IMF RESEARCHER

Helene Poirson Ward is a Senior Economist in the IMF's European Department. Her research interests include economic growth, monetary policy and exchange rate issues, and capital markets issues.

Email: HPOIRSON@imf.org

Fluent In: French, Spanish.

Education:

2009: Chartered Financial Analyst (CFA) charterholder, CFA Institute

1998: Ph.D. (Economics), DELTA

1994: M.A. (Economics), DELTA

1993: M.Sc. (Physics and Economics), Ecole Polytechnique

Previous Experience:

Researcher, Observatoire Francais des Conjonctures Economiques. 1998-1999.

Summer Intern, The International Monetary Fund, Washington D.C. 1997.

Fellow, Lloyd and Harry Bradley Foundation, Fondation Saint Simon. 1996-1997

Professional Activities:

Member, CFA Institute and CFA Society of Washington DC. 2008-present.

Member, Washington Association of Money Managers. 2007-present.

Co-organizer, IMF's Women Economist Network (WEN). 2007-08.

Awards and Honors:

Lloyd and Harry Bradley Foundation Fellowship. 1996

Teaching:

Assistant Professor, ENSAE. 1997-1998.

Assistant Professor, CNAM. 1994-97.

Teaching Assistant, Universite du Maine. 1997-1998.

IMF Career:

Senior Economist (Germany, France), European Department. 2010-present

Senior Economist, Finance Department, Investment Unit. 2009-2010

Senior Investment Officer, Office of the Managing Director, Investment Office, 2007-2009

Senior Economist (India), Asia and Pacific Department, 2006-2007

Economist (India, East Timor, Malaysia), Asia and Pacific Department, 2001-2006

Economist Program (Research Department, European Department), 1999-2001

IMF Books and Working Papers:

Unconventional Monetary Policies in Emerging Markets and Frontier Countries , Working Paper No. 2021/014 , January 22, 2021

Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies , Working Paper No. 2020/288 , December 18, 2020

Caught in the Crosswinds: The Experiences of Selected Economies Responding to External Volatility with Multiple Policy Levers , Working Paper No. 20/225 , November 08, 2020

Risk Exposures and Financial Spillovers in Tranquil and Crisis Times : Bank-Level Evidence , Working Paper No. 13/142 , June 05, 2013

Growth Spillover Dynamics From Crisis to Recovery , Working Paper No. 11/218 , September 01, 2011

Challenges to Monetary Policy from Financial Globalization: The Case of India , Working Paper No. 08/131 , May 01, 2008

Financial Market Implications of India's Pension Reform , Working Paper No. 07/85 , April 01, 2007

The Tax System in India: Could Reform Spur Growth? , Working Paper No. 06/93 , April 01, 2006

What Are the Channels Through Which External Debt Affects Growth? , Working Paper No. 04/15 , January 01, 2004

External Debt and Growth , Working Paper No. 02/69 , April 01, 2002

How Do Countries Choose Their Exchange Rate Regime? , Working Paper No. 01/46 , May 01, 2001

Factor Reallocation and Growth in Developing Countries , Working Paper No. 00/94 , June 01, 2000

The Impact of Intersectoral Labor Reallocation on Economic Growth , Working Paper No. 00/104 , June 01, 2000

Economic Security, Private Investment, and Growth in Developing Countries , Working Paper No. 98/4 , January 01, 1998

IMF Country Reports

"Toward a Growth-Oriented Tax System for France," Chapter II in IMF Country Report No. 11/212 (2011).

“Malaysia’s Resilience to Unanticipated Shocks: Initial Results” (with N. Tamirisa), IMF Selected Issues paper SM/02/301, Supplement 1 (2002).

“Bulgaria’s Growth Experience and Prospects” (with M. DeBroeck and T. Feyzioglu), IMF Selected Issues Paper SM/01/89 (2001).

IMF Occasional Papers, Pamphlets, and Special Issues Papers

Banking Equities: Risk Exposures and Fundamentals (with J. Schmittmann), IMF Working Paper (forthcoming).

Euro Area Housing Market Vulnerabilities and Cycles (with K. Cheng), IMF Working Paper (forthcoming).

German Productivity Growth: an Industry Perspective, IMF Working Paper (forthcoming).

Growth Spillover Dynamics from Crisis to Recovery (with S. Weber), IMF Working Paper No. 11/218 (2011).

“Country Study: India,” IMF Research Bulletin (June 2007).

“Asia Rising: Patterns of Economic Development and Growth,” Chapter 2 in World Economic Outlook, Washington DC (September 2006, International Monetary Fund).

