Francisco Roch
Last Updated: July 30, 2023
Francisco Roch is an Senior Economist in the Systemic Issues Division at the Research Department. Previously, he worked in the African, Western Hemisphere, and the Strategy and Policy Review Departments. While on leave from the IMF during 2017-19, he was Deputy Manager of the Research Department at the Center for Latin American Monetary Studies (CEMLA), in Mexico. Associate Editor of the IMF Economic Review and the Latin American Journal of Central Banking. He holds a Ph.D. from the University of Chicago and has been at the IMF since 2012.
Email: FROCH@imf.org
Personal WebPage: https://sites.google.com/site/franroch/
Fluent In: Spanish.
Education:
Ph.D. in Economics, University of Chicago, 2012
M.A. in Economics, University of Chicago, 2008
B.A. in Economics, Universidad del CEMA (UCEMA), Buenos Aires, Argentina, 2005
Referee Activities:
American Economic Review, Econometrica, Journal of Political Economy, The Economic Journal, Macroeconomics Dynamics, AEJ: Macroeconomics, Journal of Money, Credit and Banking, Review of Economics and Statistics, Journal of Applied Economics, Review of Economic Dynamics, Journal of Economic Dynamics and Control, Monetaria, Economics Letters, Journal of International Economics, International Journal of Central Banking, Journal of Macroeconomics, Journal of Economic Studies, Journal of Banking and Finance, Public Finance Review, Applied Economics Letters, Economica.
Field of Expertise:
Macro-Financial Issues
Open Economy Macroeconomics
International Finance
IMF Books and Working Papers:
Integrated Monetary and Financial Policies for Small Open Economies , Working Paper No. 2023/161 , August 04, 2023
How Large is the Sovereign Greenium? , Working Paper No. 2023/080 , April 07, 2023
Debt Mutualization in the Euro Area: A Quantitative Exploration , Working Paper No. 2023/059 , March 17, 2023
Sovereign Climate Debt Instruments:An Overview of the Green and Catastrophe Bond Markets , Staff Climate Note No 2022/004 , July 07, 2022
Sovereign Debt , Working Paper No. 2022/122 , June 17, 2022
Sovereign Cocos , Working Paper No. 2022/078 , April 29, 2022
Numerical Fiscal Rules for Economic Unions: the Role of Sovereign Spreads , Working Paper No. 2021/196 , July 23, 2021
Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt , Working Paper No. 2021/076 , March 12, 2021
Robust Optimal Macroprudential Policy , Working Paper No. 2021/055 , February 26, 2021
Constrained Efficient Borrowing with Sovereign Default Risk , Working Paper No. 20/227 , November 08, 2020
A Conceptual Model for the Integrated Policy Framework , Working Paper No. 20/121 , July 07, 2020
The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru , Working Paper No. 17/208 , September 29, 2017
Housing Finance and Real Estate Markets in Colombia , Working Paper No. 17/190 , August 18, 2017
The Dynamics of Sovereign Debt Crises and Bailouts , Working Paper No. 16/136 , July 11, 2016
Fiscal Rules and the Sovereign Default Premium , Working Paper No. 12/30 , January 01, 2012
IMF Country Reports
Peru : 2017 Article IV Consultation-Press Release; and Staff Report
Peru : 2016 Article IV Consultation-Press Release; and Staff Report
Rwanda : Third Review Under the Policy Support Instrument
El Salvador : Staff Report for the 2013 Article IV Consultation
F&D articles
Other Published Materials
Where are all the GDP-linked bonds?
Toward an Integrated Policy Framework
IMF COUNTRY FOCUS: Peru's Future Growth Can be Lifted Through Structural Reforms
“Staying the Course,” Chapter 1 of the Sub-Saharan Africa Regional Economic Outlook, October 2014.
THE FUND'S LENDING FRAMEWORK AND SOVEREIGN DEBT—PRELIMINARY CONSIDERATIONS
Publications in Journals (Refereed)
Other Published Materials
VoxEU: "How Europe can jointly issue debt without direct transfers"
LSE Business Review: "GDP-linked bonds: why so few, and why so expensive?"
Foco Economico: "Bonos atados al PBI: ¿Por qué tan caros? ¿Por qué tan pocos?"
