Featured Articles

Follow the Money

Shining a Light

Bringing money out of the shadows means improving governance

By David Lipton

• Tackling Tax Havens

  The billions attracted by tax havens do harm to sending and receiving nations alike

  BY Nicholas Shaxson

• Taxing Times

  The head of Greece’s tax collection agency is on a mission to improve compliance

  BY Maria Petrakis

• Privacy vs Transparency

  Countries must strike the right balance as they combat illicit financial flows

  BY Jay Purcell and Ivana Rossi

• The Cost of Corruption

  Graft results in lost tax revenue, but it also takes a social toll

  BY Paolo Mauro, Paulo Medas, and Jean-Marc Fournier

• The Rise of Phantom Investments

  Empty corporate shells in tax havens undermine tax collection

  By Jannick Damgaard, Thomas Elkjaer, and Niels Johannesen

People in Economics

Man with a Mission

Atif Mian

A Princeton economist, who sees the fight against inequality as a moral imperative

By Hyun-Sung Khang

• Susan Athey

  A Stanford economist who brings machine learning to economics

  By Bob Simison

• Branko Milanovic

  A leading scholar of inequality

  By Chris Wellisz

• Claudia Goldin

  Pioneering the study of women’s role in the economy

  By Peter J. Walker

• Raj Chetty

  Reshaping the study of social mobility with big data

  By Chris Wellisz

• David Donaldson

  Making no assumptions about trade that are not based on facts

  By Bruce Edwards

Series Archive

Point of View

OP-ED PIECES FROM LEADING THINKERS

Tackling Inequality in the 21st Century

One solution is to start with climate change

By Lyndsay Walsh

• A New Way to Address Inequality

  A focus on cities can improve upward economic mobility

  By Tarik Gooptu

• The IMF Can (and Must) Disrupt Itself

  In a rapidly changing world, the IMF needs member country support

  Mohamed A. El-Erian

• Unlocking the Power of Women

  Empowering women is critical for the world’s economy and people

  Katja Iversen

• Building an
  Inclusive Economy

  Iceland’s prime minister discusses what gender means for rethinking the economy

  Katrín Jakobsdóttir

In the Trenches

One-on-one with Policymakers

Convincing the Markets

Peter Praet revisits the ECB’s unconventional monetary policy response to the euro crisis

By Rebecca Christie

• Open for Business

  Clare Akamanzi explains how Rwanda is encouraging private sector development

  By Andrew Kanyegirire

• Pursuing Stability

  Elvira Nabiullina explains how bold policy action helped Russia avert a deeper recession

  By Olga Stankova

• The Poverty-Corruption Nexus

  Argentina’s battle against corruption must be waged on many fronts

  By David Pedroza

Picture This

Gimme Shelter

Counting wealth in offshore tax havens boosts estimates of inequality

By Lijun Li and Chris Wellisz

• Gap at a Glance

  Women still lag in many areas, while glaring disparity emerges in the technology field

  By Lijun Li

• On the Move

  Migration, with its upsides and downsides, is increasing globally

  By Jia Feng

Currency Notes

A Money Makeover

Japan spruces up its currency with holograms, trailblazers, and iconic art

By Melinda Weir

Online Exclusives

David Rubenstein on Profit and Purpose

Carlyle Group cofounder David M. Rubenstein on a new corporate reality

By Rahim Kanani

• Kevin Rudd on Climate Change

  One-on-one with former Australian Prime Minister Kevin Rudd

  By Rahim Kanani

• PM Trudeau on Climate, Cyber and Equality

  A wide-ranging interview with Canadian Prime Minister Justin Trudeau

  By Rahim Kanani

Also in This Issue

More Sand Than Oil

Sub-Saharan Africa stands to gain more from reducing corruption than any other region

By Nelson Sobrinho and Vimal Thakoor

• Nonprofits Investigate Profits

  Investigative journalists play a key role in bringing corruption to light

  By Andreas Adriano

• Illuminating Economic Growth

  Satellite images of the earth at night reveal the pace of economic growth and much more

  By Jiaxiong Yao

F&D Podcast Channel

The Value of Whales and Every Other Breath

How the carbon capture potential of whales and supporting international efforts to restore whale populations around the world is one of the simplest ways to fight climate change.

Ralph Chami and Michael Fishbach

Markets and State Leave Community Behind

In his latest book, Raghuram Rajan examines the relationship between the state, markets and communities, and argues localism is the answer to globalization.

Raghuram Rajan

Why A Carbon Tax Makes Sense

When it comes to environmental policies, Ian Parry argues none are more effective than carbon taxes.

Ian Parry

Back to Basics

Current Economic Issues Explained

What Is Stress Testing?

Checking the health of banks is crucial to financial stability

By Martin Čihák, Hiroko Oura, and Liliana Schumacher

• What Is Carbon Taxation?

  Carbon taxes have a central role in reducing greenhouse gases

  By Ian Parry

  How Fiscal Policies Can Help Save the Planet

• Does a Minimum Wage Help Workers?

  An overly generous wage may prompt employers to cut jobs

  By Piyaporn Sodsriwiboon and Gabriel Srour

  Minimum wage

• What Is Universal Basic Income?

  Proponents hail simplicity and equity; skeptics worry about fiscal cost and incentives

  By Maura Francese and Delphine Prady

Series Archive

Book Reviews

EXPERTS REVIEW THE LATEST BOOKS

The Third Pillar: How Markets and the State Leave the Community Behind

By Raghuram Rajan

Reviewed by PRAKASH LOUNGANI

• The Bretton Woods Agreements

  By Naomi Lamoreaux and Ian Shapiro, eds.

  Reviewed by LORD SKIDELSKY

• The Central Asian Economies in the Twenty-First Century: Paving a New Silk Road

  By Richard Pomfret

  Reviewed by MAMUKA TSERETELI

Straight Talk

IMF LEADERSHIP ON KEY GLOBAL ISSUES

Updating Bretton Woods

Renewed commitment to global economic cooperation is needed

Christine Lagarde

• Cleaning Up

  

  Countries are advancing efforts to stop criminals from laundering their trillions

  Rhoda Weeks-Brown

• A Regulatory Approach to Fintech

  

  We must guard against emerging risks without stifling innovation

  Christine Lagarde, IMF Managing Director

• Toward Inclusive Growth

  

  Emerging markets should share the fruits of their growth more equitably

  Tao Zhang, IMF Deputy Managing Director

F&D Video Channel

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