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Finance & Development March 2009 Carlo Cottarelli |
Paying the Piper The role of medium-term fiscal policy in rebounding from the crisis. |
Finance & Development December 2009 Baldacci & Gupta |
Fiscal Expansions: What Works There is a firm link between the composition of fiscal policy and the length of a financial crisis. |
Finance & Development September 2010 Mark Horton |
How Grim a Fiscal Future? For most advanced economies, both the near term and the longer term are tight, but there are ways to ease budget pressures |
Finance & Development September 2011 |
Fiscal Neighbors Canada and the United States confronted growing budget deficits and public debt but the results differed. |
Finance & Development September 2010 Kevin Cheng |
The Long Run Is Near France, like many advanced economies, confronts the expensive needs of a rapidly aging population |
Finance & Development September 2009 Carlo Cottarelli & Jose Vinals |
Looking Ahead Countries must begin now to devise economic strategies to accompany the recovery. |
Finance & Development September 2011 Laurence Ball et al. |
Painful Medicine Although advanced economies need medium-run fiscal consolidation, slamming on the brakes too quickly will hurt incomes and job prospects. |
Finance & Development June 2010 Finger & Sadikov |
Lowering Public Debt Many countries have slashed their public debt ratios in the past, often thanks to macroeconomic conditions. They may be less lucky in the future. |
Finance & Development June 2009 Horton & El-Ganainy |
Back to Basics: What Is Fiscal Policy? What is fiscal policy? And, how can fiscal tools provide a boost to the world economy? |
Finance & Development June 2009 Eyzaguirre et al. |
Latin America: When Is Fiscal Stimulus Right? For some Latin American countries stimulus is appropriate during the global economic crisis. But for others the answer is less clear. |
Finance & Development March 1, 2001 Martin Muhleisen & Hamid Faruqee |
Japan: Population Aging and the Fiscal Challenge With Japan facing a demographic crisis, government finances--stretched to the limit to keep the economy afloat--have to cope with the rising strain on public pension and health systems. This article looks at the economic and fiscal costs of aging in Japan... |
Finance & Development June 2011 |
Beyond Retirees How countries change their pension systems and whether they do it in tandem have major implications for global economic health. |
Finance & Development September 1, 2000 Robert A. Feldman & C. Maxwell Watson |
Central Europe: From Transition to EU Membership The Central European countries have made considerable progress with the transition to a market economy and now face the challenge of developing macroeconomic policy frameworks on the road to EU accession. |
Finance & Development December 1, 2008 Olivier Blanchard |
Cracks in the System The Economic Counsellor and Chief Economist of the IMF discusses what he thinks is needed to repair the damaged global economy. |
Finance & Development December 2010 |
Emerging Markets Come of Age These vibrant middle-income countries survived the global recession, but face bumps as they seek to solidify their place in the world economy. |
Finance & Development March 2011 Irena Asmundson |
A History of World Debt How public debt has changed since 1880. |
Finance & Development June 1, 2005 Peter Heller |
Back to Basics -- Fiscal Space: What It Is and How to Get It Although the term is new, the concept is not. It has long been an element of sound fiscal analysis. And the challenge of creating fiscal space is one that has always confronted governments and their advisors, including international financial institutions like the IMF. |
Finance & Development June 2009 Marek Belka |
Europe Under Stress The global economic crisis is testing the cohesion of the European Union |
Finance & Development September 1, 2006 Anthony Annett |
Reform in Europe: What Went Right? Successful economic and social reformers can offer valuable lessons for the rest of the EU. |
Finance & Development March 2010 Berkmen et al. |
Differential Impact There's a reason why some countries were hit harder than others during the global crisis. |
Finance & Development September 1, 2000 Emine Gurgen |
Central Asia: Achievements and Prospects Although the five Central Asian countries in transition have made progress in moving to a market economy, they still have far to go and need to intensify their reform efforts. |
Finance & Development December 2009 Jones & Keen |
Climate Policy in Hard Times Restoring economic growth after the global financial crisis need not thwart the fight against climate change |
Finance & Development March 1, 2003 Barnett & Ossowski |
What Goes Up... Why oil-producing states must husband their resources |
Finance & Development March 1, 2000 Claudio M. Loser & Martine Guerguil |
The Long Road to Financial Stability Most countries in Latin America and the Caribbean weathered the economic crises of the late 1990s better than expected, thanks to the policy reforms of the past two decades. Further reform is urgently needed, however, to put the region on a faster growth path and reduce its vulnerability to external shocks. |
Finance & Development June 2011 |
Emerging Challenges Emerging markets must adapt to the new global reality by building on their economic success. |
Finance & Development March 2011 Nicolas Eyzaguirre |
Sustaining Latin America's Transformation Building on recent successes, Latin America now has a chance to raise its profile in the global marketplace. |
Finance & Development December 2010 Dao & Loungani |
The Tragedy of Unemployment Governments can do more to alleviate joblessness and its human costs. |
