Nicolás E. Magud

International Monetary Fund (IMF)

Senior Economist

700 19th Street, N.W.

Washington, DC 20431

United States

SCHOLARLY PAPERS

20

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1,414

CITATIONS
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Top 12,507

in Total Papers Citations

60

Scholarly Papers (20)

1.

When and Why Worry About Real Exchange Rate Appreciation? The Missing Link Between Dutch Disease and Growth

IMF Working Paper No. 10/271
Number of pages: 33 Posted: 01 Feb 2011
Nicolás E. Magud and Sebastiàn Sosa
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Western Hemisphere Department
Downloads 348 (85,083)

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Capital inflows, Commodity price fluctuations, Economic growth, Exchange rate appreciation, External shocks, Fiscal policy, Monetary policy, Real effective exchange rates

On the Distributive Effects of Terms of Trade Shocks: The Role of Non-Tradable Goods

Number of pages: 35 Posted: 08 Jan 2009 Last Revised: 04 Jun 2017
Sebastian Galiani, Daniel Heymann and Nicolás E. Magud
University of Maryland - Department of Economics, United Nations and International Monetary Fund (IMF)
Downloads 117 (237,368)
Citation 5

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Non-tradable goods, terms of trade shocks, distributive conflict, export taxes

On the Distributive Effects of Terms of Trade Shocks: The Role of Non-Tradable Goods

IMF Working Paper No. 10/241
Number of pages: 39 Posted: 01 Feb 2011
Sebastian Galiani, Daniel Heymann and Nicolás E. Magud
University of Maryland - Department of Economics, Universidad de Buenos Aires and International Monetary Fund (IMF)
Downloads 42 (423,113)

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Export taxes, Exports, External shocks, Labor productivity, Terms of trade, Trade models

Capital Controls: Myth and Reality - A Portfolio Balance Approach

Peterson Institute for International Economics Working Paper No. 2011-07
Number of pages: 47 Posted: 02 Mar 2011
Carmen M. Reinhart, Nicolás E. Magud and Kenneth Rogoff
Peter G. Peterson Institute for International Economics, International Monetary Fund (IMF) and Harvard University - Department of Economics
Downloads 88 (288,787)
Citation 1

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Capital Controls

Capital Controls: Myth and Reality - a Portfolio Balance Approach

NBER Working Paper No. w16805
Number of pages: 49 Posted: 28 Feb 2011 Last Revised: 04 Mar 2011
Nicolás E. Magud, Carmen M. Reinhart and Kenneth Rogoff
International Monetary Fund (IMF), Peter G. Peterson Institute for International Economics and Harvard University - Department of Economics
Downloads 40 (431,259)

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Capital Inflows, Exchange Rate Flexibility, and Credit Booms

IMF Working Paper No. NO.12/41
Number of pages: 24 Posted: 28 Feb 2012
Nicolás E. Magud, Carmen M. Reinhart and Esteban Vesperoni
International Monetary Fund (IMF), Peter G. Peterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 90 (284,609)

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Exchange Rate Flexibility, Domestic Credit, Foreign Currency Loans, Capital Inflows, Financial Regulation, Bank Credit, Capital Flows, Credit Expansion, Exchange Rate Regimes, Flexible Exchange Rates

Capital Inflows, Exchange Rate Flexibility, and Credit Booms

NBER Working Paper No. w17670
Number of pages: 33 Posted: 17 Dec 2011 Last Revised: 20 Dec 2011
Nicolás E. Magud, Carmen M. Reinhart and Esteban Vesperoni
International Monetary Fund (IMF), Peter G. Peterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 30 (477,403)

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Capital Inflows, Exchange Rate Flexibility and Credit Booms

Review of Development Economics, Vol. 18, Issue 3, pp. 415-430, 2014
Number of pages: 16 Posted: 26 Jul 2014
Nicolás E. Magud, Carmen M. Reinhart and Esteban Vesperoni
International Monetary Fund (IMF), Peter G. Peterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 1 (681,517)
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5.

