U.S. Bubble-Led Macroeconomics
There has been a mismatch between rising financial wealth and the pace of creation and incorporation of new assets
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Global Imbalances and the Pandemic
Current account deficits in the global economy widened in 2020 during the pandemic but the misalignment between fundamentals and current account balances has not been exacerbated.
China’s renminbi needs convertibility to internationalize
Chinese currency as a full reserve currency will only happen when confidence in its convertibility is sufficient to convince unofficial (private) investors to hold much more reserves denominated in it
Development through gender inequality
Empirical evidence shows that gender inequality, including from legal gender-related restrictions, leads to the loss of growth opportunities, particularly in countries at earlier stages of development
Matchmaking Private Finance and Green Infrastructure
Development of pipelines of projects with homogeneous regulations and standards, as well as with minimum mismatch between risks and comfort of private investors to manage them will be needed
Lost in transition: developing countries in the global economy
The growth and productivity performance of emerging market and developing economies since the 2008 global financial crisis failed to repeat the achievements of the previous decade
The Global Economy and the Pandemic
The divergence of per capita incomes in the world is rising as an aftermath of the pandemic.