Martin Schindler
Last Updated: December 31, 2024
Martin Schindler currently is Deputy Division Chief and Mission Chief in the African Department. During his career, he has contributed to the IMF’s surveillance, lending, analytical and capacity development work, covering low-income, emerging and advanced economies on four continents. He is the lead editor of the IMF book on Jobs and Growth: Supporting the European Recovery and co-editor of the IMF book on How to Achieve Inclusive Growth; he has also published in the fields of monetary and labor economics, economic growth and financial integration in leading economic journals, including the Journal of Monetary Economics, the Journal of International Economics, the European Economic Review, and the IMF Economic Review, among others. He holds a Ph.D. in economics from the University of Pennsylvania.
Email: MSCHINDLER@imf.org
Fluent In: French, German, Italian.
Education:
Ph.D., University of Pennsylvania
Diplom-Kaufmann (MBA), Universität des Saarlandes (Germany)
Work in progress:
“Specific Human Capital: Evidence from Displaced Workers?”
“Argentina's Growth: A Puzzle?” (with A. Mody), 2005, draft available upon request.
IMF Books and Working Papers:
Macroprudential Policies and Capital Controls Over Financial Cycles , Working Paper No. 2023/171 , August 25, 2023
Technological Progress, Artificial Intelligence, and Inclusive Growth , Working Paper No. 2021/166 , June 11, 2021
Inclusivity in the Labor Market , IMF Working Paper No. 2021/141 , May 19, 2021
Capital Controls and the Cost of Debt , Working Paper No. 17/135 , June 09, 2017
Capital Control Measures: A New Dataset , Working Paper No. 15/80 , April 22, 2015
Jobs and Growth , April 10, 2014
Labor Market Regulations in Low-, Middle- and High-Income Countries : A New Panel Database , Working Paper No. 11/154 , July 01, 2011
Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis , Working Paper No. 11/27 , February 01, 2011
Growth and Structural Reforms: A New Assessment , Working Paper No. 09/284 , December 01, 2009
Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows , Working Paper No. 09/208 , September 01, 2009
Who Benefits from Capital Account Liberalization? Evidence from Firm-Level Credit Ratings Data , Working Paper No. 09/210 , September 01, 2009
Fiscal Multipliers , Staff Position Note No. 2009/11 , May 20, 2009
Fiscal Multipliers , Staff Position Note No. 2009/11 , May 20, 2009
Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis , Staff Position Note No. 2009/10 , May 14, 2009
Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis , Staff Position Note No. 2009/10 , May 14, 2009
The Italian Labor Market: Recent Trends, Institutions, and Reform Options , Working Paper No. 09/47 , March 01, 2009
Reaping the Benefits of Financial Globalization , Occasional Paper No. 264 , December 16, 2008
Equilibrium Wage Dispersion: An Example , Working Paper No. 06/19 , January 01, 2006
Turkey at the Crossroads: From Crisis Resolution to EU Accession , Occasional Paper No. 242 , September 19, 2005
Alternative Models of Wage Dispersion , Working Paper No. 05/64 , March 01, 2005
IMF Occasional Papers, Pamphlets, and Special Issues Papers
F&D articles
“Course Correction,” Book Review of Cogs and Monsters: What Economics Is, and What It Should Be by Diane Coyle (Princeton University Press, 2021) in Finance & Development, September 2021, p. 67.
“A Long Shadow over Growth” (with Helge Berger), Finance & Development 51(1), 2014.
“Return to Form” (with Helge Berger), Finance & Development 47(3), 2010.
Other Published Materials
“Measures of Financial Integration,” 2009, IMF Research Bulletin 10:1, pp. 1–3.
“Labor Market Performance and Policy Effectiveness,” 2005, IMF Research Bulletin 6:2, pp. 1–5.
Books
Publications in Journals (Refereed)
“Capital Controls and the Cost of Debt” (with Eugenia Andreasen and Patricio Valenzuela), IMF Economic Review 67:2, June 2019, pp. 288–314.
