Sonali Das

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Sonali Das

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Bibliographic details

• Authors: Sonali Das

Biography

Sonali Das is a deputy division chief in the IMF’s Strategy, Policy, and Review Department, where she contributes to surveillance priorities, including operationalization of the IMF’s Integrated Policy Framework. Prior to her current assignment, she was a senior economist in the Research Department, contributing to the World Economic Outlook, and in the Asia and Pacific Department, where she was the senior desk for China and a desk economist on the India, Nepal, and Fiji teams. She previously worked as SPR economist on an IMF program with Pakistan. She holds a PhD in economics from Cornell University.

Profile

Education

• Ph.D., Economics, Cornell University, 2012

• M.A., Economics, McGill University, 2005

• B.Sc., Hon., Economics and Statistics, University of Toronto, 2004

Previous Experience

• Research Associate, The Brookings Institution, Global Economy and Development Program, Washington DC, summer and fall 2010

• Intern, Economic Research Department, Federal Reserve Bank of San Francisco, San Francisco CA, summer 2010

Country work or Mission Assignment

• Senior Economist/Economist, China Team, Asia and Pacific Department

• Economist, India and Nepal Teams, Asia and Pacific Department

• SPR Economist on Pakistan Team, Strategy Unit, Strategy, Policy, and Review Department

• Intern, Monetary and Capital Markets Department

Field of Expertise

• Monetary Policy

• Macro-Financial Issues

• International Finance

IMF Publications

IMF Books and Working Papers

• Resilience Amid Structural Transformations: Are Macro Policy Frameworks Fit for Purpose?, Departmental Paper No 2026/015 , August 27, 2026

• A New Dataset of High-Frequency Monetary Policy Shocks, Working Paper No. 2024/224 , October 11, 2024

• Monetary Policy Transmission and Policy Coordination in China, Working Paper No. 2022/074 , April 29, 2022

• After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage, Working Paper No. 2021/203 , July 30, 2021

• Sectoral Shocks and Spillovers: An Application to COVID-19, Working Paper No. 2021/204 , July 30, 2021

• China’s Evolving Exchange Rate Regime, Working Paper No. 2019/050 , March 7, 2019

• The Effect of Leverage on Asset Sales Between Financial Institutions, Working Paper No. 2017/200 , September 8, 2017

• Financial Frictions, Underinvestment, and Investment Composition: Evidence from Indian Corporates, Working Paper No. 2017/134 , June 8, 2017

• Monetary Policy in India: Transmission to Bank Interest Rates, Working Paper No. 2015/129 , June 23, 2015

• Women Workers in India: Why So Few Among So Many?, Working Paper No. 2015/055 , March 16, 2015

• How Risky Are Banks' Risk Weighted Assets? Evidence From the Financial Crisis, Working Paper No. 2012/036 , January 1, 2012

Other Published Materials

• Applying the Integrated Policy Framework to Low-Income Countries: Shocks, Frictions, and Policy Considerations

• IMF Policy Paper, Integrated Policy Framework—Principles for the Use of Foreign Exchange Intervention, Dec 2023

• October 2021 WEO, Chapter 2, Inflation Scares, with F. Caselli, C. Koch, P. Mishra, and P. Wingender.

• April 2021 WEO, Chapter 2, After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage, with W. Lian, G. Magistretti, E. Pugacheva, and P. Wingender.

Non-IMF Publications

Publications in Journals (Refereed)

• "Monetary policy transmission and policy coordination in China” with W. Song, China Economic Review, vol 82, Dec 2023

• "Long COVID? Prospects for economic scarring from the pandemic" with P. Barrett, G. Magistretti, E. Pugacheva, P. Wingender, Contemporary Economic Policy, Nov 2022

• "Sectoral Spillovers Across Space and Time” with G. Magistretti, E. Pugacheva, P. Wingender, Journal of Macroeconomics, vol 72, Jun 2022

Publications in Books and Conference Volumes

• "Monetary Policy Transmission in the Presence of Goods and Labor Market Frictions: The Case of India," with Rahul Anand and Purva Khera, in Monetary Policy in India: A Modern Macroeconomic Perspective, edited by Chetan Ghate and Ken Kletzer (Springer Verlag, 2016)

• “International Policy Coordination: Why, When, and How?,” with Narayanan Raman and Lucy Qian Liu, in Managing Complexity: Economic Policy Cooperation after the Crisis, edited by Tamim Bayoumi, Stephen Pickford, and Paola Subacchi (Brookings Institution Press, 2016)

Content in this bundle

• Chapter 2
  • Chapter 2 (Markdown version)
  • Chapter 2 (PDF)