COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond

2020-08-14T10:32:05-04:00August 6, 2020|

By Martin Mühleisen, Tryggvi Gudmundsson, and Hélène Poirson Ward

عربي, 中文, Español, Français, 日本語, Português, Русский 

The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. […]

Economic Preparedness: The Need for Fiscal Space

2019-03-14T10:06:20-04:00June 27, 2018|

By Vikram Haksar, Marialuz Moreno-Badia, Catherine Pattillo and Murtaza Syed

June 27, 2018

Versions in عربي中文Baˈhasa indoneˈsia,  日本語Português

Countries must assess the amount of room in their budgets for increasing spending or cutting taxes (photo: Martin Barraud/iStock by Getty Images)

How much leeway national policymakers have for increasing spending or cutting taxes has been hard to assess. […]

Africa’s Success: More Than A Resource Story

2017-04-14T02:15:20-04:00October 31, 2013|

Antoinette SayehBy Antoinette M. Sayeh

When meeting with people outside Africa, I’m often asked whether Africa’s growth takeoff since the mid-1990s has been simply a “commodity story”—a ride fueled by windfall gains from high commodity prices. But finance ministers and other policymakers in the region, and I was one of them, know that the story is richer than that.

In this spirit, in our latest Regional Economic Outlook: Sub-Saharan Africa a team of economists from the […]

Central Banks, Financial Regulators, and the Quest for Financial Stability: 2011 IMF Annual Research Conference

2017-04-15T14:16:05-04:00November 7, 2011|

The global financial crisis gave economists pause for thought about what should be the future of macroeconomic policy. We have devoted much of our thinking to this issue these past three years, including how the many policy instruments work together. The interactions between monetary and macroprudential policies, in particular, remain hotly debated. This topic goes to the core of central banks’ mandates, and their role in achieving macroeconomic and financial stability. While the financial crisis triggered a fundamental rethinking of these issues, much research—both conceptual and empirical—remains to be done. I hope this year’s IMF Annual Research Conference will contribute to expanding the frontier of knowledge on this topic.
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