Mexico needs to prioritize boosting its very low long-term growth rate and create the jobs of the future for the youth. This will require tackling some difficult issues, particularly competitition, public services, and labor markets.
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May 15, 2018
When it comes to income inequality among American households, outcomes have varied widely across the 50 U.S. states. The impact of international competition gets a lot of the blame, along with automation, in states that have fared the worst. Continue reading “Mapping Income Polarization in the United States” »
Rodrigo Mariscal is a senior research analyst at the Institute of International Finance. He has worked at the IMF’s Western Hemisphere Department, the Inter-American Development Bank, and Mexico’s Central Bank. Mr. Mariscal holds an M.A. in economics from El Colegio de Mexico. His research focuses on macroeconomics, with emphasis on the credibility of inflation regimes in Latin America, sovereign debt restructurings, and commodity prices. He has also worked on income distribution and labor productivity in North America.
February 5, 2018
The gap in life expectancy between rich and poor people is a worldwide phenomenon, and has grown dramatically in recent years in some countries.
In our Chart of the Week, we show how this longevity gap, which reflects inequality in access to health care and its impact on peoples’ overall health, varies across countries. Men with a lower level of education live shorter lives, on average, than their better educated fellow citizens: this gap ranges from four years in Italy, to 14 years in Hungary, according to the October 2017 Fiscal Monitor. Continue reading “Chart of the Week: Inequality, Your Health, and Fiscal Policy” »
January 25, 2018
Recent trends in the world economy and financial markets are good news for Latin America. Global growth and trade are on an upswing, and we expect the momentum to continue in 2018. Stronger commodity prices have also helped the region rebound. Continue reading “Latin America and the Caribbean in 2018: An Economic Recovery in the Making” »
January 8, 2018
Almost ten years after the onset of the global financial crisis productivity growth remains anaemic in advanced economies despite very easy monetary conditions, casting doubts on the sustainability of the cyclical recovery. The productivity slowdown started well before the crisis, which then amplified the problem. To what extent can this slowdown be ascribed to policies and financial factors, including loose monetary policy prior to 2008, corporate and bank balance sheet vulnerabilities, and the exceptional monetary and financial policy responses to the crisis? Continue reading “Weak Productivity: The Role of Financial Factors and Policies” »
September 28, 2017
In our first blog of this two-part series, we noted that, despite recent progress, corruption in Latin America is still high. In this second blog, we look at measures to fight corruption that have worked well in other countries. Learning about these policies can provide insights to guide Latin America in the design of their anti-corruption strategies, even if the final shape of these policies will differ depending on country specifics. Continue reading “Corruption in Latin America: A Way Forward” »
September 20, 2017
Economic growth provides the basis for overcoming poverty and lifting living standards. But for growth to be sustained and inclusive, its benefits must reach all people.
While strong economic growth is necessary for economic development, it is not always sufficient.
Over the past few decades, growth has raised living standards and provided job opportunities, lifting millions out of extreme poverty. But, we have also seen a flip side. Inequality has risen in several advanced economies and remains stubbornly high in many that are still developing. Continue reading “Growth That Reaches Everyone: Facts, Factors, Tools” »
Sandra Lizarazo is an Economist in the Strategy, Policy, and Review (SPR) Department at the IMF. Prior to joining the Fund, she worked at ITAM (Mexico) until 2011, and visited the Economics Department in Carlos III (Spain) between 2011 and 2014. Her research interests lie in international finance, monetary economics and macroeconomics. She received her PhD in Economics from Duke University in 2005.
Latest Posts: The Benefits and Costs of a U.S. Tax Cut
August 2, 2017
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The global financial crisis and its aftermath saw boom-bust cycles in capital flows of unprecedented magnitude. Traditionally, emerging market economies were counselled not to impede capital flows. In recent years, however, there has been growing recognition that emerging market economies may benefit from more proactive management to avoid crisis when flows eventually recede. But do they adopt such a proactive approach in practice?