Deniz Igan

Former Head of Macroeconomic Analysis

Prior to joining the BIS, Deniz Igan held several positions at the International Monetary Fund, most recently as the Chief of the Systemic Issues Division in the Research Department, co-editor of IMF Research Perspectives and an adviser to the editor of the Finance & Development magazine. Her work has been published in various outlets, including policy-oriented academic journals such as NBER Macroeconomics Annual and Economic Policy. Deniz holds a PhD from Princeton University.

All BIS publications (21)

Monetary policy and housing markets: insights using a novel measure of housing supply elasticity
Publication 10 Dec 2024
Monetary policy and housing markets: insights using a novel measure of housing supply elasticity
The responsiveness of new housing supply to changes in house prices has declined over the past five decades.
By
Ryan Niladri Banerjee
,
Denis Gorea
,
Deniz Igan
and
Gabor Pinter
BIS Bulletin No 93
BIS Bulletin No 93 3 Oct 2024
Productivity in the post-pandemic world: old trend or new path?
Key takeawaysAfter rising during the pandemic, productivity growth has recently fallen back to or below pre-pandemic trends…
By
Deniz Igan
,
Tom Rosewall
and
Phurichai Rungcharoenkitkul
BIS Bulletin No 89 15 Jul 2024
Housing costs: a final hurdle in the last mile of disinflation?
Inflation receded from recent peaks, but housing cost growth remains elevated. This strength reflects pandemic-induced changes…
By
Ryan Niladri Banerjee
,
Denis Gorea
,
Deniz Igan
and
Gabor Pinter
BIS Bulletin No 88
BIS Bulletin No 88 6 Jun 2024
Resilience in emerging markets: what makes it, what could shake it?
Emerging market economies broke with the past by showing resilience in the face of rapid monetary tightening in advanced…
By
Bryan Hardy
,
Deniz Igan
and
Enisse Kharroubi
Sectoral price dynamics in the last mile of post-Covid-19 disinflation
Publication 4 Mar 2024
Sectoral price dynamics in the last mile of post-Covid-19 disinflation
A catch up of the relative prices of services to pre-pandemic trends would have important implications for inflation.
By
Pongpitch Amatyakul
,
Deniz Igan
and
Marco Jacopo Lombardi
Labour markets: what explains the resilience?
Publication 4 Dec 2023
Labour markets: what explains the resilience?
The post-pandemic recovery features significant tightness in labour markets – a situation where jobs are plentiful and…
By
Bernardus F Nazar Van Doornik
,
Deniz Igan
and
Enisse Kharroubi
BIS Working Paper No 1150 28 Nov 2023
Markups and the asymmetric pass-through of cost push shocks
This paper studies how prices and markups respond to cost push shocks, taking the example of global oil supply shocks. Using…
By
Enisse Kharroubi
,
Renée Spigt
,
Deniz Igan
,
Koji Takahashi
and
Egon Zakrajsek
BIS Working Paper No 1149 24 Nov 2023
Housing affordability: a new data set
The rapid increase in house prices in the past few years, including during the COVID-19 pandemic, raises concerns about housing…
By
Nina Biljanovska
,
Chenxu Fu
and
Deniz Igan
BIS Bulletin No 80
BIS Bulletin No 80 23 Nov 2023
Monetary policy, financial conditions and real activity: is this time different?
During the current monetary policy tightening episode, financial conditions co-moved closely with policy rates, especially in…
By
Fernando Avalos
,
Deniz Igan
,
Cristina Manea
and
Richhild Moessner

All external publications (32)

External publication 1 Jul 2024
Pricing protest: the response of financial markets to social unrest
By
Deniz Igan
,
Sophia Chen
,
Philip Barrett
,
Mali Chivakul
and
Mariia Bondar
External publication 16 Aug 2023
The lion's share: evidence from federal contracts on the value of political connections
By
Deniz Igan
and
Şenay Ağca
External publication 27 Mar 2023
Macroprudential policy effects: evidence and open questions
By
Deniz Igan
,
Erlend Nier
,
Maria Soledad Martinez Peria
,
Fabian Valencia
,
Gaston Gelos
,
Sophia Chen
and
Nina Biljanovska
External publication 1 Feb 2023
Does macroprudential policy alleviate the adverse impact of COVID-19 on the resilience of banks?
By
Deniz Igan
,
Ali Mirzaei
and
Tomoe Moore
External publication 1 Feb 2023
A shot in the arm: Economic support packages and firm performance during COVID-19
By
Deniz Igan
,
Ali Mirzaei
and
Tomoe Moore
External publication 1 Dec 2021
Government intervention and bank markups: Lessons from the global financial crisis for covid-19 crisis
By
Deniz Igan
,
Nicola Pierri
,
Maria Soledad Martinez Peria
,
Andrea F Presbitero
and
Brandon Tan
External publication 1 Oct 2020
The real effects of capital inflows in emerging markets
By
Deniz Igan
,
Ali Mirzaei
and
Ali M Kutan
External publication 1 Mar 2020
March madness in Wall Street: (what) does the market learn from stress tests?
By
Deniz Igan
and
Marcelo Pinheiro
External publication 1 Jan 2020
Does going tough on banks make the going get tough? Bank liquidity regulations, capital requirements, and sectoral activity
By
Deniz Igan
and
Ali Mirzaei

All videos (1)

00:02:05
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Labour markets: what explains the resilience?
Video 4 Dec 2023
Labour markets: what explains the resilience?
Labour markets recovered rapidly after the pandemic and in many countries, jobs are plentiful and available workers scarce.
By
Enisse Kharroubi
and
Deniz Igan

All podcasts (1)

00:10:57
240930_igan.jpg
Podcast 30 Sep 2024
Housing costs
Deniz Igan explains the drivers and implications of the strong growth of housing costs despite a decline in inflation.  Read…
By
Deniz Igan
0:00 0:00

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