Global

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Contents

• What Governments Should Do When Food Prices Surge
  • Published: September 17, 2026
  • Authors: David Amaglobeli, Rodrigo Cerda, Tewodaj Mogues, Patrizia Tumbarello
  • Summary: The right choice between subsidies, vouchers, or in-kind distribution can help countries save precious resources
• Rethinking Central Bank Communication in an Uncertain World
  • Published: August 26, 2026
  • Authors: Tobias Adrian
  • Summary: In a world of frequent shocks, central bank communications should anchor expectations by explaining how policy responds to changing conditions, rather than committing to a fixed path
• Well-Designed Regulatory and Institutional Reforms Can Boost Economic Growth
  • Published: August 25, 2026
  • Authors: Nicolas Fernandez-Arias, Marwa Ibrahim, Colombe Ladreit
  • Summary: Many G20 economies face constraints from excessive labor, product-market, or consumer regulations, an IMF survey shows
• New Economics Books Explore Trade, Finance, and a Changing World Order
  • Published: August 6, 2026
  • Authors: IMF Blog Editors
  • Summary: Authors probe complex issues to shed light on global economic challenges
• Rising Global Imbalances Underscore Need to Confront Domestic Distortions
  • Published: July 30, 2026
  • Authors: Jiaqian Chen, Josef Platzer
  • Summary: Sustained rebalancing requires policy action in both surplus and deficit countries
• How Central Banks Can Contain Financial Stability Risks as AI Accelerates Change
  • Published: July 23, 2026
  • Authors: Tobias Adrian
  • Summary: Stronger oversight, better data, and deeper coordination are needed to safeguard faster and more interconnected markets
• Sovereign Wealth Funds Need Legal Clarity as Their Scale and Mandates Expand
  • Published: July 21, 2026
  • Authors: Yan Liu
  • Summary: With the rise of more expansive investment models, it is time to renew focus on sound legal frameworks
• The Oil Market Absorbed the War Shock, but Buffers Are Running Low
  • Published: July 15, 2026
  • Authors: Jean-Marc Natal, Azim Sadikov
  • Summary: Less demand, more production, and inventory drawdowns prevented a larger price spike. A quick supply recovery is essential to avoid further damage to the global economy
• Tokenization Can Change The World's Financial Architecture
  • Published: July 2, 2026
  • Authors: Tobias Adrian
  • Summary: Policy choices will determine whether tokenized finance strengthens or fragments the financial system
• The Energy Shock Is Testing Government Budgets
  • Published: June 18, 2026
  • Authors: Era Dabla-Norris, Christian Mumssen, Rodrigo Valdés, Daria Zakharova
  • Summary: New policy tracker shows many governments pursuing costly responses to fuel and food price hikes, leaving less room to address future challenges
• Global Economy Endures War Shock—So Far
  • Published: June 15, 2026
  • Authors: Kristalina Georgieva
  • Summary: An overall resilient world economy masks significant differences among countries and regions. Energy importers and countries with limited policy space are most vulnerable
• World Rethinks Geoeconomic Calculus in a More Contested Era
  • Published: June 2, 2026
  • Authors: Gita Bhatt
  • Summary: Economic thinking must evolve to account for a shift in how nations pursue security, growth, and influence
• Industrial Policy Is Adapting to Crises, but Remains Hard to Implement Effectively
  • Published: May 28, 2026
  • Authors: Adam Jakubik, Florence Jaumotte, Samuel Pienknagura, Michele Ruta
  • Summary: As governments intervene more, evidence shows that the benefits are modest and depend on thoughtful design
• Responding to the Energy and Food Price Shock: Getting the Policy Details Right
  • Published: May 20, 2026
  • Authors: Pierre-Olivier Gourinchas, Borja Gracia, Delphine Prady, Rodrigo Valdés
  • Summary: Governments can protect vulnerable households, keep businesses open, and preserve price signals without straining public finances
• Financial Stability Risks Mount as Artificial Intelligence Fuels Cyberattacks
  • Published: May 7, 2026
  • Authors: Tobias Adrian, Tamas Gaidosch, Rangachary Ravikumar
  • Summary: Resilience, supervision, and international coordination are essential to safeguarding global financial markets as new AI tools enable attackers
• Developing Countries Feel Squeeze From Lower Natural Resource Revenue, Falling Foreign Aid
  • Published: May 4, 2026
  • Authors: Mario Mansour, Fayçal Sawadogo
  • Summary: Fiscal pressures in developing countries make stronger domestic revenue systems more important than ever
• Global Disruptions Are Testing How the World Moves Goods and People
  • Published: April 29, 2026
  • Authors: IMF Blog Editors
  • Summary: Shipping and flight disruptions highlight new fault lines in the global economy and their costs for growth and livelihoods
• How the Middle East War Has Affected Oil Exporters and Importers
  • Published: April 22, 2026
  • Authors: Carlos Guevara, Andrew Mayeda, Ken Nakagawa, Andrew Stanley
  • Summary: Countries face vastly different exposure to higher oil prices and supply uncertainty, shaped by whether they import or export, and how much policy space they have to respond
• War Shock Requires Disciplined Fiscal Reaction
  • Published: April 15, 2026
  • Authors: Krzysztof Bankowski, Natasha X Che, Era Dabla-Norris, Rodrigo Valdés
  • Summary: Middle East conflict intensifies global uncertainty at a time of strained public finances, underscoring the need for policies that preserve future stability
• War in the Middle East Challenges Global Financial Stability
  • Published: April 14, 2026
  • Authors: Tobias Adrian
  • Summary: Markets have been broadly orderly so far—but financial stability risks are elevated
• War Darkens Global Economic Outlook and Reshapes Policy Priorities
  • Published: April 14, 2026
  • Authors: Pierre-Olivier Gourinchas
  • Summary: The Middle East conflict halted growth momentum. The right policies and stronger global cooperation are needed to contain the damage.
• Wars Impose Lasting Economic Costs, While More Defense Spending Means Hard Choices
  • Published: April 8, 2026
  • Authors: Hippolyte Balima, Andresa Lagerborg, Evgenia Weaver
  • Summary: Rising defense spending requires difficult fiscal choices to avoid raising vulnerabilities, while post-war recovery hinges on policies to reduce uncertainty, rebuild capital, and help displaced people return home
• As Emerging Markets Attract More Nonbank Capital, They Also Face New Challenges
  • Published: April 7, 2026
  • Authors: Salih Fendoglu, Mahvash S. Qureshi, Felix Suntheim
  • Summary: Nonbank financial investors expand funding access for emerging markets, but their flows are highly sensitive to shifts in global risk sentiment
• Global Imbalances: Old Questions, New Answers?
  • Published: April 6, 2026
  • Authors: Pierre-Olivier Gourinchas, Christian Mumssen
  • Summary: Widening global current account imbalances are best addressed by simultaneous domestic policy adjustments. Industrial policy and tariffs offer a costly fix with unreliable effects on imbalances.
• How the War in the Middle East Is Affecting Energy, Trade, and Finance
  • Published: March 30, 2026
  • Authors: Tobias Adrian, Jihad Azour, Nigel Chalk, Pierre-Olivier Gourinchas, Alfred Kammer, Abebe Aemro Selassie, Krishna Srinivasan, Rodrigo Valdés
  • Summary: Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly
• How Fragile States Can Gain by Strengthening Institutions and Core Capacities
  • Published: March 18, 2026
  • Authors: Paul M. Bisca, Alexei Miksjuk, Christian Mumssen, Gaëlle Pierre
  • Summary: The costs of fragility are high, but judicious economic policies can help foster trust and support economic stability and growth
• Adequate Reserves Shield Economies From Shocks and Strengthen Resilience
  • Published: March 5, 2026
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Building foreign exchange reserves requires sound policies and takes time, but global efforts to lower the cost of holding them can help
• Debt Confronts Policymakers With Difficult Trade-offs
  • Published: March 4, 2026
  • Authors: Gita Bhatt
  • Summary: There are few elegant, easy, or politically attractive ways to reduce debt
• Stock-Bond Diversification Offers Less Protection From Market Selloffs
  • Published: February 18, 2026
  • Authors: Tobias Adrian, Johannes Kramer, Sheheryar Malik
  • Summary: Diversification has become harder since 2020 as stocks and bonds tend to move in tandem during sharp selloffs, adding to financial stability concerns
• Global Economy Shakes Off Tariff Shock Amid Tech-Driven Boom
  • Published: January 19, 2026
  • Authors: Tobias Adrian, Pierre-Olivier Gourinchas
  • Summary: But risks are rising, including from the concentration of tech investment and the negative effects of trade disruptions, which may build over time
• New Skills and AI Are Reshaping the Future of Work
  • Published: January 14, 2026
  • Authors: Kristalina Georgieva
  • Summary: Policy choices will determine whether workers and firms are adequately prepared for the AI revolution
• Top 10 Blogs of 2025
  • Published: December 29, 2025
  • Authors: Jeff Kearns
  • Summary: Debt, Stablecoins, AI, and Global Economy’s New Era Drew Blog Readers
• Top Five IMF Blog Charts of 2025
  • Published: December 22, 2025
  • Authors: Andrew Stanley
  • Summary: Chart of the Week visuals illustrate major developments during a year of uncertainty and resilience
• How Stablecoins Can Improve Payments and Global Finance
  • Published: December 4, 2025
  • Authors: Tobias Adrian, Marcello Miccoli, Nobuyasu Sugimoto
  • Summary: New technology can foster innovation and financial inclusion, or cause fragmentation and turbulence in many countries
• Better Economic Measurement Is About Wiser Use, Not Just More Data
  • Published: December 3, 2025
  • Authors: Gita Bhatt
  • Summary: Statistics are a means, not an end, that should serve the public by helping us see the world more clearly and make better decisions
• Industrial Policy Can Lift Productivity—but Comes With Risks and Trade-offs
  • Published: November 25, 2025
  • Authors: Shekhar Aiyar, Mehdi Benatiya Andaloussi
  • Summary: Potential gains in targeted sectors and overall are not guaranteed and depend on careful policy design and implementation
• Policy Actions Can Reinforce Growth Progress in Many G20 Economies
  • Published: November 19, 2025
  • Authors: Nicolas Fernandez-Arias, Shushanik Hakobyan
  • Summary: Concerted action on economic reforms can help the G20 achieve the group’s collective growth ambitions, but the reforms with the biggest payoff vary across countries
• Growth of Nonbanks is Revealing New Financial Stability Risks
  • Published: October 14, 2025
  • Authors: Tobias Adrian
  • Summary: Policymakers should strengthen oversight of nonbank financial intermediaries, whose increasing interconnectedness with banks could exacerbate adverse shocks
• Global Economic Outlook Shows Modest Change Amid Policy Shifts and Complex Forces
  • Published: October 14, 2025
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Dialing down uncertainty, reducing vulnerabilities, and investing in innovation can help deliver durable economic gains
• Spending Smarter to Boost Growth
  • Published: October 7, 2025
  • Authors: Era Dabla-Norris, Davide Furceri, Zsuzsa Munkacsi, Galen Sher
  • Summary: Spending more efficiently and reallocating public funds toward investment and innovation can be a powerful growth strategy
• Economic Uncertainty Can Test the Resilience of the Foreign Exchange Market
  • Published: October 7, 2025
  • Authors: Andrea Deghi, Mahvash S. Qureshi, Tomohiro Tsuruga
  • Summary: Policymakers should enhance market surveillance through systemic risk monitoring including stress testing and scenario analysis
• Good Policies (and Good Luck) Helped Emerging Economies Better Resist Shocks
  • Published: October 6, 2025
  • Authors: Marijn Bolhuis, Arindam Roy, Patrick Schneider, Zhao Zhang
  • Summary: Stronger fiscal and monetary policy frameworks and more developed local currency debt markets have supported emerging market resilience
• Dollar’s Share of Reserves Held Steady in Second Quarter When Adjusted for FX Moves
  • Published: October 1, 2025
  • Authors: Glen Kwende, Erin Nephew, Carlos Sánchez-Muñoz
  • Summary: Exchange-rate effects drove nearly all the decline in the US currency’s share of foreign exchange reserves
• Explainer: Five Megatrends Shaping the Rise of Nonbank Finance
  • Published: September 29, 2025
  • Authors: Jay Surti
  • Summary: Half of all financial assets worldwide are now held and intermediated by companies that are not classified and regulated as banks
• Fiscal Rules Foster Stability as Spending Pressures Grow
  • Published: September 25, 2025
  • Authors: Era Dabla-Norris, Raphael Lam, Francisco Roch
  • Summary: Prudent anchors, corrective mechanisms, and supportive institutions can help countries comply with their fiscal rules and commit to sound public finances
• Stress Tests Can Help Determine How Much Capital Central Banks Need
  • Published: September 19, 2025
  • Authors: Romain Veyrune
  • Summary: Assessments can help clarify the appropriate capitalization to best ensure a sound institutional financial position
• Global Debt Remains Above 235% of World GDP
  • Published: September 17, 2025
  • Authors: Vitor Gaspar, Carlos Eduardo Goncalves, Marcos Poplawski-Ribeiro
  • Summary: Decline in private lending offsets increase in public borrowing; notable differences persist across countries and income groups.
