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Mapping Income Polarization in the United States

By | May 15th, 2018|Advanced Economies, Economic research, education, inclusive growth, Inequality, U.S.|

By Ali Alichi and Rodrigo Mariscal

May 15, 2018

Versions in EspañolPortuguês

Investment in education an important countervailing force in addressing income inequality (photo: Istock by Getty Images).

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

By | May 11th, 2018|

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.

Chart of the Week: Inequality, Your Health, and Fiscal Policy

By | February 5th, 2018|Advanced Economies, China, Economic research, education, Emerging Markets, Environment, Fiscal, Fiscal policy, Global Governance, health, inclusive growth, India, Inequality, International Monetary Fund, Jobs, labor force, Low-income countries, productivity, U.S., unemployment, youth|

By Mercedes García-EscribanoBaoping Shang, and Emmanouil (Manos) Kitsios

February 5, 2018 

 Catania Sicily, Italy.  Men with a lower level of education live shorter lives, on average, than their better educated fellow citizens (photo: Jann Huizenga/Getty Images/IStock).

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” »

Latin America and the Caribbean in 2018: An Economic Recovery in the Making

By | January 25th, 2018|Caribbean, commodities, Economic outlook, Employment, exports, Financial Crisis, Fiscal policy, Globalization, Government, housing, imports, income, inflation, International Monetary Fund, Latin America, monetary policy, Politics, South America, trade, U.S., Uncategorized, wages|

By Alejandro Werner

January 25, 2018

Versions in Español (Spanish) and Português (Portuguese)

Latin America’s economic recovery is expected to benefit from higher commodity prices (photo: iStock by Getty Images)

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” »

Weak Productivity: The Role of Financial Factors and Policies

By | January 8th, 2018|Advanced Economies, banking, Economic Crisis, Economic research, Finance, Financial Crisis, financial policy, Globalization, growth, International Monetary Fund, monetary policy, productivity|

By Romain Duval, Giuseppe Nicoletti, and Fabrizio Zampolli

January 8, 2018

Auto worker in Mexico: weak productivity has been a problem even before the global financial crisis (photo: Henry Romero/Newscom).

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” »

Corruption in Latin America: A Way Forward

By | September 28th, 2017|corruption, Economic research, Fiscal policy, Globalization, Government, International Monetary Fund, Investment, Latin America, Politics, South America, taxation|

By David Lipton, Alejandro Werner, and S. Pelin Berkmen

September 28, 2017

Versions in Español (Spanish),  Português (Portuguese)

Sustained action on many fronts will be needed to push countries out of the corruption trap (photo: People Images/iStock). 

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” »

Growth That Reaches Everyone: Facts, Factors, Tools

By | September 20th, 2017|Economic research, Employment, Inequality, International Monetary Fund, Poverty, productivity, structural reforms, technology, unemployment, wages|

By Rupa Duttagupta, Stefania Fabrizio, Davide Furceri, and Sweta Saxena

September 20, 2017

Versions in Español (Spanish),  日本語 (Japanese), Русский (Russian) 

People lining up in front of a charity house in São Paulo, Brazil: Over 200 million people around the world are unemployed, despite overall economic growth (photo: Paulo Whitaker/Reuters/Newscom)

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

By | August 30th, 2017|

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.

 

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All Hands on Deck: Confronting the Challenges of Capital Flows

By | August 2nd, 2017|Advanced Economies, capital flows, capital markets, Economic research, Emerging Markets, Fiscal policy, Global Governance, Government, growth, inclusive growth, International Monetary Fund, Investment, labor markets, trade|

By Atish R. Ghosh, Jonathan D. Ostry, and Mahvash S. Qureshi

August 2, 2017

Versions in  Español (Spanish)

Exchange rates board, Australian Securities Exchange: Emerging economies have several tools to manage capital flows. The most common are foreign exchange intervention and monetary policy (photo: wx-bradwang/iStock by Getty Images)

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?

Continue reading “All Hands on Deck: Confronting the Challenges of Capital Flows” »

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