Monetary and Financial Stability During the Coronavirus Outbreak
This blog is part of a special series on the response to the coronavirus.
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The global spread of the coronavirus is a human tragedy unfolding across the world. Quantifying the economic impact is complex, giving rise to significant uncertainty about the economic outlook and the associated downside risks. (more…)
Limiting the Economic Fallout of the Coronavirus with Large Targeted Policies
This blog is part of a special series on the response to the coronavirus.
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This health crisis will have a significant economic fallout, reflecting shocks to supply and demand different from past crises. Substantial targeted policies are needed to support the economy through the epidemic, keeping intact the web of economic and financial relationships between workers and businesses, lenders and borrowers, and suppliers and end-users for activity to recover once the outbreak fades. The goal is to prevent a temporary crisis from permanently harming people and firms through job losses and bankruptcies. (more…)
Fiscal Policies to Protect People During the Coronavirus Outbreak
This blog is part of a special series on the response to the coronavirus.
By Vitor Gaspar and Paolo Mauro
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A key role of government is to protect the well-being of its people—most crucially and visibly during emergencies such as the recent outbreak of the coronavirus. The IMF has $50 billion available in rapid-disbursing emergency financing to help countries suffering from the virus. As Managing Director Kristalina Georgieva said, what we want is to guarantee that people are not going to die because of a lack of money. (more…)
Potential Impact of the Coronavirus Epidemic: What We Know and What We Can Do
This blog is the first of a special series on the response to the coronavirus
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We all recognize that the situation with the spread of the coronavirus is very serious and could well get worse. This affects us all. Let me start with what we know and what we don’t yet know about the coronavirus and then how the global community can support those affected by this crisis in an effective and coordinated way. (more…)
On Board with More Women in Leadership
By Kristalina Georgieva and Louise Levonian
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Where are all the women? It is a question we shouldn’t have to ask in 2020. But we do. Why? Because there are simply too few women in leadership positions all over the world. On the eve of International Women’s Day and as we approach the 100th anniversary of women getting the vote here in the United States, the time is right to get a handle on the problem. (more…)
Demographics and Destiny
By Gita Bhatt
When I visit my home country, India, I am always struck by how young it looks. From the big cities to the tiny villages, one can see the hopes and aspirations of twenty-somethings, many in search of work. In Japan, demographic trends have been moving in the opposite direction. Homes sit vacant, and villages are vanishing, as people have fewer children. In response, the Japanese are embracing technology to fill the gaps through innovations like robot chefs and automated medical services. (more…)
The Declining Fortunes of the Young
By Era Dabla-Norris , Carlo Pizzinelli, and Jay Rappaport
Will I do as well as my parents?
A positive answer to this question once seemed a foregone conclusion; now, for recent generations, less so. Despite being more educated than their parents, millennials—those born between 1980 and 2000—may have less job stability during their working life. Concerns that it might be more difficult to break into the middle class, or to have enough retirement savings, are also rising to the fore in policy debates in many advanced economies. (more…)
Delivering on Africa’s Dreams
By David Lipton
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Across sub-Saharan Africa, a visit to a school offers both a vision of hope for the future, and a reminder of the difficulties in attaining that vision. My recent visit to Sierra Leone and Niger brought this duality into sharp focus. (more…)
Chart of the WeekHigher Growth. Lower Crime?
Central America remains one of the world’s most violent regions, where about 4.5 percent of the world’s homicides occur. The region has only about 0.5 percent of the world's population. (more…)