Professor Steven Alan BARNETT
Phone3910 2186
OfficeKK 1126
Biography

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.

Academic Qualifications
PhD

University of Maryland, College Park

M.A.

Stanford University

B.A.

Stanford University

Research Interest
  • 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 A. Singh, M. 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/
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
Chalk, N., & Barnett, S. (2010). Building a social safety net. Finance & 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/
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. 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 Economics.