Francesco Grigoli

International Monetary Fund (IMF)

700 19th Street, N.W.

Washington, DC 20431

United States

  • International Monetary Fund (IMF)

SCHOLARLY PAPERS

38

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2,550

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59

CROSSREF CITATIONS

9

Scholarly Papers (38)

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1.

Multiyear Budgets and Fiscal Performance: Panel Data Evidence

Downloads 350 (148,084)
Citation 6

Multiyear Budgets and Fiscal Performance: Panel Data Evidence

Number of pages: 43 Posted: 30 Jun 2012 Last Revised: 24 Dec 2013
Razvan Vlaicu, Marijn Verhoeven, Francesco Grigoli and Zachary Mills
Inter-American Development Bank, World Bank, International Monetary Fund (IMF) and World Bank - Europe and Central Asia Region
Downloads 190 (270,945)
Citation 4

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budget institutions, medium-term framework, fiscal discipline, health sector, technical efficiency, dynamic panel data analysis

Mtefs and Fiscal Performance: Panel Data Evidence

World Bank Policy Research Working Paper No. 6186
Number of pages: 44 Posted: 20 Apr 2016
Francesco Grigoli, Zachary Mills, Marijn Verhoeven and Razvan Vlaicu
International Monetary Fund (IMF), World Bank - Europe and Central Asia Region, World Bank and Inter-American Development Bank
Downloads 160 (314,909)

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Public Sector Expenditure Policy, Debt Markets, Health Monitoring & Evaluation, Banks & Banking Reform, E-Business

2.

World Saving

IMF Working Paper No. 14/204
Number of pages: 56 Posted: 11 Dec 2014
Francesco Grigoli, Alexander Herman and Klaus Schmidt-Hebbel
International Monetary Fund (IMF), International Monetary Fund (IMF) and Pontificia Universidad Católica de Chile
Downloads 193 (267,528)
Citation 3

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Private savings, Consumption, Domestic savings, Cross country analysis, Econometric models, Regression analysis, corporate saving, Global Financial Crisis, household saving, national saving, income, future, trade, financial assets, pension, urbanization, interest, share, pension system, exchange rate, interest rates, rate of return, real assets, fiscal policy, tax, sovereign debt, borrowers, capital flow, consumer durables, demographic, broad money, future growth, pension assets, developing countries, consumer price index, advanced economies, collateral, political risk, taxes, financial risk, foreign assets, prices, bank credit, deposit rates, human capital, financial markets, pensions, publ

3.

Mobility Under the COVID-19 Pandemic: Asymmetric Effects Across Gender and Age

IMF Working Paper No. 2020/282
Number of pages: 34 Posted: 26 Jan 2021
Francesca Caselli, Francesco Grigoli, Damiano Sandri and Antonio Spilimbergo
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 107 (428,691)

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4.

Inequality Overhang

Downloads 104 (437,460)
Citation 1

Inequality Overhang

IMF Working Paper No. 17/76
Number of pages: 28 Posted: 12 May 2017
Francesco Grigoli and Adrian Robles
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 57 (629,870)
Citation 1

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Income distribution, Income inequality, heterogeneity, Gini, income levels, growth, nonlinearities, General

Inequality Overhang

IMF Working Paper No. WP/17/76
Number of pages: 27 Posted: 13 May 2017
Francesco Grigoli and Adrian Robles
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 47 (689,073)

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Heterogeneity, Gini, Income Distribution, Income Inequality, Income Levels, Growth, Nonlinearities

5.

Determinants and Dynamics of Schooling and Child Labor in Bolivia

World Bank Policy Research Working Paper No. 5534
Number of pages: 28 Posted: 20 Apr 2016
Francesco Grigoli and Giacomo Sbrana
International Monetary Fund (IMF) and Neoma Business School
Downloads 103 (440,462)

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Street Children, Primary Education, Education For All, Youth and Governance, Children and Youth

6.

