Asian Development Bank
PPT: Demystifying Government Deficits and Central bank Financing
Working Paper: An Analysis of the Worldwide Response to the COVID-19 Pandemic: What and How Much?
PPT: The PRC's Monetization Debate
Op-ed: There Are Reasons Not to Fear Fiscal Deficits and Central Bank Financing
ADB COVID-19 Policy Database
PPT: Government Deficits and Central Bank Financing in the COVID-19 Era: Evil or Blessing in Disguise?
About Jesus Felipe
I am Advisor to the Chief Economist, in the Economic Research and Regional Cooperation Department of the Asian Development Bank (ADB), Manila, Philippines, where I have worked since 1996. My main functions are to advise ADB’s Chief Economist on development issues at large and, specifically, on their implications for both ADB’s operations and for policy dialogue with the Bank’s developing member countries; and to lead the work program on “Asia’s Economic Transformation”. I have travelled extensively throughout Asia and participated in many policy discussions with Governments and provided advice on the design of development plans.
I have held academic positions with the Hong Kong University of Science and Technology(Hong Kong, PRC) during 1995-1996, and with the Georgia Institute of Technology (Atlanta, USA), during 1999-2002 (while I was on leave from ADB). I undertook my undergraduate studies in Spain at the Universidad Autónoma de Madrid. I hold M.A. degrees from the International University of Japan and from the University of Pennsylvania, and a Ph.D. from the University of Pennsylvania.
My research interests spread across areas such as long-run growth in Asia (especially the debate on the sources of growth), the dynamics of structural change, industrial policy, inclusive growth and full employment, the impact of technology on employment, productivity, technological progress, the functional distribution of income, business cycles, and the path of profit rates.
My most recent book is entitled Development and Modern Industrial Policy in Practice: Issues and Country Experiences (Edward Elgar, 2015). Previously, I published a book on the (lack of) theoretical foundations of the aggregate production function (the aggregation problem), and implications for empirical analyses (for example in the fields of growth or employment), entitled The Aggregate Production Function and the Measurement of Technical Change: ‘Not Even Wrong’ (Edward Elgar, 2013). In 2009, I published Inclusive Growth, Full Employment and Structural Change. Implications and Policies for Developing Asia (Anthem Press, 2009). And I have also co-authored and co-edited a book entitled Labor Markets in Asia: Issues and Perspectives (Palgrave Macmillan, 2006). This book was selected in 2006 by Princeton University as one of the Noteworthy Books in Industrial Relations and Labor Economics.
I have published over 80 research articles in (among others) Applied Economics, Cambridge Journal of Economics, Eastern Economic Journal, Economics of Education Review, International Review of Applied Economics, Japan and the World Economy, Journal of Comparative Economics, Journal of Development Studies, Journal of Income Distribution, Journal of the Japanese and International Economies, Journal of Post Keynesian Economics, Metroeconomica, Oxford Development Studies, Structural Change and Economic Dynamics, and World Development.
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