Davide Furceri
Last Updated: May 29, 2019
Davide Furceri is Deputy Division Chief of the Development Macroeconomic Division in the IMF Research Department. Prior to joining the Fund, he was an economist at the Fiscal Policy Division of the European Central Bank, and at the Macroeconomic Analysis Division of the OECD Economics Department. He has published extensively in leading academic and policy-oriented journals on a wide range of topics in the area of macroeconomics, public finance, international macroeconomics and structural reforms.
Email: DFURCERI@imf.org
Personal WebPage: https://ideas.repec.org/e/pfu47.html
Fluent In: Italian.
Education:
Ph.D. in Economics, University of Illinois, 2007
Doctoral Degree in Economic Analysis and Territorial Development, University of Palermo, 2005.
IMF Books and Working Papers:
Labor and Product Market Reforms and External Imbalances: Evidence from Advanced Economies , Working Paper No. 2021/054 , February 26, 2021
Initial Output Losses from the Covid-19 Pandemic: Robust Determinants , Working Paper No. 2021/018 , January 29, 2021
The Economic Effects of COVID-19 Containment Measures , Working Paper No. 20/158 , August 07, 2020
The Effect of Containment Measures on the COVID-19 Pandemic , Working Paper No. 20/159 , August 07, 2020
International Bank Lending Channel of Monetary Policy , Working Paper No. 19/234 , November 01, 2019
The Political Costs of Reforms : Fear or Reality? , October 18, 2019
International Fiscal-financial Spillovers: The Effect of Fiscal Shocks on Cross-border Bank Lending , Working Paper No. 19/150 , July 12, 2019
Strengthening the Euro Area : The Role of National Structural Reforms in Building Resilience , Staff Discussion Notes No. 19/05 , June 13, 2019
Macroeconomic Consequences of Tariffs , Working Paper No. 19/9 , January 15, 2019
Employment Protection Deregulation and Labor Shares in Advanced Economies , Working Paper No. 18/186 , August 16, 2018
Twin Deficits in Developing Economies , Working Paper No. 18/170 , July 27, 2018
The Needle in the Haystack: What Drives Labor and Product Market Reforms in Advanced Countries? , Working Paper No. 101 , May 09, 2018
The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data , Working Paper No. 18/83 , April 06, 2018
The Distributional Effects of Government Spending Shocks in Developing Economies , Working Paper No. 18/57 , March 14, 2018
Inflation Anchoring and Growth: Evidence from Sectoral Data , Working Paper No. 18/36 , March 02, 2018
A Narrative Database of Major Labor and Product Market Reforms in Advanced Economies , Working Paper No. 18/19 , January 24, 2018
Uncertainty and Cross-Border Banking Flows , Working Paper No. 18/4 , January 05, 2018
Job Protection Deregulation in Good and Bad Times , Working Paper No. 17/277 , December 14, 2017
The Macroeconomic (and Distributional) Effects of Public Investment in Developing Economies , Working Paper No. 17/217 , October 20, 2017
Oil Prices and Inflation Dynamics: Evidence from Advanced and Developing Economies , Working Paper No. 17/196 , September 05, 2017
Fiscal Stabilization and Growth : Evidence from Industry-level Data for Advanced and Developing Economies , Working Paper No. 17/198 , September 05, 2017
Macro-Structural Policies and Income Inequality in Low-Income Developing Countries , Staff Discussion Notes No. 17/01 , January 26, 2017
Capital Account Liberalization and Inequality , Working Paper No. 15/243 , November 24, 2015
Global Food Prices and Domestic Inflation : Some Cross-Country Evidence , Working Paper No. 15/133 , June 24, 2015
The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies , Working Paper No. 15/95 , May 04, 2015
Regional Labor Market Adjustments in the United States , Working Paper No. 14/211 , November 25, 2014
Strategies for Reforming Korea’s Labor Market to Foster Growth , Working Paper No. 14/137 , July 25, 2014
Regional Labor Market Adjustments in the United States and Europe , Working Paper No. 14/26 , February 11, 2014
The Euro Area Crisis : Need for a Supranational Fiscal Risk Sharing Mechanism? , Working Paper No. 13/198 , September 25, 2013
The Distributional Effects of Fiscal Consolidation , Working Paper No. 13/151 , June 21, 2013
The Dynamic Effect of Social and Political Instability on Output : The Role of Reforms , Working Paper No. 13/91 , April 23, 2013
Can Policies Affect Employment Intensity of Growth? A Cross-Country Analysis , Working Paper No. 12/218 , August 01, 2012
Unemployment and Labor Market Issues in Algeria , Working Paper No. 12/99 , April 01, 2012
Labor Market Flexibility and Unemployment : New Empirical Evidence of Static and Dynamic Effects , Working Paper No. 12/64 , March 01, 2012
Crises, Labor Market Policy, and Unemployment , Working Paper No. 12/65 , March 01, 2012
How Costly Are Debt Crises? , Working Paper No. 11/280 , December 01, 2011
Effects of Fiscal Stimulus in Structural Models , Working Paper No. 10/73 , March 01, 2010
IMF Occasional Papers, Pamphlets, and Special Issues Papers
October 2016 World Economic Outlook "Global Disinflation in an Era of Constrained Monetary Policy”
April 2016 World Economic Outlook "Time for a supply boost? The macroeconomic effects of product and labor market reforms in advanced economies”".
