Propping Up the Chinese Economy: Credit versus Fiscal Stimulus

2019-03-14T16:17:51-04:00December 12, 2017|

By Sophia Chen and Lev Ratnovski

December 13, 2017

Version in 中文 (Chinese), Español (Spanish), 日本語  (Japanese)

Construction work Qingyuan , Guangdong, China : Fiscal stimulus is a powerful tool for growth (photo: Imagine China/Newscom).

Credit booms are addictive. Credit supports growth and the perception of wealth. Yet credit booms are risky, and are often followed by financial busts and economic slowdowns. The challenge is […]

Preventing The Next Catastrophe: Where Do We Stand?

2017-04-15T13:35:59-04:00May 3, 2013|

David RomerGuest post by David Romer
University of California, Berkeley, and co-host of Rethinking Macro II: First Steps and Early Lessons

(Versions in 中文, 日本語, and Русский)

As I listened to the presentations and discussions, I found myself thinking about the conference from two perspectives. One is intellectual: Are we asking provocative questions? Are interesting ideas being proposed? Are we talking about important issues? By that standard, the conference was very successful: the discussion was extremely stimulating, and […]

The Power of Cooperation

2017-04-15T14:00:08-04:00December 21, 2012|

In an article in the new issue of Finance & Development magazine, President Bill Clinton shares his experience working with governments, business, and civil society as part of his Clinton Global Initiative. He says they are making the most progress in places where people have formed networks of creative cooperation where stakeholders come together to do things better, faster and cheaper than any could alone.

How to Exit the Danger Zone: IMF Update on Global Financial Stability

2017-04-15T14:13:37-04:00January 24, 2012|

Many of the root causes of the euro area crisis still need to be addressed before the system is stabilized and returns to health. Until this is done, global financial stability is likely to remain well within the “danger zone,” where a misstep or failure to address underlying tensions could precipitate a global crisis with grave economic and financial consequences.

No Country is an Island: Ireland and the IMF

2017-04-15T14:21:25-04:00July 14, 2011|

Speaking to the pain and anger of the Irish people at the toll the economic adjustment has taken on their daily lives, the IMF’s mission chief Ajai Chopra was clear during a press conference today in Dublin: the end goals is to protect the poor and most vulnerable people in society while restarting the economy. The IMF along with the European Central Bank and the European Commission were in the emerald isle for the regular quarterly review of the government’s economic program.
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