• How Stablecoins and Other Financial Innovations May Reshape the Global Economy
  • Published: September 4, 2025
  • Authors: Gita Bhatt
  • Summary: Policymakers will need to achieve a difficult balance between benefits and risks while safeguarding both individual consumers and financial stability
• New Standards for Economic Data Aim to Sharpen View of Global Economy
  • Published: July 31, 2025
  • Authors: Vladimir Klyuev, James Tebrake
  • Summary: The updated System of National Accounts better captures digitalization, intangible assets, and global production—helping governments support growth, jobs, and investment
• Global Current Account Balances Widen, Reversing Narrowing Trend
  • Published: July 22, 2025
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Growing imbalances in largest economies underscore need for concerted adjustment in domestic macroeconomic policies
• Poorest Countries and Fragile States Are Increasingly Falling Behind
  • Published: June 26, 2025
  • Authors: Guillaume Chabert, Robert Powell
  • Summary: Support for developing countries should focus on grants and highly concessional loans for the poorest and fragile countries and helping the more advanced crowd in foreign investment and private finance
• Explainer: How the IMF Finances Itself and Why it Matters for the Global Economy
  • Published: June 25, 2025
  • Authors: Julie Kozack, Bernard Lauwers
  • Summary: Countries can count their contributions to the IMF as their own reserve assets under a unique funding model that does not require budget appropriations or any other taxpayer support
• Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs
  • Published: June 12, 2025
  • Authors: Yan Liu
  • Summary: Greater debt transparency builds investor confidence, helps reduce borrowing costs, and strengthens debt sustainability—reducing the risk of shocks that can lead to a debt crisis
• Debt is Higher and Rising Faster in 80 Percent of Global Economy
  • Published: May 29, 2025
  • Authors: Era Dabla-Norris, Davide Furceri
  • Summary: Fiscal Policy under mounting uncertainty means government budgets need resilience—particularly in countries whose economic weight makes them influence global trends
• Fostering Core Government Bond Market Resilience
  • Published: May 21, 2025
  • Authors: Tobias Adrian, Kleopatra Nikolaou, Jason Wu
  • Summary: Policymakers should broaden central clearing and monitor market-making, including by nonbank financial institutions, while dealers must continue to build resilience
• AI Needs More Abundant Power Supplies to Keep Driving Economic Growth
  • Published: May 13, 2025
  • Authors: Christian Bogmans, Patricia Gomez-Gonzalez, Giovanni Melina, Sneha Thube
  • Summary: The power-hungry technology requires policies to help expand electricity supplies, incentivize alternative sources, and help contain price surges
• Rising Global Debt Requires Countries to Put their Fiscal House in Order
  • Published: April 23, 2025
  • Authors: Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro
  • Summary: Amid heightened uncertainty, policymakers will need to deal with complex trade-offs between debt, slower growth, and new spending pressures
• Enhancing Financial Stability for Resilience During Uncertain Times
  • Published: April 22, 2025
  • Authors: Tobias Adrian
  • Summary: Risks have risen as financial conditions tightened, with key vulnerabilities ahead
• The Global Economy Enters a New Era
  • Published: April 22, 2025
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Amid trade tensions and high policy uncertainty, the path forward will be determined by how challenges are confronted and opportunities embraced
• How to Build Public Support for Energy Subsidy and Pension Reforms
  • Published: April 16, 2025
  • Authors: Era Dabla-Norris, Davide Furceri, Mauricio Soto
  • Summary: Public approval is crucial for carrying out difficult reforms that can help countries lower debt and increase growth
• Migration and Refugee Policies Steer People, and Economies, in New Directions
  • Published: April 15, 2025
  • Authors: Paula Beltran Saavedra, Nicolas Fernandez-Arias, Samuel Mann, Carolina Osorio-Buitron
  • Summary: When destination countries tighten migration and refugee policies, it has economic ripple effects elsewhere
• How Rising Geopolitical Risks Weigh on Asset Prices
  • Published: April 14, 2025
  • Authors: Salih Fendoglu, Mahvash S. Qureshi, Felix Suntheim
  • Summary: Heightened tensions can hurt stock markets, raise government borrowing costs, and pose risks to financial stability
• How Sound Economic Policy Can Help Prevent Conflict
  • Published: March 13, 2025
  • Authors: Franck Bousquet, Paul M. Bisca, Christopher Rauh, Benjamin Seimon
  • Summary: Simulations that incorporate machine learning-based predictions of conflict suggest large payoffs from preventive policies, including efforts to promote macroeconomic stability and growth
• How Talent Fuels Growth
  • Published: March 4, 2025
  • Authors: Gita Bhatt
  • Summary: Smart policies that help people realize their potential can be game-changing for entire societies
• How AI Can Help Both Tax Collectors and Taxpayers
  • Published: February 25, 2025
  • Authors: Thomas Cantens, Herve Tourpe
  • Summary: New generative AI tools can redefine the relationship between governments and citizens, but strong leadership and safeguards are fundamental.
• Foreign Direct Investment Increased to a Record $41 Trillion
  • Published: February 20, 2025
  • Authors: Topias Leino, Maja Gavrilovic
  • Summary: India, Mexico, Brazil, and some other major emerging economies recorded strong growth, while the United States continued to extend its lead as the top destination for direct investment
• Rising Rates May Trigger Financial Instability, Complicating Fight Against Inflation
  • Published: February 13, 2025
  • Authors: Katharina Bergant, Mai Hakamada, Divya Kirti, Rui C. Mano
  • Summary: Banking systems are largely insulated from inflation, but vulnerabilities at some banks could lead to tradeoffs between containing inflation and protecting financial stability
• As One Cycle Ends, Another Begins Amid Growing Divergence
  • Published: January 17, 2025
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Growth divergences persist and could widen, while policy shifts may reignite inflation pressures in some countries
• Artificial Intelligence, Dollar, Growth, and Debt Drove 2024 Blog Readership
  • Published: December 30, 2024
  • Authors: Jeff Kearns
  • Summary: Complex global economic challenges, and the careful policy responses that the world needs to foster sustainable growth and financial stability, were the most popular
• Housing’s Unique Role in Lives and Economies Demands Greater Understanding
  • Published: December 4, 2024
  • Authors: Gita Bhatt
  • Summary: Affordability and other complex housing issues challenging governments can be better revealed in broader economic analysis
• Persistent Fall in Private Borrowing Brings Global Debt Down
  • Published: December 2, 2024
  • Authors: Vitor Gaspar, Carlos Gonçalves, Marcos Poplawski-Ribeiro
  • Summary: Empirical analysis points to low growth prospects as the main driver of this trend in 2023.
• G20 Economies Should Target Reforms to Boost Medium-Term Growth Prospects
  • Published: November 21, 2024
  • Authors: Paula Beltran Saavedra, Nicolas Fernandez-Arias, Chanpheng Fizzarotti, Alberto Musso
  • Summary: Improving fiscal policy frameworks, fostering education and skills, and supporting the green transition can help ensure strong, sustainable, balanced, and inclusive growth
• How Property Taxes Can Help Low-Income Countries to Develop
  • Published: November 11, 2024
  • Authors: Martin Grote, Mario Mansour, Jean-François Wen
  • Summary: Satellites, drones, and the right policies can help countries increase revenue by up to 10 times at the local level
• As Inflation Recedes, Global Economy Needs Policy Triple Pivot
  • Published: October 22, 2024
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Growth is projected to hold steady, but amid weakening prospects and rising threats, the world needs a shift in policy gears
• Global Financial Fragilities Mount Despite Rate Cuts and Buoyant Markets
  • Published: October 22, 2024
  • Authors: Tobias Adrian, Sheheryar Malik, Jason Wu
  • Summary: Increased investor risk-taking could fuel vulnerabilities
• Support for Economic Reforms Hinges on Communication, Engagement, and Trust
  • Published: October 16, 2024
  • Authors: Silvia Albrizio, Bertrand Gruss, Yu Shi
  • Summary: Effective communication, civic engagement, and earning the public's trust are the keys to advance pro-growth reforms
• Global Inflationary Episode Offers Lessons for Monetary Policy
  • Published: October 16, 2024
  • Authors: Jorge Alvarez, Alberto Musso, Jean-Marc Natal, Sebastian Wende
  • Summary: The inflation surge followed a unique disruption to the global economy, but it still offers important lessons for central banks
• How High Economic Uncertainty May Threaten Global Financial Stability
  • Published: October 15, 2024
  • Authors: Mario Catalán, Andrea Deghi, Mahvash S. Qureshi
  • Summary: Unknowns raise risk of financial market volatility and a sharp decline in economic growth
• Artificial Intelligence Can Make Markets More Efficient—and More Volatile
  • Published: October 15, 2024
  • Authors: Nassira Abbas, Charles Cohen, Dirk Jan Grolleman, Benjamin Mosk
  • Summary: AI-driven trading could lead to faster and more efficient markets, but also higher trading volumes and greater volatility in times of stress
• Global Public Debt Is Probably Worse Than it Looks
  • Published: October 15, 2024
  • Authors: Era Dabla-Norris, Davide Furceri, Raphael Lam, Jeta Menkulasi
  • Summary: Elevated risks to public debt call for enduring and carefully designed fiscal adjustments
• When Foreign Exchange Intervention Can Best Help Countries Navigate Shocks
  • Published: October 10, 2024
  • Authors: Suman Basu, Sonali Das, Olamide Harrison, Erlend Nier
  • Summary: Intervention, when appropriate, should be used as part of an integrated policy approach that incorporates other policy levers to mitigate risks
• Why Women Risk Losing Out in Shift to Green Jobs
  • Published: October 7, 2024
  • Authors: Stefania Fabrizio, Florence Jaumotte, Marina M. Tavares
  • Summary: Closing the gender gap in science, technology, engineering, and math would accelerate the green transition while making it more inclusive
• Political Parties of all Stripes are Pushing for Higher Government Spending
  • Published: September 16, 2024
  • Authors: Era Dabla-Norris, Enrico Di Gregorio, Yongquan Cao
  • Summary: Large fiscal deficits and elevated debt levels call for greater fiscal prudence, but political forces are pulling in the opposite way
• Fed Rate Cuts May Help Revive Bond Flows to Emerging, Developing Economies
  • Published: September 5, 2024
  • Authors: Paula Arias, Robin Koepke
  • Summary: Some higher risk countries still face high costs for selling foreign-currency denominated debt to investors after major central banks raised interest rates
• Sustained Economic Growth Hinges on Productivity Gains as Populations Age
  • Published: September 4, 2024
  • Authors: Gita Bhatt
  • Summary: A productivity slump is eroding living standards and imperiling financial and social stability
• Women Lead Record Number of Central Banks, but More Progress is Needed
  • Published: August 29, 2024
  • Authors: The Editors
  • Summary: New governors in Bosnia and Herzegovina and Papua New Guinea lifted the share of central banks with women leaders to 16 percent
• Economics Authors Confront Toughest Questions on Data, History, and Theory
  • Published: August 21, 2024
  • Authors: The Editors
  • Summary: New books offer fresh perspectives on climate, China, and John Maynard Keynes
• Carbon Emissions from AI and Crypto Are Surging and Tax Policy Can Help
  • Published: August 15, 2024
  • Authors: Shafik Hebous, Nate Vernon-Lin
  • Summary: Crypto mining and data centers now account for 2 percent of global electricity use and nearly 1 percent of global emissions, and their footprint is growing.
