The Research Department of the Inter-American Development Bank (IDB) invites recent university graduates and young professionals to apply to its Research Fellowship Program. Research fellows collaborate closely with a group of economists, providing support and helping generate new ideas to further the Bank's mission of promoting sustainable and equitable development in Latin … [Read more...] about Young Researchers Invited to Apply for Prestigious Fellowship
Macroeconomics and Finance
Central America and the Dominican Republic: Internal Strengths to Face External Challenges
The economies of Central America and the Dominican Republic (CADR) have been facing significant challenges that are not limited simply to fiscal issues. We trust that the region will improve its resilience to these challenges by consolidating its economic fundamentals, continuing to push for regional integration, and strengthening its institutions. All of this will contribute … [Read more...] about Central America and the Dominican Republic: Internal Strengths to Face External Challenges
When Focusing on the Interest Rate is Not Enough
Before the financial crisis of 2008, most governments lacked an institutional framework for handling financial policy. Central banks focused on monetary policy. They mostly used interest rates to influence inflation and output, believing such a focus could guarantee economic stability. But when it came to financial policy they were inclined to trust the invisible hand of the … [Read more...] about When Focusing on the Interest Rate is Not Enough
Unique Opportunity to Delve into Macroeconomics at Columbia University
Around 11 years ago, two leading economists who had been collaborating for years surveyed the current state of continuing education in economics and saw a large gap. There were lots of programs providing formal education. But there were virtually none offering mid-career professionals the latest tools for dealing with financial issues in emerging markets in a compact format. … [Read more...] about Unique Opportunity to Delve into Macroeconomics at Columbia University
Putting Latin America and the Caribbean's 2019 Growth Prospects in Perspective
The outlook for the global economy has shifted from a situation of healthy, broad-based growth across the larger economic blocks to a more nuanced view of growth perspectives, with substantial risks clouding the horizons. Considering the 12 months from 2017 Q3 to 2018 Q3, growth in the United States was 3% but many suggest that this relatively high rate will fade through 2019 … [Read more...] about Putting Latin America and the Caribbean’s 2019 Growth Prospects in Perspective