IMFBlog2019-03-15T15:14:42-04:00September 27, 2017|
By Gee Hee Hong, Zsoka Koczan, Weicheng Lian, Malhar Nabar
September 27, 2017
Versions in عربي (Arabic), 中文 (Chinese), Español (Spanish), Français (French), 日本語 (Japanese), Русский (Russian)
Demand for workers is rising, but pay is hardly catching up (photo: Shironosov/iStock).
Over the past three years, labor markets in many advanced economies have shown increasing signs of healing from the Great Recession of 2008-09. Yet, despite falling […]
IMFBlog2019-03-26T15:32:35-04:00October 25, 2016|
by iMFdirect
The IMF’s Annual Research Conference is coming up November 3 and 4 and the theme this year is macroeconomics after the great recession.
IMFBlog2019-03-27T16:21:15-04:00June 2, 2015|
By Jonathan D. Ostry and Atish R. Ghosh
Financial bailouts, stimulus spending, and lower revenues during the Great Recession have resulted in some of the highest public debt ratios seen in advanced economies in the past forty years. Recent debates have centered on the pace at which to pay down this debt, with few questions being asked about whether the debt needs to be paid down in the first place.
A radical solution for high debt is to do nothing at all—just live with it. Indeed, from a welfare economics perspective—abstracting […]
IMFBlog2019-03-27T17:41:09-04:00April 28, 2015|
By Ravi Balakrishnan and Juan Solé
(Version in Español)
Last month’s report on U.S. jobs was disappointing, with far fewer jobs than expected added in March. A longer-term look at trends yields a different picture, however. Over the past year, U.S. job creation has been impressive. Payroll gains have averaged 260,000 per month—well above the 160,000 monthly average seen throughout the 2010–13 recovery.
IMFBlog2017-04-14T01:48:52-04:00January 14, 2015|
IMFBlog2017-04-14T01:48:56-04:00January 12, 2015|
By iMFdirect
In the end, the case for job rich, inclusive growth is not economic, it’s political, according to Nobel prize-winning economist Michael Spence.
In this podcast with the IMF, Spence discusses the growing sense in many countries that it’s mostly the wealthy population who are reaping the benefits of economic development.
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IMFBlog2017-04-14T01:54:11-04:00October 8, 2014|
by Vitor Gaspar
(version in Español, Français, 中文, Русский, and 日本語)
Unemployment remains unacceptably high in many countries. It increased dramatically during the Great Recession. Global unemployment currently exceeds 200 million people. An additional 13 million people are expected to be unemployed by 2018.
The most worrisome is youth unemployment. There are examples of advanced economies in Europe where youth unemployment surged above 50 percent. […]
IMFBlog2017-04-14T01:55:44-04:00August 7, 2014|
(Version in Español)
It’s not supposed to be this way. As the U.S. economy recovers, hirings increase and people are encouraged to look for jobs again. Instead, the ratio of the adult population with jobs, or looking for one—what’s called the labor force participation rate—has been falling, standing at 62.9 percent in July 2014 (Figure 1).
IMFBlog2017-04-14T02:06:59-04:00April 1, 2014|
By Aseel Almansour, Aqib Aslam, John Bluedorn and Rupa Duttagupta
Emerging markets have grown at a remarkable pace through most of the 2000s. They even rebounded strongly from the Great Recession, notwithstanding the sluggishness in advanced economies. Easy global financial conditions, rising commodity prices and beneficial terms of trade potentially compensated for weak external demand from the advanced economies.
But now, emerging market growth, while still strong, has begun to slow. This oddly coincides with an outlook for advanced economies that is improving, even if gradually. So […]
IMFBlog2017-04-14T02:10:16-04:00February 7, 2014|
(Version in Español)
Over 200 million people are unemployed around the globe today, over a fifth of them in advanced economies. Unemployment rates in these economies shot up at the onset of the Great Recession and, five years later, remain very high. Some argue that this is to be expected given that the economy remains well below trend and press for greater easing of macroeconomic policies (e.g. Krugman, […]
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