• Now Is the Time to Help Countries Faced with Liquidity Challenges
  • Published: August 1, 2024
  • Authors: Ceyla Pazarbasioglu, Pablo Saavedra
  • Summary: With elevated debt service squeezing the space available to finance much needed investment in many countries, urgent action is needed to boost fiscal space, maintain adequate international support, and reduce debt servicing costs.
• A Low-Growth World Is an Unequal, Unstable World
  • Published: July 23, 2024
  • Authors: Kristalina Georgieva
  • Summary: Long periods of slow economic growth can cause a jump in inequality. But a balanced set of policies can stave off that outcome.
• Financial Stability Implications of Emerging Market Currency Developments
  • Published: July 22, 2024
  • Authors: Tobias Adrian, Fabio Natalucci, Jason Wu
  • Summary: Currencies have depreciated to varying degrees in emerging market economies as interest rate differentials with the United States narrowed
• Global Growth Steady Amid Slowing Disinflation and Rising Policy Uncertainty
  • Published: July 16, 2024
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Major economies are becoming more aligned, but the world’s medium-term prospects remain weak
• Emerging Markets Show Resilience Despite Global Monetary Tightening
  • Published: July 12, 2024
  • Authors: Cian Allen, Rudolfs Bems
  • Summary: Unlike past episodes, emerging market capital flows have remained largely resilient in the face of global monetary tightening, even as global capital flows have fallen
• Integrating Economic and Climate Data Will Strengthen Climate Policy
  • Published: July 9, 2024
  • Authors: James Tebrake, Francien Berry, Darja Milic
  • Summary: Data Gaps Initiative helps policymakers better understand the environmental impact of economic activities and the effectiveness of climate policies
• Sovereign Debt Restructuring Process Is Improving Amid Cooperation and Reform
  • Published: June 26, 2024
  • Authors: Ceyla Pazarbasioglu
  • Summary: Agreements taking shape at a faster pace are reducing uncertainty for countries and investors.
• Mapping the World's Readiness for Artificial Intelligence Shows Prospects Diverge
  • Published: June 25, 2024
  • Authors: Giovanni Melina
  • Summary: New AI Preparedness Index Dashboard tracks 174 economies based on their digital infrastructure, human capital, labor policies, innovation, integration and regulation
• Fiscal Policy Can Help Broaden the Gains of AI to Humanity
  • Published: June 17, 2024
  • Authors: Era Dabla-Norris, Ruud de Mooij
  • Summary: The AI transition will require stronger social safety nets, investment in education, and tax systems that support human workers and mitigate inequality
• Dollar Dominance in the International Reserve System: An Update
  • Published: June 11, 2024
  • Authors: Serkan Arslanalp, Barry Eichengreen, Chima Simpson-Bell
  • Summary: The US dollar continues to cede ground to nontraditional currencies in global foreign exchange reserves, but it remains the preeminent reserve currency
• As IMF Turns 80, Mounting Global Challenges Mean World Must Work Together
  • Published: June 4, 2024
  • Authors: Gita Bhatt
  • Summary: Our biggest challenges—from global warming to demographic and technological transformations—cannot be resolved by countries acting alone.
• Why Our World Needs Fiscal Restraint in Biggest-Ever Election Year
  • Published: April 17, 2024
  • Authors: Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro, Jiae Yoo
  • Summary: Governments should stay the course on fiscal consolidation amid mounting debt.
• Central Banks Must Remain Vigilant Along the Last Mile of Disinflation
  • Published: April 16, 2024
  • Authors: Tobias Adrian
  • Summary: The decline of inflation could be stalling in some economies
• Global Economy Remains Resilient Despite Uneven Growth, Challenges Ahead
  • Published: April 16, 2024
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Policymakers should prioritize steps toward greater economic resilience such as strengthening government finances and revitalizing economic growth prospects.
• Industrial Policy is Back But the Bar to Get it Right Is High
  • Published: April 12, 2024
  • Authors: Anna Ilyina, Ceyla Pazarbasioglu, Michele Ruta
  • Summary: More data, analysis and dialogue are needed to avoid costly mistakes
• Industrial Policy Is Not a Magic Cure for Slow Growth
  • Published: April 10, 2024
  • Authors: Era Dabla-Norris, Daniel Garcia-Macia, Vitor Gaspar, Li Liu
  • Summary: It can be tempting for countries to turn to industrial policy, but a policy mix supporting innovation more broadly can help boost economic growth
• World Must Prioritize Productivity Reforms to Revive Medium-Term Growth
  • Published: April 10, 2024
  • Authors: Nan Li, Diaa Noureldin
  • Summary: Without ambitious steps to enhance productivity, global growth is set to fall far below its historical average
• Rising Cyber Threats Pose Serious Concerns for Financial Stability
  • Published: April 9, 2024
  • Authors: Fabio Natalucci, Mahvash S. Qureshi, Felix Suntheim
  • Summary: Greater digitalization and heightened geopolitical tensions imply that the risk of a cyberattack with systemic consequences has risen
• Emerging Markets Are Exercising Greater Global Sway
  • Published: April 9, 2024
  • Authors: Nicolas Fernandez-Arias, Alberto Musso, Carolina Osorio-Buitron, Adina Popescu
  • Summary: Policymakers must be ready to manage greater spillovers to the global economy as emerging markets’ influence grows
• Fast-Growing $2 Trillion Private Credit Market Warrants Closer Watch
  • Published: April 8, 2024
  • Authors: Charles Cohen, Caio Ferreira, Fabio Natalucci, Nobuyasu Sugimoto
  • Summary: Rapid growth of this opaque and highly interconnected segment of the financial system could heighten financial vulnerabilities given its limited oversight
• Housing is One Reason Not All Countries Feel Same Pinch of Higher Interest Rates
  • Published: April 8, 2024
  • Authors: Mehdi Benatiya Andaloussi, Nina Biljanovska, Alessia De Stefani, Rui C. Mano
  • Summary: Effects may be delayed in some countries: if interest rates remain higher for longer, homeowners will likely feel their effects as mortgage rates adjust
• Hidden Debt Hurts Economies. Better Disclosure Laws Can Help Ease the Pain.
  • Published: April 2, 2024
  • Authors: Alissa Ashcroft, Karla Vasquez, Rhoda Weeks-Brown
  • Summary: Domestic laws need updating to ensure that public obligations are transparent
• The Fiscal and Financial Risks of a High-Debt, Slow-Growth World
  • Published: March 28, 2024
  • Authors: Tobias Adrian, Vitor Gaspar, Pierre-Olivier Gourinchas
  • Summary: Higher long-term real interest rates, lower growth, and higher debt will put pressure on medium-term fiscal trends and financial stability
• Strengthen Central Bank Independence to Protect the World Economy
  • Published: March 21, 2024
  • Authors: Kristalina Georgieva
  • Summary: Independence is critical to winning the fight against inflation and achieving stable long-term economic growth, but policymakers risk facing pressure amid a wave of elections this year
• More Work is Needed to Make Big Banks Resolvable
  • Published: March 18, 2024
  • Authors: Tobias Adrian, Marc Dobler
  • Summary: Last year's turmoil showed that further progress is required in a number of areas to ensure banks aren’t too big to fail
• Beyond Efficiency: A More-human Economics
  • Published: March 4, 2024
  • Authors: Gita Bhatt
  • Summary: There is a growing consensus that the economics profession must be open to new ideas and frameworks if it hopes to solve the world’s biggest problems
• How the G20 Can Build on the World Economy’s Recent Resilience
  • Published: February 26, 2024
  • Authors: Kristalina Georgieva
  • Summary: The G20 has an important opportunity to shift focus from firefighting against successive shocks to a medium-term agenda that supports strong, sustainable, balanced, and inclusive growth.
• Emerging Markets Navigate Global Interest Rate Volatility
  • Published: January 31, 2024
  • Authors: Tobias Adrian, Fabio Natalucci, Jason Wu
  • Summary: Major emerging markets have shown resilience to global rate gyrations, but more challenging times could be ahead
• Global Economy Approaches Soft Landing, but Risks Remain
  • Published: January 30, 2024
  • Authors: Pierre-Olivier Gourinchas
  • Summary: Policy focus must shift to repairing public finances and improving medium-term growth prospects
• How to Ease Rising External Debt-Service Pressures in Low-Income Countries
  • Published: January 24, 2024
  • Authors: Allison Holland, Ceyla Pazarbasioglu
  • Summary: Debt servicing costs are increasing rapidly while annual refinancing needs have tripled to about $60 billion
• US Commercial Real Estate Remains a Risk Despite Investor Hopes for Soft Landing
  • Published: January 18, 2024
  • Authors: Andrea Deghi, Fabio Natalucci, Mahvash S. Qureshi
  • Summary: One of the steepest price declines in at least a half century heightens risks to investors and lenders
• AI Will Transform the Global Economy. Let’s Make Sure It Benefits Humanity.
  • Published: January 14, 2024
  • Authors: Kristalina Georgieva
  • Summary: AI will affect almost 40 percent of jobs around the world, replacing some and complementing others. We need a careful balance of policies to tap its potential
• Charts Spotlight Inflation, Economic Growth, Globalization, and Climate Change
  • Published: January 12, 2024
  • Authors: The Editors
  • Summary: A look back at the most popular charts on IMF Blog in 2023
• Housing Affordability Remains Stretched Amid Higher Interest Rate Environment
  • Published: January 11, 2024
  • Authors: Nassira Abbas, Corrado Macchiarelli
  • Summary: Prospective home buyers face high prices and elevated borrowing costs, while homeowners refrain from listing their properties
• How Training and Advice Can Speed Cross-Border Payments and Cut Costs
  • Published: January 3, 2024
  • Authors: Kieran Murphy
  • Summary: Cheaper cross-border payment services would benefit people and economies worldwide
• 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
• 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
• 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.
• 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
• 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
• 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
• 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
• 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.
• 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
• 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
• 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.
• 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
• 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
• 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
• 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
• 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
• 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.
