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Global activity has broadly strengthened and is expected to improve further in 2014–15, according to the April 2014 WEO, with much of the impetus for growth coming from advanced economies. Although downside risks have diminished overall, lower-than-expected inflation poses risks for advanced economies, there is increased financial volatility in emerging market economies, and increases in the cost of capital will likely dampen investment and weigh on growth. Advanced economy policymakers need to avoid a premature withdrawal of monetary accommodation. Emerging market economy policymakers must adopt measures to changing fundamentals, facilitate external adjustment, further monetary policy tightening, and carry out structural reforms. The report includes a chapter that analyzes the causes of worldwide decreases in real interest rates since the 1980s and concludes that global rates can be expected to rise in the medium term, but only moderately. Another chapter examines factors behind the fluctuations in emerging market economies’ growth and concludes that strong growth in China played a key role in buffering the effects of the global financial crisis in these economies.
Banks and Banking --- Finance: General --- Inflation --- Macroeconomics --- Money and Monetary Policy --- General Financial Markets: General (includes Measurement and Data) --- Price Level --- Deflation --- Interest Rates: Determination, Term Structure, and Effects --- Financial Crises --- Commodity Markets --- Finance --- Economic & financial crises & disasters --- Investment & securities --- Monetary economics --- Emerging and frontier financial markets --- Real interest rates --- Commodity prices --- Global financial crisis of 2008-2009 --- Financial services industry --- Prices --- Interest rates --- Global Financial Crisis, 2008-2009 --- Consumption --- Economics --- United States
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For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.
Banks and banking. --- Finance. --- Global Financial Crisis, 2008-2009. --- International finance. --- Banks and Banking --- Exports and Imports --- Labor --- Macroeconomics --- Public Finance --- Debt --- Debt Management --- Sovereign Debt --- Aggregate Factor Income Distribution --- Health: General --- Current Account Adjustment --- Short-term Capital Movements --- Education: General --- Public finance & taxation --- International economics --- Labour --- income economics --- Health economics --- Public debt --- Health --- Income inequality --- Education --- Poverty --- Debts, Public --- Income distribution --- Balance of payments --- United States --- Income economics
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Finance and Development, June 2014.
Economic development. --- Global Financial Crisis, 2008-2009. --- International finance. --- International monetary system --- International money --- Finance --- International economic relations --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Financial crises --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Banks and Banking --- Exports and Imports --- Foreign Exchange --- Labor --- Macroeconomics --- Trade: General --- Labor Economics: General --- Aggregate Factor Income Distribution --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Currency --- Foreign exchange --- Labour --- income economics --- International economics --- Banking --- Exchange rate flexibility --- Exchange rates --- Exchange rate arrangements --- Services sector --- Exports --- Labor economics --- Financial services industry --- Banks and banking --- China, People's Republic of --- Income economics
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This year, we mark the 70th anniversary of the IMF and World Bank and the 50th anniversary of F&D. The world has seen a staggering amount of change in the past seven decades. So, with these two anniversaries in mind we focused our attention on the transformation of the global economy—looking back and looking ahead. What will the global economy look like in another 70 years? Five Nobel laureates—George Akerlof, Paul Krugman, Robert Solow, Michael Spence, and Joseph Stiglitz—share their thoughts on which single “frontier” issue promises to shape the economic landscape in the years ahead. In “A World of Change,” Ayhan Kose and Ezgi Ozturk chart the economic transformations of the past 70 years. Martin Wolf looks at the perils and promise of globalization in “Shaping Globalization.” IMF Chief Christine Lagarde charts a course for the IMF in the next decade in Straight Talk IMF Chief Economist Olivier Blanchard distills the lessons of the 2008 global financial crisis in “Where Danger Lurks.” This issue also features cartoonist Nick Galifianakis and Joe Procopio telling the story of the IMF’s origins in a seven-page comic. The People in Economics series profiles a giant in economics—Nobel winner and Stanford professor Ken Arrow, who built on an early passion for math and work in meteorology during World War II to launch a storied career in economics. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality—the most hotly debated economic issue of recent days—by Jonathan Ostry and Andrew Berg round out the package.
Global Financial Crisis, 2008-2009.. --- International economic relations.. --- International finance. --- International monetary system --- International money --- Finance --- International economic relations --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Financial crises --- Finance: General --- Financial Risk Management --- Foreign Exchange --- Macroeconomics --- Money and Monetary Policy --- Aggregate Factor Income Distribution --- Personal Income, Wealth, and Their Distributions --- Financial Crises --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Economic & financial crises & disasters --- Monetary economics --- Environmental management --- Income inequality --- Personal income --- Income distribution --- Income --- International finance --- Foreign exchange --- United States
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