The International Monetary Fund released its latest Fiscal Monitor last week. As expected, the headline message was quite grim for the advanced economies, many of which face grueling fiscal adjustments in coming years. One of the IMF’s most important findings is that the government financing needs of many advanced economies “remain exceptionally high.” As illustrated [...]
Posts Tagged ‘IMF’
Financing Needs of Advanced Economies Remain Exceptionally High
Posted in Budget, International, tagged Debt, Deficit, IMF on May 16, 2010 | 1 Comment »
Can Greece Cut Its Deficit by 10% of GDP?
Posted in Budget, History, International, tagged Budget, Debt, Deficit, Greece, IMF on May 1, 2010 | 6 Comments »
Greece needs money fast. The International Monetary Fund (IMF) and members of the Euro-zone have that money. But before they lend it to Greece (at very favorable interest rates), they are demanding that Greece get its fiscal house in order. As a result, Greece is proposing an austerity plan that would reduce its out-of-control budget [...]
Greece, the Other PIIGS, and “The Chastening”
Posted in Economy, Finance, History, International, Uncategorized, tagged Germany, Greece, IMF, Ireland, Italy, Portugal, Spain on April 28, 2010 | 1 Comment »
Several colleagues recently suggested that now is a propitious time to read (or re-read) Paul Blustein’s “The Chastening.” The book recounts how the International Monetary Fund (IMF) and the G-7 nations struggled to combat the Asian, Russian, and Latin American economic crises of the late 1990s. Having read the book while flying back and forth [...]
The U.S. Budget Challenge in International Context
Posted in Budget, International, tagged Budget, IMF on November 18, 2009 | 8 Comments »
A few weeks ago, the International Monetary Fund released a report analyzing the fiscal situation of the world’s largest economies. As I discuss at greater length in a piece over at e21, the IMF finds that the United States is not alone in facing daunting fiscal challenges. For example, the IMF predicts that theĀ United States [...]
IMF: The Lasting Effects of Financial Crises
Posted in Economy, Finance, International, Macroeconomics, tagged Economics, Finance, IMF, International, Macroeconomics on September 25, 2009 | 1 Comment »
Earlier this week, the IMF released a key chapter from the upcoming World Economic Outlook: Chapter 4: What’s the Damage? Medium-Term Output Dynamics After Financial Crises. As noted in theĀ much pithier summary, the report concludes that: The global financial crisis is likely to leave long-lasting scars on the world economy, but governments can act to [...]


