The euro area is not experiencing deflation now, but ultra-low inflation is also very problematic. A blog by Reza Moghadam, Ranjit Teja, and Pelin Berkmen argues early action, including unconventional measures, may be needed to head off risks.
IMF Europe Chief Reza Moghadam visited Kiev on March 6-7. The IMF’s fact-finding team is developing a good understanding of the economic situation in Ukraine, which will guide the team’s recommendations to IMF Management on the subsequent course of action. “The IMF stands ready to help the people of Ukraine,” said Moghadam.
The latest issue of the IMF’s magazine, Finance & Development (F&D), focuses on Europe’s drive toward economic integration—the forces bringing it together and those pushing it apart, with contradictory views on how this can work.