## Lucy Qian Liu ## Source details **Canonical URL:** [Lucy Qian Liu](https://www.imf.org/en/research/researcher-cv/author/liu-lucy) ## Other formats - [Markdown version](/en/research/researcher-cv/author/liu-lucy/index.md) - [Structured JSON version](/en/research/researcher-cv/author/liu-lucy/index.json) - [Bundle manifest](/en/research/researcher-cv/author/liu-lucy/bundle-manifest.json) ## Bibliographic details - Authors: Lucy Qian Liu --- ### Biography Lucy Qian Liu is an economist in the Macro Financial Division of the IMF Research Department. Previously she worked in the Strategy, Policy, and Review, Middle East and Central Asia, and Fiscal Affairs Departments at the IMF. Her research interests include monetary policy, Macro-financial linkage and international finance. ### Profile ### Education - Ph.D. Economics, Queen’s University, Canada, 2010 - M.A. Economics, University of Victoria, Canada, 2004 ### Referee Activities - Journal of Economic Theory, Journal of Money, Credit and Banking, International Economic Review, Macroeconomic Dynamics ### IMF Career - Economist, Research Department, Macro Financial Division, 2016 to present - Economist, Strategy, Policy, and Review Department, Strategy Unit, 2012 - 2016 - Economist, Middle East and Central Asia Department, Country Desk for Egypt, 2011 - 2012 - Economist, Fiscal Affairs Department, Fiscal Operation II Division, 2009 - 2011 ### Work in progress - “The Effects of the U.S. Unconventional Monetary Policy on Employment in Disaggregated Data,” with Seung Lee and Viktors Stebunovs - “Finance and Employment in Developing Countries: the External Liquidity Channel,” with Mai Dao ### Field of Expertise - Macro-Financial Issues - Monetary Policy ### IMF Publications ### IMF Books and Working Papers - [Housing Booms and Productivity Growth](https://www.imf.org/en/publications/wp/issues/2025/08/15/housing-booms-and-productivity-growth-569264), Working Paper No. 2025/161 , August 15, 2025 - [European Labor Markets and the COVID-19 Pandemic: Fallout and the Path Ahead](https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2022/03/02/european-labor-markets-and-the-covid-19-pandemic-fallout-and-the-path-ahead-512327), Departmental Paper No 2022/004 , March 3, 2022 - [Inequality in the Spanish Labor Market During the COVID-19 Crisis](https://www.imf.org/en/publications/wp/issues/2022/01/28/inequality-in-the-spanish-labor-market-during-the-covid-19-crisis-512225), Working Paper No. 2022/018 , January 28, 2022 - [Debt Maturity and the Use of Short-Term Debt: Evidence form Sovereigns and Firms](https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2019/02/04/debt-maturity-and-the-use-of-short-term-debt-evidence-form-sovereigns-and-firms-46240), Departmental Paper No. 2019/001 , February 5, 2019 - [Regional Labor Mobility in Spain](https://www.imf.org/en/publications/wp/issues/2018/12/13/regional-labor-mobility-in-spain-46423), Working Paper No. 2018/282 , December 13, 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 - [Money and Credit: Theory and Applications](https://www.imf.org/en/publications/wp/issues/2017/01/27/money-and-credit-theory-and-applications-44593), Working Paper No. 2017/014 , January 27, 2017 - [Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market](https://www.imf.org/en/publications/wp/issues/2017/01/27/risk-taking-and-interest-rates-evidence-from-decades-in-the-global-syndicated-loan-market-44595), Working Paper No. 2017/016 , January 27, 2017 ### Selected Issues - ["Romania: Export Performance and External Competitiveness," IMF Country Report No. 15/80, March 2015.](https://www.imf.org/-/media/files/cv/selected-issues/cr1580.pdf) ### Other Published Materials - [“International migration: recent trends, economic impacts, and policy implications” with B. Csonto, N. Suphaphiphat and N. Westelius, Staff background paper for G20 Surveillance Note, November 2015](https://www.imf.org/external/np/g20/pdf/2015/111515background.pdf) ### Non-IMF Publications ### Publications in Journals (Refereed) - [“Sticky Prices: A New Monetarist Approach,” with A. Head, G. Menzio and R. Wright, Journal of the European Economic Association, Vol. 10, Issue 5, October 2012](http://onlinelibrary.wiley.com/doi/10.1111/j.1542-4774.2012.01081.x/epdf) - [“On the ‘Hot Potato’ Effect of Inflation: Intensive versus Extensive Margins,” With L. Wang and R. Wright, Macroeconomic Dynamics, Vol. 15(S2), September 2011](http://dx.doi.org/10.1017/S1365100511000046) - [“Pricing and quality decisions and financial incentives for sustainable product design with recycled material content under price leadership,” with C. Chen, International Journal of Production Economics, Vol. 147(PC), 2014](http://www.sciencedirect.com/science/article/pii/S0925527313001801) ### Publications in Books and Conference Volumes - [“International Policy Coordination: Why, When, and How,” with S. Das and N. Raman, Chapter 2, in Managing Complexity: Economic Policy Cooperation After the Crisis, The Brookings Institution, 353–383, 2015](http://www.jstor.org/stable/10.7864/j.ctt1657t4d) - [“Canada: A Success Story,” with C. Sancak and T. Nakata, Chapter 1 in Chipping Away at Public Debt: Sources of Failure and Keys to Success in Fiscal Adjustment, Wiley: 1 – 29, 2011](http://www.wiley.com/WileyCDA/WileyTitle/productCd-1118043383.html) --- _Source: https://www.imf.org/en/research/researcher-cv/author/liu-lucy_