Dangerous Global Debt Burden Requires Decisive Cooperation
With elevated risks to sovereign debt, a global cooperative approach is necessary to reach an orderly resolution of debt problems and prevent defaults.
First Global Bank Stress Test Highlights Increased Financial Resilience
The world’s banking systems saw significant capital increases ahead of the pandemic and are resilient to very large shocks.
Why Jobs are Plentiful While Workers are Scarce
In the US and UK, the recent labor market puzzle can be partly explained by mismatch, the pandemic’s effect on women (in the US) and older workers leaving the work force.
Global Debt Reaches a Record $226 Trillion
Policymakers must strike the right balance in the face of high debt and rising inflation.
A Future with High Public Debt: Low-for-Long Is Not Low Forever
By Marcos Chamon and Jonathan D. Ostry
Many countries are experiencing a combination of high public debt and low interest rates. This was already the case in advanced economies even prior to the pandemic but has become even starker in its aftermath. […]
Europe Needs to Maintain Strong Policy Support to Sustain the Recovery
The pandemic is exacting a heavy toll on Europe. More than 240,000 people have lost their lives. Millions have suffered the illness themselves, the loss of loved ones, or major disruption in their work, their businesses, and their daily lives. […]
A Bridge to Economic Recovery: Be Aware of Financial Stability Risks
COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond
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. […]