Posted on December 9, 2016 by iMFdirect
Many countries are experiencing a combination of declining birth rates and increasing longevity. In other words, their populations are aging. And graying populations pose serious issues for people, policymakers, and society. Continue reading
Filed under: Advanced Economies, aging, Europe, growth, health, International Monetary Fund, Japan, jobs, labor force, productivity | Tagged: advanced economies, aging, Europe, GDP, growth, health care, IMF, iMFdirect blog, Japan, labor force, pensions, productivity, TFP, Total Factor Productivity | Leave a comment »
Posted on December 8, 2016 by iMFdirect
By Hites Ahir and Prakash Loungani
During 2007-08, house prices in several countries collapsed, marking the onset of a global financial crisis. The IMF’s Global House Price Index, a simple average of real house prices for 57 countries, is now almost back to its level before the crisis (Chart 1). Is it time to worry again about a global fall in house prices? Continue reading
Filed under: Advanced Economies, China, Europe, growth, housing, International Monetary Fund | Tagged: advanced economies, boom-bust cycle, China, Europe, Global House Price Index, house prices, housing, housing market, IMF, iMFdirect blog, Min Zhu, population growth | Leave a comment »
Posted on December 6, 2016 by iMFdirect
By Deniz Igan
Michael Mussa, a former Chief Economist of the IMF, famously likened capital account liberalization to fire. In his comments at the IMF Economic Forum on October 2, 1998, he said: “Fire warms our homes, it cooks our food, our internal combustion engines,” and continued: “No doubt, fire is very useful, and we are not going to give up its manifold benefits. On the other hand, fire can also burn you down and do a great deal of damage.”
Filed under: capital markets, developing countries, Economic research, Financial markets, growth, IMF, International Monetary Fund | Tagged: capital inflows, capital markets, emerging market economies, equity, external financing, external shocks, growth, IMF, iMFdirect blog, output volatility | Leave a comment »
Posted on November 30, 2016 by iMFdirect
By Camilla Lund Andersen
2016 has been a year of political upheaval, as accepted truths about the power of globalization to transform lives and lift millions out of poverty are being questioned by electorates in Europe, the United States, and elsewhere. No longer prepared to take experts and elites at their word, many voters appear to be rejecting the adverse consequences of globalization by casting their ballot for antiestablishment messages and candidates.
Filed under: Employment, Globalization, growth, IMF, income, Inequality, International Monetary Fund, Investment, jobs, trade, unemployment | Tagged: employment, F&D, Finance & Development magazine, Globalization, growth, IMF, iMFdirect blog, inequality, International Monetary Fund, investment, jobs, trade, trade unions, unemployment | Leave a comment »
Posted on November 29, 2016 by iMFdirect
By Philip Gerson and Johannes Wiegand
For an economist interested in examining the evolution of monetary and exchange rate regimes, Central, Eastern and Southeastern Europe (CESEE) provides a habitat of unparalleled diversity. Almost every type of regime can be found in the region: from floating and inflation targeting over various pegs to the unilateral use of the euro and full euro area membership.
Filed under: deflation, Economic research, euro zone, Europe, exchange rates, Fiscal policy, IMF, inflation, International Monetary Fund, structural reforms | Tagged: Central Europe, CESEE, deflation, Europe, eurozone, exchange rate flexibility, exchange rate regimes, exchange rates, fiscal policy, inflation, monetary policy, Southeastern Europe, structural policy | Leave a comment »
Posted on November 21, 2016 by iMFdirect
By Roberto Cardarelli
Versions in Português (Portuguese), and Español (Spanish)
Most people know Argentina as the land of tango, Malbec, and some of the greatest soccer players of all times. But Argentina is also famous for being home to some of the most diverse and extreme landscapes of the world—from subtropical rainforests and Iguazu Falls in the north to the glaciers of Perito Moreno in the south, and from the lowest site in South America (Laguna del Carbón) to the highest elevation in the Americas (Aconcagua mountain).
Filed under: Economic research, Fiscal policy, Government, growth, inflation, International Monetary Fund, Latin America, Reform, taxation, trade | Tagged: Argentina, economic assessment, fiscal policy, growth, IMF, iMFdirect blog, inflation targeting, International Monetary Fund, Latin America, reform, taxation, trade | Leave a comment »