Daniel Garcia-Macia

International Monetary Fund (IMF) - European Department

700 19th Street NW

Washington, DC 20431

United States

  • International Monetary Fund (IMF) - European Department

SCHOLARLY PAPERS

19

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SSRN CITATIONS
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Top 14,400

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95

CROSSREF CITATIONS

11

Scholarly Papers (19)

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1.

Fiscal Rules and Fiscal Councils: Recent Trends and Performance During the COVID-19 Pandemic

IMF Working Paper No. 2022/011
Number of pages: 41 Posted: 30 Mar 2022
Hamid R. Davoodi, Paul Elger, Alexandra Fotiou, Daniel Garcia-Macia, Xuehui Han, Andresa Lagerborg, Raphael Lam and Paulo A. Medas
International Monetary Fund (IMF) - Fiscal Affairs Department, Independent, International Monetary Fund (IMF), International Monetary Fund (IMF) - European Department, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 328 (178,903)
Citation 1

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Fiscal Rules, Fiscal Councils, COVID-19, pandemic, Public debt, European Union, Deficit limits, independent fiscal institutions., policy choice, IMF working paper No.22, policy room, fiscal rule, dynamics of deviation, Fiscal rules, Fiscal councils, COVID-19, Fiscal governance, Debt limits, Global

2.

How Destructive is Innovation?

Downloads 257 (230,225)
Citation 38

How Destructive is Innovation?

US Census Bureau Center for Economic Studies Paper No. CES-WP-17-04
Number of pages: 41 Posted: 11 Jan 2017
Daniel Garcia-Macia, Chang-Tai Hsieh and Peter J. Klenow
International Monetary Fund (IMF) - European Department, University of Chicago - Booth School of Business and Stanford University - Department of Economics
Downloads 176 (327,590)
Citation 1

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How Destructive is Innovation?

NBER Working Paper No. w22953
Number of pages: 57 Posted: 19 Dec 2016 Last Revised: 20 Mar 2023
Daniel Garcia-Macia, Chang-Tai Hsieh and Peter J. Klenow
International Monetary Fund (IMF) - European Department, University of Chicago - Booth School of Business and Stanford University - Department of Economics
Downloads 81 (589,563)
Citation 29

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3.

Corporate Financing of Innovation and the Medium-Run Cycle

Number of pages: 46 Posted: 28 Nov 2013 Last Revised: 13 Oct 2015
Daniel Garcia-Macia
International Monetary Fund (IMF) - European Department
Downloads 204 (286,984)
Citation 3

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endogenous innovation, financial crises, Great Recession, Great Deviation, medium-run cycle, external financing

4.

From Wood to Coal May Well Be from Malthus to Solow

Number of pages: 20 Posted: 11 Mar 2014
Egemen Eren and Daniel Garcia-Macia
Bank for International Settlements (BIS) - Monetary and Economic Department and International Monetary Fund (IMF) - European Department
Downloads 196 (297,604)

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Industrial Revolution, Coal, Energy Transitions, Directed Technical Change

5.

The Financing of Ideas and the Great Deviation

Downloads 163 (350,510)
Citation 9

The Financing of Ideas and the Great Deviation

Number of pages: 66 Posted: 05 Apr 2016
Daniel Garcia-Macia
International Monetary Fund (IMF) - European Department
Downloads 110 (479,828)
Citation 4

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Intangible capital, Financial Frictions, Financial Crises, Heterogeneous Firms, Firm-Level Data

The Financing of Ideas and the Great Deviation

IMF Working Paper No. 17/176
Number of pages: 53 Posted: 05 Sep 2017
Daniel Garcia-Macia
International Monetary Fund (IMF) - European Department
Downloads 53 (737,385)

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Western Hemisphere, Financial crises, Financial crises, Intangible capital, United States, heterogeneous firms, endogenous default

6.

Technological and Economic Decoupling in the Cyber Era

IMF Working Paper No. 20/257
Number of pages: 36 Posted: 05 Jan 2021
Daniel Garcia-Macia and Rishi Goyal
International Monetary Fund (IMF) - European Department and International Monetary Fund (IMF)
Downloads 146 (383,812)

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7.

Has the Phillips Curve Become Steeper?

IMF Working Paper No. 2023/100
Number of pages: 23 Posted: 25 May 2023
Anil Ari, Daniel Garcia-Macia and Shruti Mishra
International Monetary Fund, International Monetary Fund (IMF) - European Department and Columbia University
Downloads 115 (461,362)

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Phillips Curve, Inflation, De-globalization, Digitalization, Structural change, POST-pandemic Phillips curve estimation, Phillips curve estimate, price flexibility, Phillips Curve slope, quote data, Output gap, Real effective exchange rates, Europe

8.

The Effects of Inflation on Public Finances

IMF Working Paper No. 2023/093
Number of pages: 24 Posted: 26 Oct 2023
Daniel Garcia-Macia
International Monetary Fund (IMF) - European Department
Downloads 101 (506,739)
Citation 1

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Inflation, fiscal balance, public debt

9.

