Editor
Andrei Levchenko, University of Michigan, USA

Co-Editors
Emine Boz, International Monetary Fund, USA

Associate Editors
Itai Agur, International Monetary Fund, USA
Rudolfs Bems, International Monetary Fund, USA
Sophia Chen, International Monetary Fund, USA
Juan Passadore, International Monetary Fund, USA
Adrian Peralta Alva, International Monetary Fund, USA
Andrea Presbitero, International Monetary Fund, USA
Francisco Roch, International Monetary Fund, USA

Senior Editorial Assistant
Tracey Lookadoo, International Monetary Fund, USA

Assistant Editor
Patricia Loo, International Monetary Fund, USA

Editorial Board

Stijn Claessens, Bank for International Settlements, Switzerland

Javier Cravino, University of Michigan, USA

Galina Hale, Federal Reserve Bank of San Francisco, USA

Ethan Ilzetzki, London School of Economics, UK

William Lincoln, Claremont McKenna College, USA

Gian Maria Milesi-Ferretti, Brookings Institution, USA

Tommaso Monacelli, Università Bocconi, Italy

Nitya Pandalai-Nayar, University of Texas, Austin, USA

Chris Papageorgiou, International Monetary Fund, USA

Christian Proebsting, KU Leuven, Belgium

Pau Rabanal, International Monetary Fund, USA

Antonio Spilimbergo, International Monetary Fund, USA

Linda Tesar, University of Michigan, USA

Petia Topalova, International Monetary Fund, USA

Vivian Yue, Emory University, USA

Jing Zhang, Federal Reserve Bank of Chicago, USA