Job-Retention Schemes: COVID-19 Evidence From the German States](https://www.imf.org/en/publications/wp/issues/2021/10/01/the-effectiveness-of-job-retention-schemes-covid-19-evidence-from-the-german-states-474182), Working Paper No. 2021/242 , October 1, 2021",
    "[COVID-19: How Will European Banks Fare?](https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2021/03/24/covid-19-how-will-european-banks-fare-50214), Departmental Paper No. 2021/008 , March 26, 2021",
    "[Wealth Inequality and Private Savings: The Case of Germany](https://www.imf.org/en/publications/wp/issues/2020/06/26/wealth-inequality-and-private-savings-the-case-of-germany-49471), Working Paper No. 2020/107 , June 26, 2020",
    "[The External Balance Assessment Methodology: 2018 Update](https://www.imf.org/en/publications/wp/issues/2019/03/19/the-external-balance-assessment-methodology-2018-update-46643), Working Paper No. 2019/065 , March 19, 2019",
    "[Innovation and Corporate Cash Holdings in the Era of Globalization](https://www.imf.org/en/publications/wp/issues/2019/01/18/innovation-and-corporate-cash-holdings-in-the-era-of-globalization-46494), Working Paper No. 2019/017 , January 18, 2019",
    "[The Rise in Corporate Saving and Cash Holding in Advanced Economies: Aggregate and Firm Level Trends](https://www.imf.org/en/publications/wp/issues/2018/12/07/the-rise-in-corporate-saving-and-cash-holding-in-advanced-economies-aggregate-and-firm-level-46369), Working Paper No. 2018/262 , December 7, 2018",
    "[Demographics, Old-Age Transfers and the Current Account](https://www.imf.org/en/publications/wp/issues/2018/12/07/demographics-old-age-transfers-and-the-current-account-46386), Working Paper No. 2018/264 , December 7, 2018",
    "[Finance and Employment in Developing Countries: The Working Capital Channel](https://www.imf.org/en/publications/wp/issues/2017/08/15/finance-and-employment-in-developing-countries-the-working-capital-channel-45068), Working Paper No. 2017/189 , August 15, 2017",
    "[Corporate Investment and the Real Exchange Rate](https://www.imf.org/en/publications/wp/issues/2017/08/04/corporate-investment-and-the-real-exchange-rate-45156), Working Paper No. 2017/183 , August 4, 2017",
    "[Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence](https://www.imf.org/en/publications/wp/issues/2017/07/24/why-is-labor-receiving-a-smaller-share-of-global-income-theory-and-empirical-evidence-45102), Working Paper No. 2017/169 , July 24, 2017",
    "[Recent U.S. Labor Force Dynamics: Reversible or not?](https://www.imf.org/en/publications/wp/issues/2016/12/31/recent-u-s-42832), Working Paper No. 2015/076 , April 2, 2015",
    "[Regional Labor Market Adjustments in the United States](https://www.imf.org/en/publications/wp/issues/2016/12/31/regional-labor-market-adjustments-in-the-united-states-42464), Working Paper No. 2014/211 , November 25, 2014",
    "[Strategies for Reforming Korea’s Labor Market to Foster Growth](https://www.imf.org/en/publications/wp/issues/2016/12/31/strategies-for-reforming-koreas-labor-market-to-foster-growth-41793), Working Paper No. 2014/137 , July 25, 2014",
    "[Regional Labor Market Adjustments in the United States and Europe](https://www.imf.org/en/publications/wp/issues/2016/12/31/regional-labor-market-adjustments-in-the-united-states-and-europe-41336), Working Paper No. 2014/026 , February 11, 2014",
    "[Monetary Policy in Low Income Countries in the Face of the Global Crisis: The Case of Zambia](https://www.imf.org/en/publications/wp/issues/2016/12/31/monetary-policy-in-low-income-countries-in-the-face-of-the-global-crisis-the-case-of-zambia-25833), Working Paper No. 2012/094 , April 1, 2012",
    "[The Real Exchange Rate and Employment in China](https://www.imf.org/en/publications/wp/issues/2016/12/31/the-real-exchange-rate-and-employment-in-china-24992), Working Paper No. 2011/148 , June 1, 2011",
    "[The Human Cost of Recessions: Assessing It, Reducing It](https://www.imf.org/en/publications/imf-staff-position-notes/issues/2016/12/31/the-human-cost-of-recessions-assessing-it-reducing-it-24221), Staff Position Note No. 2010/017 , November 11, 2010",
    "[International Spillover of Labor Market Reforms](https://www.imf.org/en/publications/wp/issues/2016/12/31/international-spillover-of-labor-market-reforms-21907), Working Paper No. 2008/113 , April 1, 2008",
    "[“The Tragedy of Unemployment”, with Prakash Loungani, Finance & Development, Vol. 47 (4), pp. 22-25, December 2010.](http://www.imf.org/external/pubs/ft/fandd/2010/12/pdf/dao.pdf)",
    "[“The Challenges of Growth, Employment and Social Cohesion”, with Prakash Loungani and ILO co-authors, Official Discussion Document for the Joint ILO-IMF conference in cooperation with the office of the Prime Minister of Norway, Oslo, September 2010.](http://www.osloconference2010.org/)",
    "[“Foreign Labor Costs and Domestic Employment: What are the Spillovers?”, Journal of International Economics, Vol. 89 (1), pp. 154-171, January 2013.](http://dx.doi.org/10.1016/j.jinteco.2012.06.005)",
    "[“International Spillovers of Labour Market Policies”, Oxford Economic Papers, doi: 10.1093/oep/gps031, forthcoming.](http://oep.oxfordjournals.org/cgi/reprint/gps031?ijkey=TmVklL9ugY6nDMb&keytype=ref)",
    "[“Common stochastic volatility trends in international stock returns” with Jürgen Wolters, in International Review of Financial Analysis 17 (2008), pp. 431-445.](http://ideas.repec.org/a/eee/finana/v17y2008i3p431-445.html)",
    "**Mai Chi Dao**",
    "[Dao (PDF)](/external/pubs/ft/fandd/2010/12/pdf/dao.pdf){rel=\"external\" type=\"application/pdf\"}",
    "[Cr11332 (PDF)](/external/pubs/ft/scr/2011/cr11332.pdf){rel=\"external\" type=\"application/pdf\"}"
  ],
  "related": [
    {
      "title": "Mai Chi Dao",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/cv/pdfs/mai-dao.pdf",
      "summary": {
        "path": "/-/media/files/cv/pdfs/mai-dao.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/cv/pdfs/mai-dao.pdf",
        "mime": "application/pdf"
      }
    },
    {
      "title": "Dao",
      "role": "document",
      "sourceUrl": "https://www.imf.org/external/pubs/ft/fandd/2010/12/pdf/dao.pdf",
      "binary": {
        "path": "/external/pubs/ft/fandd/2010/12/pdf/dao.pdf",
        "mime": "application/pdf"
      }
    },
    {
      "title": "Cr11332",
      "role": "report",
      "sourceUrl": "https://www.imf.org/external/pubs/ft/scr/2011/cr11332.pdf",
      "binary": {
        "path": "/external/pubs/ft/scr/2011/cr11332.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/research/researcher-cv/author/dao-mai/index.md",
    "json": "/en/research/researcher-cv/author/dao-mai/index.json",
    "bundleManifest": "/en/research/researcher-cv/author/dao-mai/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-10-01T01:21:18.882Z"
}