Headshot of Martín Castellano

Martín Castellano

Head of LATAM Research

Martin Castellano joined the IIF as a Senior Economist in June 2011 after more than a decade at the Central Bank of Argentina delivering applied macroeconomic research. At the Central Bank he held a number of key senior positions, including the Governor’s Chief of Staff, Deputy Head of Economic Research and Executive Counselor to the Governor between 1999 and 2010. Mr. Castellano has actively taken part in international central bank gatherings delivering presentations on macroeconomic issues to a variety of audiences.

Previously, as a GFOA Cecil Partee Fellow and Management Fellow, he advised several local governments in the United States on public finance and economic policy. In addition, he carried out macroeconomic research at several consultant firms in Buenos Aires and he served as professor of macroeconomic theory and applied analysis at a number of universities in Argentina.


Mr. Castellano holds a Master of Public Policy from the University of Chicago, a Master in Economics from CEMA University in Buenos Aires and a Bachelor’s degree in Economics from the Argentine Catholic University.


Economic Views: Brazil’s Fiscal Outlook
Current Account with Clay Lowery - Episode 23: Looking at Brazil: Lula Returns 12 Years Later
Economic Views: Colombia’s Rising Political Risk
LatAm Views: Shifting Gears to Sustain Growth
Economic Views: Mexico’s External Risk
LatAm Views: Brazil’s Election and the Road Ahead
LatAm Views: Brazil’s Election and Growth Outlook
Frontier LatAm: Costa Rica’s External Imbalances
Economic Views: Ecuador’s External Funding Outlook
Economic Views: Bond Outflows from China Continue
LatAm Views: “Fear of Floating” Divergences
LatAm Views: Chile Inflation Pressures Worsening
LatAm Views: Oil and FX Vulnerability in Colombia
Lebanon: Mounting Challenges
Economic Views: Brazil’s Fiscal Easing
LatAm Views: Fading Growth Momentum in Chile
Frontier LatAm Views: Growth and External Outlook
Economic Views: Peru’s Current Account Deficit
LatAm Views: Divergent Growth Fortunes Amid War
Economic Views: Colombia’s External Risk
Frontier LatAm: Mounting Pressure from War in Ukraine
Frontier LatAm: Mounting Pressure from War in Ukraine
Economic Views: Argentina’s New IMF Program
LatAm Views: Commodity Price Spillovers from War
LatAm Views: Bottom-up Analysis of Inflation 
Economic Views: Brazil’s Tax Cuts and Fiscal Risk
IIF Shares Its Regulatory Priorities With FSB Chairman Klaas Knot
LatAm Views: Robust Reserve Buffers 
Economic Views: Brazil’s Inflation Will Ease
Frontier LatAm: Ecuador’s Stabilization Program 
Economic Views: Argentina and the IMF
Economic Views: Debt Sustainability in Brazil
LatAm Views: Chile Pension Upheaval Continues 
Economic Views: Fiscal Risk in Brazil
Frontier LatAm: Fiscal Risk Mounting in El Salvador
LatAm Views: Capital Flows Have Rebounded
LatAm Views: Monetary Policy Outlook
Economic Views: Colombia’s Current Account Deficit
Economic Views: Fiscal Adjustment in Peru
Economic Views: Brazil’s 2022 Budget
Economic Views: The IMF SDR Allocation
Frontier LatAm: Fiscal Policy at a Crossroads 
Economic Views: Fair Value of the Peruvian Sol
LatAm Views: The Fiscal Challenge 
LatAm Views: The Inflation Challenge 
Economic Views: Colombia’s Fiscal Vulnerability
LatAm Views: Chile Virtual Trip Notes
Global Macro Views: Fair Value of the Brazilian Real
LatAm Views: Mexico’s Growth Trap
Frontier LatAm: Costa Rica’s Tough Adjustment Ahead 
LatAm Views: Chile’s Recovery and Policy Shift 
LatAm Views: Peru-Colombia Virtual Trip Notes 
Economic Views: Brazil’s Budget and Fiscal Risk
Economic Views: Fiscal Risk in Colombia