April 2015 World Economic Outlook "Where are we headed? Perspectives on potential output”.
October 2014 World Economic Outlook "Is It Time for an Infrastructure Push: The Macroeconomic Effects of Public Investment"
April 2014 World Economic Outlook "Perspectives on Global Real Interest Rates"
October 2013 "Dancing Together? Spillovers, Common Shocks and the Role of Trade and Financial Linkages"
Publications in Journals (Refereed)
“Uncertainty and Cross-Border Banking Flows”, with S. Choi, Journal of International Money and Finance, forthcoming.
“Robust Drivers of Income Inequality”, with J. Ostry, Oxford Review of Economic Policy, forthcoming.
“Job Protection Deregulation in Good and Bad Times”, with R. Duval and J. Jalles, Oxford Economic Papers, forthcoming.
“The World Uncertainty Index”, with A. Hites and N. Bloom, Sandford mimeo, Available at SSRN: https://ssrn.com/abstract=3275033
“The Distributional Effects of Capital Account Liberalization”, with P. Loungani, Journal of Development Economics, 2018, 127-44.
“Uncertainty and Cross-Border Banking Flows”, with S. Choi, Journal of International Money and Finance, forthcoming.
“Aggregate Uncertainty and Sectoral Productivity Growth; The Role of Credit Constraints”, with S. Choi, Y. Huang and P. Loungani Journal of International Money and Finance, 2018, 88, 314-330.
“The Effects of Monetary Policy Shocks on Inequality”, with P. Loungani and A. Zdzienicka, Journal of International Money and Finance, 2018, 85-168-186.
“Oil Prices and Inflation Dynamics: Evidence from Advanced and Developing Economies," with S. Choi, P. Loungani and M. Popwlaski-Ribeiro Journal of International Money and Finance, 2018, 82, 71-96.
“The Effects of Labor and Product Market Reforms: The Role of Macroeconomic Conditions and Policies,” with R. Duval, IMF Economic Review, February 2018.
“Regional Labor Market Adjustments in the United States: The Role of Recessions”, with M. Dao and P. Loungani, Review of Economics and Statistics, 2017, 99, 243-257.
“Effects of Fiscal Stimulus in Structural Models,” with G. Coenen, C. Erceg, and others American Economic Journal: Macroeconomics, 2012, 4(1), 22-68.
Davide Furceri is Deputy Division Chief of the Development Macroeconomic Division in the IMF Research Department. Prior to joining the Fund, he was an economist at the Fiscal Policy Division of the European Central Bank, and at the Macroeconomic Analysis Division of the OECD Economics Department. He has published extensively in leading academic and policy-oriented journals on a wide range of topics in the area of macroeconomics, public finance, international macroeconomics and structural reforms.
Email: DFURCERI@imf.org
Personal WebPage: https://ideas.repec.org/e/pfu47.html
Fluent In: Italian.
Education:
Ph.D. in Economics, University of Illinois, 2007
Doctoral Degree in Economic Analysis and Territorial Development, University of Palermo, 2005.
IMF Books and Working Papers:
Labor and Product Market Reforms and External Imbalances: Evidence from Advanced Economies , Working Paper No. 2021/054 , February 26, 2021
Initial Output Losses from the Covid-19 Pandemic: Robust Determinants , Working Paper No. 2021/018 , January 29, 2021
The Economic Effects of COVID-19 Containment Measures , Working Paper No. 20/158 , August 07, 2020
The Effect of Containment Measures on the COVID-19 Pandemic , Working Paper No. 20/159 , August 07, 2020
International Bank Lending Channel of Monetary Policy , Working Paper No. 19/234 , November 01, 2019
The Political Costs of Reforms : Fear or Reality? , October 18, 2019
International Fiscal-financial Spillovers: The Effect of Fiscal Shocks on Cross-border Bank Lending , Working Paper No. 19/150 , July 12, 2019
Strengthening the Euro Area : The Role of National Structural Reforms in Building Resilience , Staff Discussion Notes No. 19/05 , June 13, 2019
Macroeconomic Consequences of Tariffs , Working Paper No. 19/9 , January 15, 2019
Employment Protection Deregulation and Labor Shares in Advanced Economies , Working Paper No. 18/186 , August 16, 2018
Twin Deficits in Developing Economies , Working Paper No. 18/170 , July 27, 2018
The Needle in the Haystack: What Drives Labor and Product Market Reforms in Advanced Countries? , Working Paper No. 101 , May 09, 2018
The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data , Working Paper No. 18/83 , April 06, 2018
The Distributional Effects of Government Spending Shocks in Developing Economies , Working Paper No. 18/57 , March 14, 2018
Inflation Anchoring and Growth: Evidence from Sectoral Data , Working Paper No. 18/36 , March 02, 2018
A Narrative Database of Major Labor and Product Market Reforms in Advanced Economies , Working Paper No. 18/19 , January 24, 2018