Waste Not, Want Not: The Efficiency of Health Expenditure in Emerging and Developing Economies

IMF Working Paper No. 13/187
Number of pages: 27 Posted: 26 Sep 2013
Francesco Grigoli and Javier Kapsoli
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 101 (446,596)
Citation 2

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Government expenditures, Health care, Emerging markets, Developing countries, Economic models, Health expenditure, efficiency, emerging economies, developing economies

7.

A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies

IMF Working Paper No. 14/19
Number of pages: 25 Posted: 20 Feb 2014
Francesco Grigoli
International Monetary Fund (IMF)
Downloads 98 (455,647)

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Government expenditures, Education, Africa, Emerging markets, Developing countries, Cross country analysis, Education expenditure, efficiency, hybrid, developing economies, emerging economies, education spending, educational outcomes, public education, public expenditure, education sector, school enrollment, education facilities, education outcomes, educational output, completion rates, access to education, educational efficiency, expenditure efficiency, schooling, education systems, efficiency of government expenditure, student educational outcomes, education indicators, public spending, school enrollments, health expenditure, returns to education, education services

8.

Monetary Policy Surprises and Inflation Expectation Dispersion

IMF Working Paper No. 20/252
Number of pages: 39 Posted: 05 Jan 2021
Francesco Grigoli, Bertrand Gruss and Sandra Lizarazo
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 96 (461,862)
Citation 1

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9.

Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?

Downloads 91 (478,063)
Citation 3

Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?

IMF Working Paper No. 20/106
Number of pages: 42 Posted: 23 Jul 2020
Katharina Bergant, Francesco Grigoli, Niels-Jakob Hansen and Damiano Sandri
International Monetary Fund, Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 91 (482,187)

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Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?

CEPR Discussion Paper No. DP14948
Number of pages: 43 Posted: 29 Jun 2020
Katharina Bergant, Francesco Grigoli, Niels-Jakob Hansen and Damiano Sandri
International Monetary Fund, Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
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capital controls, macroprudential policies, monetary policy

10.

Quality of Government and Living Standards: Adjusting for the Efficiency of Public Spending

IMF Working Paper No. 12/182
Number of pages: 22 Posted: 01 Nov 2012
Francesco Grigoli and Eduardo Ley
International Monetary Fund (IMF) and World Bank
Downloads 80 (516,906)

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System Of National Accounts, Efficiency, Living Standards, Governance, Government Expenditures, General Aggregative Models

11.

Inequality and Growth: A Heterogeneous Approach

IMF Working Paper No. 16/244
Number of pages: 34 Posted: 07 Mar 2017
Francesco Grigoli, Evelio Paredes and C. Gabriel Di Bella
International Monetary Fund (IMF), Government of the Kingdom of Spain - Ministerio de Hacienda and International Monetary Fund (IMF)
Downloads 79 (520,671)

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Income inequality, Income distribution, Economic growth, Panel analysis, Structural vector autoregression, Econometric models, Heterogeneity, Gini, income distribution, income inequality, income levels, growth, regions.

12.

Updating Inflation Weights in the UK and Germany During COVID-19

IMF Working Paper No. 2022/204
Number of pages: 28 Posted: 15 Nov 2022
Francesco Grigoli and Evgenia Pugacheva
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 75 (536,650)

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aggregation, consumer behaviour, consumer price index, COVID-19, inflation, weights, CPI inflation index, inflation bias, inflation statistics, inflation index, CPI category, Consumer price indexes, Consumption, Consumer credit

13.

State-Owned Banks and Fiscal Discipline

IMF Working Paper No. 13/206
Number of pages: 27 Posted: 28 Oct 2013
Jesus Gonzalez-Garcia and Francesco Grigoli
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 74 (540,776)

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Public enterprises, Banks, Fiscal policy, Banking systems, Credit, Private sector, Public sector, Soft budget constraint, state-owned banks, fiscal discipline

14.

Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections: An Application to Ecuador

Downloads 71 (553,200)
Citation 2

Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections: An Application to Ecuador

International Monetary Fund Working Paper No. WP/16/236
Number of pages: 28 Posted: 12 Dec 2016 Last Revised: 08 Mar 2018
Francesco Grigoli, Mario Mansilla and Martin Saldias
International Monetary Fund (IMF), International Monetary Fund (IMF) and European Central Bank (ECB)
Downloads 36 (767,128)

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banks, cross-sectional dependence, macro-financial linkages, non-performing loans, credit stress test

Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections: An Application to Ecuador

IMF Working Paper No. 16/236
Number of pages: 29 Posted: 07 Mar 2017
Francesco Grigoli, Mario Mansilla and Martin Saldias
International Monetary Fund (IMF), International Monetary Fund (IMF) and European Central Bank (ECB)
Downloads 35 (774,880)

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Non-performing loans, Ecuador, Banks, Interconnectedness, Credit risk, Systemic risk, Stress testing, Econometric models, banks; cross-sectional dependence; heterogeneity; macro-financial linkages; non-performing loans; stress test

15.

Do High and Volatile Levels of Public Investment Suggest Misconduct? The Role of Institutional Quality

World Bank Policy Research Working Paper No. 5735
Number of pages: 45 Posted: 20 Apr 2016
Francesco Grigoli and Zachary Mills
International Monetary Fund (IMF) and World Bank - Europe and Central Asia Region
Downloads 70 (561,779)

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Investment and Investment Climate, Debt Markets, Non Bank Financial Institutions, Public Sector Economics, Emerging Markets

16.

Protecting Lives and Livelihoods with Early and Tight Lockdowns

IMF Working Paper No. 20/234
Number of pages: 28 Posted: 05 Jan 2021
Francesca Caselli, Francesco Grigoli, Weicheng Lian and Damiano Sandri
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 68 (566,207)
Citation 3

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17.

Worker Mobility and Domestic Production Networks

IMF Working Paper No. 20/205
Number of pages: 61 Posted: 30 Oct 2020
Marvin Cardoza, Francesco Grigoli, Nicola Pierri and Cian Ruane
Independent, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 63 (588,831)

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Labor mobility, Wages, Productivity, Human capital, Trade balance, WP, graphic tag0, production network, connected firm, firm pair control, worker flow

18.

Public Expenditure in the Slovak Republic: Composition and Technical Efficiency

IMF Working Paper No. 12/173
Number of pages: 35 Posted: 01 Nov 2012
Francesco Grigoli
International Monetary Fund (IMF)
Downloads 63 (588,831)

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Expenditure Composition, Technical Efficiency, Government Expenditures, Health Care, Public Finance, Resource Allocation

19.

Monetary Policy and Credit Card Spending

IMF Working Paper No. 2022/255
Number of pages: 33 Posted: 04 Jan 2023
Francesco Grigoli and Damiano Sandri
International Monetary Fund (IMF) and Bank for International Settlements (BIS)
Downloads 61 (598,447)

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Credit card spending, heterogeneity, monetary policy, transmission, credit card data, IMF working paper research Department, interest rate cut, impact of monetary policy, interest rate rise, Consumer credit, Asset prices, Monetary tightening, Consumption, Negative interest rates

20.

Recoveries in the Middle East, North Africa, and Pakistan: Have Macroeconomic Policies Been Effective?

IMF Working Paper No. 10/122
Number of pages: 31 Posted: 26 May 2010
Dalia Hakura and Francesco Grigoli
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 60 (603,293)

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Economic Models, Economic Recession, Economic Recovery, Fiscal Policy, Hydrocarbons, Investment, Middle East, Monetary Policy, North Africa, Oil Exporting Countries, Pakistan, Production Growth, Trade Liberalization

21.

