Archive 2023

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Contents

• Top 10 Blogs of 2023 Unpack Global Economy, Inflation, Debt, Trade and Asia
  • Published: December 27, 2023
  • Authors: Jeff Kearns
  • Summary: Prospects for growth, prices and interest rates enjoyed the greatest reader interest, followed by fossil fuel subsidies and the implications of geoeconomic fragmentation
• Economists Offer Fresh Takes on Inflation, Inequality, Technology
  • Published: December 20, 2023
  • Authors: IMF Blog Editors
  • Summary: Latest books provide analytical and anecdotal accounts of the greatest challenges—and the perspective that comes with time
• Latin America Can Boost Economic Growth by Reducing Crime
  • Published: December 18, 2023
  • Authors: Rafael Machado Parente, Rodrigo Valdés
  • Summary: Reducing crime could significantly boost investment, productivity, and GDP growth in Latin America and the Caribbean
• Higher Interest Rates Testing Banks in Middle East, North Africa, and Pakistan
  • Published: December 14, 2023
  • Authors: Thomas Kroen, Troy Matheson, Thomas Piontek
  • Summary: Some lenders in the region may be vulnerable to a combination of higher interest rates, corporate sector stress, and liquidity pressures
• Why Digital Trade Should Remain Open
  • Published: December 13, 2023
  • Authors: Michele Ruta, Adam Jakubik
  • Summary: Policymakers should consider the benefits of international rules that promote a predictable policy environment, including continued tariff-free digital imports
• Financial Crimes Hurt Economies and Must be Better Understood and Curbed
  • Published: December 7, 2023
  • Authors: Carolina Claver, Chady El Khoury, Rhoda Weeks-Brown
  • Summary: Policymakers need fuller view of consequences of illicit flows, including tallies of the fiscal, monetary, financial, and structural costs
• Benefits of Accelerating the Climate Transition Outweigh the Costs
  • Published: December 5, 2023
  • Authors: Jens Mehrhoff
  • Summary: Climate Change Indicators Dashboard shows that avoiding physical damage from climate change can have sizable benefits
• Middle East Conflict Risks Reshaping the Region’s Economies
  • Published: December 1, 2023
  • Authors: John Bluedorn, Taline Koranchelian
  • Summary: The IMF is revising its outlook for the region and stands ready to step up needed support
• The AI Awakening
  • Published: November 30, 2023
  • Authors: Gita Bhatt
  • Summary: Generative AI has introduced tantalizing new possibilities. Yet the initial excitement surrounding AI has given way to genuine and growing concerns. This issue is an early attempt to understand AI’s implications for growth, jobs, inequality, and finance.
• How the Middle East and Central Asia Can Better Address Climate Challenges
  • Published: November 29, 2023
  • Authors: Jihad Azour, Hasan Dudu, Ling Zhu
  • Summary: Investment of up to 4 percent of GDP annually is needed to ensure climate resilience and meet emissions reduction targets
• World Needs More Policy Ambition, Private Funds, and Innovation to Meet Climate Goals
  • Published: November 27, 2023
  • Authors: Simon Black, Florence Jaumotte, Prasad Ananthakrishnan
  • Summary: International cooperation is more important than ever because no country can address climate change by itself
• Central Bank Digital Currency Development Enters the Next Phase
  • Published: November 20, 2023
  • Authors: Tobias Adrian, Dong He, Tommaso Mancini-Griffoli, Tao Sun
  • Summary: Many of the world’s monetary authorities are seeking more guidance on how best to pursue digital forms of central bank money
• How Latin America Can Use Trade to Boost Growth
  • Published: November 16, 2023
  • Authors: Flavien Moreau, Rafael Machado Parente
  • Summary: Better infrastructure and logistics can help the region increase trade and growth
• Climate Change is Disrupting Global Trade
  • Published: November 15, 2023
  • Authors: Serkan Arslanalp, Robin Koepke, Alessandra Sozzi, Jasper Verschuur
  • Summary: Panama’s drought shows how trade disruptions from climate extremes can reverberate around the world
• Europe’s Wage Rises Are Aiding Recovery but Economies Face Risks
