IMFBlog2019-03-25T18:06:11-04:00April 6, 2017|
By Selim Ali Elekdag and Gaston Gelos
Versions in عربي (Arabic), Français (French), Русский (Russian), and Español (Spanish)
The outlook for further interest-rate increases by the US Federal Reserve revives interest in a compelling question: In an increasingly integrated global financial system, how much control do countries outside of the US retain over their economic policies?
IMFBlog2019-03-27T14:51:53-04:00October 7, 2015|
by Vitor Gaspar
(Versions: عربي, 中文, Français, Русский, and Español)
The world economy is experiencing important transitions and associated uncertainties.
IMFBlog2017-04-14T01:38:34-04:00June 25, 2015|
By Ali Alichi, Douglas Laxton, Jarkko Turunen, and Hou Wang
A few weeks ago, the Fund suggested that the Federal Reserve could defer its first increase in the policy rate until it sees greater signs of wage or price inflation, with a gradual increase in the federal funds rate thereafter. Such a monetary policy strategy could help avoid the “dark corners” in which, as Olivier Blanchard has argued, small shocks can have potentially large effects. In this blog and accompanying working paper, we expand upon this idea. We also outline the potential benefits of an expanded communications toolkit.
IMFBlog2019-03-27T16:11:04-04:00June 5, 2015|
(Versions in Español and Português)
Latin America has reached a critical moment. So much better off than two decades ago, and still facing deep-seated problems that get in the way of sustained strong growth and economic development. To better understand these problems from countries’ perspectives, and explore ways the IMF and others can help address them, we brought together experts from the region and beyond—central bankers, finance ministers, and academics—for a high-level conference in Washington, D.C. earlier this week.
Under the theme of “Rising Challenges to Growth and Stability,” participants engaged in lively debates about the current difficulties facing Latin America and the policy priorities for now and the future.
Here are my main takeaways from the event:
IMFBlog2019-03-27T17:40:30-04:00April 29, 2015|
By Jonathan D. Ostry, Atish R. Ghosh, and Mahvash S. Qureshi
There has been a remarkable increase in financial flows to frontier economies from private sources which, in relation to their economic size, are now on par with those to emerging economies (see chart).
IMFBlog2017-04-14T01:59:52-04:00May 22, 2014|
By Alexander Klemm, Andre Meier, and Sebastián Sosa
(Version in Español)
Governments in most emerging economies, including in Latin America, have reduced their exposure to U.S. interest rates over the past decade, by issuing a greater share of public debt in domestic currencies.
Even so, sudden changes in U.S. interest rates still have the power to roil financial markets in emerging economies. Witness last year’s “taper tantrum”—when the Fed hinted at the possibility of tapering its bond purchases sooner than previously expected, causing bond yields to rise sharply. […]
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