Daniel Rees

Daniel Rees

Head of Central Bank Cooperation
Monetary and Economic Department
daniel.rees@bis.org

Daniel Rees was appointed Head of Central Bank Cooperation in July 2025 after serving as Adviser to the General Manager between 2022 and 2025. Prior to this, he worked as Principal Economist in the Macroeconomic Analysis Unit of the Monetary and Economic Department, having joined the BIS in 2019. He has published research on a range of topics related to international macroeconomics, structural change and applied macroeconomic modelling. Before joining the BIS, Daniel worked at the Reserve Bank of Australia, where he was Head of Macroeconomic Modelling. He holds a PhD in economics from MIT.

All BIS publications (28)

BIS Working Paper No 1156 20 Dec 2023
Monetary policy frameworks away from the ELB
We evaluate the performance of alternative monetary policy rules during and after the post-pandemic inflation surge...
By
Fiorella De Fiore
,
Benoit Mojon
,
Daniel Rees
and
Damiano Sandri
BIS Bulletin No 82
BIS Bulletin No 82 20 Dec 2023
The contribution of monetary policy to disinflation
Much of the inflation increase in 2021 and 2022 was due to sectoral shocks on which monetary policy has close to no traction…
By
Pongpitch Amatyakul
,
Fiorella De Fiore
,
Marco Jacopo Lombardi
,
Benoit Mojon
and
Daniel Rees
BIS Bulletin No 74
BIS Bulletin No 74 13 Apr 2023
The changing nexus between commodity prices and the dollar: causes and implications
Commodity prices and the US dollar have moved in tandem recently, in contrast to their usual statistical pattern of moving in…
By
Boris Hofmann
,
Deniz Igan
and
Daniel Rees
BIS Working Paper No 1083 15 Mar 2023
Commodity prices and the US Dollar
In the aftermath of the Covid pandemic rising commodity prices went hand-in-hand with a strengthening US dollar. This was a…
By
Daniel Rees
BIS Working Paper No 1076 23 Feb 2023
The shape of business cycles: a cross-country analysis of Friedman's plucking theory
Our paper presents new evidence on the shape of business cycles in advanced economies. We compare real-life patterns with the…
By
Emanuel Kohlscheen
,
Richhild Moessner
and
Daniel Rees
BIS Bulletin No 60 16 Sep 2022
Inflation indicators amid high uncertainty
In a low-inflation regime, inflation is driven largely by sector-specific price changes, with little effect on price- and wage…
By
Fiorella De Fiore
,
Marco Jacopo Lombardi
and
Daniel Rees
BIS Bulletin No 54
BIS Bulletin No 54 18 May 2022
Commodity market disruptions, growth and inflation
Higher commodity prices will erode global growth, as the modest growth boost for commodity exporters will only partly offset…
By
Deniz Igan
,
Emanuel Kohlscheen
,
Gabriela Nodari
and
Daniel Rees
BIS Bulletin No 53
BIS Bulletin No 53 4 May 2022
Are major advanced economies on the verge of a wage-price spiral?
Inflation has returned, reaching levels not seen in decades. Whether inflation enters a persistently higher regime will depend…
By
Frederic Boissay
,
Fiorella De Fiore
,
Deniz Igan
,
Albert Pierres Tejada
and
Daniel Rees
Global growth: drivers and post-pandemic prospects
Publication 28 Feb 2022
Global growth: drivers and post-pandemic prospects
In this feature, the authors analyse potential global GDP paths following the Covid-19 crisis. Without policy intervention,…
By
Gabriela Nodari
,
Daniel Rees
and
Phurichai Rungcharoenkitkul

All external publications (8)

External publication 15 Sep 2025
Commodity prices and the US dollar
By
Daniel Rees
External publication 20 Jun 2025
The two faces of inflation: classifying high- and low-inflation regimes based on a century of data
By
Douglas Kiarelly Godoy de Araujo
,
Daniel Rees
,
Christian Schmieder
,
Rafael Schmidt
and
Alberto Americo
External publication 1 Mar 2025
Monetary policy frameworks away from the ELB
By
Benoit Mojon
,
Damiano Sandri
,
Fiorella De Fiore
and
Daniel Rees
External publication 1 May 2024
The shape of business cycles: a cross-country analysis of Friedman's plucking theory
By
Richhild Moessner
,
Emanuel Kohlscheen
and
Daniel Rees
External publication 19 Jul 2021
International spillovers of forward guidance shocks
By
Daniel Rees
,
Callum Jones
and
Mariano Kulish
External publication 1 Mar 2020
Wealth and consumption in Australia
By
Daniel Rees
,
Gabriela Nodari
and
Diego May
External publication 1 Jan 2019
MARTIN has its place: a macroeconometric model of the Australian economy
By
Daniel Rees
,
Gabriela Nodari
,
Alexander Ballantyne
,
Tom Cusbert
,
Richard Evans
,
Rochelle Guttmann
,
Jonathan Hambur
,
Adam Hamilton
,
Elizabeth Kendall
and
Rachael McCririck
External publication 1 Sep 2017
Unprecedented changes in the terms of trade
By
Daniel Rees
and
Mariano Kulish

All videos (1)

00:01:59
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Global growth: drivers and post-pandemic prospects
Video 28 Feb 2022
Global growth: drivers and post-pandemic prospects
How will the global economy emerge from the pandemic? Our economists look at possible scenarios for the coming decades by…
By
Daniel Rees
and
Gabriela Nodari

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