  • Published: November 9, 2023
  • Authors: Chikako Baba, Ben Park, Ippei Shibata, Sebastian Weber
  • Summary: With appropriate policies and improved productivity, Europe can reconcile short-term wage pressures and long-term labor trends with less inflation
• G20 Economies Should Turn to Reforms to Improve Growth Amid Policy Tightening
  • Published: November 7, 2023
  • Authors: JaeBin Ahn, Nicolas Fernandez-Arias, Neil Meads
  • Summary: Recommended policies and reforms would boost output of major economies by up to 0.7 percent and foster more balanced, sustainable, and inclusive growth
• How Green Innovation Can Stimulate Economies and Curb Emissions
  • Published: November 6, 2023
  • Authors: Zeina Hasna, Florence Jaumotte, Samuel Pienknagura
  • Summary: Coordinated climate policies can spur innovation in low-carbon technologies and help them spread to emerging market and developing economies
• Harm From ‘De-Risking’ Strategies Would Reverberate Beyond China
  • Published: October 18, 2023
  • Authors: Diego Cerdeiro, Siddharth Kothari, Dirk Muir
  • Summary: The negative impact of ‘de-risking’ strategies by major economies would be felt beyond China, while comprehensive reforms in China could generate significant positive spillovers
• New Look at Global Banks Highlights Risks From Higher-for-Longer Interest Rates
  • Published: October 16, 2023
  • Authors: Charles Cohen, Srobona Mitra, Fabio Natalucci
  • Summary: Higher interest rates have exposed vulnerabilities in some banks, and many more would be weakened by a prolonged period of tight monetary policy
• Asia Continues to Fuel Global Growth, but Economic Momentum is Slowing
  • Published: October 13, 2023
  • Authors: Yan Carrière-Swallow, Krishna Srinivasan
  • Summary: The region is likely to see faster disinflation, but prospects for growth in coming years are dimming
• How Channeling SDRs is Supporting Vulnerable Economies
  • Published: October 13, 2023
  • Authors: Kristalina Georgieva, Bernard Lauwers, Ceyla Pazarbasioglu
  • Summary: Special drawing rights are providing an important boost for countries that need one, but greater support is encouraged to strengthen our unique lending tools
• Europe Must Succeed in Restoring Price Stability
  • Published: October 13, 2023
  • Authors: Alfred Kammer
  • Summary: Tighter monetary policy is starting to work. Alternatives would be more costly.
• Higher-for-Longer Interest Rate Environment is Squeezing More Borrowers
  • Published: October 10, 2023
  • Authors: Tobias Adrian
  • Summary: Elevated inflation means central banks may have to keep policy rates higher in a way that stretches the capacity of borrowers to repay debt
• Resilient Global Economy Still Limping Along, With Growing Divergences
  • Published: October 10, 2023
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Likelihood of a soft landing has increased, but growth forecast is lowest in decades
• Why IMF Lending Continues to Adapt
  • Published: October 9, 2023
  • Authors: Ceyla Pazarbasioglu
  • Summary: Helping vulnerable countries make needed adjustments will foster economic stability and growth and unlock additional financing from other sources
• How Managing Inflation Expectations Can Help Economies Achieve a Softer Landing
  • Published: October 4, 2023
  • Authors: Silvia Albrizio, John Bluedorn
  • Summary: Expectations increasingly drive inflation dynamics. Improvements in monetary policy frameworks can better inform people’s inflation expectations and thereby help reduce inflation at lower output cost.
• Geoeconomic Fragmentation Threatens Food Security and Clean Energy Transition
  • Published: October 3, 2023
  • Authors: Jorge Alvarez, Mehdi Benatiya Andaloussi, Martin Stuermer
  • Summary: Providing corridors for food staples and critical minerals could avert food crises and help keep the green transition on track.
• Countries Must Contain Global Warming While Keeping Debt in Check
  • Published: October 2, 2023
  • Authors: Era Dabla-Norris, Ruud de Mooij, Raphael Lam, Christine Richmond
  • Summary: Managing the climate transition calls for a fiscal balancing act with the right mix of policies.