Uncertainty and Cross-Border Banking Flows , Working Paper No. 18/4 , January 05, 2018
Job Protection Deregulation in Good and Bad Times , Working Paper No. 17/277 , December 14, 2017
The Macroeconomic (and Distributional) Effects of Public Investment in Developing Economies , Working Paper No. 17/217 , October 20, 2017
Oil Prices and Inflation Dynamics: Evidence from Advanced and Developing Economies , Working Paper No. 17/196 , September 05, 2017
Fiscal Stabilization and Growth : Evidence from Industry-level Data for Advanced and Developing Economies , Working Paper No. 17/198 , September 05, 2017
Macro-Structural Policies and Income Inequality in Low-Income Developing Countries , Staff Discussion Notes No. 17/01 , January 26, 2017
Capital Account Liberalization and Inequality , Working Paper No. 15/243 , November 24, 2015
Global Food Prices and Domestic Inflation : Some Cross-Country Evidence , Working Paper No. 15/133 , June 24, 2015
The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies , Working Paper No. 15/95 , May 04, 2015
Regional Labor Market Adjustments in the United States , Working Paper No. 14/211 , November 25, 2014
Strategies for Reforming Korea’s Labor Market to Foster Growth , Working Paper No. 14/137 , July 25, 2014
Regional Labor Market Adjustments in the United States and Europe , Working Paper No. 14/26 , February 11, 2014
The Euro Area Crisis : Need for a Supranational Fiscal Risk Sharing Mechanism? , Working Paper No. 13/198 , September 25, 2013
The Distributional Effects of Fiscal Consolidation , Working Paper No. 13/151 , June 21, 2013
The Dynamic Effect of Social and Political Instability on Output : The Role of Reforms , Working Paper No. 13/91 , April 23, 2013
Can Policies Affect Employment Intensity of Growth? A Cross-Country Analysis , Working Paper No. 12/218 , August 01, 2012
Unemployment and Labor Market Issues in Algeria , Working Paper No. 12/99 , April 01, 2012
Labor Market Flexibility and Unemployment : New Empirical Evidence of Static and Dynamic Effects , Working Paper No. 12/64 , March 01, 2012
Crises, Labor Market Policy, and Unemployment , Working Paper No. 12/65 , March 01, 2012
How Costly Are Debt Crises? , Working Paper No. 11/280 , December 01, 2011
Effects of Fiscal Stimulus in Structural Models , Working Paper No. 10/73 , March 01, 2010
IMF Occasional Papers, Pamphlets, and Special Issues Papers
October 2016 World Economic Outlook "Global Disinflation in an Era of Constrained Monetary Policy”
April 2016 World Economic Outlook "Time for a supply boost? The macroeconomic effects of product and labor market reforms in advanced economies”".
April 2015 World Economic Outlook "Where are we headed? Perspectives on potential output”.
October 2014 World Economic Outlook "Is It Time for an Infrastructure Push: The Macroeconomic Effects of Public Investment"
April 2014 World Economic Outlook "Perspectives on Global Real Interest Rates"
October 2013 "Dancing Together? Spillovers, Common Shocks and the Role of Trade and Financial Linkages"
Publications in Journals (Refereed)
“Uncertainty and Cross-Border Banking Flows”, with S. Choi, Journal of International Money and Finance, forthcoming.
“Robust Drivers of Income Inequality”, with J. Ostry, Oxford Review of Economic Policy, forthcoming.
“Job Protection Deregulation in Good and Bad Times”, with R. Duval and J. Jalles, Oxford Economic Papers, forthcoming.
“The World Uncertainty Index”, with A. Hites and N. Bloom, Sandford mimeo, Available at SSRN: https://ssrn.com/abstract=3275033
“The Distributional Effects of Capital Account Liberalization”, with P. Loungani, Journal of Development Economics, 2018, 127-44.
“Uncertainty and Cross-Border Banking Flows”, with S. Choi, Journal of International Money and Finance, forthcoming.
“Aggregate Uncertainty and Sectoral Productivity Growth; The Role of Credit Constraints”, with S. Choi, Y. Huang and P. Loungani Journal of International Money and Finance, 2018, 88, 314-330.
“The Effects of Monetary Policy Shocks on Inequality”, with P. Loungani and A. Zdzienicka, Journal of International Money and Finance, 2018, 85-168-186.
“Oil Prices and Inflation Dynamics: Evidence from Advanced and Developing Economies," with S. Choi, P. Loungani and M. Popwlaski-Ribeiro Journal of International Money and Finance, 2018, 82, 71-96.
“The Effects of Labor and Product Market Reforms: The Role of Macroeconomic Conditions and Policies,” with R. Duval, IMF Economic Review, February 2018.
“Regional Labor Market Adjustments in the United States: The Role of Recessions”, with M. Dao and P. Loungani, Review of Economics and Statistics, 2017, 99, 243-257.
“Effects of Fiscal Stimulus in Structural Models,” with G. Coenen, C. Erceg, and others American Economic Journal: Macroeconomics, 2012, 4(1), 22-68.