• 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
• 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
• 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
• 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
• Top 10 Blogs of 2022 Chronicle Onslaught of War, Inflation, Dollar Surge
  • Published: December 29, 2022
  • Authors: Jeff Kearns
  • Summary: Readers focus on war’s impact on the world, the repercussions of a strong dollar, and what policies can help revive economic growth
• The Global Economy's Turbulent Year in Five Charts
  • Published: December 27, 2022
  • Authors: Andrew Stanley
  • Summary: Visualizations depict effects of war and inflation—and how they have changed as a new year beckons
• Countries Hurt by War and Fragility Need Strong Global Partnerships, Resources
  • Published: December 22, 2022
  • Authors: Jihad Azour, Franck Bousquet, Abebe Aemro Selassie
  • Summary: Supporting fragile and conflict-affected states in an age of compound crises is essential for global stability
• From Crypto to Central Bank Digital Currency, Podcast Tracks Fintech Boom
  • Published: December 21, 2022
  • Authors: Tobias Adrian, Tara Iyer
  • Summary: Our series examines how regulators, investors and central banks are embracing the promise—and bracing for the peril—of evolving financial technologies
• Swapping Debt for Climate or Nature Pledges Can Help Fund Resilience
  • Published: December 14, 2022
  • Authors: Kristalina Georgieva, Marcos Chamon, Vimal Thakoor
  • Summary: Innovative debt swaps can help governments that have limited access to traditional grants or debt relief
• Riding the Global Debt Rollercoaster
  • Published: December 12, 2022
  • Authors: Vitor Gaspar, Paulo Medas, Roberto Perrelli
  • Summary: The weaker growth outlook and tighter monetary policy call for prudence in managing debt and conducting fiscal policy
• Global Food Prices to Remain Elevated Amid War, Costly Energy, La Niña
  • Published: December 9, 2022
  • Authors: Christian Bogmans, Andrea Pescatori, Ervin Prifti
  • Summary: Interest-rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer
• Climate Security and Energy Security Must Go Hand-in-Hand
  • Published: December 1, 2022
  • Authors: Gita Bhatt
  • Summary: Finance & Development magazine examines where the green energy transition stands amid geopolitical tensions
• Bridging Data Gaps Can Help Tackle the Climate Crisis
  • Published: November 28, 2022
  • Authors: Bo Li, Bert Kroese
  • Summary: A new data gaps initiative will play an important role in addressing climate-related data deficits
• How Fiscal Restraint Can Help Fight Inflation
  • Published: November 21, 2022
  • Authors: Tobias Adrian, Vitor Gaspar
  • Summary: Fiscal policy can ease the task of monetary policy in reducing inflation while mitigating risks to financial stability
• How Blended Finance Can Support Climate Transition in Emerging and Developing Economies
  • Published: November 15, 2022
  • Authors: Bo Li, Fabio Natalucci, Prasad Ananthakrishnan
  • Summary: Innovative instruments and equity finance are needed to enhance risk-sharing through public-private partnerships and maximize the impact of scarce public funds
• Slowing Global Economic Growth is Increasingly Evident, High-Frequency Data Show
  • Published: November 14, 2022
  • Authors: Tryggvi Gudmundsson
  • Summary: While there are multiple headwinds weighing on growth, further policy tightening is expected amid the need to bring down elevated inflation
• Getting Back on Track to Net Zero: Three Critical Priorities for COP27
  • Published: November 4, 2022
  • Authors: Kristalina Georgieva
  • Summary: The devastation and destruction of climate change will only worsen if we fail to act now
• Methane Emissions Must Fall for World to Hit Temperature Targets
  • Published: November 2, 2022
  • Authors: Simon Black, Ian Parry, Nate Vernon-Lin
  • Summary: Fees are a promising and practical solution, especially those that build off existing business taxes common for extractive industries and agriculture
• Market Liquidity Strains Signal Heightened Global Financial Stability Risk
  • Published: October 27, 2022
  • Authors: Fabio Cortes, Glenn Gottselig, Shoko Ikarashi, Aki Yokoyama
  • Summary: A deterioration in market liquidity has amplified price swings
• Latest Global Growth Forecasts Show Challenges Facing Economies
  • Published: October 19, 2022
  • Authors: The Editors
  • Summary: The global deceleration will be broad-based, with many economies poised to contract, and the outlook remains uncertain
• How Countries Should Respond to the Strong Dollar
  • Published: October 14, 2022
  • Authors: Gita Gopinath, Pierre-Olivier Gourinchas
  • Summary: Policy responses to currency depreciation pressures should focus on the drivers of the exchange-rate moves and signs of market disruptions
• Fiscal Policy Can Help People Rebound From Cost of Living Crisis
  • Published: October 12, 2022
  • Authors: Vitor Gaspar, Raphael Lam, Paolo Mauro, Roberto Piazza
  • Summary: Countries should prioritize protecting the vulnerable through targeted support while keeping a tight fiscal stance to help fight inflation
• Interest Rate Increases, Volatile Markets Signal Rising Financial Stability Risks
  • Published: October 11, 2022
  • Authors: Tobias Adrian
  • Summary: Global financial conditions have tightened as central banks accelerate monetary policy normalization to keep rapid inflation from becoming entrenched
• Policymakers Need Steady Hand as Storm Clouds Gather Over Global Economy
  • Published: October 11, 2022
  • Authors: Pierre-Olivier Gourinchas
  • Summary: One-third of the world economy will likely contract this year or next amid shrinking real incomes and rising prices
• How to Scale Up Private Climate Finance in Emerging Economies
  • Published: October 7, 2022
  • Authors: Torsten Ehlers, Charlotte Gardes-Landolfini, Fabio Natalucci, Prasad Ananthakrishnan
  • Summary: Scaling up private capital is crucial to finance vital low-carbon infrastructure projects, particularly in less developed economies
• Further Delaying Climate Policies Will Hurt Economic Growth
  • Published: October 5, 2022
  • Authors: Benjamin Carton, Jean-Marc Natal
  • Summary: The transition to a greener future has a price—but the longer countries wait to make the shift, the larger the costs
• Wage-Price Spiral Risks Appear Contained Despite High Inflation
  • Published: October 5, 2022
  • Authors: John Bluedorn
  • Summary: Analysis suggests a sustained acceleration of wages and prices is unlikely
• How Illiquid Open-End Funds Can Amplify Shocks and Destabilize Asset Prices
  • Published: October 4, 2022
  • Authors: Fabio Natalucci, Mahvash S. Qureshi, Felix Suntheim
  • Summary: Mutual funds holding hard-to-sell assets but offering daily redemptions can spark volatility and magnify the impact of shocks, especially in periods of market stress
• Global Food Crisis Demands Support for People, Open Trade, Bigger Local Harvests
  • Published: September 30, 2022
  • Authors: Kristalina Georgieva, Sebastián Sosa, Björn Rother
  • Summary: Unprecedented humanitarian challenge requires rapid action to ease suffering of those without enough to eat and provide financing to countries in need
• Energy Shocks Amid Rapid Inflation Could Fuel Faster Wage Gains
  • Published: September 12, 2022
  • Authors: Chikako Baba, Jaewoo Lee
  • Summary: When inflation is high, wages tend to rise more in response to a spike in oil prices. And the more wages rise, the greater the risk of a sustained increase in inflation.
• How to Close Gender Gaps and Grow the Global Economy
  • Published: September 8, 2022
  • Authors: Kristalina Georgieva, Antoinette M. Sayeh, Ratna Sahay
  • Summary: Capturing the dividends from women’s economic equity. Too many women are locked out of economic opportunities, which is not only unfair but also harms growth and resilience for all.
• Reimagining Money in the Age of Crypto and Central Bank Digital Currency
  • Published: September 1, 2022
  • Authors: Gita Bhatt
  • Summary: Letter from the Editor: The recent plunge in crypto assets has left investors numbed by losses and surely in doubt. But the future of money is undoubtedly digital
• From War and Inflation to Food and Cargo, Charts Chronicle Volatile Year
  • Published: August 30, 2022
  • Authors: Andrew Stanley, Jeff Kearns
  • Summary: An overview of the top 10 Chart of the Week blogs in 2022
• New Economics Books Tackle China, Wheat, Equality, and the Dollar
  • Published: August 25, 2022
  • Authors: Jeff Kearns
  • Summary: Amid war and inflation, debt and fragmentation, now may be a better time than ever to step back and consider the bigger and more enduring questions of lives and livelihoods.
• Achieving Net-Zero Emissions Requires Closing a Data Deficit
  • Published: August 23, 2022
  • Authors: Charlotte Gardes-Landolfini, Fabio Natalucci
  • Summary: High-quality, reliable, and comparable gauges are lacking. Here’s how to close the gap.
• Public Sector Must Play Major Role in Catalyzing Private Climate Finance
  • Published: August 18, 2022
  • Authors: Kristalina Georgieva, Tobias Adrian
  • Summary: Climate change is one of the most critical macroeconomic and financial policy challenges that IMF members face in coming decades.
• Central Banks Hike Interest Rates in Sync to Tame Inflation Pressures
  • Published: August 10, 2022
  • Authors: Tobias Adrian, Fabio Natalucci
  • Summary: During the pandemic, central banks in both advanced and emerging market economies took unprecedented measures to ease financial conditions and support the economic recovery, including interest-rate cuts and asset purchases.
• Global Current Account Balances Widen Amid War and Pandemic
  • Published: August 4, 2022
  • Authors: Giovanni Ganelli, Pau Rabanal, Niamh Sheridan
  • Summary: The war in Ukraine and resulting increase in commodity prices are expected to contribute to a further widening this year.
• Soaring Inflation Puts Central Banks on a Difficult Journey
  • Published: August 1, 2022
  • Authors: Tobias Adrian, Christopher Erceg, Fabio Natalucci
  • Summary: Upside risks to the inflation outlook remain large, and more aggressive tightening may be needed if these risks materialize.
• Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook
  • Published: July 26, 2022
  • Authors: Pierre-Olivier Gourinchas
  • Summary: The world’s three largest economies are stalling, with important consequences for the global outlook. Inflation is a major concern.
• Facing a Darkening Economic Outlook: How the G20 Can Respond
  • Published: July 13, 2022
  • Authors: Kristalina Georgieva
  • Summary: As G20 ministers and central bank governors gather in Bali this week, they face a global economic outlook that has darkened significantly.
• From 1980s Debt Crisis to Crypto Era, Financial Stability Monitoring is Always Evolving
  • Published: June 22, 2022
  • Authors: Tobias Adrian, Fabio Natalucci, Mahvash S. Qureshi
  • Summary: The IMF’s Global Financial Stability Report, introduced in 2002, was a step toward a more comprehensive assessment of risks in financial markets and cross-border capital flows.
• Where Are the World’s Fastest Roads?
  • Published: June 15, 2022
  • Authors: Mariano Moszoro, Mauricio Soto
  • Summary: IMF staff have developed a novel measure of road quality across 162 countries using Google Maps to determine the mean, or average, time it takes to drive between large cities that are at least 80 kilometers (50 miles) apart.
• How Replacing Coal With Renewable Energy Could Pay For Itself
  • Published: June 8, 2022
  • Authors: Tobias Adrian, Patrick Bolton, Alissa M. Kleinnijenhuis
  • Summary: The world may gain an estimated $78 trillion over coming decades by making this energy transition.
• Why We Must Resist Geoeconomic Fragmentation—And How
  • Published: May 22, 2022
  • Authors: Kristalina Georgieva, Gita Gopinath, Ceyla Pazarbasioglu
• Why Countries Must Cooperate on Carbon Prices
  • Published: May 19, 2022
  • Authors: Jean Chateau, Florence Jaumotte, Gregor Schwerhoff
  • Summary: An international floor price for carbon could speed the world’s transition to green energy without compromising countries’ competitiveness.
• Healing the Pandemic’s Economic Scars Demands Prompt Action
  • Published: May 17, 2022
  • Authors: Mehdi Benatiya Andaloussi, Lone Engbo Christiansen, Ashique Habib, Davide Malacrino
• Lower Oil Reliance Insulates World From 1970s-Style Crude Shock
  • Published: May 5, 2022
  • Authors: Nico Valckx
  • Summary: war in Ukraine and sanctions on Russia are causing substantial economic spillovers, notably for energy.
• Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike
  • Published: April 20, 2022
  • Authors: Jean-Marc Fournier, Vitor Gaspar, Paulo Medas, Roberto Accioly Perrelli
  • Summary: Spending imperatives from pandemic and war meet high debt and tight budget constraints.
• Financial Stability Risks Grow as War Complicates Push to Contain Inflation
  • Published: April 19, 2022
  • Authors: Tobias Adrian
  • Summary: While no systemic event has materialized, the balance of risks has tilted more firmly to the downside.
• War Dims Global Economic Outlook as Inflation Accelerates
  • Published: April 19, 2022
  • Authors: Pierre-Olivier Gourinchas
  • Summary: The effects of the war will propagate far and wide, adding to price pressures and exacerbating significant policy challenges. Global economic prospects have been severely set back, largely because of Russia’s invasion of Ukraine.
• Private Debt to Weigh on Global Economic Recovery
  • Published: April 18, 2022
  • Authors: Silvia Albrizio, Sonali Das, Christoffer Koch, Jean-Marc Natal, Philippe Wingender
  • Summary: A record rise in private debt could slow the economic recovery, but the drag on growth will vary across countries and within them.
• Emerging-Market Banks’ Government Debt Holdings Pose Financial Stability Risks
  • Published: April 18, 2022
  • Authors: Andrea Deghi, Fabio Natalucci, Mahvash S. Qureshi
  • Summary: Banks’ holdings of sovereign debt rise to a record as governments spend to cushion pandemic impact.
• The Right Labor Market Policies Can Ease the Green Jobs Transition
  • Published: April 13, 2022
  • Authors: John Bluedorn, Niels-Jakob Hansen
  • Summary: Measures include job training, tax credits for lower-income workers, green infrastructure and R&D investment push, and a carbon tax.
• Fast-Moving FinTech Poses Challenge for Regulators
  • Published: April 13, 2022
  • Authors: Antonio Garcia Pascual, Fabio Natalucci
  • Summary: Emerging firms are quickly making inroads into critical financial services, and often taking on more risk than traditional banks.
• Tax Coordination Can Lead to a Fairer, Greener Global Economy
  • Published: April 12, 2022
  • Authors: Vitor Gaspar, Shafik Hebous, Paolo Mauro
  • Summary: Cooperation across countries can raise revenue, tackle inequality, and fight climate change.
• Global Trade Needs More Supply Diversity, Not Less
  • Published: April 12, 2022
  • Authors: Davide Malacrino, Adil Mohommad, Andrea F. Presbitero
  • Summary: Countries with trade partners that implemented more stringent lockdowns had a sharper drop in imports.
• Dangerous Global Debt Burden Requires Decisive Cooperation
  • Published: April 11, 2022
  • Authors: Vitor Gaspar, Ceyla Pazarbasioglu
  • Summary: With elevated risks to sovereign debt, a global cooperative approach is necessary to reach an orderly resolution of debt problems and prevent defaults.
• Tight Jobs Market Is a Boon for Workers But Could Add To Inflation Risks
  • Published: March 31, 2022
  • Authors: Romain Duval, Myrto Oikonomou, Marina M. Tavares
• How Soaring Shipping Costs Raise Prices Around the World
  • Published: March 28, 2022
  • Authors: Yan Carrière-Swallow, Pragyan Deb, Davide Furceri, Daniel Jiménez, Jonathan D. Ostry
• Special Purpose Entities Shed Light on the Drivers of Foreign Direct Investment
  • Published: March 25, 2022
  • Authors: Evrim Bese Goksu, Theo Bikoi, Padma Hurree Gobin
• How War in Ukraine Is Reverberating Across World’s Regions
  • Published: March 15, 2022
  • Authors: Alfred Kammer, Jihad Azour, Abebe Aemro Selassie, Ilan Goldfajn, Chang Yong Rhee
• How Empowering Women Supports Economic Growth
  • Published: March 7, 2022
  • Authors: The Editors
  • Summary: International Women’s Day, first recognized by the United Nations in 1977, grew from early 1900s labor movements for better working conditions and women’s right to work.
• Pandemic Tests Resilience and Credibility of Fiscal Rules
  • Published: February 18, 2022
• Three Policy Priorities for a Robust Recovery
  • Published: February 16, 2022
  • Authors: Kristalina Georgieva
  • Summary: We must work together to end the pandemic, navigate monetary tightening and shift focus to fiscal sustainability.
• Countries in the IMF Financial Stability Spotlight in 2022
  • Published: February 3, 2022
  • Authors: The Editors
• Global Inflation Pressures Broadened on Food and Energy Price Gains
  • Published: January 28, 2022
  • Authors: Jorge Alvarez, Philip Barrett
• Pandemic Tests Resilience and Credibility of Fiscal Rules
  • Published: January 27, 2022
  • Authors: Paulo Medas, Raphael Lam
  • Summary: Record debt and deficits during the pandemic prompted many nations to suspend their fiscal rules.
• Low Real Interest Rates Support Asset Prices, But Risks Are Rising
  • Published: January 27, 2022
  • Authors: Tobias Adrian, Nassira Abbas
  • Summary: A large and sudden jump in real interest rates could lead to a further selloff in stocks.
• A Disrupted Global Recovery
  • Published: January 25, 2022
  • Authors: Gita Gopinath
  • Summary: Growth slows as economies grapple with supply disruptions, higher inflation, record debt and persistent uncertainty.
• A New Trust to Help Countries Build Resilience and Sustainability
  • Published: January 20, 2022
  • Authors: Ceyla Pazarbasioglu, Uma Ramakrishnan
• Emerging Economies Must Prepare for Fed Policy Tightening
  • Published: January 10, 2022
  • Authors: Stephan Danninger, Kenneth Kang, Hélène Poirson
• Emerging-Market Central Bank Asset Purchases Can Be Effective but Carry Risks
  • Published: January 5, 2022
  • Authors: Tobias Adrian, Christopher Erceg, Simon Gray, Ratna Sahay
  • Summary: Asset purchases can be an effective tool, but it is critical to minimize risks to central bank independence and price stability.
• Top 10 Blogs of 2021 Show Breadth of Global Policy Challenges
  • Published: December 23, 2021
• The World’s Top Recipients of Foreign Direct Investment
  • Published: December 16, 2021
  • Authors: Carlos Sánchez-Muñoz, Silvia Matei, Kristy Howell
• Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated
  • Published: December 9, 2021
  • Authors: Tobias Adrian, Dong He, Aditya Narain
  • Summary: The IMF’s mandate is to safeguard the stability of the international monetary and financial system, and crypto assets are changing the system profoundly.
• Addressing Inflation Pressures Amid an Enduring Pandemic
  • Published: December 3, 2021
  • Authors: Tobias Adrian, Gita Gopinath
  • Summary: With inflationary pressures intensifying and Omicron generating new uncertainties, monetary policymakers are facing new and challenging tradeoffs.
• The Economics of Health and Well-Being
  • Published: December 2, 2021
  • Authors: Gita Bhatt
• The G20 Common Framework for Debt Treatments Must Be Stepped Up
  • Published: December 2, 2021
  • Authors: Kristalina Georgieva, Ceyla Pazarbasioglu
  • Summary: With the debt service suspension initiative expiring and interest rates poised to rise, low-income countries will find it increasingly difficult to service their debts.
• Sovereign Domestic Debt Restructuring: Handle with Care
  • Published: December 1, 2021
  • Authors: Peter Breuer, Anna Ilyina, Hoang Pham
  • Summary: Restructuring domestic debt is like surgery: You only do it if you must, and you avoid it if it might do more harm than good.
• Sharing the Gains of Automation: The Role of Fiscal Policy
  • Published: November 18, 2021
  • Authors: Nikolay Gueorguiev, Ryota Nakatani
  • Summary: Careful calibration of spending and tax policies can reduce inequality caused by automation.
• Soaring Metal Prices May Delay Energy Transition
  • Published: November 10, 2021
  • Authors: Lukas Boer, Andrea Pescatori, Martin Stuermer, Nico Valckx
• Not Yet on Track: Climate Threat Demands More Ambitious Global Action
  • Published: November 1, 2021
  • Authors: Kristalina Georgieva
  • Summary: New IMF analysis shows gaps in ambition and policy needed to achieve emissions curbs that contain global warming.
• Joint Action Needed to Secure the Recovery
  • Published: October 27, 2021
  • Authors: Kristalina Georgieva
  • Summary: G20 should lead in sharing vaccine doses, helping developing countries financially, and committing to reaching net-zero carbon emissions by mid-century.
• Needed—A Global Approach to Data in the Digital Age
  • Published: October 26, 2021
  • Authors: Vikram Haksar, Yan Carrière-Swallow, Kathleen Kao, Gabriel Quirós-Romero
  • Summary: Global principles on data policy can help level the playing field while addressing financial stability and inclusion, competition, and privacy.
• Surging Energy Prices May Not Ease Until Next Year
  • Published: October 21, 2021
  • Authors: Andrea Pescatori, Martin Stuermer, Nico Valckx
  • Summary: Soaring natural gas prices are rippling through global energy markets—and other economic sectors from factories to utilities.
• Housing Prices Continue to Soar in Many Countries Around the World
  • Published: October 18, 2021
  • Authors: The Editors
• Uncertainty Grips Markets as Optimism Wanes
  • Published: October 12, 2021
  • Authors: Tobias Adrian
  • Summary: Market sentiment has deteriorated since earlier this year amid still elevated financial vulnerabilities and mounting concerns about risks to inflation.
• A Hobbled Recovery Along Entrenched Fault Lines
  • Published: October 12, 2021
  • Authors: Gita Gopinath
  • Summary: The global recovery continues amid increasing uncertainty, more complex policy trade-offs.
• Why Basic Science Matters for Economic Growth
  • Published: October 6, 2021
  • Authors: Philip Barrett, Niels-Jakob Hansen, Jean-Marc Natal, Diaa Noureldin
  • Summary: Public investment in basic research will pay for itself.
• Inflation Scares in an Uncharted Recovery
  • Published: October 6, 2021
  • Authors: Francesca Caselli, Prachi Mishra
  • Summary: A key question is what combination of events could cause persistently faster price gains.
• The Climate Issue
  • Published: September 7, 2021
  • Authors: Gita Bhatt
• Your Top 5 Back-to-School Blogs
  • Published: September 2, 2021
  • Authors: The Editors
• How the world can make the most of new special drawing rights
  • Published: August 23, 2021
• Your Weekend Podcast Roundup
  • Published: August 20, 2021
  • Authors: The Editors
  • Summary: We may not be commuting as much, but it seems we’re still listening.
• From the History Books: The Rethinking of the International Monetary System
  • Published: August 16, 2021
  • Authors: Atish Rex Ghosh
• IMF Summer Reads
  • Published: August 13, 2021
  • Authors: The Editors
• Women in Economics
  • Published: August 6, 2021
  • Authors: The Editors
  • Summary: Women remain underrepresented in economics, yet many have made an outsized impact on the field.
• Making The Digital Money Revolution Work for All
  • Published: July 29, 2021
  • Authors: Tobias Adrian, Tommaso Mancini-Griffoli
  • Summary: History moves in uneven steps. Just as the telegraph erased time and distance in the 19th century, today’s innovations in digital money may bring significant changes in the way we lead our lives. The shift to electronic payments and social interactions brought on by the pandemic may cause similarly rapid and widespread transformations.
• Drawing Further Apart: Widening Gaps in the Global Recovery
  • Published: July 27, 2021
  • Authors: Gita Gopinath
  • Summary: The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies.