• Emerging Economies Need Much More Private Financing for Climate Transition
  • Published: October 2, 2023
  • Authors: Prasad Ananthakrishnan, Torsten Ehlers, Charlotte Gardes-Landolfini, Fabio Natalucci
  • Summary: A broad mix of policies is needed to unlock the necessary private capital in emerging market and developing economies and ensure a positive climate impact
• Countries That Close Gender Gaps See Substantial Growth Returns
  • Published: September 27, 2023
  • Authors: Antoinette M. Sayeh, Alejandro Badel, Rishi Goyal
  • Summary: Empowering women economically is a powerful engine of inclusive growth
• How Reform Can Aid Growth and Green Transition in Developing Economies
  • Published: September 25, 2023
  • Authors: Christian Ebeke, Florence Jaumotte
  • Summary: New approaches to governance, business regulation, and trade can boost output by 4 percent in two years and help countries curb emissions
• Fragile States Need Customized Support to Strengthen Institutions
  • Published: September 21, 2023
  • Authors: Tobias Adrian, Franck Bousquet, Dominique Desruelle, Vitor Gaspar, Bert Kroese
  • Summary: In the most vulnerable countries, strengthening state capacity must adapt to more frequent economic shocks, greater political instability, and fewer resources
• Countries Can Tap Tax Potential to Finance Development Goals
  • Published: September 19, 2023
  • Authors: Vitor Gaspar, Mario Mansour, Charles Vellutini
  • Summary: Emerging market and low-income economies have a significant untapped tax potential of 8 percent to 9 percent of GDP
• Financial Stability Needs Supervisors With the Ability and Will to Act
  • Published: September 18, 2023
  • Authors: Tobias Adrian, Fabiana Melo, Marina Moretti, Jay Surti
  • Summary: Supervisors in many countries face conditions that limit their effectiveness. Raising the bar requires independence with clear mandates, enhanced powers, greater resources, and more effective approaches.
• Global Debt Is Returning to its Rising Trend
  • Published: September 13, 2023
  • Authors: Vitor Gaspar, Marcos Poplawski-Ribeiro, Jiae Yoo
  • Summary: Although global debt recorded another significant decline in 2022, it is still high, with debt sustainability remaining a concern
• Market Reforms Can Stabilize Debt and Foster Growth in Developing Countries
  • Published: September 12, 2023
  • Authors: Gabriela Cugat, Carlo Pizzinelli
  • Summary: Countries that enacted reforms saw their debt-to-GDP ratios fall by 3 percentage points, on average, over a multi-year period
• Harnessing GovTech to Tax Smarter and Spend Smarter
  • Published: September 7, 2023
  • Authors: David Amaglobeli, Ruud de Mooij, Mariano Moszoro
  • Summary: Digitalization, done right, can equip governments to improve revenue collection and spending efficiency.
• Investments That Pay Off: Latin America’s Response to Recent Global Shocks
  • Published: September 6, 2023
  • Authors: Rodrigo Valdés
  • Summary: The region, which successfully navigated economic turmoil, now must boost inclusive growth, reduce debt, and capitalize on new opportunities
• Money Laundering Poses a Risk to Financial Sector Stability
  • Published: September 4, 2023
  • Authors: Pierre Bardin, Antoine Bouveret, Grace Jackson, Maksym Markevych
  • Summary: Curbing cross-border illicit proceeds demands a united global effort and innovative approaches
• Time to Tap Growth Opportunities in the Middle East and North Africa
  • Published: August 31, 2023
  • Authors: Gita Bhatt
  • Summary: FINANCE & DEVELOPMENT Magazine: Transparent governance, economic modernization, private-sector leadership, and responsiveness to the energy transition can aid transformation
• Africa's Fragile States Are Greatest Climate Change Casualties
  • Published: August 30, 2023
  • Authors: Jihad Azour, Abebe Aemro Selassie
  • Summary: International partners must support the continent’s most vulnerable countries to adapt to extreme weather—or spillovers could become more disruptive
• Historic $650 Billion Liquidity Boost Continues to Benefit the Global Economy
  • Published: August 29, 2023
  • Authors: Bernard Lauwers, Ceyla Pazarbasioglu
