Ms. Filiz D Unsal

Climate Change and Chronic Food Insecurity in Sub-Saharan Africa

Climate change is intensifying food insecurity across sub-Saharan Africa (SSA) with lasting adverse macroeconomic effects, especially on economic grow...

Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment

This paper analyzes the domestic and external drivers of local staple food prices in Sub-Saharan Africa. Using data on domestic market prices of the f...

Macroprudential Policy, Incomplete Information and Inequality

The case of Low-Income and Developing Countries

In this paper, we use a DSGE model to study the passive and time-varying implementation of macroprudential policy when policymakers have noisy and lag...

Strengthening Monetary Policy Frameworks in the Caucasus and Central Asia

Amidst a global backdrop of persistent post-COVID inflation and spillovers from Russia’s war in Ukraine, the countries of the Caucasus and Central A...

Macroeconomic Research in Low-income Countries

Advances Made in Five Key Areas Through a DFID-IMF Collaboration

Despite strong economic growth since 2000, many low-income countries (LICs) still face numerous macroeconomic challenges, even prior to the COVID-19 p...

Who are Central Banks? Gender, Human Resources, and Central Banking

Central banks, as the epitome of the economics profession and the main paragon of public institutions, can reveal key insights into gender patterns. W...

Coping with Climate Shocks: Food Security in a Spatial Framework

We develop a quantitative spatial general equilibrium model with heterogeneous house-holds and multiple locations to study households’ vulnerability...

Integrated Monetary and Financial Policies for Small Open Economies

We develop a tractable small-open-economy framework to characterize the constrained efficient use of the policy rate, foreign exchange (FX) interventi...

Inequality and Poverty in India: Impact of COVID-19 Pandemic and Policy Response

Using microdata from nationally representative household and labor force surveys, we study the impact and drivers of poverty and inequality in India d...

A Conceptual Model for the Integrated Policy Framework

In the Mundell-Fleming framework, standard monetary policy and exchange rate flexibility fully insulate economies from shocks. However, that framework...

Global Financial Crisis, Financial Contagion and Emerging Markets

"The recent global financial crisis was the first in recent history that was triggered by problems in the financial system of the mature economies. Ex...