Interest rates likely to return towards pre-pandemic levels when inflation is tamed
The IMF explores the historical drivers of natural interest rates and possible future paths policymakers in advanced and emerging economies might take.
The IMF explores the historical drivers of natural interest rates and possible future paths policymakers in advanced and emerging economies might take.
Governments have used fiscal and monetary policies to lessen the economic impact of the pandemic, but this has increased private debt. What can they do next?
Analysis by the IMF suggests that research and development are vital for economic progress, and cross-border collaboration can speed up innovation.