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Manmohan Agarwal Op-Ed Contributions
Better advice – not political will – key to solving sovereign debt crisis
In this week’s CIGI Interview, CIGI Senior Visiting Fellow Manmohan Agarwal, a former senior economist at the International Monetary Fund, suggests the problems facing the global economy rest not with the actions of our elected officials, but with the economic prescriptions that led to the current situation.
The need for macro-coordination
"To make fiscal policy work when monetary policy is ineffective and investors fear high deficits and rising debt/GDP ratios requires coordination between treasuries and central banks and across countries," CIGI Senior Visiting Fellow Manmohan Agarwal argues in laying out the case for coordination between central banks across borders.
Macro-coordination for financial turmoil
In an op-ed to the Korea Times, CIGI Senior Visiting Fellow Manmohan Agarwal argues that "coordination between treasuries and central banks is needed to prevent a negative reaction from financial markets to increased fiscal stimulus."
Stabilizing the global economy: From the debt ceiling to deficits
Global financial markets are experiencing their steepest declines since the 2008-09 crisis, causing uncertainty throughout the global economy. To get a better sense of the issues at play, we talk to CIGI Senior Visiting Fellow Manmohan Agarwal, former senior economist at the International Monetary Fund and former World Bank strategist.
The hardest hit
Economic turmoil in the developed economies is jeopardizing the recent hard won progress in developing countries. The Asian economies have accelerated their growth in the last five years. Countries in Latin America and Africa made substantial progress as these economies grew more than five per cent a year, a welcome change from the malaise that afflicted them in the 1980s and 1990s.
Recent increase in inflation: No cause for alarm
In recent months higher rates of inflation have been experienced by many countries. The rate of inflation has also increased in China, India and Russia.