Research at the IMF

Tenth Annual IMF Research Conference

The theme of this year's Annual Research Conference was 'Financial Frictions and Macroeconomic Adjustment.' The conference provided an opportunity to discuss topical issues in light of the crisis.

Ricardo Caballero: The Shock of Financial Crises

In an interview, one of the leading lights on international financial systems, Ricardo Caballero, explains why a financial crisis is like having a heart attack.

Unconventional Choices for Unconventional Times

New IMF research investigates if credit and quantitative easing in advanced economies have improved financial conditions and mitigated risks.

Experts Warn Financial System Risks Still High

Governments need to rethink how the financial sector intersects with the broader economy if future crises are to be avoided, economists agreed at a panel discussion at the IMF’s recently held Economic Forum.

How to Stop a Herd of Running Bears?

IMF Working Paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia.

Comparing Recessions in Germany, Spain, and UK

While the global financial crisis and recession have hit all of Europe’s economies, the impact has varied considerably across countries. Output and employment, for instance, have moved quite differently in Germany, Spain, and the United Kingdom, three of the larger European countries, according to IMF research.

Regional Economic Outlook: Asia and Pacific

After being hit hard by the global economic crisis, Asia is now rebounding fast, according to the IMF. The region is outpacing other parts of the world, with the “green shoots” of recovery appearing earlier and taking firmer root than elsewhere, read the latest analytical chapter.

Regional Economic Outlook: Western Hemisphere

Analytical chapters of the latest IMF report on the Western Hemisphere (October 2009) asks the following questions: Why has Latin America and the Caribbean fared better this time? How much space is there for countercyclical policy?

The State of Public Finances

Maintain Fiscal Support, but Devise Credible Exit Strategies, says the latest edition of the IMF’s Fiscal Monitor

Global Analysis

Antonio Spilimbergo, Economist

Recessions end up having a long-lasting effect on the beliefs of people. Research by Antonio Spilimbergo and Paola Giuliano shows that, compared to people who grow up during good times, people growing up during recessions believe success in life depends more on luck than on effort . They support more government redistribution but are also less confident in public institutions.

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