• Taming Market Power Could (also) Help Monetary Policy
  • Published: July 21, 2021
  • Authors: Romain Duval, Davide Furceri, Marina M. Tavares
  • Summary: Some central banks are currently debating whether to tighten monetary policy to fight inflationary pressures, after having eased decisively in response to the COVID-19 shock.
• Seizing the Opportunity for a Pro-Growth, Post-Pandemic World
  • Published: July 20, 2021
  • Authors: Geoffrey W.S. Okamoto
• Could Renewed Social Unrest Hinder the Recovery?
  • Published: July 13, 2021
  • Authors: Metodij Hadzi-Vaskov, Samuel Pienknagura, Luca Ricci
• Four Facts about Soaring Consumer Food Prices
  • Published: June 24, 2021
  • Authors: Christian Bogmans, Andrea Pescatori, Ervin Prifti
• A Proposal to Scale Up Global Carbon Pricing
  • Published: June 18, 2021
  • Authors: Vitor Gaspar, Ian Parry
• The Benefits of Setting a Lower Limit on Corporate Taxation
  • Published: June 9, 2021
  • Authors: AQIB ASLAM, Maria Coelho
  • Summary: On June 5, 2021, Finance Ministers from the Group of Seven major industrialized nations committed to a global minimum corporate tax rate on multinationals of at least 15 percent. While there are a number of details yet to be hammered out in broader global discussions, this historic agreement heralds an important step forward on the road to international corporate tax reform.
• The Next Move: Consequences for Emerging Markets
  • Published: June 2, 2021
  • Authors: Gita Bhatt
• A New Commitment for Vaccine Equity and Defeating the Pandemic
  • Published: June 1, 2021
  • Authors: Kristalina Georgieva
  • Summary: By Kristalina Georgieva, Tedros Adhanom Ghebreyesus, David Malpass and Ngozi Okonjo-Iweala
• A Proposal to End the COVID-19 Pandemic
  • Published: May 21, 2021
  • Authors: Kristalina Georgieva, Gita Gopinath, Ruchir Agarwal
• US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low
  • Published: May 5, 2021
  • Authors: Serkan Arslanalp, Chima Simpson-Bell
• COVID-19: The Moms Emergency
  • Published: April 30, 2021
  • Authors: Kristalina Georgieva, Stefania Fabrizio, Diego B. P. Gomes, Marina M. Tavares
• Understanding the Rise in Long-Term Rates
  • Published: April 22, 2021
  • Authors: Tobias Adrian, Rohit Goel, Sheheryar Malik, Fabio Natalucci
  • Summary: The rise in long-term US interest rates has become a focus of global macro-financial concerns.
• Tailoring Government Support
  • Published: April 7, 2021
  • Authors: Vitor Gaspar, Paolo Mauro, Raphael Lam, Mehdi Raissi
• An Asynchronous and Divergent Recovery May Put Financial Stability at Risk
  • Published: April 6, 2021
  • Authors: Tobias Adrian
• Managing Divergent Recoveries
  • Published: April 6, 2021
  • Authors: Gita Gopinath
• Funding the Recovery of Low-income Countries After COVID
  • Published: April 5, 2021
  • Authors: Guillaume Chabert, Robert Gregory, Gaëlle Pierre
  • Summary: Many of the poorest countries in the world are facing the threat of a weak recovery, and setback in their development path.
• How Rising Interest Rates Could Affect Emerging Markets
  • Published: April 5, 2021
  • Authors: Philipp Engler, Roberto Piazza, Galen Sher
• Taming the Wave of Small and Medium Enterprise Insolvencies
  • Published: April 2, 2021
  • Authors: Federico J. Díez, Romain Duval, Chiara Maggi, Nicola Pierri
  • Summary: The pandemic has hit small and medium enterprises particularly hard, partly because they are predominant in some contact-intensive sectors like hotels, restaurants, and entertainment.
• Engendering the Recovery: Budgeting with Women in Mind
  • Published: March 5, 2021
  • Authors: Antoinette M. Sayeh, Jiro Honda, Carolina Renteria, Vincent Tang
  • Summary: International Women’s Day, March 8, marks a year from the start of widespread lockdowns in response to COVID-19. As an IMF blog warned back in July, women have borne the economic and social brunt of the pandemic.
• Why Climate Change Vulnerability Is Bad for Sovereign Credit Ratings
  • Published: February 17, 2021
  • Authors: Serhan Cevik, João Tovar Jalles
  • Summary: Climate change has made the world a riskier place.
• The Jobs of Tomorrow
  • Published: January 7, 2021
  • Authors: The Editors
  • Summary: Sadia Zahidi of the World Economic Forum writes for the IMF's Finance & Development Magazine about their Future of Jobs Report.
• Top 10 Blogs of 2020
  • Published: January 4, 2021
  • Authors: The Editors
  • Summary: Welcome to 2021. Before we step too far into the new year, the editors at IMFBlog invite you to reflect on what the world went through in 2020.
• Top 10 Charts of the Week for 2020
  • Published: December 21, 2020
• Glaciers of Global Finance: The Currency Composition of Central Banks’ Reserve Holdings
  • Published: December 16, 2020
  • Authors: Alina Iancu, Neil Meads, Martin Mühleisen, Yiqun Wu
  • Summary: The currencies that are being held by central banks as foreign exchange reserves have remained largely steady over decades.
• Cyber Risk is the New Threat to Financial Stability
  • Published: December 7, 2020
  • Authors: Jennifer Elliott, Nigel Jenkinson
  • Summary: Many of us take for granted the ability to withdraw money from our bank account, wire it to family in another country, and pay bills online.Amid the global pandemic, we’ve seen how much digital connection matters to our everyday life. But what if a cyberattack takes the bank down and a remittance doesn’t go through?
• How Artificial Intelligence Could Widen the Gap Between Rich and Poor Nations
  • Published: December 2, 2020
  • Authors: Cristian Alonso, Siddharth Kothari, Sidra Rehman
  • Summary: New technologies like artificial intelligence, machine learning, robotics, big data, and networks are expected to revolutionize production processes, but they could also have a major impact on developing economies.
• Time is Ripe for Innovation in the World of Sovereign Debt Restructuring
  • Published: November 19, 2020
  • Authors: Peter Breuer, Charles Cohen
• Continued Strong Policy Action to Combat Uncertainty
  • Published: November 19, 2020
  • Authors: Kristalina Georgieva
• IMF Lending Lifeline: Addressing Urgent Financing Needs Brought on by the Pandemic
  • Published: November 16, 2020
  • Authors: The Editors
• Bridging the Digital Divide to Scale Up the COVID-19 Recovery
  • Published: November 5, 2020
  • Authors: Patrick Njoroge, Ceyla Pazarbasioglu
  • Summary: Digitalization has in the past few years enabled developing countries in particular to leapfrog on financial inclusion. Countries like Kenya, Ghana, Rwanda and Tanzania have made great advances in connecting their citizens to financial systems by leveraging on mobile phone technology.
• The Crisis is Not Over, Keep Spending (Wisely)
  • Published: November 2, 2020
  • Authors: Oya Celasun, Margaux MacDonald, Lone Engbo Christiansen
• Fiscal Policy for an Unprecedented Crisis
  • Published: October 14, 2020
  • Authors: Vitor Gaspar, Paulo Medas, John Ralyea, Elif Ture
• Public Investment for the Recovery
  • Published: October 5, 2020
  • Authors: Vitor Gaspar, Paolo Mauro, Catherine Pattillo, Raphael Espinoza
• Monetary Policy for all? Inequality and the Conduct of Monetary Policy
  • Published: September 30, 2020
  • Authors: Niels-Jakob Hansen, Alessandro Lin, Rui C. Mano
• The COVID-19 Gender Gap
  • Published: July 21, 2020
  • Authors: Kristalina Georgieva, Stefania Fabrizio, Cheng Hoon Lim, Marina M. Tavares
• Teleworking is Not Working for the Poor, the Young, and the Women
  • Published: July 7, 2020
  • Authors: Mariya Brussevich, Era Dabla-Norris, Salma Khalid
• Digital Financial Inclusion in the Times of COVID-19
  • Published: July 1, 2020
  • Authors: Ulric Eriksson von Allmen, Purva Khera, Sumiko Ogawa, Ratna Sahay
• Low Internet Access Driving Inequality
  • Published: June 29, 2020
  • Authors: Mercedes García-Escribano
  • Summary: COVID-19 and the Great Lockdown triggered a mass migration from analog to digital and highlighted that access to the Internet is crucial for socioeconomic inclusion.
• Migration to Advanced Economies Can Raise Growth
  • Published: June 19, 2020
  • Authors: Philipp Engler, Margaux MacDonald, Roberto Piazza, Galen Sher
• Strengthening Economic Institutions for a Resilient Recovery
  • Published: June 10, 2020
  • Authors: Antoinette M. Sayeh
• How the Great Lockdown Saved Lives
  • Published: June 2, 2020
  • Authors: Pragyan Deb, Davide Furceri, Jonathan D. Ostry, Nour Tawk
• Equity Investors Must Pay More Attention to Climate Change Physical Risk
  • Published: May 29, 2020
  • Authors: Felix Suntheim, Jérôme Vandenbussche
• Tracking the $9 Trillion Global Fiscal Support to Fight COVID-19
  • Published: May 20, 2020
  • Authors: Bryn Battersby, Elif Ture, Raphael Lam
• Fiscal Policies for the Recovery from COVID-19
  • Published: May 6, 2020
  • Authors: Vitor Gaspar, Raphael Lam, Mehdi Raissi
• Fiscal Policies to Contain the Damage from COVID-19
  • Published: April 15, 2020
  • Authors: Vitor Gaspar, Mehdi Raissi, Raphael Lam
• An Early View of the Economic Impact of the Pandemic in 5 Charts
  • Published: April 6, 2020
  • Authors: John Bluedorn, Gita Gopinath, Damiano Sandri
• Economic Policies for the COVID-19 War
  • Published: April 1, 2020
  • Authors: Giovanni Dell’Ariccia, Paolo Mauro, Antonio Spilimbergo, Jeromin Zettelmeyer
  • Summary: This blog is part of a special series on the response to the coronavirus.
• Monetary and Financial Stability During the Coronavirus Outbreak
  • Published: March 11, 2020
  • Authors: Tobias Adrian
  • Summary: This blog is part of a special series on the response to the coronavirus.
• On Board with More Women in Leadership
  • Published: March 3, 2020
  • Authors: Kristalina Georgieva, Louise Levonian
• The Declining Fortunes of the Young
  • Published: February 27, 2020
  • Authors: Era Dabla-Norris, Carlo Pizzinelli, Jay Rappaport
• Countries in the IMF Financial Spotlight in 2020
  • Published: January 30, 2020
  • Authors: The Editors
• A Call for Vigilance After a Strong Year for Risky Assets
  • Published: January 28, 2020
  • Authors: Tobias Adrian, Fabio Natalucci
• Top 10 Charts of the Week for 2019
  • Published: December 30, 2019
  • Authors: The Editors
• Top 10 Blogs of 2019
  • Published: December 23, 2019
  • Authors: The Editors
• 2019 in Review: The Global Economy Explained in 5 Charts
  • Published: December 18, 2019
  • Authors: Gita Gopinath, Gian Maria Milesi-Ferretti, Malhar Nabar
  • Summary: Global growth this year recorded its weakest pace since the global financial crisis a decade ago, reflecting common influences across countries and country-specific factors.
