Finance & Development, September 2014

Finance & Development, September 2014

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This year, we mark the 70th anniversary of the IMF and World Bank and the 50th anniversary of FaD. 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 economya€”looking back and looking ahead. What will the global economy look like in another 70 years? Five Nobel laureatesa€”George Akerlof, Paul Krugman, Robert Solow, Michael Spence, and Joseph Stiglitza€”share their thoughts on which single a€œfrontiera€ issue promises to shape the economic landscape in the years ahead. In a€œA World of Change, a€ 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 a€œShaping Globalization.a€ 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 a€œWhere Danger Lurks.a€ This issue also features cartoonist Nick Galifianakis and Joe Procopio telling the story of the IMFa€™s origins in a seven-page comic. The People in Economics series profiles a giant in economicsa€”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 inequalitya€”the most hotly debated economic issue of recent daysa€”by Jonathan Ostry and Andrew Berg round out the package.He combines empirical evidence and economic theory to research how to improve government policy decisions in areas such as tax ... 20 Finance aamp; Development September 2014 Amy Finkelstein, 40, American, MIT, researches the impact ofpublic policy on health care ... debt, the response of international prices to exchange rate movements, and the rapid shifts in relative value among world currencies.

Title:Finance & Development, September 2014
Author:International Monetary Fund. External Relations Dept.
Publisher:International Monetary Fund - 2014-08-29


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