  • Summary: The August 2021 allocation of special drawing rights supported countries amid recovery from the pandemic—and continues to offer benefits
• The High Cost of Global Economic Fragmentation
  • Published: August 28, 2023
  • Authors: The Editors
  • Summary: Growing trade restrictions may reverse economic integration and undermine the cooperation needed to protect against new shocks and address global challenges
• Fossil Fuel Subsidies Surged to Record $7 Trillion
  • Published: August 24, 2023
  • Authors: Simon Black, Ian Parry, Nate Vernon-Lin
  • Summary: Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change
• Tracking Global Financial Stability Risks From Higher Interest Rates
  • Published: August 8, 2023
  • Authors: Tobias Adrian, Hiroko Oura
  • Summary: Financial-sector assessments are gauging the effects of elevated borrowing costs, and the prospect that central banks may keep policy rates higher for longer than investors expect
• Inflation Remains Risk Confronting Financial Markets
  • Published: July 27, 2023
  • Authors: Tobias Adrian, Fabio Natalucci, Jason Wu
  • Summary: Central banks may keep interest rates higher for longer than currently priced; given investors’ benign inflation outlook and growing expectations for a soft landing, this could increase financial stability risks and weigh on growth
• Global Economy on Track but Not Yet Out of the Woods
  • Published: July 25, 2023
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Economic growth shows near-term resilience amid persistent challenges
• Europe Should Tighten Monetary Policy Further
  • Published: July 21, 2023
  • Authors: Alfred Kammer, Luis Brandão-Marques
  • Summary: Higher interest rates soon would prevent more economic pain later
• Emerging Market Economies Bear the Brunt of a Stronger Dollar
  • Published: July 19, 2023
  • Authors: Rudolfs Bems, Racha Moussa
  • Summary: Flexible exchange rates and anchored inflation expectations can alleviate the effects of a strong dollar
• Crypto Needs Comprehensive Policies to Protect Economies and Investors
  • Published: July 18, 2023
  • Authors: Tobias Adrian, Dong He, Arif Ismail, Marina Moretti
  • Summary: Establishing effective policies has become a priority for authorities amid the failure of some exchanges and collapse of certain crypto assets
• Weak Global Economy, High Inflation, and Rising Fragmentation Demand Strong G20 Action
  • Published: July 13, 2023
  • Authors: Kristalina Georgieva
  • Summary: Working together to address common challenges, and building economic bridges, will be crucial to improve lives.
• Crypto Poses Significant Tax Problems—and They Could Get Worse
  • Published: July 5, 2023
  • Authors: Katherine Baer, Ruud de Mooij, Shafik Hebous, Michael Keen
  • Summary: Tax systems need updating to cope with crypto assets, whose anonymity and decentralized nature poses challenges—not least for the value added tax.
• Caribbean Climate Crisis Demands Urgent Action by Governments and Investors
  • Published: June 27, 2023
  • Authors: Alejandro Guerson, James Morsink, Sònia Muñoz
  • Summary: The region has received minimal private climate financing despite being highly vulnerable to climate disasters and having the greatest need
• Europe’s Inflation Outlook Depends on How Corporate Profits Absorb Wage Gains
  • Published: June 26, 2023
  • Authors: Niels-Jakob Hansen, Frederik Toscani, Jing Zhou
  • Summary: Higher prices so far mostly reflect increases in profits and import costs, but labor costs are picking up
• How Financing Can Boost Low-Income Countries’ Resilience to Shocks
  • Published: June 14, 2023
  • Authors: Karmen Naidoo, Nelson Sobrinho
  • Summary: The economic gains from $272 billion in pandemic support for 94 countries were strongest in the poorest and more vulnerable recipients of IMF concessional financing
• Middle East, North Africa Vulnerable to Rising Fiscal Risks
  • Published: June 11, 2023
  • Authors: Antoinette M. Sayeh, Mahmoud Harb, Jacques Charaoui
  • Summary: Stronger risk management can reduce budgetary surprises and allow the region to plan better for development.
