Chart of the WeekHow a Collective Infrastructure Push Will Boost Global Growth

2020-11-25T09:39:06-05:00November 24, 2020|

By IMFBlog

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With vaccines around the corner, there is increased hope that the pandemic could soon be under better control. That said, the need for cooperative efforts to work toward a better future has never been greater. Priority areas relate to the need to produce and distribute vaccines globally, tackle climate change, and bolster the economic recovery from the crisis.

An IMF report published ahead of the G20 leaders meeting argues that a synchronized infrastructure investment push could invigorate growth, limit scarring, and address climate goals. […]

Monetary Policy for all? Inequality and the Conduct of Monetary Policy

2020-10-02T10:55:54-04:00September 30, 2020|

By Niels-Jakob Hansen, Alessandro Lin, and Rui C. Mano

Inequality in both advanced economies and emerging markets has been on the rise in recent decades. The COVID-19 pandemic has exacerbated and raised awareness of disparities between the rich and poor.

Fiscal policies and structural reforms are long known to be powerful mitigators of inequality. But what role can the central bank play?

In new IMF staff research, we find a case for central bankers to take inequality specifically into account when conducting monetary policy.

A new view on monetary policy

Even though inequality remains outside central banks’ mandates, major central […]

IMF Lending During the Pandemic and Beyond

2020-09-24T15:21:20-04:00September 17, 2020|

By Robert Gregory, Huidan Lin, and Martin Mühleisen

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In the face of unprecedented uncertainty and the severe economic impact triggered by COVID-19, the Fund continues to adapt its lending. At the same time, it aims to ensure realistic targets, uphold the credibility of programs, and foster national ownership. […]

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