Nicolás E. Magud

International Monetary Fund (IMF)

Senior Economist

700 19th Street, N.W.

Washington, DC 20431

United States

  • International Monetary Fund (IMF)

SCHOLARLY PAPERS

26

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97

CROSSREF CITATIONS

60

Scholarly Papers (26)

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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 546 (98,678)
Citation 2

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

2.

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

Downloads 234 (250,480)
Citation 5

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 152 (368,917)
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 82 (580,775)
Citation 1

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

3.

Capital Controls: Myth and Reality - A Portfolio Balance Approach

Downloads 211 (276,165)
Citation 25

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 Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Nicolás E. Magud and Kenneth Rogoff
National Bureau of Economic Research (NBER)World BankCentre for Economic Policy Research (CEPR)International Monetary Fund (IMF)University of Maryland - School of Public AffairsHarvard University, Harvard Kennedy School (HKS), Belfer Center for Science and International Affairs (BCSIA)Harvard University - Center for Business and GovernmentPeterson Institute for International Economics, International Monetary Fund (IMF) and Harvard University - Department of Economics
Downloads 148 (377,334)
Citation 17

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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: 03 Jun 2023
Nicolás E. Magud, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart and Kenneth Rogoff
International Monetary Fund (IMF), National Bureau of Economic Research (NBER)World BankCentre for Economic Policy Research (CEPR)International Monetary Fund (IMF)University of Maryland - School of Public AffairsHarvard University, Harvard Kennedy School (HKS), Belfer Center for Science and International Affairs (BCSIA)Harvard University - Center for Business and GovernmentPeterson Institute for International Economics and Harvard University - Department of Economics
Downloads 63 (673,978)

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4.

Capital Inflows, Exchange Rate Flexibility, and Credit Booms

Downloads 197 (294,010)
Citation 21

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 Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart and Esteban Vesperoni
International Monetary Fund (IMF), National Bureau of Economic Research (NBER)World BankCentre for Economic Policy Research (CEPR)International Monetary Fund (IMF)University of Maryland - School of Public AffairsHarvard University, Harvard Kennedy School (HKS), Belfer Center for Science and International Affairs (BCSIA)Harvard University - Center for Business and GovernmentPeterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 144 (385,699)

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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: 14 Apr 2023
Nicolás E. Magud, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart and Esteban Vesperoni
International Monetary Fund (IMF), National Bureau of Economic Research (NBER)World BankCentre for Economic Policy Research (CEPR)International Monetary Fund (IMF)University of Maryland - School of Public AffairsHarvard University, Harvard Kennedy School (HKS), Belfer Center for Science and International Affairs (BCSIA)Harvard University - Center for Business and GovernmentPeterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 53 (732,899)
Citation 9

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5.

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

Downloads 164 (346,119)
Citation 4

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 103 (499,858)

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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 61 (685,169)
Citation 4

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

6.

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 154 (364,859)

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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 - Centro de Estudios Economicos
Downloads 102 (499,528)

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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 100 (506,357)

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

9.

Central Banking in Latin America: The Way Forward

IMF Working Paper No. 16/197
Number of pages: 44 Posted: 09 Dec 2016
Yan Carriere-Swallow, Luis I Jácome, Nicolás E. Magud and Alejandro M. Werner
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 91 (538,335)
Citation 1

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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.

10.

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 80 (582,104)

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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

11.

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 70 (626,803)

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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

12.

Capital Controls: An Evaluation

NBER Working Paper No. w11973
Number of pages: 40 Posted: 07 Nov 2006 Last Revised: 19 Sep 2022
Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart, Carmen Reinhart and Nicolás E. Magud
National Bureau of Economic Research (NBER)World BankCentre for Economic Policy Research (CEPR)International Monetary Fund (IMF)University of Maryland - School of Public AffairsHarvard University, Harvard Kennedy School (HKS), Belfer Center for Science and International Affairs (BCSIA)Harvard University - Center for Business and GovernmentPeterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 66 (646,468)
Citation 4

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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 65 (651,515)

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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.

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 65 (651,515)

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

15.

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 63 (661,882)
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

16.

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 61 (672,447)

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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

17.

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 60 (677,771)
Citation 1

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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

18.

Monetary Policy Credibility and Exchange Rate Pass-Through

IMF Working Paper No. 16/240
Number of pages: 34 Posted: 09 Aug 2017
Yan Carriere-Swallow, Bertrand Gruss, Nicolás E. Magud and Fabián Valencia
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 56 (699,955)
Citation 2

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

19.

The Long-Run Impact of Sovereign Yields on Corporate Yields in Emerging Markets

IMF Working Paper No. 2021/155
Number of pages: 51 Posted: 04 Feb 2022
Delong Li, Nicolás E. Magud, Alejandro M. Werner and Samantha Helen Witte
University of Guelph - Gordon S. Lang School of Business and Economics, International Monetary Fund (IMF), International Monetary Fund (IMF) and World Bank
Downloads 51 (729,755)

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20.

External Shocks, Policies, and Tail-Shifts in Real Exchange Rates

Downloads 49 (742,403)

External Shocks, Policies, and Tail-Shifts in Real Exchange Rates

IMF Working Paper No. 2023/129
Number of pages: 51 Posted: 29 Jun 2023
Nicolás E. Magud and Samuel Pienknagura
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 34 (875,211)

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Real exchange rates, external shocks, foreign exchange intervention, capital controls

External Shocks, Policies, and Tail-Shifts in Real Exchange Rates

Number of pages: 51 Posted: 18 Jul 2023
Nicolás E. Magud and Samuel Pienknagura
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 15 (1,071,432)

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Real exchange rates, external shocks, foreign exchange intervention, capital controls

21.

The Return of Expansionary Austerity: Firms’ Investment Response to Fiscal Adjustments in Emerging Markets

IMF Working Paper No. 2022/070
Number of pages: 55 Posted: 25 Apr 2022
Nicolás E. Magud and Samuel Pienknagura
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 47 (755,184)

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Fiscal shocks, adjustment, corporate investment, emerging markets, firms' investment response, rebound in investment, government expenditure Forecast Error, firm level, sales growth, Fiscal consolidation, Corporate investment, Capital adequacy requirements, Middle East and Central Asia, Europe, Africa, Global, Asia and Pacific

22.

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 47 (755,184)

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

23.

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 45 (768,699)

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

24.

Inflated Concerns: Exposure to Past Inflationary Episodes and Preferences for Price Stability

IMF Working Paper No. 2024/040
Number of pages: 40 Posted: 07 Mar 2024
Nicolás E. Magud and Samuel Pienknagura
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 25 (931,650)

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Price Stability, Inflation, Individual Preferences, Learning from Experience

25.

The Return of Expansionary Austerity: Firms' Investment Response to Fiscal Adjustments in Emerging Markets

Number of pages: 62 Posted: 17 Mar 2023
Nicolás E. Magud and Samuel Pienknagura
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 16 (1,025,078)

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Fiscal shocks, adjustment, corporate investment, Emerging markets

26.

Economic and Institutional Consequences of Populism

CEPR Discussion Paper No. DP15824
Number of pages: 45 Posted: 01 Mar 2021
Nicolás E. Magud and Antonio Spilimbergo
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 1 (1,186,747)
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