Profile cover photo
Profile photo
IMF News
9,653 followers -
IMF News - the news magazine of the International Monetary Fund -- global economic and financial analysis
IMF News - the news magazine of the International Monetary Fund -- global economic and financial analysis

9,653 followers
About
IMF News's posts

Post has attachment
Robert J. Shiller’s Director's Lecture, “Narrative Economics,” addressed narrative psychology in #economics and its relation to economic inequality. How society has dealt with inequality in the past is deeply reflective of the narratives that shape our observations of blame and incentivization, Shiller argues. If inequality gets worse as technology continues to replace common labor, society will need to draw on insights from psychology, sociology, and institutional economics to address the problem in a durable way.

Post has attachment
Islamic banking, a small but fast-growing corner of the financial world, is receiving greater attention from regulators and policy makers. The IMF recently adopted a set of proposals on Islamic banking and called for a more comprehensive set of policies to ensure financial stability in countries with Islamic banking and support the sound development of the industry. The IMF is now calling for additional work and cooperation by its staff with other international agencies to improve the adoption of relevant standards for Islamic banking and to address remaining regulatory gaps. 

Post has shared content
Public
A growing literature aims to understand the remarkable slowdown in global trade growth in recent years. This column discusses a chapter in the IMF’s October 2016 World Economic Outlook on the drivers of the trade slowdown, and compares the findings to those of other recent studies. It argues that a variety of factors have contributed to weak trade growth, with widespread anaemic economic activity and the change in its composition being among the key drivers. 

Post has attachment
Household consumption—one of the main drivers of growth for Indonesia—is strengthening due to people's improving purchasing power amid low inflation and a stronger rupiah. Still, while strong household consumption should continue to support growth, Indonesia needs more investment to sustain and even accelerate the pace over the medium term.

Post has attachment
Ravi Kanbur says producing statistics on inequality is never just a technical act; it has political consequences. Kanbur is a Professor of Economics at Cornell University and delivered the keynote speech at the Fourth IMF Statistical Forum on Statistics for Inclusive Growth. In this podcast, Kanbur says data doesn’t always reflect reality when it comes to poverty and inequality.

Post has shared content
Public
Agriculture and food markets are plagued with inefficiencies that have dramatic consequences for the welfare of the world’s most vulnerable populations. Globally, farm subsidies amount to over $560 billion a year—equivalent to nearly four times the aid given to developing countries by richer ones. Major emerging-market nations have increased subsidies rapidly, even as rich nations cut theirs drastically. Meanwhile, tariffs on farm products remain a major point of contention in global trade talks.

Post has attachment
Agriculture and food markets are plagued with inefficiencies that have dramatic consequences for the welfare of the world’s most vulnerable populations. Globally, farm subsidies amount to over $560 billion a year—equivalent to nearly four times the aid given to developing countries by richer ones. Major emerging-market nations have increased subsidies rapidly, even as rich nations cut theirs drastically. Meanwhile, tariffs on farm products remain a major point of contention in global trade talks.

Post has shared content
Public
Higher growth should help address some of the discontent, as argued by Harvard economist Benjamin Friedman in his book, The Moral Consequences of Economic Growth. Friedman shows that, over the long sweep of history, strong growth by “the broad bulk” of a society’s citizens is associated with greater tolerance in attitudes towards immigrants, better provision for the disadvantaged in society, and strengthening of democratic institutions. However, designing policies so they deliver inclusive growth in the first place will be a more durable response than leaving matters to the trickle-down effects of growth.

Post has attachment
Higher growth should help address some of the discontent, as argued by Harvard economist Benjamin Friedman in his book, The Moral Consequences of Economic Growth. Friedman shows that, over the long sweep of history, strong growth by “the broad bulk” of a society’s citizens is associated with greater tolerance in attitudes towards immigrants, better provision for the disadvantaged in society, and strengthening of democratic institutions. However, designing policies so they deliver inclusive growth in the first place will be a more durable response than leaving matters to the trickle-down effects of growth.

Post has attachment
A preview of "Modernizing China," a book that analyzes the institutions and policies that govern important macroeconomic and financial areas in China, reviews reform progress, and suggests ways to strengthen policy frameworks further.
Wait while more posts are being loaded