• Global Carbon Emissions Are on the Rise Again
  • Published: December 5, 2019
  • Authors: Christian Bogmans, Akito Matsumoto, Andrea Pescatori
• Central Bank Accountability, Independence, and Transparency
  • Published: November 25, 2019
  • Authors: Tobias Adrian, Ashraf Khan
  • Summary: In August 1694, the Bank of England opened for business with a staff of 19. The original Royal Charter, granted by King William and Queen Mary, tasked the Bank to “promote the public Good and Benefit of our People.”
• The Threat of Inequality of Opportunity
  • Published: November 7, 2019
  • Authors: Shekhar Aiyar, Christian Ebeke
• A Map of Inequality in Countries
  • Published: November 6, 2019
  • Authors: William Gbohoui, Raphael Lam, Victor Lledo
• The Global Informal Economy: Large but On The Decline
  • Published: October 30, 2019
  • Authors: Thomas F. Alexander
• Lower for Longer: Rising Vulnerabilities May Put Growth at Risk
  • Published: October 16, 2019
  • Authors: Tobias Adrian, Fabio Natalucci
• Global Banks May Grow More Vulnerable to a Dollar Disruption
  • Published: October 11, 2019
  • Authors: Claudio Raddatz Kiefer, Adolfo Barajas
• Widening Gaps: Regional Inequality within Advanced Economies
  • Published: October 9, 2019
  • Authors: John Bluedorn, Weicheng Lian, Natalija Novta, Yannick Timmer
• Fiscal Policies to Curb Climate Change
  • Published: October 8, 2019
  • Authors: Vitor Gaspar, Paolo Mauro, Ian Parry, Catherine Pattillo
• From Stablecoins to Central Bank Digital Currencies
  • Published: September 26, 2019
  • Authors: Tobias Adrian, Tommaso Mancini-Griffoli
  • Summary: As privately issued stablecoins continue to encroach on more traditional forms of money—like cash and bank deposits—policymakers will not simply look on from the sidelines.
• The Economics of Data
  • Published: September 23, 2019
  • Authors: Yan Carrière-Swallow, Vikram Haksar
  • Summary: Look around the global economy and you’ll see an American company developing the next generation of driverless cars, a Chinese financier extending loans to “mom-and-pop” stores that used to lack access to credit, and researchers at a Swiss pharmaceutical company developing a treatment for a chronic health condition.
• Digital Currencies: The Rise of Stablecoins
  • Published: September 19, 2019
  • Authors: Tobias Adrian, Tommaso Mancini-Griffoli
• New Index Tracks Trade Uncertainty Across the Globe
  • Published: September 9, 2019
  • Authors: Hites Ahir, Nicholas Bloom, Davide Furceri
• Back to School Blogs
  • Published: September 5, 2019
  • Authors: The Editors
• A Role for Financial and Monetary Policies in Climate Change Mitigation
  • Published: September 4, 2019
  • Authors: William Oman
• US$100 Bill on the Rise
  • Published: July 25, 2019
  • Authors: The Editors
• Five Facts on Fintech
  • Published: June 27, 2019
  • Authors: Tobias Adrian, Ceyla Pazarbasioglu
  • Summary: From artificial intelligence to mobile applications, technology helps to increase your access to secure and efficient financial products and services.
• Mapping the World’s Financial Weak Spots
  • Published: June 20, 2019
  • Authors: The Editors
• To Reduce Inequality, Employ Young People
  • Published: June 13, 2019
  • Authors: Burcu Hacibedel, Priscilla Muthoora
• House Prices Are Up: Should We Be Happy?
  • Published: May 16, 2019
  • Authors: The Editors
• Bank Profitability: Consider the Source
  • Published: April 30, 2019
  • Authors: Udaibir S. Das, Kun Hu, TengTeng Xu
• How to Keep Corporate Power in Check
  • Published: April 3, 2019
  • Authors: Federico Díez, Romain Duval
• Why Investment May Come Under Threat
  • Published: April 3, 2019
  • Authors: Weicheng Lian, Natalija Novta, Petia Topalova
• Economic Forces, Not Tariffs, Drive Changes in Trade Balances
  • Published: April 3, 2019
  • Authors: Johannes Eugster, Florence Jaumotte, Margaux MacDonald, Roberto Piazza
• Corporate Taxation in the Global Economy
  • Published: March 25, 2019
  • Authors: Christine Lagarde
• Cashing In: How to Make Negative Interest Rates Work
  • Published: February 5, 2019
  • Authors: Ruchir Agarwal, Signe Krogstrup
• A Weakening Global Expansion Amid Growing Risks
  • Published: January 21, 2019
  • Authors: Gita Gopinath
• Countries in the IMF Financial Spotlight in 2019
  • Published: January 16, 2019
  • Authors: The Editors
• Top 10 Blogs of 2018
  • Published: December 28, 2018
  • Authors: The Editors
• 5 Charts That Explain the Global Economy in 2018
  • Published: December 20, 2018
  • Authors: Oya Celasun, Gian Maria Milesi-Ferretti, Maurice Obstfeld
• Women, Technology, and the Future of Work
  • Published: November 16, 2018
  • Authors: Era Dabla-Norris, Kalpana Kochhar
• Sounding the Alarm on Leveraged Lending
  • Published: November 15, 2018
  • Authors: Tobias Adrian, Fabio Natalucci, Thomas Piontek
• Chart of the Week: Bye Bye Baby—How Crises Affect Fertility Rates
  • Published: November 13, 2018
  • Authors: The Editors
• The Wealth of Nations: Governments Can Better Manage What They Own and Owe
  • Published: October 10, 2018
  • Authors: Vitor Gaspar, Jason Harris, Alexander F. Tieman
• Global Growth Plateaus as Economic Risks Materialize
  • Published: October 9, 2018
  • Authors: Maurice Obstfeld
• Lasting Effects: The Global Economic Recovery 10 Years After the Crisis
  • Published: October 3, 2018
  • Authors: Wenjie Chen, Mico Mrkaic, Malhar Nabar
• A Decade After Lehman, the Financial System Is Safer. Now We Must Avoid Reform Fatigue
  • Published: October 3, 2018
  • Authors: Adolfo Barajas, Claudio Raddatz Kiefer, James P. Walsh
• Central Bank Credibility Pays Off in Times of Stress
  • Published: October 3, 2018
  • Authors: Rudolfs Bems, Francesca Caselli, Francesco Grigoli, Bertrand Gruss, Weicheng Lian
• Give Today’s Children a Chance
  • Published: September 24, 2018
  • Authors: Christine Lagarde, Vitor Gaspar
  • Summary: World leaders are gathering at the United Nations to discuss how to deliver on development for all that is economically, socially, and environmentally sustainable—“The 2030 Agenda for Sustainable Development,” and its 17 Sustainable Development Goals (SDGs).
• Steering the World Toward More Cooperation, Not Less
  • Published: September 6, 2018
  • Authors: Vitor Gaspar, Sean Hagan, Maurice Obstfeld
• Ten Years After Lehman—Lessons Learned and Challenges Ahead
  • Published: September 5, 2018
  • Authors: Christine Lagarde
• Chart of the Week: Educate Girls and Women to Boost Equality
  • Published: August 22, 2018
  • Authors: The Editors
• Addressing Global Imbalances Requires Cooperation
  • Published: July 24, 2018
  • Authors: Maurice Obstfeld
• Chart of the Week: The Productivity Penalty: World Cup Winners and Losers
  • Published: July 2, 2018
  • Authors: The Editors
• An Imbalance in Global Banks’ Dollar Funding
  • Published: June 12, 2018
  • Authors: John Caparusso, Yingyuan Chen, Hideo Hashimoto, David Jones, Will Kerry, Aki Yokoyama
• Trust and the Future of Multilateralism
  • Published: May 10, 2018
  • Authors: David Lipton
• Technology and the Future of Work
  • Published: May 1, 2018
  • Authors: Agustin Roitman, Adrian Peralta-Alva
• Shining a Bright Light into the Dark Corners of Weak Governance and Corruption
  • Published: April 22, 2018
  • Authors: Christine Lagarde
• Bringing Down High Debt
  • Published: April 18, 2018
  • Authors: Vitor Gaspar, Laura Jaramillo
• A Bumpy Road Ahead for the Global Financial System
  • Published: April 18, 2018
  • Authors: Tobias Adrian
• Global Economy: Good News for Now but Trade Tensions a Threat
  • Published: April 17, 2018
  • Authors: Maurice Obstfeld
• An Even-handed Approach to Crypto-Assets
  • Published: April 16, 2018
  • Authors: Christine Lagarde
• The Digital Gamble: New Technology Transforms Fiscal Policy
  • Published: April 12, 2018
  • Authors: Vitor Gaspar, Geneviève Verdier
• Risky Business: Reading Credit Flows for Crisis Signals
  • Published: April 10, 2018
  • Authors: Claudio Raddatz Kiefer
• For Home Prices in London, Check the Tokyo Listings
  • Published: April 10, 2018
  • Authors: Jane Dokko, Claudio Raddatz Kiefer
• The Decline in Manufacturing Jobs: Not Necessarily a Cause for Concern
  • Published: April 9, 2018
  • Authors: Bertrand Gruss, Natalija Novta
• Globalization Helps Spread Knowledge and Technology Across Borders
  • Published: April 9, 2018
  • Authors: AQIB ASLAM, Johannes Eugster, Giang Ho, Florence Jaumotte, Roberto Piazza
• Policy Actions to Sustain Growth and Guard Against Risks
  • Published: March 15, 2018
  • Authors: Christine Lagarde
• Addressing the Dark Side of the Crypto World
  • Published: March 13, 2018
  • Authors: Christine Lagarde
• Smartphones Drive New Global Tech Cycle, but Is Demand Peaking?
  • Published: February 8, 2018
  • Authors: Benjamin Carton, Joannes Mongardini, Yiqun Li
• Countries in the IMF Financial Spotlight in 2018
  • Published: January 31, 2018
  • Authors: The Editors
• 5 Things You Need to Know About Inequality
  • Published: January 23, 2018
  • Authors: The Editors
• The Current Economic Sweet Spot Is Not the “New Normal”
  • Published: January 22, 2018
  • Authors: Maurice Obstfeld
• The Art in Artificial Intelligence: Make the Robots Serve the Public Good
  • Published: January 11, 2018
  • Authors: Brian McNeill
  • Summary: Over the past few years, artificial intelligence has rapidly matured as a viable field of technology.
• Top Ten Charts of the Week: 2017
  • Published: January 3, 2018
  • Authors: The Editors
• Top Ten Blogs of 2017
  • Published: December 28, 2017
  • Authors: The Editors
• GDP: Falling Short
  • Published: December 22, 2017
  • Authors: The Editors
• Strength in Numbers: A Safety Net to Prevent Crises in the Global Economy
  • Published: December 19, 2017
  • Authors: The Editors
• More People, More Technology, More Jobs: How to Build Inclusive Growth
  • Published: December 4, 2017
  • Authors: Stefania Fabrizio, Andrea F. Presbitero
• Inequality: Fiscal Policy Can Make the Difference
  • Published: October 11, 2017
  • Authors: Vitor Gaspar, Mercedes García-Escribano
• Financial Stability Improves, But Rising Vulnerabilities Could Put Growth at Risk
  • Published: October 11, 2017
  • Authors: Tobias Adrian
• End of the Oil Age: Not Whether But When
  • Published: September 12, 2017
  • Authors: Reda Cherif, Fuad Hasanov, Aasim M. Husain
• Chart of the Week: House of Cards
  • Published: August 21, 2017
  • Authors: The Editors
• Corrosive and Costly Corruption
  • Published: July 14, 2017
  • Authors: The Editors
  • Summary: Corruption can lead to pervasive distrust in government, generating violence, civil strife, and conflict. And the results are devastating for people.
