Gaston Gelos is Deputy Head of the Monetary and Economic Department and Head of Financial Stability at the Bank for International Settlements (BIS). Until August 2023, he was an Assistant Director at the Western Hemisphere Department of the IMF. Prior to that, he was the Chief of the Monetary and Macroprudential Policies Division, and before that, of the Global Financial Stability Analysis. Division, where he led the work on the analytical chapters of the IMF’s Global Financial Stability Report. Previously, he held a variety of other positions at the IMF, including as Resident Representative to Argentina and Uruguay. His research includes work on capital flows, financial stability, and monetary policy, and has been published widely in leading academic journals. He holds a Ph.D. from Yale University and a Diplom from Bonn University. He is a CEPR Research Fellow.

VoxEU Column
Household expectations help predict inflation
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- Inflation 
- Monetary Policy

VoxEU Column
High debt levels can hinder the fight against inflation
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- Inflation 
- Monetary Policy

VoxEU Column
Macroprudential policies are effective, with limited side effects – but open questions remain
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- Macroeconomic policy

VoxEU Column
COVID-19 in emerging markets: Escaping the monetary policy procyclicality trap
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- COVID-19 
- Development 
- Monetary Policy

VoxEU Column
Leaning against the wind: An empirical cost-benefit analysis
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- Financial Regulation and Banking 
- Monetary Policy