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Saving Latin Americas Unprecedented Income Windfall

posted to iMFdirect on Mon 20th May 13

by Gustavo Adler and Nicols Magud(Versions in Espaol and Portugus)Commodity exporting countries in Latin America have benefited strongly from the commodity price boom that began around 2002. And the accompanying improvements in public and external balance sheets
Banking on Reform: Can Volcker, Vickers and Liikanen Resolve the Too-Important-to-Fail Conundrum?

posted to iMFdirect on Tue 14th May 13

by Jos Vials and Ceyla PazarbasiogluThe global regulatory landscape governing banks has changed from its pre-crisis status quo.In addition to the Group of Twenty advanced and emerging economies led global regulatory reforms, like Basel III, the United States
The Evolving Role of the Banking Systems in Central, Eastern and Southeastern Europe

posted to iMFdirect on Thu 9th May 13

By Reza MoghadamWhat has been the role of foreign banks in financing growth and convergence in Central, Eastern and Southeastern Europe, and how is that role changing? This is discussed in the first issue of a new series of analytical work on the region called

2011 In Review: Four Hard Truths

posted to iMFdirect on Wed 21st Dec 11

By Olivier BlanchardWhat a difference a year makes We started 2011 in recovery mode, admittedly weak and unbalanced, but nevertheless there was hope. The issues appeared more tractable: how to deal with excessive housing debt in the United States, how to deal
Rewriting the Macroeconomists Playbook in the Wake of the Crisis

posted to iMFdirect on Fri 4th Mar 11

By Olivier BlanchardBefore the global economic crisis, mainstream macroeconomists had largely converged on a framework for the conduct of macroeconomic policy. The framework was elegant, and conceptually simple. Caricaturing just a bit, it went like this:The
The Future of Macroeconomic Policy: Nine Tentative Conclusions

posted to iMFdirect on Sun 13th Mar 11

By Olivier BlanchardThe global economic crisis taught us to question our most cherished beliefs about the way we conduct macroeconomic policy. Earlier I had put forward some ideas to help guide conversations as we reexamine these beliefs. I was heartened by

Links 5/17/13

posted to naked capitalism on Fri 17th May 13

Do you like my mane? Cat owners transform their pets into lions in latest internet craze Daily Mail (SW)Cells as living calculators MIT NewsTony Hayward becomes Glencore Xstrata interim chairman FTWhite House scandalsWhy Washington scandal-mania may save Medicare
George Akerlof on the Response to the Financial Crisis and Great Recession

posted to Econbrowser on Thu 16th May 13

In a blogpost taking stock of the IMF conference on lessons from the crisis, the Nobel laureate distills the lessons learned.He makes the following observations: Not only are financial recessions deeper and slower in recovery than in normal recessions. They
Weekly Roundup

posted to Falkenblog on Sun 5th May 13

If any of you are puzzled by the low inflation rate, consider that in 2005, the Fed convinced themselves that house prices weren't in a bubble because a hedonically adjusted housing price index showed little movement. Sort of like our consumer price indices.