Regular biography
Francisco Ruge-Murcia is a Professor in the Department of Economics at McGill University. His research focuses on macroeconomics. He holds a Ph.D. and M.A. in Economics from the University of Virginia, USA, as well as a B.Sc. in Industrial Engineering from Universidad Industrial de Santander, Colombia. He has served as President of the Canadian Economics Association from 2021 to 2022. His academic profile can be accessed at https://www.mcgill.ca/economics/francisco-ruge-murcia.
Scholar-generated biography
Francisco Ruge-Murcia is a researcher in macroeconomics and econometrics, focusing on dynamic stochastic general equilibrium (DSGE) models, monetary policy, and inflation dynamics. His work explores the transmission mechanisms of monetary policy, the role of inflation targeting, and the impact of nonlinear policy rules. He investigates how central banks can mitigate inflation bias and enhance policy credibility, particularly in the context of asymmetric preferences and preference heterogeneity. His research also examines the effects of wage rigidities, sectoral price rigidity, and exchange rate regime transitions on macroeconomic stability. By employing advanced econometric methods, including the simulated method of moments, Ruge-Murcia contributes to understanding business cycles and the efficiency of monetary policy frameworks.