Regional Outlook: Asia and Pacific Department, with a staff team led by J. Felman (September 2005, International Monetary Fund).

Impact of a Renminbi Appreciation on Output and Current Accounts, Asia Pacific Department (2005, International Monetary Fund).

“Assessing Crisis Vulnerabilities in Latin America,” (with H. Hamann, K. Kochhar, T. Lane, G. Meredith, J. Odenius, D. Ordoobadi, and D. Robinson), Chapter II in Managing Financial Crises – Recent Experience and Lessons for Latin America, by C. Collyns and G. R. Kincaid (eds.), IMF Occasional Paper 217 (2003).

Household Sector Surveillance: A Review of Existing Methods and Application to Malaysia, Asia Pacific Department (2003, International Monetary Fund).

A Guidance Note on Surveillance of the Corporate Sector, with C. Beaumont, K. Kang, and Y. Khatri, Asia Pacific Department (2003, International Monetary Fund).

Bulgaria: From Stabilization to Growth (with a staff team led by Jerry Schiff), European Department (2001, International Monetary Fund).

Other Published Materials

Asset Allocation under a Broadened Investment Mandate: Preliminary Considerations, with a staff team led by T. Krueger, IMF Board Paper, mimeo (September 2010, International Monetary Fund).

Managing the Fund's Endowment: Spend-Out Policies and Equity Investment Approaches Most Likely to Ensure Sustainability, with J. Schmittmann, Finance Department (May 2010, International Monetary Fund).

Effects of Bear Market Episodes on Asset Returns and Implications for Long-Term Investment Strategies, with A. Attie, mimeo (September 2009, International Monetary Fund).

Books

“Monetary Policy: Communication and Transparency”, Chapter 10 in India: Managing Financial Globalization and Growth” ed. by K. Kochhar and C. Kramer (2009, International Monetary Fund).

“Monetary Policy: Challenges from Financial Globalization”, with C. Kramer and A. Prasad, Chapter 9 in India: Managing Financial Globalization and Growth” ed. by K. Kochhar and C. Kramer (2009, International Monetary Fund).

“Pension Reform: Spurring Financial Markets”, Chapter 5 in India: Managing Financial Globalization and Growth” ed. by K. Kochhar and C. Kramer (2009, International Monetary Fund).

“Making Tax Policy Pro-Growth,” Chapter 9 in India Goes Global (eds. J. Schiff and C. Purfield), Washington DC (2006, International Monetary Fund).

“External Debt and Growth: Implications for HIPCs” (with C. Patillo and L. Ricci), in Debt Relief for Poor Countries (ed. by T. Addison, H. Hansen, and F. Tarp), pp. 123-133 (2004, Palgrave-MacMillan).

Publications in Journals (Refereed)

"External Debt and Growth" (with C. Pattillo and L. Ricci), Review of Economics and Institutions, North America, 2, oct. 2011.

“Financial Market Implications of India’s Pension Reforms,” International Finance Review, Chapter 20, Vol. 8, in Asia-Pacific Financial Markets: Integration, Innovation, and Challenges, pp. 425-443 (2007).

“Through What Channels Does External Debt Affect Growth” (with C. Pattillo and L. Ricci), Brookings Trade Forum 2003, pp. 229-258 (2004, Brookings Institution).

“Labor Markets in Hard-Peg Transition Countries” (with S. George, E. Lundback, L. Moers, and J. Schiff), Baltic Economic Trends ( September 2002).

“The Impact of Intersectoral Reallocation on Growth in Developing Countries,” Journal of African Economies, v10, n1, pp. 37-63 (March 2001).

“Le Role des Contraintes de Demande dans la Croissance (The Role of Demand Constraints in Growth. With English Summary),” Revue d’Economie du Développement, v0, n3, pp. 81-111 (September 1999).

Other Published Materials

Le Deficit de Croissance: Quel Role pour une Reforme Fiscale?, www.telos-eu.com (forthcoming).

Can Germany Be Europe's Engine of Growth? (with S. Weber), www.voxeu.org (15 August 2011).

Financial Market Implications of Pension Reforms: Opening-Up India's Pension Sector to Private Fund Managers," BSensex, Vol. 1 (3), pp. 9-11 (August-September 2007).

“Country Study: India,” IMF Research Bulletin (June 2007).

“High Debt Levels Hurt Productivity and Growth” (with C. Patillo and L. Ricci), IMF Survey (October 2004, International Monetary Fund).