Frontier LatAm: Partial Rebound in 2021 
Economic Views: Colombia’s External Vulnerability
Economic Views: Brazil Now vs the Taper Tantrum
LatAm Views: Modest Growth Rebound 
LatAm Views: Mexico - Virtual Trip Notes 
Global Macro Views: Updating our EM FX Fair Values
Frontier LatAm: Ecuador’s Fiscal Adjustment Prospects 
Economic Views: Fiscal Deficit Monetization in Argentina
LatAm Views: The COVID-19 Jobs Crisis 
LatAm Views: Promise and Risk in Peru’s Growth Outlook 
LatAm Views: Favorable Reserve Dynamics 
Economic Views: Argentina’s Next IMF Program
GMV: The Not So Dominant Currency Paradigm
Economic Views: Rollover Risk in Brazil
GMV: Large Devaluations in EM
Frontier LatAm: Fragile Growth Recovery 
LatAm Views - Restrained Growth Recovery 
Economic Views: Chile’s Pension Withdrawals and Growth
LatAm Views: Capital Flows to Remain Subdued 
Economic Views: Financing Brazil’s Fiscal Deficit
Economic Views: Can Brazil do Fiscal Adjustment?
Frontier LatAm: Ecuador’s External Challenges
Frontier LatAm: El Salvador’s Financing Risk 
Economic Views: Argentina’s Funding Post-Restructuring
Frontier LatAm: Costa Rica’s External Financing Needs 
GMV: Ecuador and Ukraine Exchange Rate Valuation
GMV: Brazil vs Turkey in the COVID-19 Shock
Frontier LatAm: COVID-19 and External Spillovers 
LatAm Views: Policy Space Disparities
Economic Views: Financing Mexico’s Fiscal Deficit
LatAm Views: Colombia’s Fiscal Stimulus
LatAm Views: The QE Challenge 
Economic Views: Monetization of Fiscal Deficits in EM
Economic Views: LatAm Growth and COVID-19
GMV: QE in Emerging Markets
Frontier LatAm: External Financing Risk Amid COVID-19 
LatAm Views: Deep Recession 
Economic Views: EM Asia & LatAm Growth under COVID-19
LatAm Views: Mexico's Stagnation 
Frontier LatAm - Costa Rica’s Fiscal Outlook 
Macro Notes: Struggling Systemic SOEs in South Africa and Mexico
Economic Views: Argentina under Capital Controls
LatAm Views - Ecuador's Fiscal Risk 
Economic Views: Non-resident Forwards in Chile
GMV: Current Account Deficit Financing in EM
LatAm Views – Growth Implications of Chile’s Wake-Up Call 
Economic Views: Chile’s Moderate External Vulnerability
Frontier LatAm – Favorable Current Account Dynamics 
LatAm Views – Brazil’s Reform Agenda 
Economic Views: Brazil’s Pension Reform and Fiscal Risk
Economic Views: Argentina’s Public Financing Needs
Economic Views: External Financing Risk in Colombia
Economic Views: Argentina’s External Financing Needs
LatAm Views – Commodity Exporters' Contrasting Fortunes
Global Macro Views: Argentina's Sudden Stop
Economic Views: Capital Flows and Argentina’s Elections
Economic Views: Pemex and Mexico's Current Account
Economic Views: The Fiscal Implications of Pemex
Economic Views: Venezuela's Falling Inflation
Global Macro Views: Rebalancing in Turkey and Argentina
LatAm Views: Colombia's Public Debt Risk
LatAm Views: Mexico Trip Notes
Economic Views: Argentina's Debt Risk
Economic Views: Venezuela’s Oil Sector under Sanctions
Economic Views: Argentina’s External Financing Gap
Economic Views: Can Argentina Continue Adjusting?
Frontier LatAm: Assessing External Vulnerability
Economic Views: Imbalances Build Up in Colombia
Economic Views: External Funding Risk in Argentina
April 2019 Capital Flows to Emerging Markets
Economic Views: The Critical Role of Oil in Venezuela
Economic Views: How Much does Venezuela Owe?
Economic Views: Venezuela's External Outlook
Global Macro Views: Currency Fair Value for Argentina and Turkey
Economic Views: Where does Venezuela Stand?
Regional Report: Central America and the Caribbean
Economic Views: Contrasting BoP Fortunes in Brazil & Mexico
Sticky Notes: November 28, 2018
Sticky Notes: November 16, 2018