IMF managing director Kristalina Georgieva On 16 November, IMF managing director Kristalina Georgieva delivered an opening statement for the fund’s 10th IMF Statistical Forum which was entitled Measuring the Tangible Benefits of Intangible Capital. The two-day event was addressed by…
Tag: IMF
Nine reasons not to study economics
1 It’s not a science. Economists present themselves as champions of a discipline with the rigour of physics. The models you’ll learn about are presented algebraically and will borrow from real sciences, particularly hydraulics. But the material of economics isn’t…
Comedy, Britain’s fiscal rules and Rishi Sunak’s budget
Will UK Chancellor of the Exchequer Rushi Sunak’s budget be (yet) another comedy show? Ahead of UK Chancellor of the Exchequer Rishi Sunak’s budget statement on 27 October, the New Economics Foundation (NEF) has released a report about “rules” that…
Fear of a Trump comeback haunts Biden’s economic policy
Three former presidents were the star guests for the inauguration last week of Joe Biden as the US’ 46th president. Bill Clinton, George W Bush and Barack Obama hugged and mugged for the cameras in open delight that Donald Trump…
Techonology and global trade cuts labour share in advanced economies
The share of national income received by workers has fallen steadily in advanced economies to under 40 per cent in 2014 from around 55 per cent in 1975, a new report by the IMF says. Labour’s share of national income…
How income inequality undermines trust
A working paper about income inequality published today by the IMF shows it undermines trust among low-income groups. “The results suggest that inequality at the bottom of the distribution lowers an individual’s sense of trust in others – in the…
IMF handling of Euro crisis slammed
The IMF’s management of the financial crisis that rocked the EU in 2010-13 has been criticised in an independent report released today. “The IMF’s handling of the euro area crisis raised issues of accountability and transparency, which helped create the…
IMF questions European labour migration
A report by the IMF about the movement of 18m from central and eastern Europe to western Europe since the fall of the Berlin Wall in 1990 says it has negatively affected the economies of the countries from which the…
FT slams IMF neoliberalism critique
The Financial Times today slammed the IMF’s criticism of neoliberalism as “navel-gazing” that is out-of date and dangerous. “…neoliberalism has become the catch-all criticism of unthinking radicals who lack the skills of empirical argument,” the Financial Times said in a…
IMF report challenges austerity and capital market deregulation
An article in the June edition of the fund’s quarterly Finance & Development magazine said some neoliberal policies have increased inequality and this is jeopardising durable expansion. The article was written by three economists in the IMF’s research department. They…