“Capital Control Measures: A New Dataset” (with Andrés Fernández, Michael W. Klein, Alessandro Rebucci, and Martín Uribe), IMF Economic Review 64:3, August 2016, pp. 548–574.
“Capital Control Measures: A New Dataset” (with Andrés Fernández, Michael W. Klein, Alessandro Rebucci, and Martín Uribe), IMF Economic Review 64:3, August 2016, pp. 548–574.
“Growth and Structural Reforms: A New Assessment” (with Lone Christiansen and Thierry Tressel), Journal of International Economics 89, 2013, pp. 347–356.
“Who Benefits from Capital Account Liberalization? Evidence from Firm-Level Credit Ratings Data” (with Alessandro Prati and Patricio Valenzuela), Journal of International Money and Finance 31:6, 2012, pp. 1649–1673.
“Assessing Measures of Financial Openness and Integration” (with Dennis Quinn and A. Maria Toyoda), IMF Economic Review 59:3, 2011, pp. 488–522.
“Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows” (with Mahir Binici and Michael Hutchison), Journal of International Money and Finance 29:4, June 2010, pp. 666–684.
“Measuring Financial Integration: A New Data Set,” IMF Staff Papers 56:1, 2009, pp. 222–238.
“Equilibrium Wage Dispersion: An Example” (with Damien Gaumont and Randall Wright), B.E. Journals, Topics in Macroeconomics 6:2, 2006, Article 11.
“Alternative Theories of Wage Dispersion” (with Damien Gaumont and Randall Wright), European Economic Review 50:4, 2006, pp. 831–48.
“The Welfare Costs of Worker Displacement” (with Richard Rogerson), Journal of Monetary Economics 49:6, 2002, pp. 1213–34.
“Generalized Search-Theoretic Models of Monetary Exchange” (with Peter Rupert and Randall Wright), Journal of Monetary Economics 48:3, 2001, pp. 605–22.
“The Search-Theoretic Approach to Monetary Economics: A Primer” (with Peter Rupert, Andrei Shevchenko and Randall Wright), Federal Reserve Bank of Cleveland Economic Review 36:4, 2000, pp. 10–28.
Publications in Books and Conference Volumes
“Technological Progress, Artificial Intelligence, and Inclusive Growth” (with Anton Korinek and Joseph Stiglitz), Chapter 5 in How to Achieve Inclusive Growth, edited by Valerie Cerra, Barry Eichengreen, Asmaa El-Ganainy, and Martin Schindler, Oxford University Press, 2021. [Also published as IMF WP 21/166.]
“Inclusivity in the Labor Market” (with Asmaa El-Ganainy, Ekkehard Ernst, Rossana Merola, and Richard Rogerson), Chapter 3 in How to Achieve Inclusive Growth, edited by Valerie Cerra, Barry Eichengreen, Asmaa El-Ganainy, and Martin Schindler, Oxford University Press, 2021. [Also published as IMF WP 21/141.]
"Jobs and Growth: Supporting the European Recovery" (with Helge Berger), Chapter 1 in: Schindler et al. (Eds.), Jobs and Growth: Supporting the European Recovery, 2014, Washington D.C.: International Monetary Fund.
"The Crisis Impact on Potential Growth in Germany: The Nature of the Shock Matters," Chapter 1 in: Ashoka Mody (Ed.), Germany in an Interconnected World, 2013, Washington D.C.: International Monetary Fund.
"What Does The Crisis Tell Us About The German Labor Market?," Chapter 3 in: Ashoka Mody (Ed.), Germany in an Interconnected World, 2013, Washington D.C.: International Monetary Fund.
"Measurements of Capital and Financial Current Account Openness" (with Dennis Quinn and Maria Toyoda), Chapter 2 in The Evidence and Impact of Financial Globalization, 2012, Academic Press: San Diego, pp. 15–34.
