In my first rotation in the Economist Program (EP) at the IMF, I was part of the Mexico and Regional Studies teams in the Western Hemisphere department.
For the Mexico team I contributed to the 2025 Article IV by covering the real sector and authoring two analytical annexes on productivity growth. In the first annex, I explored Mexico's slow productivity growth since 2000, documenting that it was faster in industries with stronger export demand but not in industries with strong FDI. The second annex explores the impact of rising minimum wages in Mexico.
For the Regional Studies team I co-authored the chapter on Business Dynamism in the 2025 Regional Economic Outlook, where we explore the sources the low productivity and slow productivity growth in Latin America since the early 2000s. We find that misallocation contributes significantly to low productivity levels, while slow productivity growth is primarily attributable to weak productivity improvements among incumbent firms.
My work on misallocation in the R&D sector is featured in the 2025 IMF Research Perspectives publication, where I had the chance to summarize two of my recent research papers for a policy-oriented audience:
"Did R&D Misallocation Contribute to Slower Growth?"
"Does Monopsony Matter for Innovation?"
The publication also summarizes the work of my colleagues on a range of issues, including industrial policy, capital investment, and the allocation of talent in the economy. Check it out!