The Fiscal and Financial Risks of a High-Debt, Slow-Growth World by Tobias Adrian, Vitor Gaspar, Pierre-Olivier Gourinchas published by IMF (2024) “Higher long-term real interest rates, lower growth, and higher debt will put pressure on medium-term fiscal trends and financial stability…
A New Measure of Central Bank Independence prepared by Tobias Adrian, Ashraf Khan, Lev Menand published by IMF (2/2024). This paper constructs a new index for measuring de jure central bank independence, the first entirely new index in three…
How Fiscal Restraint Can Help Fight Inflation by Tobias Adrian, Vitor Gaspar published by IMF (11/2022). “Fiscal policy can ease the task of monetary policy in reducing inflation while mitigating risks to financial stability Government support was vital to help people…
Asset Purchases and Direct Financing: Guiding Principles for Emerging Markets and Developing Economies during COVID–19 and Beyond by Tobias Adrian, Christopher J. Erceg, Simon T Gray, Ratna Sahay published by IMF (2021). “Many central banks in emerging market and developing economies have…
A COVID-19 agrava vulnerabilidades financeiras preexistentes por Tobias Adrian e Fabio Natalucci published by IMF (5/2020). “Da mesma forma que a COVID-19 atinge mais duramente as pessoas com problemas de saúde preexistentes, a crise econômica desencadeada pela pandemia…
Covid-19 crisis poses threat to financial stability by Tobias Adrian and Fabio Natalucci published by IMFBlog (4/2020). “The COVID-19 pandemic has caused an unprecedented human and health crisis. The measures necessary to contain the virus have triggered an economic…
Central bank digital currencies: 4 questions an answers by Tobias Adrian and Tommaso Mancini-Griffoli published by IMF (12/2019). “Central Bank Digital Currencies (CBDC) is a complex and multidisciplinary topic requiring active analysis and debate. It raises questions related to…
Prestação de contas, independência e transparência dos bancos centrais por Tobias Adrian e Ashraf Khan publicado pelo IMF (11/2019). “O Banco da Inglaterra iniciou suas operações em agosto de 1694, com 19 funcionários. A Carta Régia original, emitida pelo rei William…
Moedas digitais: a ascensão das stablecoins por Tobias Adrian e Tommaso Mancini-Griffoli publicado pelo IMF (9/2019). “A adoção de novos métodos de pagamento digital pode gerar benefícios consideráveis para os clientes e a sociedade: maior eficiência, mais concorrência, maior…