• Central Banks Can Fend Off Financial Turmoil and Still Fight Inflation
  • Published: June 5, 2023
  • Authors: Tobias Adrian, Gita Gopinath, Pierre-Olivier Gourinchas
  • Summary: But there are trade-offs between price and financial stability during times of stress, especially when inflation is high
• Trade in Turmoil
  • Published: June 1, 2023
  • Authors: Gita Bhatt
  • Summary: Despite geopolitical tensions, meaningful cooperation on trade remains possible
• How Falling Home Prices Could Strain Financial Markets as Interest Rates Rise
  • Published: May 31, 2023
  • Authors: Nina Biljanovska
  • Summary: Countries with elevated housing prices and high household debt issued at floating rates are particularly vulnerable to monetary policy tightening
• Asia Must Monitor Rising Corporate Debt Amid Higher Interest Rates
  • Published: May 25, 2023
  • Authors: Thomas Helbling, Shanaka J. Peiris, Monica Petrescu
  • Summary: Elevated borrowing costs are adding to risks that some companies may default on their debt as central banks keep interest rates higher for longer to contain inflation
• How Natural Gas Market Integration Can Help Increase Energy Security
  • Published: May 23, 2023
  • Authors: Rachel Brasier, Andrea Pescatori, Martin Stuermer
  • Summary: Closer ties allowed Europe to find new natural gas sources after Russia’s supply cutoff, and growing global export capacity can reduce market fragmentation
• African Currencies Are Under Pressure Amid Higher-for-Longer US Interest Rates
  • Published: May 15, 2023
  • Authors: Laurent Kemoe, Moustapha Mbohou Mama, Hamza Mighri, Saad Quayyum
  • Summary: Weaker currencies make the fight to curb inflation harder given the region’s dependence on imports
• Europe, And the World, Should Use Green Subsidies Cooperatively
  • Published: May 11, 2023
  • Authors: Alfred Kammer
  • Summary: A coordinated approach, including toward subsidies, is needed to tackle climate change successfully
• Women Struggle for Equal Pay and Progression at Central Banks
  • Published: May 9, 2023
  • Authors: Mariarosaria Comunale, Petra de Bruxelles, D. Filiz Unsal
  • Summary: A new survey reveals the gender gap persists
• Asia Poised to Drive Global Economic Growth, Boosted by China’s Reopening
  • Published: May 2, 2023
  • Authors: Thomas Helbling, Shanaka J. Peiris, Krishna Srinivasan
  • Summary: China and India together are forecast to generate about half of global growth this year
• Europe’s Knife-Edge Path Toward Beating Inflation Without a Recession
  • Published: April 28, 2023
  • Authors: Alfred Kammer
  • Summary: Success will require tighter macroeconomic policies tailored to changing financial conditions, strong financial supervision and regulation, and bold supply-side reforms
• World Economic Outlook Shows Economies Facing High Uncertainty
  • Published: April 19, 2023
  • Authors: Mehdi Benatiya Andaloussi, Chiara Maggi
  • Summary: The Chart of the Week brings together our economic forecasts, which reveal weaker growth amid an uncertain outlook with high downside risks
• In Latin America, Fiscal Policy Can Lighten the Burden of Central Banks
  • Published: April 13, 2023
  • Authors: Gustavo Adler, Nigel Chalk
  • Summary: Taming inflation requires slowing down demand. While monetary policy has played its part, lowering fiscal deficits would also help lessen the cost-of-living crisis.
• Asia Likely to See Dynamic Economic Growth, but With Policy Challenges
  • Published: April 13, 2023
  • Authors: Krishna Srinivasan, Alasdair Scott
  • Summary: Region would contribute about 70 percent to global growth this year—but still faces challenges from inflation, debt, and financial vulnerabilities
• Fiscal Policy Can Promote Economic Stability and Address Risks to Public Finances
  • Published: April 12, 2023
  • Authors: Francesca Caselli, Vitor Gaspar, Gee Hee Hong, Paulo Medas
  • Summary: Following exceptional pandemic support, governments should foster disinflation and financial stability while protecting the most vulnerable and safeguarding public finances
• Global Economic Recovery Endures but the Road Is Getting Rocky
  • Published: April 11, 2023
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Inflation is slowly falling, but economic growth remains historically low and financial risks have risen
• Global Financial System Tested by Higher Inflation and Interest Rates
  • Published: April 11, 2023
  • Authors: Tobias Adrian
  • Summary: Rapid monetary policy tightening after years of low rates is exposing fault lines
• How to Tackle Soaring Public Debt
  • Published: April 10, 2023
  • Authors: Adrian Peralta-Alva, Prachi Mishra
  • Summary: Timely and appropriate fiscal policy adjustments can reduce debt, but countries in distress will need a more comprehensive approach
• Interest Rates Likely to Return Toward Pre-Pandemic Levels When Inflation is Tamed
  • Published: April 10, 2023
  • Authors: Jean-Marc Natal, Philip Barrett
  • Summary: How close will depend on the persistence of public debt, on how climate policies are financed and on the extent of deglobalization
• Geopolitics and Fragmentation Emerge as Serious Financial Stability Threats
  • Published: April 5, 2023
  • Authors: Mario Catalán, Fabio Natalucci, Mahvash S. Qureshi, Tomohiro Tsuruga
  • Summary: Rising tensions could trigger cross-border capital outflows and increased uncertainty that would threaten macro-financial stability
• Fragmenting Foreign Direct Investment Hits Emerging Economies Hardest
  • Published: April 5, 2023
  • Authors: JaeBin Ahn, Ashique Habib, Davide Malacrino, Andrea F. Presbitero
  • Summary: Long-term losses of 2 percent of global output due to shifting foreign direct investments underscore why global integration needs robust defense
• Nonbank Financial Sector Vulnerabilities Surface as Financial Conditions Tighten
  • Published: April 4, 2023
  • Authors: Antonio Garcia Pascual, Fabio Natalucci, Thomas Piontek
  • Summary: NBFIs have emerged as key players in the financial sector, and global financial stability could hinge on their resilience as policy is tightened to tackle high inflation
• Fiscal Policy Can Help Tame Inflation and Protect the Most Vulnerable
  • Published: April 3, 2023
  • Authors: Vitor Gaspar, Carlos Eduardo Goncalves, Paolo Mauro, Marcos Poplawski-Ribeiro
  • Summary: Smart fiscal policy can help restore price stability and lessen the impact of the cost-of-living crisis.
