Policymakers and the global economy

The IMF and World Bank met in Washington while European leaders gathered in Brussels. Largely self-inflicted blows to the world economy mean a change of course is needed — but will policymakers seize the opportunity? Here’s the best of this week’s opinion and analysis

© James Ferguson

There is moral hazard in debt monetisation as it can neuter market discipline

Too much of what ails the world economy is the result of ‘stupid stuff’

They can make up for self-inflicted mistakes that have worsened the global slowdown

Measures taken by the European Central Bank since the crisis were bold and necessary

Governments should borrow more to stave off secular stagnation

Kristalina Georgieva’s appearance on an IMF panel about the issue is an important signal

More from this Series

Alternative data trackers suggest the country is avoiding other big economies’ gloom

IMF outlook focuses on the hard problem of regional divergence

The Fund’s biggest-ever programme was poorly thought through