By Olivier Blanchard
Economia
By Olivier BlanchardWhat a difference a year makes …
We started 2011 in recovery mode, admittedly weak and unbalanced, but nevertheless there was hope. The issues appeared more tractable: how to deal with excessive housing debt in the United States, how to deal with adjustment in countries at the periphery of the Euro area, how to handle volatile capital inflows to emerging economies, and how to improve financial sector regulation.
It was a long agenda, but one that appeared within reach.
Yet, as the year draws to a close, the recovery in many advanced economies is at a standstill, with some investors even exploring the implications of a potential breakup of the euro zone, and the real possibility that conditions may be worse than we saw in 2008.
I draw four main lessons from what has happened
Mais
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Brazil’s disappointing economy Stuck in the mud Feeble growth has forced a change of course. But the government’s room for manoeuvre is more limited than it was FAILING to meet low expectations is becoming a habit for Brazil’s economy. Figures...
- O Que Está Por Trás Da "crise Do Euro"?
Published on FINANCIAL SENSE (http://www.financialsense.com)What’s Behind the Euro Crisis and How Will It End?By Antony P. Mueller12/30/2011While the pronouncement of the “euro crisis” has become a main topic in the newsrooms and while a plethora...
- Crise Da Dívida Na Perspectiva Histórica
Lessons from a century of large public debt reductions and build-ups S. M. Ali Abbas Nazim Belhocine Asmaa El-Ganainy Mark Horton 18 December 2011 As policymakers continue to grapple with high debts and the troubles that come with them, this column...
- Crise Da Dívida Soberana Na Europa - Mapa Interativa
European economies Europe's deepening crisis Nov 10th 2011, 17:48 by The Economist online THE interactive graphic ... (updated November 10th 2011) illustrates the depth of the problems that the European economy faces. The euro-zone crisis reached...
- Desenvolvimento Global
May 17, 2011—By 2025, six major emerging economies—Brazil, China, India, Indonesia, South Korea, and Russia—will account for more than half of all global growth, and the international monetary system will no longer be dominated by a single currency....
Economia
2011 na perspectiva de Olivier Blanchard
2011 In Review: Four Hard Truths
Posted on December 21, 2011 by iMFdirect
By Olivier BlanchardWe started 2011 in recovery mode, admittedly weak and unbalanced, but nevertheless there was hope. The issues appeared more tractable: how to deal with excessive housing debt in the United States, how to deal with adjustment in countries at the periphery of the Euro area, how to handle volatile capital inflows to emerging economies, and how to improve financial sector regulation.
It was a long agenda, but one that appeared within reach.
Yet, as the year draws to a close, the recovery in many advanced economies is at a standstill, with some investors even exploring the implications of a potential breakup of the euro zone, and the real possibility that conditions may be worse than we saw in 2008.
I draw four main lessons from what has happened
Mais
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- Dilma Na (própria) Lama
Brazil’s disappointing economy Stuck in the mud Feeble growth has forced a change of course. But the government’s room for manoeuvre is more limited than it was FAILING to meet low expectations is becoming a habit for Brazil’s economy. Figures...
- O Que Está Por Trás Da "crise Do Euro"?
Published on FINANCIAL SENSE (http://www.financialsense.com)What’s Behind the Euro Crisis and How Will It End?By Antony P. Mueller12/30/2011While the pronouncement of the “euro crisis” has become a main topic in the newsrooms and while a plethora...
- Crise Da Dívida Na Perspectiva Histórica
Lessons from a century of large public debt reductions and build-ups S. M. Ali Abbas Nazim Belhocine Asmaa El-Ganainy Mark Horton 18 December 2011 As policymakers continue to grapple with high debts and the troubles that come with them, this column...
- Crise Da Dívida Soberana Na Europa - Mapa Interativa
European economies Europe's deepening crisis Nov 10th 2011, 17:48 by The Economist online THE interactive graphic ... (updated November 10th 2011) illustrates the depth of the problems that the European economy faces. The euro-zone crisis reached...
- Desenvolvimento Global
May 17, 2011—By 2025, six major emerging economies—Brazil, China, India, Indonesia, South Korea, and Russia—will account for more than half of all global growth, and the international monetary system will no longer be dominated by a single currency....