Economist · Strategist

Henk Jan Reinders

Working at the intersection of macroeconomics, public policy, and technology.

Introduction

Henk Jan Reinders is an economist and strategist working at the intersection of macroeconomics, public policy, and technology.

Henk Jan Reinders

I am currently a senior economist at the International Monetary Fund in the Strategy, Policy and Review Department, focusing on structural change in the economy. I am also affiliated with Erasmus University Rotterdam and the University of Bologna, and am based in Washington, DC.

Previously, I held economist and advisory positions at the Dutch Central Bank, the European Commission, and the World Bank. My educational background is in philosophy, physics, and economics.

Research

Financial Stress Testing of Structural Change

My academic research focuses on the economics of structural change — such as climate change, pandemics, and technological shifts — and assesses their impact on the economy and the financial sector. My work has been published in leading peer-reviewed journals, working papers, and book chapters.

AI chip on a circuit board
Policy

AI & Macroeconomic Stability

At the IMF, I work on the macroeconomic and financial-stability implications of artificial intelligence — how adoption may reshape productivity, labor markets, and public finances, and what this means for the resilience of economies and financial systems.

Climate warming stripes
Teaching

Climate Risk & Climate Finance

As an adjunct professor, I teach modules and guest lectures on the two-way interaction between climate change and finance — climate risks (transition and physical) and the ways finance can contribute to better climate outcomes, from risk management and earmarked finance to carbon markets and disaster-risk insurance.

Publications

Research

Academic work

  1. 01 Chen, C., Gardes-Landolfini, C., Mitra, A., & Reinders, H. J. (2026). Meeting climate targets with private finance: the role of national policymakers. IMF Working Paper.
  2. 02 Reinders, H. J., Schoenmaker, D., & van Dijk, M. (2025). Climate risk stress testing: A critical survey and classification. Journal of Climate Finance, 10, 100061.
  3. 03 Reinders, H. J., Schoenmaker, D., & van Dijk, M. (2023). A finance approach to climate stress testing. Journal of International Money and Finance, 131, 102797. ↗ source
  4. 04 Hallegatte, S., Lipinsky, F., Morales, P., Oura, H., Ranger, N., Regelink, M. G. J., & Reinders, H. J. (2022). Bank Stress Testing of Physical Risks under Climate Change Macro Scenarios: Typhoon Risks to the Philippines. IMF Working Paper WP/22/163.
  5. 05 Calice, P., & Reinders, H. J. (2022). An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe. World Bank Policy Research Working Paper (WPS 10232).
  6. 06 Reinders, H. J., Schoenmaker, D., & van Dijk, M. (2020). Is COVID-19 a Threat to Financial Stability in Europe? CEPR Discussion Paper DP14922.
  7. 07 Kleinknecht, A., & Reinders, H. J. (2012). How good are patents as innovation indicators? Evidence from German CIS data. Innovation and Growth: From R&D Strategies of Innovating Firms to Economy-Wide Technological Change. Oxford University Press.

Policy publications

  • International Monetary Fund. (2024). Sierra Leone: Technical Assistance Report — Climate Policy Diagnostic. IMF Technical Assistance Reports.
  • International Monetary Fund. (2023). Resilience and Sustainability Facility — Operational Guidance Note. IMF Policy Papers.
  • Bank Negara Malaysia & World Bank. (2022). An Exploration of Nature-Related Financial Risks in Malaysia. World Bank Open Knowledge Repository.
  • Reinders, H. J., Regelink, M. G. J., Calice, P., & Escobar Uribe, M. (2021). Not-so-magical realism: A climate stress test of the Colombian banking system. World Bank EFI Insight.
  • World Bank. (2021). Toolkits for Policymakers to Green the Financial System.
  • EBRD & Global Centre on Adaptation. (2018). Advancing TCFD Guidance on Physical Climate Risks and Opportunities.
  • Regelink, M., Reinders, H. J., Vleeschhouwer, M., & van de Wiel, I. (2017). Waterproof? An exploration of climate-related risks for the Dutch financial sector. De Nederlandsche Bank.
  • European Commission HLEG on Sustainable Finance. (2017). Financing a sustainable European economy.
  • Dankert, J., van Doorn, L., Reinders, H. J., & Sleijpen, O. (2018). A Green Supporting Factor — The Right Policy? SUERF Policy Note, Issue No. 43.
PhD dissertation cover
PhD Dissertation · Erasmus University, 2023

Financial Stability in a Changing Environment

My thesis improves the understanding of how climate- and pandemic-related shocks affect financial-sector variables. It contributes to the development of climate risk stress tests, which translate initial climate-shock parameters into metrics relevant to financial institutions — such as solvency and liquidity — with a focus on financial asset value and institution solvency.

Download dissertation ↗ ResearchGate ↗
Curriculum Vitae

Bio / CV

Professional experience

2022 — now
Senior Economist
International Monetary Fund, Washington D.C.
2023 — 25
Adjunct Professor (part-time)
University of Bologna
2019 — 22
Economist
World Bank Group, Washington D.C.
2016 — 17
National Expert (seconded)
European Commission, Brussels
2013 — 19
Strategy Advisor, Economist
Dutch Central Bank, Amsterdam

Education

2026
Summer School in Machine Learning
Columbia University
2018 — 23
PhD in Economics
Erasmus University Rotterdam
2017
Executive Education in Climate Change & Energy
Harvard Kennedy School
2011 — 13
MSc in International Economics (cum laude)
University of Amsterdam
2009 — 11
MSc in Technology Policy and Management
Delft University of Technology · Carnegie Mellon University
2005 — 08
BSc in Liberal Arts and Sciences (honors)
Utrecht University
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Contact

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