The External Balance Assessment Methodology: 2018 Update

IMF Working Paper No. 19/65
Number of pages: 69 Posted: 15 Apr 2019
Luis Cubeddu, Signe Krogstrup, Gustavo Adler, Pau Rabanal, Mai Dao, Swarnali Ahmed Hannan, Luciana Juvenal, Carolina Osorio-Buitron, Cyril Rebillard, Daniel Garcia-Macia, Callum Jones, Jair Rodriguez, Kyun Suk Chang, Deepali Gautam and Zijiao Wang
International Monetary Fund (IMF), National Bank of Denmark - Economics Department, International Monetary Fund (IMF) - Research Department, International Monetary Fund, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - European Department, Board of Governors of the Federal Reserve System, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 83 (573,667)
Citation 1

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External sector, Current account balances, Terms of trade, Current account surpluses, Current account deficits, current account, exchange rates, external sustainability, global imbalances., Eba, capital control, output gap, institutional quality, OAD

10.

The Stabilizing Role of Net Foreign Asset Returns

IMF Working Paper No. 18/79
Number of pages: 34 Posted: 22 May 2018
Gustavo Adler and Daniel Garcia-Macia
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - European Department
Downloads 56 (703,987)

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net foreign assets, international investment position, valuation changes, return differential.

11.

The Measurement of External Accounts

IMF Working Paper No. 19/132
Number of pages: 31 Posted: 07 Aug 2019
Gustavo Adler, Signe Krogstrup and Daniel Garcia-Macia
International Monetary Fund (IMF) - Research Department, National Bank of Denmark - Economics Department and International Monetary Fund (IMF) - European Department
Downloads 55 (709,770)

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Foreign investment income, Balance of payments statistics, Financial statistics, Economic integration, Foreign investment, International investment position, Current Account, Measurement, External Imbalances, Global Imbalances., retained earnings, NIIP, statistical definition, investment position, debt position

12.

The Insolvency Regime for Large Enterprises in Italy: An Economic and Legal Assessment

IMF Working Paper No. 18/218
Number of pages: 35 Posted: 16 Oct 2018
Nazim Belhocine, Daniel Garcia-Macia and José Garrido
International Monetary Fund, International Monetary Fund (IMF) - European Department and International Monetary Fund (IMF)
Downloads 55 (709,770)

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Italy, Europe, special insolvency regime, extraordinary administration, bankruptcy of large enterprises, Corporation and Securities Law

13.

Macroprudential Policy with Liquidity Panics

ESRB: Working Paper Series No. 2016/24
Number of pages: 44 Posted: 05 Nov 2020
Daniel Garcia-Macia and Alonso Villacorta
International Monetary Fund (IMF) - European Department and University of California, Santa Cruz - Department of Economics
Downloads 54 (715,594)

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macroprudential policy, interbank market, liquidity panics

14.

Labor Costs and Corporate Investment in Italy

IMF Working Paper No. 20/38
Number of pages: 23 Posted: 18 Mar 2020
Daniel Garcia-Macia
International Monetary Fund (IMF) - European Department
Downloads 52 (727,672)

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National accounts, Labor costs, Financial crises, Capital formation, Unit labor cost, corporate investment, capital returns, corporate profitability., WP, wage growth, capital return, Orbis, labor cost, capital growth

15.

Household Wealth and Resilience to Financial Shocks in Italy

IMF Working Paper No. 18/196
Number of pages: 27 Posted: 01 Oct 2018
Daniel Garcia-Macia
International Monetary Fund (IMF) - European Department
Downloads 48 (752,865)

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Flow of funds, Household consumption, Wealth distribution, Bonds, Bank bailouts, Balance sheets, External shocks, financial linkages, balance sheet analysis, bail-in, bailout, Portfolio Choice

16.

Public Debt Dynamics During the Climate Transition

IMF Working Paper No. 2024/071
Number of pages: 27 Posted: 04 Apr 2024
Daniel Garcia-Macia, Raphael Lam and Anh D. M. Nguyen
International Monetary Fund (IMF) - European Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 45 (779,734)

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Climate change, mitigation, public debt, carbon pricing, subsidies, public investment, industrial policies, dynamic general equilibrium.

17.

Tracing Productivity Growth Channels in the UK

IMF Working Paper No. 2021/273
Number of pages: 32 Posted: 04 Feb 2022
Daniel Garcia-Macia and Julia A. Korosteleva
International Monetary Fund (IMF) - European Department and University College London - School of Slavonic and East European Studies (SSEES) - Social Science Department
Downloads 41 (801,250)

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economic growth, innovation, creative destruction, UK productivity slowdown post-GFC, UK market economy, GFC decade, innovation source, leading role, sources of TFP growth, exit rate, Employment, Total factor productivity, Job creation, Productivity, Job destruction, Global

18.

Identifying Service Market Reform Priorities in Italy

IMF Working Paper No. 20/39
Number of pages: 36 Posted: 24 Apr 2020
Nazim Belhocine and Daniel Garcia-Macia
International Monetary Fund and International Monetary Fund (IMF) - European Department
Downloads 37 (831,497)

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Total factor productivity, Price indexes, Unemployment, Development, Labor productivity, service market reform, firm entry/exit barriers, markups, productivity., WP, exit barrier, entry barrier, markup, regulated profession, market service

19.

Industrial Policies for Innovation: A Cost-Benefit Framework

IMF Working Paper No. 2024/176
Number of pages: 36 Posted: 21 Aug 2024
Daniel Garcia-Macia and Alexandre Sollaci
International Monetary Fund (IMF) - European Department and International Monetary Fund (IMF)
Downloads 32 (872,862)

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Industrial policy, innovation, knowledge spillovers, climate policy, AI, implementation friction, knowledge spillover, economy openness, R&D allocation, welfare impact, policy goal, Spillovers, Artificial intelligence, Global