• The Time Is Now: We Must Step Up Support For the Poorest Countries
  • Published: March 31, 2023
  • Authors: Kristalina Georgieva
  • Summary: Low-income countries face huge economic challenges and financing needs. They rely on international institutions, including the IMF’s Poverty Reduction and Growth Trust, for vital policy and financial support. Economically stronger countries have a responsibility to contribute to the funding of this support.
• How Asia Can Ease Scarring from Lower Investment, Employment and Productivity
  • Published: March 31, 2023
  • Authors: Siddharth Kothari, Nour Tawk
  • Summary: Asia should prioritize reforms that address the investment scarring from high corporate debt, mitigate education losses, and boost digitalization
• Volatile Commodity Prices Reduce Growth and Amplify Swings in Inflation
  • Published: March 28, 2023
  • Authors: Adil Mohommad, Mehdi Raissi, Kyuho Lee, Chanpheng Fizzarotti
  • Summary: Resurgent volatility in commodity markets will likely pose economic challenges in coming years even as prices decline
• Central Banks Must Enhance Transparency to Build Trust
  • Published: March 23, 2023
  • Authors: Tobias Adrian, Jihad Alwazir, Ashraf Khan, Dmytro Solohub
  • Summary: New tool offers a chance to improve transparency and safeguard independence
• How Pandemic Accelerated Digital Transformation in Advanced Economies
  • Published: March 21, 2023
  • Authors: Florence Jaumotte, Myrto Oikonomou, Carlo Pizzinelli, Marina M. Tavares
  • Summary: Digital technologies shielded labor and productivity from the pandemic, while lagging countries accelerated the adoption of technology. However, digitalization gaps persist.
• Global Portfolio Asset Holdings Decrease Amid Elevated Uncertainty
  • Published: March 20, 2023
  • Authors: Evrim Bese Goksu, Alicia Hierro, Rita Mesias, Wilson Phiri
  • Summary: Elevated risk aversion amid heightened geopolitical and inflation risks and tightening monetary policies in advanced economies weighed on sentiment
• House Prices Continue to Fall as Borrowing Costs Rise
  • Published: March 15, 2023
  • Authors: Hites Ahir, Prakash Loungani, Karan Bhasin
  • Summary: Property markets should enjoy greater stability when central banks slow or pause their campaign of raising interest rates to tame inflation
• Global Food Crisis May Persist, With Prices Still Elevated After Year of War
  • Published: March 9, 2023
  • Authors: Jeff Kearns
  • Summary: International organizations repeat joint call for rapid action on food and nutrition security
• Mounting Cyber Threats Mean Financial Firms Urgently Need Better Safeguards
  • Published: March 2, 2023
  • Authors: Tobias Adrian, Caio Ferreira
  • Summary: Regulators and supervisors must act now to strengthen the prudential framework
• New Worries for Central Bankers
  • Published: March 1, 2023
  • Authors: Gita Bhatt
  • Summary: This issue of F&D explores how inflation dynamics have forced a re-think of how central banks conduct monetary policy
• In Major Economic Shocks, Best Response Combines All-Out, Large-Scale Policies
  • Published: February 27, 2023
  • Authors: Divya Kirti, Maria Soledad Martinez Peria, Prachi Mishra, Jan Strasky
  • Summary: Bank lending grew faster in countries with policy packages combining large fiscal, monetary, and prudential measures.