Income Distribution, Factor Endowments, and Trade Revisited: The Role of Non-Tradable Goods

Number of pages: 31 Posted: 21 Feb 2011 Last Revised: 13 Jul 2016
Sebastian Galiani, Daniel Heymann and Nicolás E. Magud
University of Maryland - Department of Economics, Universidad de Buenos Aires and International Monetary Fund (IMF)
Downloads 120 (231,896)

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To Cut or Not to Cut? That is the (Central Bank’s) Question in Search of the Neutral Interest Rate in Latin America

IMF Working Paper No. 12/243
Number of pages: 49 Posted: 09 Apr 2013
Nicolás E. Magud and Evridiki Tsounta
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Western Hemisphere Department
Downloads 36 (448,672)

Abstract:

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Central banks, Latin America, Interest rates, Interest rate policy, Monetary policy, Inflation targeting, Economic models, Cross country analysis, central bank, neutral interest rate, monetary stance, macrorpudential policies, inflation, monetary policy, real interest rate, central bank, monetary stance, reserve requirements, monetary fund, foreign currency, inflation targeting, foreign exchange, inflation target, inflation rates, monetary transmission mechanisms, nominal interest rate, inflation rate, monetary transmission, real interest rates, rate of inflation, monetary policy frameworks, reserve requirement, minimum reserve requirements, aggregate demand, international liquidity, legal r

To Cut or Not to Cut? That is the (Central Bank’s) Question: In Search of the Neutral Interest Rate in Latin America

IMF Working Paper No. 12/243
Number of pages: 48 Posted: 16 Oct 2012
Nicolás E. Magud and Evridiki Tsounta
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Western Hemisphere Department
Downloads 34 (457,636)
Citation 1

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central bank, neutral interest rate, monetary stance, macrorpudential policies

7.

Collateral Damage: Dollar Strength and Emerging Markets’ Growth

IMF Working Paper No. 15/179
Number of pages: 43 Posted: 14 Sep 2015
Pablo Druck, Nicolás E. Magud and Rodrigo Mariscal
International Monetary Fund (IMF), International Monetary Fund (IMF) and El Colegio de Mexico
Downloads 59 (357,850)

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Dollar appreciation cycles, growth in emerging markets.

8.

Corporate Investment in Emerging Markets: Financing vs. Real Options Channel

IMF Working Paper No. 15/285
Number of pages: 31 Posted: 17 Feb 2016
Delong Li, Nicolás E. Magud and Fabián Valencia
Johns Hopkins University, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 53 (376,600)

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financial frictions, real options, uncertainty shocks, interest, interest rates, markets, cash flows, General, All Countries,

9.

Four Decades of Terms-of-Trade Booms: Saving-Investment Patterns and a New Metric of Income Windfall

IMF Working Paper No. 13/103
Number of pages: 33 Posted: 08 Jun 2013
Gustavo Adler and Nicolás E. Magud
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 53 (376,600)

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Terms of trade, Latin America, External shocks, Savings, Investment, Income, Business cycles, Cross country analysis, windfall, real income, aggregate saving, saving rate, trade shocks, trade shock, terms-of-trade shocks, domestic investment, oil exporters, exporting countries, trade openness, international financial statistics, international financial, domestic savings, foreign asset, foreign assets, foreign asset accumulation, exchange rate regime, import prices, global shocks, domestic consumption, gross capital formation, net foreign asset, trade changes, commodity prices, return on capital, open economy, external position, net foreign assets, foreign asset position, net foreign asset po

10.

Central Banking in Latin America: The Way Forward

IMF Working Paper No. 16/197
Number of pages: 44 Posted: 09 Dec 2016
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 49 (389,808)

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Central banking, Latin America, Central banks, Central bank autonomy, Monetary policy, Inflation targeting, Exchange markets, Intervention, Price stabilization, Macroprudential Policy, Financial stability, Central Banking, Monetary Policy, Macroprudential Policy, Latin America.

11.

Capital Controls: An Evaluation

NBER Working Paper No. w11973
Number of pages: 40 Posted: 07 Nov 2006 Last Revised: 20 Sep 2010
Carmen M. Reinhart and Nicolás E. Magud
Peter G. Peterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 47 (396,694)
Citation 2

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12.