Finance & Development December 1, 2008 Charles Collyns |
The Crisis through the Lens of History The current financial crisis is ferocious, but looking at history shows the way to avoid another Great Depression. |
Finance & Development June 2009 Berglof et al. |
A Tale of Two Crises Russia is still a resource-dependent economy that must diversify in a market-friendly way |
Finance & Development March 1, 2001 Alvin D.L. Hilaire |
Economic Stabilization in the Caribbean Barbados, Guyana, Jamaica, and Trinidad and Tobago simultaneously tackled serious economic difficulties in the early 1990s. The results of their adjustment programs demonstrate that fiscal reform, supported by other policies, may be the key to achieving a sustainable recovery... |
Finance & Development September 2011 Celine Allard |
More Europe, Not Less The euro area is learning from its debt crisis that it needs a more centralized approach to fiscal and financial policies. |
Finance & Development June 1, 2006 Burton et al. |
Asia's Winds of Change The path that Asian countries have traveled to growth and prosperity in the past 50 years will remain relevant for the future -- the embrace of openness, the commitment to macroeconomic stability, and the drive to adapt and reform in response to changing circumstances. |
Finance & Development December 2011 Florence Jaumotte |
Fixing the Flaws in EMU The euro area's long-term survival requires a fundamental transformation of policymaking |
Finance & Development December 1, 2005 Carstens & Luis I. Jacome H. |
Taming the Monster How Latin America's central banks survived hyperinflation to become guardians of price stability. |
Finance & Development March 2011 Clements et al. |
Healing Health Care Finances Health care presents a daunting fiscal challenge in advanced and emerging economies alike, but reforms can help manage the growth of spending fairly and efficiently. |
Finance & Development June 1, 2006 Charles Kramer |
Asia's Investment Puzzle Despite the recovery in Asia, lingering uncertainty appears to be holding back investment. |
Finance & Development June 1, 2002 Emanuele Baldacci |
Financial Crises, Poverty, and Income Distribution How do financial crises affect income distribution and the poor? A recent IMF study shows that poverty rises and, in some cases, so does inequality -- underscoring the need for adequate and flexible safety nets, ideally in place before crises strike. |
Finance & Development September 2010 Laurence J. Kotlikoff |
A Hidden Fiscal Crisis A noted U.S. economist says debt figures seriously understate long-term budget problems in the United States |
Finance & Development March 1, 2000 Eduardo Aninat |
Chile in the 1990s: Embracing Development Opportunities A review of Chile's recent economic performance shows that, overall, the 1990s were a period of vigorous and unprecedented expansion, with average annual GDP growth of 6.5 percent. While 1999 was a time of economic adjustment after the fallout of the Asian crisis, Chile is now ready to resume healthy growth in 2000 and beyond.. |
Finance & Development June 2010 Bakker & Gulde |
Searching for Stability Eastern Europe rode a decade-long boom into a serious bust and now must figure out how to restart growth on a more even keel. |
Finance & Development March 1, 2003 Jbili & Kramarenko |
Should MENA Countries Float or Peg? As they open up their economies, MENA countries may need to rethink their exchange rate regimes |
Finance & Development June 2010 Linda Yueh |
A Stronger China China can emerge from the crisis stronger if it increases domestic demand and promotes global integration. |
Finance & Development March 1, 2000 Leonardo Cardemil, Juan Carlos Di Tata, & Florencia Frantischek |
Central America: Adjustment and Reforms in the 1990s Following a weak performance in the 1980s, the Central American economies experienced a turnaround in the 1990s as they adopted improved policies within a more stable political environment. Now, how can they best maintain macroeconomic stability, continue structural reforms, and strengthen social policies to maximize rates of economic growth and reduce the incidence of poverty? |
Finance & Development December 1, 2005 Singh & Collyns |
Latin America's Resurgence Latin America's recent resurgence amid continuing favorable external conditions provides another historic opportunity for the region to catalyze its considerable natural and human capital resources into sustained and higher growth. |
Finance & Development December 2011 Eswar S. Prasad |
Role Reversal Emerging economies are less dependent on debt, less vulnerable to volatile investment sentiment, and are rethinking the role of capital flows |
Finance & Development March 2011 Arslanalp et al. |
Investing in Growth Revisiting the debate over whether public investment in infrastructure is productive. |
Finance & Development March 2011 Mario Mesquita |
Great Expectations Brazil's economic success has raised the bar for that country, at home and abroad. |
Finance & Development June 2010 Anoop Singh |
Asia Leading the Way Asia is moving into a leadership role in the world economy. |
Finance & Development June 1, 2006 Citrin & Wolfson |
Japan's BACK! Growth in Japan, the world's second-largest economy, would have knock-on effects throughout Asia and the global economy and contribute to a more balanced pattern of global growth. This would also help to reduce global current account imbalances. |
Finance & Development September 2010 Jeremy Clift |
From the Editor: The Promise of the MDGs THE Millennium Development Goals are eight international development targets that all 192 United Nations member states and a large number of international organizations have agreed to achieve by the year 2015. |