"Measuring Financial Integration: A New Data Set," reprinted as Chapter 7 in Macrofinancial Linkages: Trends, Crises, and Policies, edited by Christopher Crowe, Simon Johnson, Jonathan D. Ostry, and Jeromin Zettelmeyer, Washington D.C.: International Monetary Fund, pp.179–196.
"Alternative Theories of Wage Dispersion" (with Damien Gaumont and Randall Wright), reprinted as Chapter 3 in Contributions to Economic Analysis: Structural Models of Wage and Employment Dynamics, Conference Volume in Honor of Dale T. Mortensen, edited by Henning Bunzel, Bent J. Christensen, George R. Neumann and Jean-Marc Robin, Elsevier: North-Holland, pp. 61–82.
Other Published Materials
“Measures of Financial Integration,” 2009, IMF Research Bulletin 10:1, pp. 1-3.
“Alternative Theories of Wage Dispersion” (with D. Gaumont and R. Wright), 2006, in Contributions to Economic Analysis: Structural Models of Wage and Employment Dynamics, edited by Henning Bunzel, Bent J. Christensen, George R. Neumann and Jean-Marc Robin, Elsevier, pp. 61-82.
“Financial Crises and Growth,” 2005, in Thailand: Selected Issues and Statistical Appendix, SM/05/319, Washington: International Monetary Fund.
“Labor Market Performance and Policy Effectiveness,” 2005, IMF Research Bulletin 6:2, pp. 1-5.
“Argentina's Growth: A Puzzle?” (with A. Mody), 2005, in Argentina: Selected Issues and Statistical Appendix, SM/05/202, Washington: International Monetary Fund.
“Labor Market Duality and Possible Reform,” 2003, in Kenya: Selected Issues and Statistical Appendix, SM/03/147, Washington: International Monetary Fund.
“Exchange Rate Policy and Management,” 2003, in Eritrea: Selected Issues and Statistical Appendix, SM/03/146, Washington: International Monetary Fund.
Martin Schindler currently is Deputy Division Chief and Mission Chief in the African Department. During his career, he has contributed to the IMF’s surveillance, lending, analytical and capacity development work, covering low-income, emerging and advanced economies on four continents. He is the lead editor of the IMF book on Jobs and Growth: Supporting the European Recovery and co-editor of the IMF book on How to Achieve Inclusive Growth; he has also published in the fields of monetary and labor economics, economic growth and financial integration in leading economic journals, including the Journal of Monetary Economics, the Journal of International Economics, the European Economic Review, and the IMF Economic Review, among others. He holds a Ph.D. in economics from the University of Pennsylvania.
Email: MSCHINDLER@imf.org
Fluent In: French, German, Italian.
Education:
Ph.D., University of Pennsylvania
Diplom-Kaufmann (MBA), Universität des Saarlandes (Germany)
Work in progress:
“Specific Human Capital: Evidence from Displaced Workers?”
“Argentina's Growth: A Puzzle?” (with A. Mody), 2005, draft available upon request.