Output Gap Uncertainty and Real-Time Monetary Policy

IMF Working Paper No. 15/14
Number of pages: 36 Posted: 23 Feb 2015
Francesco Grigoli, Alexander Herman, Andrew J. Swiston and C. Gabriel Di Bella
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 55 (628,986)

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Economic growth, Latin America, Monetary policy, Inflation targeting, Business cycles, Cross country analysis, Time series, Output gap, policy rule, data revisions, real-time, uncertainty, Brazil, Chile, Colombia, Mexico, Peru, business cycle., future, interest, central bank, advanced economies, share, income, central banks, output gaps, market participants, interest rates, volatility, inflation expectations, small economy, emerging economies, small economies, price, future growth, financial crisis, country risk, low-income economies, natural resource, local currency, emerging markets, consumer price index, factors of production, prices, monetary policies, low-income countries, unemployment

22.

Saving in Latin America and the Caribbean: Performance and Policies

IMF Working Paper No. 15/108
Number of pages: 42 Posted: 08 Jun 2015
Francesco Grigoli, Alexander Herman and Klaus Schmidt-Hebbel
International Monetary Fund (IMF), International Monetary Fund (IMF) and Pontificia Universidad Católica de Chile
Downloads 52 (645,454)

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Savings, Latin America, Caribbean, Private savings, Public sector savings, Terms of trade, Fiscal policy, Monetary policy, consumption, public saving, income, tax, price, commodity, tax rate

23.

Monetary Policy Surprises and Inflation Expectation Anchoring

Number of pages: 44 Posted: 13 Oct 2022
Francesco Grigoli, Bertrand Gruss and Sandra Lizarazo
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 46 (680,111)

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Anchoring, disagreement, inattention, information rigidity, inflation expectations, sticky information

24.

An Empirical Investigation of the Nexus Among Money Balances, Commodity Prices and Consumer Goods'Prices

World Bank Policy Research Working Paper No. 5533
Number of pages: 27 Posted: 20 Apr 2016
Francesco Grigoli
International Monetary Fund (IMF)
Downloads 46 (686,377)

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Markets and Market Access, Emerging Markets, Economic Theory & Research, Commodities, E-Business

25.

Network Effects and Research Collaborations

IMF Working Paper No. 2020/144
Number of pages: 48 Posted: 28 Jan 2021
Dennis Essers, Francesco Grigoli and Evgenia Pugacheva
National Bank of Belgium, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 45 (686,377)

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26.

Is Inflation Domestic or Global? Evidence from Emerging Markets

IMF Working Paper No. 18/241
Number of pages: 27 Posted: 10 Dec 2018
Rudolfs Bems, Francesca Caselli, Francesco Grigoli, Bertrand Gruss and Weicheng Lian
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 45 (686,377)
Citation 1

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Globalization, Inflation, Emerging markets, Inflation expectations, Central banks and their policies, Phillips Curve, Globalization: Macroeconomic Impacts

27.

Optimism, Pessimism, and Short-Term Fluctuations

IMF Working Paper No. 18/1
Number of pages: 32 Posted: 18 Jan 2018
C. Gabriel Di Bella and Francesco Grigoli
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 42 (705,392)
Citation 2

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Expectations, Animal spirits, fluctuations, optimism, pessimism, self-fulfilling

28.

Power it Up: Strengthening the Electricity Sector to Improve Efficiency and Support Economic Activity

IMF Working Paper No. 16/85
Number of pages: 37 Posted: 09 Dec 2016
C. Gabriel Di Bella and Francesco Grigoli
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 41 (719,025)

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Electricity, Low-income developing countries, Subsidies, Tariffs, Supply and demand, Haiti, Nicaragua, Cross country analysis, Econometric models, Credible and Non-Credible Promises, Economic efficiency, Economic infrastructure, Electricity Sector, Electricity Theft, Haiti, Nicaragua

29.

Low for (Very) Long? A Long-Run Perspective on R* Across Advanced Economies

IMF Working Paper No. 2023/085
Number of pages: 43 Posted: 03 May 2023
Francesco Grigoli, Robin Tietz and Josef Platzer
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 40 (719,025)

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neutral rate, old-age dependency ratio, time series, neutral interest rates, coefficient estimate, cited estimation approach, estimation procedure, Real interest rates, Capital account, Aging, Output gap, Global

30.