Helene Poirson Ward is a Senior Economist in the IMF's European Department. Her research interests include economic growth, monetary policy and exchange rate issues, and capital markets issues.

Email: HPOIRSON@imf.org

Fluent In: French, Spanish.

Education:

2009: Chartered Financial Analyst (CFA) charterholder, CFA Institute

1998: Ph.D. (Economics), DELTA

1994: M.A. (Economics), DELTA

1993: M.Sc. (Physics and Economics), Ecole Polytechnique

Previous Experience:

Researcher, Observatoire Francais des Conjonctures Economiques. 1998-1999.

Summer Intern, The International Monetary Fund, Washington D.C. 1997.

Fellow, Lloyd and Harry Bradley Foundation, Fondation Saint Simon. 1996-1997

Professional Activities:

Member, CFA Institute and CFA Society of Washington DC. 2008-present.

Member, Washington Association of Money Managers. 2007-present.

Co-organizer, IMF's Women Economist Network (WEN). 2007-08.

Awards and Honors:

Lloyd and Harry Bradley Foundation Fellowship. 1996

Teaching:

Assistant Professor, ENSAE. 1997-1998.

Assistant Professor, CNAM. 1994-97.

Teaching Assistant, Universite du Maine. 1997-1998.

IMF Career:

Senior Economist (Germany, France), European Department. 2010-present

Senior Economist, Finance Department, Investment Unit. 2009-2010

Senior Investment Officer, Office of the Managing Director, Investment Office, 2007-2009

Senior Economist (India), Asia and Pacific Department, 2006-2007

Economist (India, East Timor, Malaysia), Asia and Pacific Department, 2001-2006

Economist Program (Research Department, European Department), 1999-2001

IMF Books and Working Papers:

Unconventional Monetary Policies in Emerging Markets and Frontier Countries , Working Paper No. 2021/014 , January 22, 2021

Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies , Working Paper No. 2020/288 , December 18, 2020

Caught in the Crosswinds: The Experiences of Selected Economies Responding to External Volatility with Multiple Policy Levers , Working Paper No. 20/225 , November 08, 2020

Risk Exposures and Financial Spillovers in Tranquil and Crisis Times : Bank-Level Evidence , Working Paper No. 13/142 , June 05, 2013

Growth Spillover Dynamics From Crisis to Recovery , Working Paper No. 11/218 , September 01, 2011

Challenges to Monetary Policy from Financial Globalization: The Case of India , Working Paper No. 08/131 , May 01, 2008

Financial Market Implications of India's Pension Reform , Working Paper No. 07/85 , April 01, 2007

The Tax System in India: Could Reform Spur Growth? , Working Paper No. 06/93 , April 01, 2006

What Are the Channels Through Which External Debt Affects Growth? , Working Paper No. 04/15 , January 01, 2004

External Debt and Growth , Working Paper No. 02/69 , April 01, 2002

How Do Countries Choose Their Exchange Rate Regime? , Working Paper No. 01/46 , May 01, 2001

Factor Reallocation and Growth in Developing Countries , Working Paper No. 00/94 , June 01, 2000

The Impact of Intersectoral Labor Reallocation on Economic Growth , Working Paper No. 00/104 , June 01, 2000

Economic Security, Private Investment, and Growth in Developing Countries , Working Paper No. 98/4 , January 01, 1998

IMF Country Reports

"Toward a Growth-Oriented Tax System for France," Chapter II in IMF Country Report No. 11/212 (2011).

“Malaysia’s Resilience to Unanticipated Shocks: Initial Results” (with N. Tamirisa), IMF Selected Issues paper SM/02/301, Supplement 1 (2002).

“Bulgaria’s Growth Experience and Prospects” (with M. DeBroeck and T. Feyzioglu), IMF Selected Issues Paper SM/01/89 (2001).

IMF Occasional Papers, Pamphlets, and Special Issues Papers

Banking Equities: Risk Exposures and Fundamentals (with J. Schmittmann), IMF Working Paper (forthcoming).

Euro Area Housing Market Vulnerabilities and Cycles (with K. Cheng), IMF Working Paper (forthcoming).

German Productivity Growth: an Industry Perspective, IMF Working Paper (forthcoming).

Growth Spillover Dynamics from Crisis to Recovery (with S. Weber), IMF Working Paper No. 11/218 (2011).

“Country Study: India,” IMF Research Bulletin (June 2007).

“Asia Rising: Patterns of Economic Development and Growth,” Chapter 2 in World Economic Outlook, Washington DC (September 2006, International Monetary Fund).

