Previously on MoreLiver’s
IMF Sees Heightened Risks Sapping Slower
Global Recovery – IMF
IMF revises forecast down, global growth
projected at 3.3 percent this year. World trade slumps, hurting emerging
markets, developing countries. Prospects could improve if clouds over euro
area, U.S. “fiscal cliff” are lifted
World Economic Outlook: Coping with High Debt
and Sluggish Growth
– IMF
Global Economy: Some Bad News and Some Hope – iMFdirect
Growth to Slow in East Asia and Pacific in 2012, But Domestic
Demand Will Play Key Role in Rebound Next Year – The
World Bank
Fiscal Monitor – IMF
With growth weakening in many parts of the
world and downside risks on the rise, fiscal consolidation remains challenging.
However, considerable progress has been made in strengthening fiscal accounts
following their sharp deterioration in 2008–09.
UPDATES
UPDATES
Time Not On Our Side – iMFdirect
Tough Decisions Needed to Strengthen Financial
Stability
Opening Remarks By Christine Lagarde, Managing
Director – IMF
Bank of
Japan-IMF High-Level Seminar “Challenges of the Global Financial System: Risks
and Governance under Evolving Globalization”
BLOGS & ARTICLES
IMF Sees ‘Alarmingly High’ Risk of Deeper
Global Slump – Bloomberg
IMF cuts global growth forecast; prods Europe, U.S. – Reuters
The IMF cut its global growth forecast on
Tuesday for the second time since April and warned U.S. and European
policymakers that failure to fix their economic ills would prolong the slump.
IMF sees 'alarmingly high' risk of fresh global slump – The Telegraph
IMF sees 'alarmingly high' risk of fresh global slump – The Telegraph
The
International Monetary Fund has slashed its growth forecast for large parts of
the world economy and warned of a full-blown global slump if policymakers in Europe or the US mishandle serious threats.
IMF lowers growth forecast – alphaville / FT
IMF Shakes Austerity Orthodoxy for New
Pragmatism – View
/ Bloomberg
The IMF Global Financial Stability Report: Restoring Confidence and Progressing on Reforms – bruegel
The IMF Global Financial Stability Report: Restoring Confidence and Progressing on Reforms – bruegel
The IMF's Lagarde Is Unaware What The IMF's
Market-Moving Report Contains – ZH
IMF Offers Bleak Assessment of Stalled Recovery – TIME
The Brics have taken an unhappy turn – Gideon
Rachman / FT
Over the past three years, conventional wisdom
divided the world’s major economies into two basic groups – the Brics and the
sicks…But now something odd is happening. The Brics are in trouble. The nature
of the problem in each nation is different. But there are also some broad
difficulties that link them.
IMF: Eurozone unemployment to exceed that of Middle East and North Africa – Sober
Look
Transcript of a Press Briefing on the IMF Fiscal Monitor – IMF
UPDATES:
Is the IMF pushing for an end to austerity? – Brussels blog / FT
UPDATES 2:
IMF fires euro zone broadside – MacroScope / Reuters
UPDATES 4:
IMF: Austerity is much worse for the economy than we thought – Wonkblog / WP
Transcript of a Press Briefing on the IMF Fiscal Monitor – IMF
Transcript of a Press Conference on the Global
Financial Stability Report – IMF
UPDATES:
Is the IMF pushing for an end to austerity? – Brussels blog / FT
Underestimating Fiscal Policy Multipliers – Fatasmihov
It’s (austerity) Multiplier Failure – alphaville
/ FT
Informal evidence suggests that the multipliers
implicitly used to generate these forecasts are about 0.5. So actual
multipliers may be higher, in the range of 0.9 to 1.7. So… why did the IMF
(among others) get it so wrong on the fiscal multiplier?
Let go of the brakes – Free exchange
/ The Economist
Many countries' tax and spending decisions are
contributing to rising inequality, and are insufficiently targeted at cutting
unemployment. But the most immediate problem is that consolidation in advanced
countries is excessively pro-cyclical.
IMF: politics could wreck EU bank union plan – euobserver
IMF: politics could wreck EU bank union plan – euobserver
If EU anti-crisis measures, such as the banking
union, are not put in place right away "the forces of financial
fragmentation [will] increase and become entrenched, capital holes in banking
systems [will] expand and the intra-euro-area capital account crisis [will]
spill outward ... [with] deleterious consequences for the rest of the world."
Prepare for probable disappointment, IMF – alphaville
/ FT
The
assumptions behind IMF’s growth forecasts are risky.
UPDATES 2:
IMF fires euro zone broadside – MacroScope / Reuters
Slower and slower – Free
exchange / The Economist
Deleveraging Shocks and the Multiplier – Krugman
/ NYT
Multipliers: using theory and evidence in
macroeconomics – mainly
macro
Taking Stock: Public Finances Now Stronger in
Many Countries – iMFdirect
European Banks Need To Sell Up $4.5 Trillion In
Assets In Next 14 Months, IMF Warns – ZH
IMF: eastern Europe, watch out – beyondbrics
/ FT
IMF warns of threat to EU banks from capital
flight – The Guardian
Total assets of banks could shrink by trillions
of dollars as money is taken out of peripheral eurozone countries
BizDaily: The outlook for growth – BBC
(mp3)
Business Daily discovers why the International
Monetary Fund is growing ever more pessimistic about the outlook for the world
economy. Has the potential for world growth been permanently harmed? But
amongst the gloom there is one chink of light - unusually African economies
have the most optimistic outlook. We report from West Africa on improving prospects for growth.
Every unhappy peripheral is unhappy in its own way – Fistful of Euros
UPDATES 3:
The IMF game changer – alphaville / FT
Every unhappy peripheral is unhappy in its own way – Fistful of Euros
UPDATES 3:
The IMF game changer – alphaville / FT
IMF has played bad cop to the global economy
for generations now, enforcing austerity, conditionality and accountability
wherever it goes. And, for the most part, it’s the emerging world that’s
suffered most. Recanting on some of these closely held beliefs, especially now
that the bitter medicine is predominantly being applied to the developed world,
is awkward to say the least.
IMF Suddenly Decides It Might be OK to Loosen
Austerity Tourniquets Now that Gangrene is Setting In – naked
capitalism
The IMF and the GOP – Krugman
/ NYT
UPDATES 4:
IMF: Austerity is much worse for the economy than we thought – Wonkblog / WP
Robustness of IMF data scrutinized – Global
Economy / FT
IMF Admits It Prescribed Wrong Medicine; Is IMF
Short for I Must Fail? – Mish’s
Times Like This Are Different – Krugman / NYT
Times Like This Are Different – Krugman / NYT
More on multipliers: why does it matter? – Not
the treasury view
Multipliers: using theory and evidence in
macroeconomics – mainly
macro