
- Ph.D. in Economics, University of Maryland, College Park (1992-1997)
- M.A. in Russian, East European, and Eurasian Studies, Stanford University (1989-1990)
- B.A. in Economics with Honors, Stanford University (1986-1990)
Prof. Steven Barnett has more than 25 years of senior leadership in international economic policy, with a distinguished career at the International Monetary Fund (IMF). A widely respected authority on China’s economy and global macroeconomic developments, he most recently served as the IMF’s Senior Resident Representative in Beijing, where he led strategic engagement with Chinese policymakers, academics, and media.
Throughout his career, Prof. Barnett held several senior roles that shaped the IMF’s approach to China and global economic policy issues. As Advisor to the Deputy Managing Director, he helped oversee operations across more than 90 countries and multiple departments. As Chief of the China Division, he directed annual country reports and pioneered key fiscal metrics—most notably the now-standard augmented deficit and debt framework for China. His earlier assignments included serving as Assistant Director of the IMF’s Tokyo Office, Resident Representative in Thailand, Mission Chief for Mongolia, and fiscal economist for reform programs in Turkey and Georgia.
Prof. Barnett’s research and lectures span household consumption in China, fiscal policy, global macroeconomic trends, and potential growth. He is a frequent speaker at high-profile forums such as the Boao Forum for Asia, the CSIS Global Panel, and the Finance Street Forum, and his insights have appeared in outlets including Bloomberg, CCTV, and CGTN. Known for making complex economic trends accessible and actionable, he engages audiences ranging from corporate leaders and investors to academics and journalists.
At The University of Hong Kong, Prof. Barnett continues to share his expertise through teaching, research, and public engagement, contributing to the university’s leadership in global economic scholarship.
- Chinese macroeconomy
- Household consumption and savings
- Global growth and international policymaking
- Barnett, S., & Li, X. (2025). Growing institutional relations. In A. Selassie, A. R. Hume, & A. Schipke (Eds.), The Africa-China economic partnership: Setting the stage and overview. International Monetary Fund. https://doi.org/10.5089/9798400239182.071
- Ming, A., Barnett, S., & Li, X. (Eds.). (2021). Green finance and climate policy. International Monetary Fund. https:// imf.org/en/News/Seminars/Conferences/2021/04/15/-/media/5CFF540C8017421A848EF37ACCC89664.ashx
- Zhang, Y. S., & Barnett, S. (2014). Fiscal vulnerabilities and risks from local government finance in China (IMF Working Paper No. WP/14/4). International Monetary Fund. https://www.imf.org/external/pubs/ft/wp/2014/wp1404. pdf
- N’Diaye, P., & Barnett, S. (2013). China’s rapid investment, potential output, and output gap. In Anoop Singh Malhar Nabar & P. N’Diaye (Eds.), China’s economy in transition: From external to internal rebalancing (pp. 47–56). International Monetary Fund. https://www.elibrary.imf.org/display/book/9781484303931/9781484303931.xml
- Barnett, S., Bersch, J., & Ojima, Y. (2012). Inflation dynamics in Mongolia: Understanding the roller coaster (IMF Working Paper No. WP/12/192). International Monetary Fund. https://www.imf.org/external/pubs/ft/wp/2012/ pdf
- Barnett, S., Myrvoda, A., & Nabar, M. (2012). Sino-Spending: China must boost household consumption even further to make its growth more inclusive. Finance & Development September 2012. https://www.imf.org/external/pubs/ft/fandd/2012/09/barnett.htm?mod=article_inline
- Chalk, N., & Barnett, S. (2010). Building a social safety net. Finance and Development, 47(3). https://www.imf.org/ external/pubs/ft/fandd/2010/09/barnett.htm
- Barnett, S., & Bersch, J. (2010). Mongolia stages dramatic turnaround. IMF Survey. https://www.imf.org/en/News/ Articles/2015/09/28/04/53/socar091410a
- Barnett, S., & Brooks, R. (2010). China: Does government health and education spending boost consumption? (IMF Working Paper No. WP/10/16). International Monetary Fund. https://www.imf.org/external/pubs/ft/wp/2010/pdf
- Barnett, S., & Brooks, R. (2006). What’s driving investment in China? (IMF Working Paper No. WP/06/265). International Monetary Fund. https://www.imf.org/external/pubs/ft/wp/2006/wp06265.pdf
- Barnett, S. (2004). Banking sector developments. In E. Prasad (Ed.), China’s growth and integration into the world economy: Prospects and challenges (pp. 43–50). International Monetary Fund. https://www.elibrary.imf.org/ display/book/9781557757258/ch04.xml
- Davis, J., Ossowski, R., Daniel, J. A., & Barnett, S. (2003). Stabilization and savings funds for nonrenewable resources: Experience and fiscal policy implications. In J. Davis, R. Ossowski, & A. Fedelino (Eds.), Fiscal policy formulation and implementation in oil-producing countries (pp. 273–315). International Monetary Fund. https://www.elibrary.imf.org/downloadpdf/book/9781589061750/ch011.xml
- Barnett, S., & Ossowski, R. (2002). Operational aspects of fiscal policy in oil-producing countries (IMF Working Paper No. WP/02/177). International Monetary Fund. https://www.imf.org/external/pubs/ft/wp/2002/wp02177.pdf
- Barnett, S. (2000). Evidence on the fiscal and macroeconomic impact of privatization (IMF Working Paper No. WP/00/130). International Monetary Fund. https://www.elibrary.imf.org/downloadpdf/journals/001/2000/130/ article-A000-en.xml
- Barnett, S. A., & Sakellaris, P. (1999). A new look at firm market value, investment, and adjustment costs. Review of Economics and Statistics, 81(2), 250–260.
- Barnett, S. A., & Sakellaris, P. (1998). Nonlinear response of firm investment to Q: Testing a model of convex and non-convex adjustment costs. Journal of