Argentina: Never Ending Restrictions
Since November 2011, Argentina has lived with financial restrictions except for three and a half years, from the beginning of 2016 to September 2019. The perspective is that it will have many more years of exchange restrictions, at least during the entire government of Alberto Fe… Become a member to read the rest of […]
ECUADOR: Perez or Lasso – that is the question
With 97.85% of votes cast in the 7 February presidential election now counted, Andres Arauz of the leftist Union for Hope (UNES) coalition has won 32.16% of the vote. Yaku Perez of Pachakutik, the political arm of the Confederation of Indigenous Nationalities of Ecuador (Conaie),… Become a member to read the rest of this […]
US/CHINA: First senior contact under Biden yields little sign of rapprochement
China’s top foreign policy official, Yang Jiechi, spoke with the US Secretary of State Anthony Blinken in the first senior-level official contact since US President Joe Biden took office. The readouts from both sides offer little hint that rapprochement is possible in th… Become a member to read the rest of this article
Gian Maria Milesi-Ferretti
Gian Maria Milesi-Ferretti is a senior fellow in the Hutchins Center on Fiscal and Monetary Policy. He was previously Deputy Director in the Research Department of the International Monetary Fund (2014-21). In this role, he directed the department’s work on multilateral surveillance, including the World Economic Outlook, G-20 reports, spillover analysis, and economic modeling. Between 2012 and 2014 he was Deputy Director in the Western Hemisphere Department and IMF mission chief to the United States. He received his undergraduate degree in economics from Università di Roma La Sapienza in 1985 and his Ph.D. from Harvard in 1991. He joined the London School of Economics thereafter, and moved to the IMF in 1993.
He has published extensively in refereed journals in the areas of international capital flows, international financial integration, current account sustainability, capital controls, taxation and growth, and political economy. His paper “The External Wealth of Nations Mark II” (joint with Philip Lane) won the Bhagwati award as best paper published in the Journal of International Economics during 2007-2008. Since 1996 he is a Research Fellow of the London-based Center for Economic Policy Research (CEPR).
Key Developments
The virus continues to depress aggregate demand across most OECD economies. Macro series – Key Developments – 7 February 2021… Become a member to read the rest of this article
WEEKLY POLITICAL COMPASS
The first high-level talks between Chinese officials and the new US administration have been held. In Italy, Mario Draghi’s new cabinet could be announced. After the first round of Ecuador’s presidential election, it is still unclear who came in second. South Africa’s president w… Become a member to read the rest of this article
LATAM PULSE
This week, a tense vote count in Ecuador will determine who should go into an April presidential run-off vote against the leftist Andres Arauz. Politically delicate wage talks get underway in Argentina amid concern over inflationary pressures and renewed anti-business rhetoric fr… Become a member to read the rest of this article