The Chilean Output Gap

IMF Working Paper No. 11/2
Number of pages: 15 Posted: 01 Feb 2011
Leandro Medina and Nicolás E. Magud
George Washington University - Department of Economics and International Monetary Fund (IMF)
Downloads 40 (422,369)

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Chile, Economic growth, Economic models, Employment, Natural resources, Production

13.

Terms-of-Trade Cycles and External Adjustment

IMF Working Paper No. 17/29
Number of pages: 30 Posted: 23 Mar 2017
Gustavo Adler, Nicolás E. Magud and Alejandro M. Werner
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 29 (469,957)

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Business cycles, Developed countries, Emerging markets, Terms of trade, Time series, Econometric models, Panel analysis, terms of trade; external adjustment; current account, external adjustment, current account, Open Economy Macroeconomics, International Business Cycles

14.

A Note on Terms of Trade Shocks and the Wage Gap

IMF Working Paper No. 10/279
Number of pages: 28 Posted: 01 Feb 2011
Nicolás E. Magud and David O. Coble Fernandez
International Monetary Fund (IMF) and affiliation not provided to SSRN
Downloads 27 (480,137)

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Chile, Developing countries, Economic models, Labor markets, Skilled labor, Terms of trade, Wages

15.

Real Exchange Rates, Economic Complexity, and Investment

IMF Working Paper No. 18/107
Number of pages: 22 Posted: 01 Aug 2018
Steve Brito, Nicolás E. Magud and Sebastiàn Sosa
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Western Hemisphere Department
Downloads 25 (490,912)

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Real exchange rates, Capital expenditure, Private investments, Real exchange rate misalignment, Developed countries, Emerging markets, Firm-level investment, real exchange rate, misalignment, Open Economy Macroeconomics

16.

Investment in Emerging Markets We are Not in Kansas Anymore…Or are We?

IMF Working Paper No. 15/77
Number of pages: 32 Posted: 05 May 2015
Nicolás E. Magud and Sebastiàn Sosa
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Western Hemisphere Department
Downloads 25 (490,912)
Citation 1

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Private investments, Emerging markets, Commodities, Export prices, Capital inflows, Econometric models, financial constraints, commodity prices, capital inflows., debt, commodity export, cash flow, cash flows, output, investment decisions

17.

A Tradeoff between the Output and Current Account Effects of Pension Reform

IMF Working Paper No. 12/283
Number of pages: 25 Posted: 11 Jan 2013
Mario Catalán and Nicolás E. Magud
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 23 (501,985)

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Pension reforms, Production, Current account, Economic models, Pension reform, external balance, dyamic general equilibrium model

18.

Exchange Rate Flexibility and Credit During Capital Inflow Reversals: Purgatory…Not Paradise

IMF Working Paper No. 14/61
Number of pages: 31 Posted: 15 May 2014
Nicolás E. Magud and Esteban Vesperoni
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 22 (507,802)

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Flexible exchange rates, Bank credit, Capital inflows, Capital flows, Economic models, reversals, macro-prudential, exchange rate regimes, exchange rate flexibility, flexible exchange rate regimes, fixed exchange rate, fixed exchange rate regimes, real exchange rate, real effective exchange rate, exchange rate arrangements, rigid exchange rate regimes, exchange rate classification, de facto exchange rate regimes, capital movements, capital flows reversals, inflexible exchange rate regimes, history of exchange rate, exchange rate appreciations, exchange rate management, short-term capital

19.

No Pain, All Gain? Exchange Rate Flexibility and the Expenditure-Switching Effect

IMF Working Paper No. 18/213
Number of pages: 31 Posted: 15 Nov 2018
Yan Carriere-Swallow, Nicolás E. Magud and Juan F. Yépez
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 8 (592,073)

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Exchange rate regime, expenditure switching, terms-of-trade, external adjustment, General, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Open Economy Macroeconomics

20.

Monetary Policy Credibility and Exchange Rate Pass-Through

IMF Working Paper No. 16/240
Number of pages: 34 Posted: 09 Aug 2017
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 8 (592,073)

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Price stabilization, Monetary policy, Exchange rate pass-through, Emerging markets, Consumer prices, Developed countries, Cross country analysis, monetary policy credibility