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

21

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1,648

SSRN CITATIONS
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Top 9,660

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56

CROSSREF CITATIONS

75

Scholarly Papers (21)

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1.

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

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 406 (93,060)
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 171 (222,512)
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 120 (296,133)
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

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 51 (489,970)
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 144 (256,640)
Citation 18

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 GovernmentPeter G. Peterson Institute for International Economics, International Monetary Fund (IMF) and Harvard University - Department of Economics
Downloads 103 (329,900)
Citation 17

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Capital Controls

Capital Controls: Myth and Reality - a Portfolio Balance Approach

Number of pages: 49 Posted: 28 Feb 2011 Last Revised: 03 Dec 2021
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 GovernmentPeter G. Peterson Institute for International Economics and Harvard University - Department of Economics
Downloads 41 (536,819)

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4.

Capital Inflows, Exchange Rate Flexibility, and Credit Booms

Downloads 136 (268,558)
Citation 14

Capital Inflows, Exchange Rate Flexibility, and Credit Booms

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 GovernmentPeter G. Peterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 102 (332,045)

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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

Number of pages: 33 Posted: 17 Dec 2011 Last Revised: 14 Oct 2021
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 GovernmentPeter G. Peterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 33 (580,921)
Citation 2

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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 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 GovernmentPeter G. Peterson Institute for International Economics and International Monetary Fund (IMF)
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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 126 (284,466)

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6.

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

Downloads 77 (392,143)
Citation 3

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

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 40 (542,006)
Citation 4

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

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

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 37 (557,999)

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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

7.

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

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 73 (404,042)

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

8.

Collateral Damage: Dollar Strength and Emerging Markets’ Growth

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 72 (407,082)

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Dollar appreciation cycles, growth in emerging markets.

9.

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

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 58 (454,667)

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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

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 56 (462,179)
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.

11.

Capital Controls: An Evaluation

Number of pages: 40 Posted: 07 Nov 2006 Last Revised: 21 Mar 2021
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 GovernmentPeter G. Peterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 54 (469,764)
Citation 3

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12.

The Chilean Output Gap

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 44 (511,988)

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

13.

Terms-of-Trade Cycles and External Adjustment

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 39 (535,693)

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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.

Real Exchange Rates, Economic Complexity, and Investment

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 35 (556,212)

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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

15.

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

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 34 (561,573)
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.

A Note on Terms of Trade Shocks and the Wage Gap

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 33 (567,057)

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

17.

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

Number of pages: 25 Posted: 11 Jan 2013
Mario Catalán and Nicolás E. Magud
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 26 (608,800)

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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

Number of pages: 31 Posted: 15 May 2014
Nicolás E. Magud and Esteban Vesperoni
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 24 (622,356)

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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.

Monetary Policy Credibility and Exchange Rate Pass-Through

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 21 (643,320)
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

20.

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

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 19 (657,596)

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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

21.

Economic and Institutional Consequences of Populism

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 0 (819,352)
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