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levers to revive demand and raise productivity, and ensure the gains from technology and globalization-which have led to … unprecedented global welfare gains in recent decades-are shared more broadly. A retreat from globalization and multilateralism is a …
Persistent link: https://www.econbiz.de/10014408580
The global recovery has suffered new setbacks with uncertainty weighing heavily on confidence and prospects. Output is contracting in the euro area and growth has decelerated in many other advanced economies and major emerging markets. Markets have been buoyed by central bank action in the...
Persistent link: https://www.econbiz.de/10014410376
challenges from stronger expansion. In a world of interconnections, lagging policy momentum in some corners will soon affect all …
Persistent link: https://www.econbiz.de/10014410484
Against a backdrop of declining oil prices, sharp variations in exchange rates, and market volatility, global growth remains uneven. The prospect of a new mediocre lingers as medium-term forecasts have been marked down since the last GPA. Promoting balanced, sustained growth requires an...
Persistent link: https://www.econbiz.de/10014408526
The global economy is gaining momentum, but further progress hinges on policies to support the recovery, lift productivity growth, and enhance resilience. Against the background of rapid technological progress, a cooperative multilateral framework for trade and financial integration has served...
Persistent link: https://www.econbiz.de/10014408685
Persistent link: https://www.econbiz.de/10014410020
. The paper first draws on the World Input-Output Database (WIOD) to document the dynamics of trade linkages between …
Persistent link: https://www.econbiz.de/10014410433
This paper provides case studies of 13 of the largest non-UMP countries. The case studies begin with an overview of recent macro-economic developments as well as capital flow patterns during the crisis up to the first U.S. tapering announcement in May 2013. Country experiences with capital...
Persistent link: https://www.econbiz.de/10014410549
This paper takes stock of unconventional monetary policies (UMP) and their impact so far, and looks ahead towards exit and prospects for policy coordination. It synthesizes earlier staff work on UMP,1 the findings of a substantial and growing academic and central banking literature, as well as...
Persistent link: https://www.econbiz.de/10014410652
. Articles also look at the expansion of world trade, explore the impact of globalization on jobs, taxation, and the poor, a …Assiduously tracking the trends and consequences of globalization, the IMF's quarterly magazine Finance & Development … focuses on financial globalization, including the policy implications of the huge growth in cross-border capital flows …
Persistent link: https://www.econbiz.de/10012673982