Interest Rate Pass-Through in the Dominican Republic

IMF Working Paper No. 15/260
Number of pages: 29 Posted: 17 Feb 2016
Francesco Grigoli and José Mota
International Monetary Fund (IMF) and Central Bank of the Dominican Republic
Downloads 36 (747,009)
Citation 1

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asymmetric, interest rate, pass-through, transmission mechanism, monetary policy, interest, lending, deposit, Monetary Policy (Targets, Instruments, and Effects),

31.

Is Unemployment on Steroids in Advanced Economies?

IMF Working Paper No. 18/169
Number of pages: 34 Posted: 22 Aug 2018
C. Gabriel Di Bella, Francesco Grigoli and Francisco Ramirez de Leon
International Monetary Fund (IMF), International Monetary Fund (IMF) and Central Bank of the Dominican Republic
Downloads 28 (808,837)

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Unemployment, Advanced economies, hysteresis, panel VAR, persistence, unit root

32.

Assessing Targeted Containment Policies to Fight COVID-19

IMF Working Paper No. 2020/277
Number of pages: 32 Posted: 26 Jan 2021
Ariadne Checo, Francesco Grigoli and Jose M. Mota
Central Bank of the Dominican Republic, International Monetary Fund (IMF) and University of Houston
Downloads 27 (817,040)

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33.

Predictive Density Aggregation: A Model for Global GDP Growth

IMF Working Paper No. 20/78
Number of pages: 34 Posted: 30 Jun 2020
Francesca Caselli, Francesco Grigoli, Romain Lafarguette and Changchun Wang
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund and International Monetary Fund (IMF)
Downloads 23 (851,895)

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Real effective exchange rates, Indicators of economic activity, Economic growth, Economic indicators, Economic policy, Density aggregation, density evaluation, global GDP growth, predictive density., WP, euro area, GDP growth, country-specific, joint density, regional leader

34.

Idiosyncratic Shocks and Aggregate Fluctuations in an Emerging Market

IMF Working Paper No. 2021/289
Number of pages: 20 Posted: 04 Feb 2022
Francesco Grigoli, Emiliano Luttini and Damiano Sandri
International Monetary Fund (IMF), Central Bank of Chile and International Monetary Fund (IMF)
Downloads 17 (908,844)

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Business cycle, emerging markets, firm-level shocks, granularity, propagation

35.

Idiosyncratic Shocks and Aggregate Fluctuations in an Emerging Market

CEPR Discussion Paper No. DP16824
Number of pages: 21 Posted: 04 Feb 2022
Francesco Grigoli, Emiliano Luttini and Damiano Sandri
International Monetary Fund (IMF), Central Bank of Chile and International Monetary Fund (IMF) - Research Department
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Business cycle, Firm-Level Shocks, granularity, propagation

36.

Expectations' Anchoring and Inflation Persistence

CEPR Discussion Paper No. DP16391
Number of pages: 53 Posted: 22 Sep 2021
Rudolfs Bems, Francesca Caselli, Francesco Grigoli and Bertrand Gruss
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 0 (1,055,237)
Citation 11
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anchoring, credibility, Inflation expectations, Inflation persistence, terms of trade

37.

The Impact of Terms of Trade and Macroeconomic Regimes on Private Saving

Economics Letters, Vol. 145, No. C, 2016
Posted: 13 Sep 2017
Francesco Grigoli, Alexander Herman and Klaus Schmidt-Hebbel
International Monetary Fund (IMF), International Monetary Fund (IMF) and Pontificia Universidad Católica de Chile

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Consumption, Private saving, Terms of trade, Fiscal rules, Inflation targeting, Exchange rate regime

38.

An Empirical Investigation of the Nexus Among Money Balances, Commodity Prices and Consumer Goods Prices

The IUP Journal of Monetary Economics, Vol. IX, No. 4, November 2011, pp. 56-80
Posted: 22 Aug 2012
Francesco Grigoli
International Monetary Fund (IMF)

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