Julia Estefania-Flores is a research analyst in the IMF’s Asia and Pacific Department and previously served in the research department. Her work focuses on macroeconomic effects of trade restrictions, quantifying forecast accuracy, and distributional effects of monetary policy. Before the IMF, she was a research assistant at the Bank of Spain, where she was a member of the European Central Bank’s International Relations Committee Task Force on IMF issues. She holds a master’s degree in international relations, with a specialization in international economics, from Comillas Pontificial University and a double degree in political science and sociology from the Carlos III University of Madrid. Julia's research interests include international trade, development, economic growth and political economy.