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Watch this (Fiscal) Space: Assessing Room for Fiscal Maneuver in Advanced Countries

posted to iMFdirect on Wed 1st Sep 10

By Jonathan D. OstryPublic debt sustainability in most advanced economies used to be a non-issue, or at most a back-burner one. A couple years back, if the topic came up, most people associated it with developing or emerging market countries. Defaults, rising
A Problem Shared is a Problem Halved: The G-20s Mutual Assessment Process

posted to iMFdirect on Thu 26th Aug 10

By Olivier Blanchard 1The Group of Twenty industrialized and emerging market economies (G-20) has broken new ground over the past year or two. It has embraced the type of collaborative approach to policy design and review that is well suited to todays interdependent
Toto, were not in Kansas anymore: Exploring the Post-tornado Contours of the Financial System

posted to iMFdirect on Mon 16th Aug 10

By LauraKodresJust as a tornado in Kansas transplanted Dorothy and, her dog, Toto from familiar comforts to the unknown land of Oz, the global crisis has led many to wonder what has become of the global financial system and, more importantly, what will it look

Ten Commandments for Fiscal Adjustment in Advanced Economies

posted to iMFdirect on Thu 24th Jun 10

By Olivier Blanchard and Carlo Cottarelli(Version in FranaisEspaol)Advanced economies are facing the difficult challenge of implementing fiscal adjustment strategies without undermining a still fragile economic recovery. Fiscal adjustment is key to high private
Asia: The Challenge of Capital Inflows

posted to iMFdirect on Tue 18th May 10

By AnoopSinghAs I have highlighted in previous posts, Asia has been leading the global recovery and it is expected to continue doing so in the near term.Not only has Asias rapid growth helped output return to pre-crisis levels relatively quickly, it has attracted
Global Economy: Continuing Recovery But Clouds on the Horizon

posted to iMFdirect on Thu 8th Jul 10

By Olivier J. BlanchardThe macroeconomic forecasts in the IMF’s latest World Economic Outlook update reflect two opposing forces. Looking back, say over the first half of the year, numbers about economic activity have come in strong, indeed somewhat stronger

Link exchange

posted to Free exchange on Thu 22nd Jul 10

Free exchange Recommended economics writing S.C. | LONDON The best of the rest of the economics web TODAY'S recommended economics writings:Asias Keynesians take pride in prudence (Financial Times)Gauging the inflation expectations of business (Atlanta Fed)With
Assorted Links

posted to Mostly Economics on Wed 21st Jul 10

Krugman points(see this as well) to government debt in great depression. There is a lot of confusion over this ongoing fiscal austerity debate. Though Hoover followed fiscal austerity, debt situation actually worsened under Hoover more than FDR.WSJ Blog points
Assorted Links

posted to Mostly Economics on Fri 16th Jul 10

IFMR Blog on its rural tourism initiative- Rural Tourism Network Enterprise (RTNE)Gulzar summarises the debate- Rising corporate savings – another reason for more stimulus?He is so good at these literature survey postsThere is an interesting article by