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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 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 September 2011 |
Fiscal Neighbors Canada and the United States confronted growing budget deficits and public debt but the results differed. |
Finance & Development December 2010 Baldacci et al. |
Getting Debt under Control In dealing with the aftermath of the Great Recession, policymakers must pay attention to the mix of austerity policies. |
Finance & Development March 2009 Carlo Cottarelli |
Paying the Piper The role of medium-term fiscal policy in rebounding from the crisis. |
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 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 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 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 June 2009 Marek Belka |
Europe Under Stress The global economic crisis is testing the cohesion of the European Union |
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 2009 Carlo Cottarelli & Jose Vinals |
Looking Ahead Countries must begin now to devise economic strategies to accompany the recovery. |
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 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 1, 2005 dos Santos |
Brazil's Remarkable Journey Latin America's largest economy is finally reaping the benefits of reforms. |
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, 2003 Barnett & Ossowski |
What Goes Up... Why oil-producing states must husband their resources |
Finance & Development March 1, 2000 Jose Angel Gurria |
Mexico: Recent Developments, Structural Reforms, and Future Challenges In recent years, the Mexican government has implemented a series of economic reforms to strengthen the country's fundamentals and increase its ability to cope with external shocks. Because of the progress that has been made, the government is confident that Mexico will be able to leave recent crises behind and start the new millennium with a stable and growing economy. |
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 December 2011 Abebe Aemro Selassie |
A Cushion for the Poor Plagued by high unemployment and closely tied to Europe, South Africa is struggling. |
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 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 1, 2001 Ahmed, Lane & Schulze-Ghattas |
Refocusing IMF Conditionality Shortly after he assumed office as Managing Director of the IMF in May 2000, Horst Kohler launched a reform of the conditionality associated with its lending. What lies behind this change in approach, and what prospects does it have for strengthening implementation of reforms in the IMF's member countries? |
Finance & Development March 2009 James L. Rowe |
When Governments Intervene New IMF reporting standards provide a better gauge of the costs of government financial rescues. |
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. |
BusinessWeek December 15, 2003 David Fairlamb |
The Euro Zone: There Go The Brakes The decision to scrap strict spending limits may get growth going again. But it could also trigger bigger deficits. |
Finance & Development June 1, 2002 Mohsin S. Khan & Sunil Sharma |
Reconciling Conditionality and Country Ownership For the international community, one of the biggest challenges is how to reconcile the need for more country ownership of adjustment and reform programs with the need for conditions on IMF loans. |
Knowledge@Wharton March 26, 2003 |
Europe's Budget Battles Argue for a Kinder, Gentler Fiscal Pact The euro's recent rise against the dollar disguises deepening strains in the fiscal foundations of the single European currency that argue for a rethink of the rules governing the finances of participating nations. |
Finance & Development December 1, 2001 Davis, Ossowski, Daniel & Barnett |
Oil Funds: Problems Posing as Solutions? Heavy dependence on oil revenues---which are volatile and unpredictable, and will, sooner or later, dry up---greatly complicates a country's fiscal policy. To tackle these problems, many oil-producing countries are setting up oil funds. But are these really a solution, or just a problem posing as one? |
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 |
BusinessWeek November 22, 2004 Ewing & Rossant |
Fiddling While Budgets Bulge Europe's leaders are using accounting tricks to fix deficits. That won't cut it. |
Finance & Development December 1, 2001 Sergio Pereira Leite |
Human Rights and the IMF Human rights and macroeconomic stability are far from incompatible. Rather, they both play crucial roles in the fight against poverty. By supporting sound economic policies and encouraging constructive dialogue within civil society, the IMF contributes to human rights. |
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 March 1, 2000 Catherine L. Mann |
Is the U.S. Current Account Deficit Sustainable? The U.S. current account deficit, driven by the United States' widening trade deficit, is the largest it has ever been, both as a share of the U.S. economy and in dollar terms. How much longer can the United States continue to spend more than it earns and support the resumption of global growth? |
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 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 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 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. |
National Defense September 2004 David M. Walker |
Defense Transformation: A Battle the U.S. Cannot Afford to Lose A crunch is coming. Although national defense and homeland security have received generous funding in recent years, this cannot continue indefinitely. Defense budgets of the future almost certainly will be tighter. It is time to recognize that we are in a fiscal hole, and stop digging. |
On Wall Street December 1, 2012 Milton Ezrati |
Europe's Hidden Growth Agenda Amid Austerity Longer-term fundamental reform will redress underlying differences within Europe. |
Finance & Development September 1, 2007 Cottarelli & Mateos y Lago |
Helping the Global Economy Stay in Shape The IMF adopts a new framework for monitoring countries' economic performance. |
Finance & Development June 2011 |
Rethinking Economics in a Changed World Three Nobel laureates discuss what the global crisis has taught us. |
Finance & Development June 2011 |
How Ready for Pensioners? A new index assesses which countries are the best prepared and which are the worst prepared when it comes to meeting retirees' needs. |
Finance & Development December 2011 Tanner & Restrepo |
A Cushion for the Poor Commodity-exporting governments can reduce debt and still protect their least well off citizens |
Finance & Development December 2010 |
Stimulus Worked Without the quick and massive policy response, the Great Recession might still plague the United States. |
Finance & Development June 1, 2007 Traa & Carare |
A Government's Net Worth A new tool in surveillance, the public sector balance sheet, can help diagnose vulnerabilities that are not immediately visible in the budget. |
The Motley Fool April 7, 2010 Thomas F. Cooley |
(Don't) Read My Lips: Higher Taxes Are Inevitable Given current fiscal realities, higher taxes are inevitable. |
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 December 1, 2000 Masood Ahmed & Hugh Bredenkamp |
Supporting Poverty Reduction in Low-Income Developing Countries: The International Community's Response Despite developing countries' improved economic growth rates during the 1990s, poverty has remained firmly entrenched. How can developing countries, international financial institutions, and developed countries work together more effectively to reduce the incidence of poverty? |
Reason May 2009 Flynn & Summers |
Failed States After a long spending binge, governors go begging for a handout. It won't be their last. |