• Wage-Price Spiral Risks Still Contained, Latest Data Suggests
  • Published: February 24, 2023
  • Authors: Jorge Alvarez, Niels-Jakob Hansen
  • Summary: Wage gains remain broadly in line with past episodes, which didn’t tend to lead to sustained wage-price acceleration
• Technology Behind Crypto Can Also Improve Payments, Providing a Public Good
  • Published: February 23, 2023
  • Authors: Tobias Adrian, Tommaso Mancini-Griffoli
  • Summary: A new kind of multilateral platform could improve cross-border payments, leveraging technological innovations for public policy objectives
• Policy Priorities for the G20: One Earth, One Family, One Future
  • Published: February 22, 2023
  • Authors: Kristalina Georgieva
  • Summary: Policymakers urged to support vulnerable people and economies, protect the planet, and harness digital progress for all
• Asia’s Easing Economic Headwinds Make Way for Stronger Recovery
  • Published: February 21, 2023
  • Authors: Krishna Srinivasan, Thomas Helbling, Shanaka J. Peiris
  • Summary: Clean energy needs may cause years of high prices for copper, nickel, cobalt and lithium under a net-zero emissions scenario.
• The Unfinished Business of International Business Tax Reform
  • Published: February 16, 2023
  • Authors: Ruud de Mooij, Alexander Klemm, Christophe Waerzeggers
  • Summary: Most countries in the world agreed on a major tax reform in 2021. Now it’s time to follow through with implementation.
• Support for Climate Action Hinges on Public Understanding of Policy
  • Published: February 10, 2023
  • Authors: Bo Li, Era Dabla-Norris, Krishna Srinivasan
  • Summary: Novel survey shows how concerned people are about climate change, how they view mitigation polices, and what drives support for climate action
• Charting Globalization’s Turn to Slowbalization After Global Financial Crisis
  • Published: February 8, 2023
  • Authors: Shekhar Aiyar, Anna Ilyina
  • Summary: Trade openness increased after the Second World War, but has slowed following the global financial crisis
• Looser Financial Conditions Pose Conundrum for Central Banks
  • Published: February 2, 2023
  • Authors: Tobias Adrian, Christopher Erceg, Fabio Natalucci
  • Summary: Despite sharp monetary policy tightening, financial conditions have eased around much of the globe, posing a challenge for central banks
• Latin America Faces Slowing Growth and High Inflation Amid Social Tensions
  • Published: February 1, 2023
  • Authors: Gustavo Adler, Nigel Chalk, Anna Ivanova
  • Summary: Restoring macro stability and boosting growth will require carefully-crafted policies that will help mitigate discontent
• Countries Should Act Now to Limit Rising Risks From Corporate Distress
  • Published: January 31, 2023
  • Authors: Burcu Hacibedel, Ritong Qu
  • Summary: Sharp rises in global interest rates could spark corporate distress and pose wider problems for many economies
• Global Economy to Slow Further Amid Signs of Resilience and China Re-opening
  • Published: January 30, 2023
  • Authors: Pierre-Olivier Gourinchas
  • Summary: The fight against inflation is starting to pay off, but central banks must continue their efforts
• Global Economic Uncertainty Remains Elevated, Weighing on Growth
  • Published: January 26, 2023
  • Authors: Hites Ahir, Nicholas Bloom, Davide Furceri
  • Summary: From Brexit and US-China trade tensions to the pandemic and war, successive shocks have combined to keep uncertainty elevated
• Crypto Contagion Underscores Why Global Regulators Must Act Fast to Stem Risk
  • Published: January 18, 2023
  • Authors: Bo Li, Nobuyasu Sugimoto
  • Summary: Stronger financial regulation and supervision, and developing global standards, can help address many concerns about crypto assets
• Confronting Fragmentation Where It Matters Most: Trade, Debt, and Climate Action
  • Published: January 16, 2023
  • Authors: Kristalina Georgieva
  • Summary: Fragmentation could make it even more difficult to help many vulnerable emerging and developing economies that have been hard hit by multiple shocks
• Asia's Productivity Needs a Boost That Digitalization Can Provide
  • Published: January 10, 2023
  • Authors: Antoinette M. Sayeh, Era Dabla-Norris, Tidiane Kinda
  • Summary: Amid slowing global growth, promoting technological adoption and closing digital divides can help the region boost aggregate productivity and economic output
• How Economies and Financial Systems Can Better Gauge Climate Risks
  • Published: January 4, 2023
  • Authors: Tobias Adrian, Vikram Haksar, Ivo Krznar
  • Summary: With the right tools, policymakers can help to manage the climate risks impacting economies and financial systems

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Source: https://www.imf.org/en/blogs/archive/2023