Tuesday, February 23, 2016
Financial Development, Inequality and Poverty: Some International Evidence
A new IMF paper by Sami Ben Naceur and RuiXin Zhang “(…) provides evidence on the link between financial development and income distribution. Several dimensions of financial development are considered: financial access, efficiency, stability, and liberalization. Each aspect is represented by two indicators: one related to financial institutions, and the other to financial markets. Using a sample of 143 countries from 1961 to 2011, the paper finds that four of the five dimensions of financial development can significantly reduce income inequality and poverty, Read the full article…
Posted by at 3:51 PM
Labels: Inclusive Growth
Friday, February 19, 2016
The IMF’s Interest in Inclusive Growth: Promising or PR?
My presentation today at CIGI tries to provide a framework for the IMF’s various recent policy forays and some of the key changes in IMF advice.
Posted by at 9:25 PM
Labels: Inclusive Growth
Thursday, February 18, 2016
House Prices in Austria
“House price growth was strong over recent years but has moderated recently”, says IMF’s report on Austria.
Posted by at 4:05 PM
Labels: Global Housing Watch
Thursday, February 11, 2016
House Prices in the Netherlands
Moreover, the report notes that “House prices have started to recover. However, they remain well below peak levels. Prices have risen by more than 5 percent since the 2013 trough, but they are still 17 percent below their 2008 peak in 2015:Q3. More than a quarter of Dutch households have mortgage debt in excess of the house value, primarily among younger households. The recovery in housing prices is uneven. The market is buoyant in Amsterdam, where house prices are less than 4 percent below the 2008 peak, and to a lesser extent in other major cities. However, house price increases are more subdued in outlying areas.”
“The turnaround in house prices presents an opportunity to implement policies to better insulate Dutch households and the overall economy from the effect of future house price declines and remove some of the incentives for excessive leverage—thereby reducing the likelihood and intensity of boom-bust cycles”, according to the IMF’s report on the Netherlands.
Moreover, the report notes that “House prices have started to recover. However, they remain well below peak levels. Prices have risen by more than 5 percent since the 2013 trough,
Posted by at 6:57 PM
Labels: Global Housing Watch
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