• No Time to Stand Still: Strengthening Global Growth and Building Inclusive Economies
  • Published: July 5, 2017
  • Authors: Christine Lagarde
• The Economics of Trust
  • Published: May 10, 2017
  • Authors: The Editors
• IMF Spring Meetings 2017: Keeping Growth on Track
  • Published: April 28, 2017
  • Authors: Christine Lagarde
• Global Policy Agenda Aims to Sustain Growth Momentum, Build Inclusiveness
  • Published: April 20, 2017
  • Authors: The Editors
• Chart of the Week: Seeking Solutions to Growing Inequality
  • Published: April 17, 2017
  • Authors: The Editors
• Union of Labor and Growth
  • Published: March 31, 2017
  • Authors: The Editors
• Chart of the Week: Inequality and the Decline in Labor Share of Income
  • Published: March 20, 2017
  • Authors: The Editors
• Chart of the Week: The Productivity Puzzle
  • Published: March 13, 2017
  • Authors: iMFdirect
• The Case for Fiscal Policy to Support Structural Reforms
  • Published: March 13, 2017
  • Authors: Angana Banerji, Era Dabla-Norris, Romain Duval, Davide Furceri
• Schools, Skills, and Economic Growth
  • Published: March 10, 2017
  • Authors: iMFdirect
• Chart of the Week: Access to Banking Services
  • Published: February 20, 2017
  • Authors: iMFdirect
• Chart of the Week: Growth and Inequality
  • Published: February 13, 2017
  • Authors: iMFdirect
• The Fruits of Growth: Economic Reforms and Lower Inequality
  • Published: January 26, 2017
  • Authors: Christine Lagarde
  • Summary: Growth is essential for improving the lives of people in low-income countries, and it should benefit all parts of society.
• A Shifting Global Economic Landscape: Update to the World Economic Outlook
  • Published: January 16, 2017
  • Authors: Maurice Obstfeld
• Countries in the IMF Financial Spotlight in 2017
  • Published: January 5, 2017
  • Authors: iMFdirect
• Building Collaboration Without Crisis
  • Published: September 30, 2016
  • Authors: Ian Bremmer, David Lipton
• Back to School Blogs
  • Published: August 23, 2016
  • Authors: iMFdirect
• The ECB's Negative Rate Policy Has Been Effective but Faces Limits
  • Published: August 10, 2016
  • Authors: Huidan Lin, Andreas (Andy) Jobst
• G-20: Five Ways to Spark Growth
  • Published: July 21, 2016
  • Authors: iMFdirect
• How Lowering Trade Barriers Can Revive Global Productivity and Growth
  • Published: June 20, 2016
  • Authors: Era Dabla-Norris, Romain Duval
• Unemployment: Troubles Ahead for Emerging Markets
  • Published: May 3, 2016
  • Authors: Prakash Loungani, Zidong An
• Act Now, Act Together
  • Published: April 13, 2016
  • Authors: Vitor Gaspar, Luc Eyraud,
• Warning Signs as Global Financial Risks Increase
  • Published: April 13, 2016
  • Authors: José Viñals
• The Broader View: The Positive Effects of Negative Nominal Interest Rates
  • Published: April 10, 2016
  • Authors: José Viñals, Simon Gray, Kelly Eckhold
• Imagine What Fiscal Policy Could Do For Innovation
  • Published: March 31, 2016
  • Authors: Vitor Gaspar, Ruud de Mooij
• Oil Prices and the Global Economy: It's Complicated
  • Published: March 24, 2016
  • Authors: Maurice Obstfeld, Gian Maria Milesi-Ferretti, Rabah Arezki
• A New Look at the Benefits and Costs of Bank Capital
  • Published: March 3, 2016
  • Authors: Jihad Dagher, Giovanni Dell’Ariccia, Luc Laeven, Lev Ratnovski, Hui Tong
• Public Roads with Private Money: A Way Ahead
  • Published: February 29, 2016
  • Authors: iMFdirect
• Subdued Growth, Diminished Prospects, Action Needed
  • Published: January 19, 2016
  • Authors: Maurice Obstfeld
• Emerging Market Corporate Debt in Foreign Currencies
  • Published: October 1, 2015
  • Authors: Selim Elekdag, Gaston Gelos
• Metals and Oil: A Tale of Two Commodities
  • Published: September 14, 2015
  • Authors: Rabah Arezki, Akito Matsumoto
• Making Monetary Policy Decisions in the Dark
  • Published: August 12, 2015
  • Authors: Francesco Grigoli, Alexander Herman, Andrew Swiston, Gabriel Di Bella
• Cross-Country Analysis of Housing Finance and Real Estate Booms
  • Published: June 10, 2015
  • Authors: Eugenio Cerutti, Jihad Dagher, Giovanni Dell’Ariccia
• When Is Repaying Public Debt Not Of The Essence?
  • Published: June 2, 2015
  • Authors: Jonathan D. Ostry, Atish Rex Ghosh
• Once in a Generation
  • Published: May 29, 2015
  • Authors: Jeff Hayden
• Act Local, Solve Global: The $5.3 Trillion Energy Subsidy Problem
  • Published: May 18, 2015
  • Authors: Benedict Clements, Vitor Gaspar
• Managing Capital Flows in Frontier Economies
  • Published: April 29, 2015
  • Authors: Jonathan D. Ostry, Mahvash S. Qureshi, Atish Rex Ghosh
• Financial Risks Rise Amid Uneven Global Economic Recovery
  • Published: April 15, 2015
  • Authors: José Viñals
• The Elusive Quest for International Policy Cooperation
  • Published: March 26, 2015
  • Authors: Olivier Blanchard, Mahvash S. Qureshi, Atish Rex Ghosh
• Seven Questions About The Recent Oil Price Slump
  • Published: December 22, 2014
  • Authors: Rabah Arezki, Olivier Blanchard
  • Summary: Oil prices have plunged recently, affecting everyone: producers, exporters, governments, and consumers.
• Moving On Up: The Growth Story of Frontier Economies
  • Published: December 16, 2014
  • Authors: Min Zhu
• Natural Gas: The New Gold
  • Published: October 22, 2014
  • Authors: Rabah Arezki
• Aristotle & the Archbishop of Canterbury: Overheard at the IMF’s Annual Meetings
  • Published: October 14, 2014
  • Authors: The Editors
• Are Banks Too Large? Maybe, Maybe Not
  • Published: May 14, 2014
  • Authors: Luc Laeven, Lev Ratnovski, Hui Tong
• Are Emerging Markets Adjusting to a New Normal?
  • Published: April 1, 2014
  • Authors: Aseel Almansour, AQIB ASLAM, John Bluedorn, Rupa Duttagupta
• Where Are Real Interest Rates Headed?
  • Published: April 1, 2014
  • Authors: Davide Furceri, Andrea Pescatori
• Treating Inequality with Redistribution: Is the Cure Worse than the Disease?
  • Published: February 26, 2014
  • Authors: Jonathan D. Ostry, Andrew G. Berg
• Emerging Markets Need To Do More To Remain Engines of Global Growth
  • Published: January 22, 2014
  • Authors: Min Zhu
• International Policy Coordination: The Loch Ness Monster
  • Published: December 15, 2013
  • Authors: Olivier Blanchard, Jonathan D. Ostry, Atish Rex Ghosh
• Subsidizing Energy Consumption: Why it’s Wrong and What Can Be Done About it
  • Published: March 27, 2013
  • Authors: Carlo Cottarelli
• Tharman Sees "Greater Global Policy Resolve"
  • Published: October 14, 2012
  • Authors: The Editors
• Global Economy: Some Bad News and Some Hope
  • Published: October 9, 2012
  • Authors: Olivier Blanchard
• Promoting Multilateral Solutions for a Globalized World
  • Published: August 30, 2012
  • Authors: Jeremy Clift
• Top 20 -- iMFdirect's Top 20 list
  • Published: August 23, 2012
  • Authors: The Editors
• Global Crisis -- Top Links from the IMF for Economics and Finance
  • Published: June 27, 2012
• Paying the Price for the Future We Want
  • Published: June 19, 2012
  • Authors: Min Zhu
• Top Links from the IMF - Global and Regional Economic Analysis for April
  • Published: April 22, 2012
  • Authors: Spring Meetings
• Trade Winds—Has the Spectre of Protectionism Blown Away?
  • Published: January 5, 2012
  • Authors: Tamim Bayoumi
• 2011 In Review: Four Hard Truths
  • Published: December 21, 2011
  • Authors: Olivier Blanchard
• Making the Most of Bad Situations
  • Published: December 13, 2011
  • Authors: Hugh Bredenkamp
• Central Banks, Financial Regulators, and the Quest for Financial Stability
  • Published: November 7, 2011
  • Authors: Olivier Blanchard
• Resolve and Determination—How We Get Out of This Together
  • Published: September 27, 2011
  • Authors: Christine Lagarde
• Haves and Have Less—Why Inequality Throws Us Off Balance
  • Published: September 14, 2011
  • Authors: Jeremy Clift
• Union Jack: Be Nimble, Be Quick
  • Published: August 1, 2011
  • Authors: Ajai Chopra
• Blow, Bling and Bucks: IMF Work Against Money Laundering and Terrorist Financing
  • Published: June 27, 2011
  • Authors: Jody Myers
• To Owe or Be Owned—Depends on How You Tax It
  • Published: May 13, 2011
  • Authors: Ruud de Mooij
• Connecting the Dots Between Global Risks
  • Published: April 21, 2011
  • Authors: iMFdirect
• Blanchard Sees Continued Two-Speed Recovery in 2011
  • Published: December 30, 2010
  • Authors: Olivier Blanchard
• 2010: The Year of IMF Reform
  • Published: December 28, 2010
  • Authors: James Boughton
• Today’s Bounty, Tomorrow’s Promise: Better Policies to Manage Natural Resources
  • Published: December 15, 2010
  • Authors: Leslie Lipschitz
• Macro-Prudential Policies: Putting the “Big Picture” into Financial Sector Regulation
  • Published: October 22, 2010
  • Authors: John Lipsky
• Weekend in Washington: Cooperating Our Way Out of Crisis
  • Published: October 12, 2010
  • Authors: Dominique Strauss-Kahn
• Making up for Lost Time: Getting Back on Track to the Millennium Development Goals
  • Published: September 20, 2010
  • Authors: Hugh Bredenkamp
  • Summary: Many of the world’s macroeconomists—including here in the IMF—are currently busy reading the daily tea-leaves, attempting to divine whether the sputtering recovery in the advanced economies will hold, and gradually pick up steam, or fall back into the notorious “double dip.”
• Saving the Lost Generation
  • Published: September 14, 2010
  • Authors: Dominique Strauss-Kahn
• A Problem Shared Is a Problem Halved: The G-20’s “Mutual Assessment Process”
  • Published: August 26, 2010
  • Authors: Olivier Blanchard
• Global Economy: Continuing Recovery But Clouds on the Horizon
  • Published: July 8, 2010
  • Authors: Olivier Blanchard
• The Priority of Growth and Jobs—the IMF’s Dialogue with the Unions
  • Published: July 6, 2010
  • Authors: Dominique Strauss-Kahn
• Fair and Substantial—Taxing the Financial Sector
  • Published: April 25, 2010
  • Authors: Carlo Cottarelli
• World Faces Serious New Economic Challenges
  • Published: April 21, 2010
  • Authors: Olivier Blanchard
• Topical Trust Funds—The New Assistance Vanguard
  • Published: March 29, 2010
• IMF Opens Up: Partnerships with Donors a Win-Win
  • Published: March 18, 2010
  • Authors: Alfred Kammer
• IMF Revises Up Its Global Economic Forecast
  • Published: January 26, 2010
  • Authors: Dominique Strauss-Kahn

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Source: https://www.imf.org/en/blogs/regions/GBL