Posted on February 9, 2017 by iMFdirect
By Philip Daniel, Michael Keen, Artur Swistak, and Victor Thuronyi
Versions in Français (French), Português (Portuguese), and Español (Spanish)
Seventy percent of the world’s poorest people live in countries rich in oil, natural gas or minerals, making effective taxation of these extractive industries critical to alleviating poverty and achieving sustained growth. But national borders make that task much harder, opening possibilities for tax avoidance by multinationals and raising tough jurisdictional issues when resource deposits cross frontiers. Continue reading
Filed under: developing countries, Economic research, Fiscal policy, growth, infrastructure, International Monetary Fund, oil, taxation | Tagged: cross-border linkages, developing countries, extractive industries, IMF, iMFdirect blog, infrastructure, Mauritania, minerals, natural resources, oil, sustainable growth, taxation, technology, transfer pricing | Leave a comment »
Posted on December 29, 2016 by iMFdirect
What a year it has been. 12 months with big implications for the global economy.
In 2016 our readers’ curiosity focused on a wide range of hot topics in the world of economic and financial policy: the economic impact of migration, China’s economic transition, the prospects for negative interest rates, the way forward for Greece, the future of commodity prices, and the outlook for Latin America, to name a few. We compiled this top ten list for the past year based on readership. Continue reading
Filed under: Advanced Economies, Asia, China, commodities, Economic research, euro zone, Europe, exchange rates, Financial markets, Fiscal policy, G-20, Gender issues, Greece, growth, IMF, interest rates, International Monetary Fund, Latin America, negative interest rates, U.S. | Tagged: Alejandro Werner, Christine Lagarde, José Viñals, Maurice Obstfeld, Poul Thomsen, Vitor Gaspar | Leave a comment »
Posted on December 20, 2016 by iMFdirect
By Maurice Obstfeld
Version inعربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
After a year marked by financial turbulence, political surprises, and unsteady growth in many parts of the world, the Fed’s decision this month to raise interest rates for just the second time in a decade is a healthy symptom that the recovery of the world’s largest economy is on track.
The Fed’s action was hardly a surprise: markets had for weeks placed a high probability on last week’s move. But market developments preceding the Fed decision did surprise many market watchers. Continue reading
Filed under: Advanced Economies, Emerging Markets, Fiscal policy, Government, growth, interest rates, International Monetary Fund, jobs, labor force, U.S. | Tagged: developing economies, emerging market economies, exchange rates, government spending, growth, IMF, iMFdirect blog, inflationary pressures, interest rates, jobs, labor force, trade, U.S. elections, U.S. Fed, U.S. taxes, United States | Leave a comment »
Posted on December 12, 2016 by iMFdirect
By Maurice Obstfeld and Poul M. Thomsen
Versions in عربي (Arabic); Français (French); Deutsch (German); ελληνικά (Greek); and Español (Spanish)
Greece is once again in the headlines as discussions for the second review of its European Stability Mechanism (ESM) program are gaining pace. Unfortunately, the discussions have also spurred some misinformation about the role and the views of the IMF. Above all, the IMF is being criticized for demanding more fiscal austerity, in particular for making this a condition for urgently needed debt relief. This is not true, and clarifications are in order. Continue reading
Filed under: Debt Relief, Europe, Fiscal policy, Greece, IMF, International Monetary Fund | Tagged: austerity, debt, debt relief, debt sustainability, ESM, euro zone, Europe, European Stability Mechanism, financial stability, fiscal policy, GDP, Greece, IMF, iMFdirect blog, International Monetary Fund | 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 »