Christopher Erceg is deputy director in the Monetary and Capital Markets Department of the IMF, where his responsibilities include oversight of areas that include monetary and macroprudential policies, central bank operations, monetary policy modeling, and capital flow management. Prior to joining the Fund, he was senior associate director in the International Finance Division of the Federal Reserve Board. His research interests include monetary and fiscal policy, financial stability, and open economy macroeconomics, and he has been engaged in developing global macroeconomic models throughout his career. He received his Ph.D. in economics from the University of Chicago.