Regional Outlook: Asia and Pacific Department, with a staff team led by J. Felman (September 2005, International Monetary Fund).

Impact of a Renminbi Appreciation on Output and Current Accounts, Asia Pacific Department (2005, International Monetary Fund).

“Assessing Crisis Vulnerabilities in Latin America,” (with H. Hamann, K. Kochhar, T. Lane, G. Meredith, J. Odenius, D. Ordoobadi, and D. Robinson), Chapter II in Managing Financial Crises – Recent Experience and Lessons for Latin America, by C. Collyns and G. R. Kincaid (eds.), IMF Occasional Paper 217 (2003).

Household Sector Surveillance: A Review of Existing Methods and Application to Malaysia, Asia Pacific Department (2003, International Monetary Fund).

A Guidance Note on Surveillance of the Corporate Sector, with C. Beaumont, K. Kang, and Y. Khatri, Asia Pacific Department (2003, International Monetary Fund).

Bulgaria: From Stabilization to Growth (with a staff team led by Jerry Schiff), European Department (2001, International Monetary Fund).

Other Published Materials

Asset Allocation under a Broadened Investment Mandate: Preliminary Considerations, with a staff team led by T. Krueger, IMF Board Paper, mimeo (September 2010, International Monetary Fund).

Managing the Fund's Endowment: Spend-Out Policies and Equity Investment Approaches Most Likely to Ensure Sustainability, with J. Schmittmann, Finance Department (May 2010, International Monetary Fund).

Effects of Bear Market Episodes on Asset Returns and Implications for Long-Term Investment Strategies, with A. Attie, mimeo (September 2009, International Monetary Fund).

Books

“Monetary Policy: Communication and Transparency”, Chapter 10 in India: Managing Financial Globalization and Growth” ed. by K. Kochhar and C. Kramer (2009, International Monetary Fund).

“Monetary Policy: Challenges from Financial Globalization”, with C. Kramer and A. Prasad, Chapter 9 in India: Managing Financial Globalization and Growth” ed. by K. Kochhar and C. Kramer (2009, International Monetary Fund).

“Pension Reform: Spurring Financial Markets”, Chapter 5 in India: Managing Financial Globalization and Growth” ed. by K. Kochhar and C. Kramer (2009, International Monetary Fund).

“Making Tax Policy Pro-Growth,” Chapter 9 in India Goes Global (eds. J. Schiff and C. Purfield), Washington DC (2006, International Monetary Fund).

“External Debt and Growth: Implications for HIPCs” (with C. Patillo and L. Ricci), in Debt Relief for Poor Countries (ed. by T. Addison, H. Hansen, and F. Tarp), pp. 123-133 (2004, Palgrave-MacMillan).

Publications in Journals (Refereed)

"External Debt and Growth" (with C. Pattillo and L. Ricci), Review of Economics and Institutions, North America, 2, oct. 2011.

“Financial Market Implications of India’s Pension Reforms,” International Finance Review, Chapter 20, Vol. 8, in Asia-Pacific Financial Markets: Integration, Innovation, and Challenges, pp. 425-443 (2007).

“Through What Channels Does External Debt Affect Growth” (with C. Pattillo and L. Ricci), Brookings Trade Forum 2003, pp. 229-258 (2004, Brookings Institution).

“Labor Markets in Hard-Peg Transition Countries” (with S. George, E. Lundback, L. Moers, and J. Schiff), Baltic Economic Trends ( September 2002).

“The Impact of Intersectoral Reallocation on Growth in Developing Countries,” Journal of African Economies, v10, n1, pp. 37-63 (March 2001).

“Le Role des Contraintes de Demande dans la Croissance (The Role of Demand Constraints in Growth. With English Summary),” Revue d’Economie du Développement, v0, n3, pp. 81-111 (September 1999).

Other Published Materials

Le Deficit de Croissance: Quel Role pour une Reforme Fiscale?, www.telos-eu.com (forthcoming).

Can Germany Be Europe's Engine of Growth? (with S. Weber), www.voxeu.org (15 August 2011).

Financial Market Implications of Pension Reforms: Opening-Up India's Pension Sector to Private Fund Managers," BSensex, Vol. 1 (3), pp. 9-11 (August-September 2007).

“Country Study: India,” IMF Research Bulletin (June 2007).

“High Debt Levels Hurt Productivity and Growth” (with C. Patillo and L. Ricci), IMF Survey (October 2004, International Monetary Fund).