Posts From Ned Pagliarulo
IMF oks Ukraine support plan, but risks could derail it
The $17 billion package will support fiscal adjustment and increased competitiveness. But the threat of losing control of Eastern Ukraine and risks in implementation make stability far from certain. The
“Too Big to Fail” banks enjoy lower funding costs despite stronger regulations
Implicit subsidies for large systemic banks has come down since the crisis but it is still higher than before, reflecting an ongoing perception of government support for the largest banks. While
Nigeria becomes Africa’s largest economy after GDP revision
Nigeria has begun using a new base year for its GDP calculations and has added new sectors to the economy. The change in calculation has nearly doubled its GDP estimate for
Part IV of IV: Nigeria’s failed attempt at subsidy reform
This final part in the GRI Series on energy subsidies examines Nigeria’s attempt at reform, and why it went wrong. Gradual adjustment and decision transparency are key elements of success.
Part I of IV: Why energy subsidies still exist despite inefficiencies
GRI Series on energy subsidies: Despite resolve to remove them, governments around the world continue to subsidize energy production and consumption. This series explores why. At the G20 Leader’s summit
IMF pushes for Ukraine reforms as part of aid package
In response to the recent turmoil in Ukraine, the IMF is working to extend financial assistance but will likely ask for reforms in the public, business and energy sectors. The
Fed debates changing forward guidance
The quickly falling US unemployment rate has caused the Federal Reserve to reevaluate how it communicates when it will raise interest rates. Recently released minutes of the Federal Reserve’s last
Masuzoe new Tokyo governor, defeats anti-nuclear rivals
Despite efforts to make Tokyo’s gubernatorial election a referendum on nuclear energy, Yoichi Masuzoe won by focusing on more basic economic issues. This reflects a desire to see “Abenomics” restore
ICJ grants Peru more ocean, maintains Chilean fishing grounds in ruling
On January 27th 2014, the International Court of Justice compromised in determining the maritime boundary between Peru and Chile, granting rights to key fishing stocks. Ruling on a case filed
US taper puts pressure on emerging markets
The Federal Reserve’s decision in January to continue reducing the pace of asset purchases has put emerging markets in a bind. At the end of January, the Federal Reserve decided