IMF Books and Working Papers:
Macroprudential Policies and Capital Controls Over Financial Cycles , Working Paper No. 2023/171 , August 25, 2023
Technological Progress, Artificial Intelligence, and Inclusive Growth , Working Paper No. 2021/166 , June 11, 2021
Inclusivity in the Labor Market , IMF Working Paper No. 2021/141 , May 19, 2021
Capital Controls and the Cost of Debt , Working Paper No. 17/135 , June 09, 2017
Capital Control Measures: A New Dataset , Working Paper No. 15/80 , April 22, 2015
Jobs and Growth , April 10, 2014
Labor Market Regulations in Low-, Middle- and High-Income Countries : A New Panel Database , Working Paper No. 11/154 , July 01, 2011
Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis , Working Paper No. 11/27 , February 01, 2011
Growth and Structural Reforms: A New Assessment , Working Paper No. 09/284 , December 01, 2009
Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows , Working Paper No. 09/208 , September 01, 2009
Who Benefits from Capital Account Liberalization? Evidence from Firm-Level Credit Ratings Data , Working Paper No. 09/210 , September 01, 2009
Fiscal Multipliers , Staff Position Note No. 2009/11 , May 20, 2009
Fiscal Multipliers , Staff Position Note No. 2009/11 , May 20, 2009
Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis , Staff Position Note No. 2009/10 , May 14, 2009
Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis , Staff Position Note No. 2009/10 , May 14, 2009
The Italian Labor Market: Recent Trends, Institutions, and Reform Options , Working Paper No. 09/47 , March 01, 2009
Reaping the Benefits of Financial Globalization , Occasional Paper No. 264 , December 16, 2008
Equilibrium Wage Dispersion: An Example , Working Paper No. 06/19 , January 01, 2006
Turkey at the Crossroads: From Crisis Resolution to EU Accession , Occasional Paper No. 242 , September 19, 2005
Alternative Models of Wage Dispersion , Working Paper No. 05/64 , March 01, 2005
IMF Occasional Papers, Pamphlets, and Special Issues Papers
F&D articles
“Course Correction,” Book Review of Cogs and Monsters: What Economics Is, and What It Should Be by Diane Coyle (Princeton University Press, 2021) in Finance & Development, September 2021, p. 67.
“A Long Shadow over Growth” (with Helge Berger), Finance & Development 51(1), 2014.
“Return to Form” (with Helge Berger), Finance & Development 47(3), 2010.
Other Published Materials
“Measures of Financial Integration,” 2009, IMF Research Bulletin 10:1, pp. 1–3.
“Labor Market Performance and Policy Effectiveness,” 2005, IMF Research Bulletin 6:2, pp. 1–5.
Books
Publications in Journals (Refereed)
“Capital Controls and the Cost of Debt” (with Eugenia Andreasen and Patricio Valenzuela), IMF Economic Review 67:2, June 2019, pp. 288–314.
“Capital Control Measures: A New Dataset” (with Andrés Fernández, Michael W. Klein, Alessandro Rebucci, and Martín Uribe), IMF Economic Review 64:3, August 2016, pp. 548–574.
“Capital Control Measures: A New Dataset” (with Andrés Fernández, Michael W. Klein, Alessandro Rebucci, and Martín Uribe), IMF Economic Review 64:3, August 2016, pp. 548–574.
“Growth and Structural Reforms: A New Assessment” (with Lone Christiansen and Thierry Tressel), Journal of International Economics 89, 2013, pp. 347–356.
“Who Benefits from Capital Account Liberalization? Evidence from Firm-Level Credit Ratings Data” (with Alessandro Prati and Patricio Valenzuela), Journal of International Money and Finance 31:6, 2012, pp. 1649–1673.
“Assessing Measures of Financial Openness and Integration” (with Dennis Quinn and A. Maria Toyoda), IMF Economic Review 59:3, 2011, pp. 488–522.
“Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows” (with Mahir Binici and Michael Hutchison), Journal of International Money and Finance 29:4, June 2010, pp. 666–684.
“Measuring Financial Integration: A New Data Set,” IMF Staff Papers 56:1, 2009, pp. 222–238.
“Equilibrium Wage Dispersion: An Example” (with Damien Gaumont and Randall Wright), B.E. Journals, Topics in Macroeconomics 6:2, 2006, Article 11.
“Alternative Theories of Wage Dispersion” (with Damien Gaumont and Randall Wright), European Economic Review 50:4, 2006, pp. 831–48.
“The Welfare Costs of Worker Displacement” (with Richard Rogerson), Journal of Monetary Economics 49:6, 2002, pp. 1213–34.
“Generalized Search-Theoretic Models of Monetary Exchange” (with Peter Rupert and Randall Wright), Journal of Monetary Economics 48:3, 2001, pp. 605–22.
