Supply Chain Disruptions and Bottlenecks Dampen the Global Economic Recovery
Higher inflation has been a global phenomenon, even if with different intensities and multiple determinants
A strong dollar is contractionary for the global economy
Three different channels through which factors affecting bilateral exchange rates operate have been pulling up the U.S. dollar: yield differentials, liquidity differentials, and growth differentials
Will Latin America Return to Mediocre Growth After Shocks?
Latin America's recovery after the perfect storm should not be limited to a simple return to pre-pandemic “mediocre” levels of output growth
Tightening Financial Conditions Have Impacted Asset Values
What seems more likely is the combination of a global economic slowdown and continued tightening of global financial conditions. Equity markets in advanced economies will continue to exhibit downward slides until the monetary-financial grip eases.
Quantitative Tightening and Capital Flows to Emerging Markets
How complementary - or substitute - will be movements in interest rates and central bank balance sheet downsizing? What are their likely consequences on capital flows to emerging markets?
Slowbalization, Newbalization, Not Deglobalization
“the death of globalization was an exaggerated announcement”
Dollarization of Argentina: Revival of a Zombie Idea
Last March, a proposal of dollarizing Argentina’s economy arrived at its Congress.
Emerging economies, global inflation, and growth deceleration
Emerging market and developing economies face a common set of external shocks but the impacts have been heterogeneous