Posted on August 24, 2009 by iMFdirect
By John Lipsky
Every year at this time, senior Federal Reserve officials and central bank heads from around the world gather in Jackson Hole, Wyoming—together with leading economists from universities and the private sector—to hear presentations on key policy topics and to discuss the challenges facing the global economy. The spectacularly beautiful setting at the foot [...]
Filed under: Advanced Economies, Economic Crisis, Financial Crisis, Financial regulation, Fiscal Stimulus, Multilateral Cooperation | Tagged: Banking crisis, G-20, IMF, London Summit | Leave a Comment »
Posted on August 19, 2009 by iMFdirect
By Ajai Chopra
When the global financial crisis spread to emerging Europe in the last quarter of 2008, memories of the Asian crisis of the late 1990s sprang back to life. Would emerging Europe face the same chaotic currency depreciations, mass defaults of banks and companies, double-digit output losses and social unrest that beset several Asian [...]
Filed under: Economic Crisis, Emerging Markets, Financial Crisis, IMF | Tagged: Asia, Baltics, eastern Europe, Europe, IMF | 1 Comment »
Posted on August 13, 2009 by iMFdirect
By Ajai Chopra
Potential output seems to be on everybody’s mind these days, at least if you talk to economists. What would be merely a curiosity during better times—after all, potential output is a largely abstract concept measuring the level of output an economy can produce without undue strain on resources—has become a particular worry in [...]
Filed under: Advanced Economies, Economic Crisis, Financial Crisis, Fiscal Stimulus, IMF | Tagged: Europe, IMF, International Monetary Fund | 1 Comment »
Posted on August 10, 2009 by iMFdirect
By Ajai Chopra
Mervyn King, the Bank of England governor, once quipped that central bankers aim to keep monetary policy “boring”—a dull exercise in maintaining low and stable inflation. Recent months have seen quite the opposite.
Battling a sharp fall in inflation, central banks around the globe have slashed interest rates, often to close to zero. Several [...]
Filed under: Advanced Economies, Economic Crisis, Financial Crisis, Fiscal Stimulus | Tagged: Europe, European Central Bank, IMF, Mervyn King, the Bank of England | Leave a Comment »