Francisco Roch is an Senior Economist in the Systemic Issues Division at the Research Department. Previously, he worked in the African, Western Hemisphere, and the Strategy and Policy Review Departments. While on leave from the IMF during 2017-19, he was Deputy Manager of the Research Department at the Center for Latin American Monetary Studies (CEMLA), in Mexico. Associate Editor of the IMF Economic Review and the Latin American Journal of Central Banking. He holds a Ph.D. from the University of Chicago and has been at the IMF since 2012.
Email: FROCH@imf.org
Personal WebPage: https://sites.google.com/site/franroch/
Fluent In: Spanish.
Education:
Ph.D. in Economics, University of Chicago, 2012
M.A. in Economics, University of Chicago, 2008
B.A. in Economics, Universidad del CEMA (UCEMA), Buenos Aires, Argentina, 2005
Referee Activities:
American Economic Review, Econometrica, Journal of Political Economy, The Economic Journal, Macroeconomics Dynamics, AEJ: Macroeconomics, Journal of Money, Credit and Banking, Review of Economics and Statistics, Journal of Applied Economics, Review of Economic Dynamics, Journal of Economic Dynamics and Control, Monetaria, Economics Letters, Journal of International Economics, International Journal of Central Banking, Journal of Macroeconomics, Journal of Economic Studies, Journal of Banking and Finance, Public Finance Review, Applied Economics Letters, Economica.
Field of Expertise:
Macro-Financial Issues
Open Economy Macroeconomics
International Finance
IMF Books and Working Papers:
Integrated Monetary and Financial Policies for Small Open Economies , Working Paper No. 2023/161 , August 04, 2023
How Large is the Sovereign Greenium? , Working Paper No. 2023/080 , April 07, 2023
Debt Mutualization in the Euro Area: A Quantitative Exploration , Working Paper No. 2023/059 , March 17, 2023
Sovereign Climate Debt Instruments:An Overview of the Green and Catastrophe Bond Markets , Staff Climate Note No 2022/004 , July 07, 2022
Sovereign Debt , Working Paper No. 2022/122 , June 17, 2022
Sovereign Cocos , Working Paper No. 2022/078 , April 29, 2022
Numerical Fiscal Rules for Economic Unions: the Role of Sovereign Spreads , Working Paper No. 2021/196 , July 23, 2021
Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt , Working Paper No. 2021/076 , March 12, 2021
Robust Optimal Macroprudential Policy , Working Paper No. 2021/055 , February 26, 2021
Constrained Efficient Borrowing with Sovereign Default Risk , Working Paper No. 20/227 , November 08, 2020
A Conceptual Model for the Integrated Policy Framework , Working Paper No. 20/121 , July 07, 2020
The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru , Working Paper No. 17/208 , September 29, 2017
Housing Finance and Real Estate Markets in Colombia , Working Paper No. 17/190 , August 18, 2017
The Dynamics of Sovereign Debt Crises and Bailouts , Working Paper No. 16/136 , July 11, 2016
Fiscal Rules and the Sovereign Default Premium , Working Paper No. 12/30 , January 01, 2012
IMF Country Reports
Peru : 2017 Article IV Consultation-Press Release; and Staff Report
Peru : 2016 Article IV Consultation-Press Release; and Staff Report
Rwanda : Third Review Under the Policy Support Instrument
El Salvador : Staff Report for the 2013 Article IV Consultation
F&D articles
Other Published Materials
Where are all the GDP-linked bonds?
Toward an Integrated Policy Framework
IMF COUNTRY FOCUS: Peru's Future Growth Can be Lifted Through Structural Reforms
“Staying the Course,” Chapter 1 of the Sub-Saharan Africa Regional Economic Outlook, October 2014.
THE FUND'S LENDING FRAMEWORK AND SOVEREIGN DEBT—PRELIMINARY CONSIDERATIONS
Publications in Journals (Refereed)
Other Published Materials
VoxEU: "How Europe can jointly issue debt without direct transfers"
LSE Business Review: "GDP-linked bonds: why so few, and why so expensive?"
Foco Economico: "Bonos atados al PBI: ¿Por qué tan caros? ¿Por qué tan pocos?"