“The Search-Theoretic Approach to Monetary Economics: A Primer” (with Peter Rupert, Andrei Shevchenko and Randall Wright), Federal Reserve Bank of Cleveland Economic Review 36:4, 2000, pp. 10–28.
Publications in Books and Conference Volumes
“Technological Progress, Artificial Intelligence, and Inclusive Growth” (with Anton Korinek and Joseph Stiglitz), Chapter 5 in How to Achieve Inclusive Growth, edited by Valerie Cerra, Barry Eichengreen, Asmaa El-Ganainy, and Martin Schindler, Oxford University Press, 2021. [Also published as IMF WP 21/166.]
“Inclusivity in the Labor Market” (with Asmaa El-Ganainy, Ekkehard Ernst, Rossana Merola, and Richard Rogerson), Chapter 3 in How to Achieve Inclusive Growth, edited by Valerie Cerra, Barry Eichengreen, Asmaa El-Ganainy, and Martin Schindler, Oxford University Press, 2021. [Also published as IMF WP 21/141.]
"Jobs and Growth: Supporting the European Recovery" (with Helge Berger), Chapter 1 in: Schindler et al. (Eds.), Jobs and Growth: Supporting the European Recovery, 2014, Washington D.C.: International Monetary Fund.
"The Crisis Impact on Potential Growth in Germany: The Nature of the Shock Matters," Chapter 1 in: Ashoka Mody (Ed.), Germany in an Interconnected World, 2013, Washington D.C.: International Monetary Fund.
"What Does The Crisis Tell Us About The German Labor Market?," Chapter 3 in: Ashoka Mody (Ed.), Germany in an Interconnected World, 2013, Washington D.C.: International Monetary Fund.
"Measurements of Capital and Financial Current Account Openness" (with Dennis Quinn and Maria Toyoda), Chapter 2 in The Evidence and Impact of Financial Globalization, 2012, Academic Press: San Diego, pp. 15–34.
"Measuring Financial Integration: A New Data Set," reprinted as Chapter 7 in Macrofinancial Linkages: Trends, Crises, and Policies, edited by Christopher Crowe, Simon Johnson, Jonathan D. Ostry, and Jeromin Zettelmeyer, Washington D.C.: International Monetary Fund, pp.179–196.
"Alternative Theories of Wage Dispersion" (with Damien Gaumont and Randall Wright), reprinted as Chapter 3 in Contributions to Economic Analysis: Structural Models of Wage and Employment Dynamics, Conference Volume in Honor of Dale T. Mortensen, edited by Henning Bunzel, Bent J. Christensen, George R. Neumann and Jean-Marc Robin, Elsevier: North-Holland, pp. 61–82.
Other Published Materials
“Measures of Financial Integration,” 2009, IMF Research Bulletin 10:1, pp. 1-3.
“Alternative Theories of Wage Dispersion” (with D. Gaumont and R. Wright), 2006, in Contributions to Economic Analysis: Structural Models of Wage and Employment Dynamics, edited by Henning Bunzel, Bent J. Christensen, George R. Neumann and Jean-Marc Robin, Elsevier, pp. 61-82.
“Financial Crises and Growth,” 2005, in Thailand: Selected Issues and Statistical Appendix, SM/05/319, Washington: International Monetary Fund.
“Labor Market Performance and Policy Effectiveness,” 2005, IMF Research Bulletin 6:2, pp. 1-5.
“Argentina's Growth: A Puzzle?” (with A. Mody), 2005, in Argentina: Selected Issues and Statistical Appendix, SM/05/202, Washington: International Monetary Fund.
“Labor Market Duality and Possible Reform,” 2003, in Kenya: Selected Issues and Statistical Appendix, SM/03/147, Washington: International Monetary Fund.
“Exchange Rate Policy and Management,” 2003, in Eritrea: Selected Issues and Statistical Appendix, SM/03/146, Washington: International Monetary Fund.