Excellent column by Martin Wolf that refers to our blog with Tobias Adrian and Vitor Gaspar.
The tree of debt must stop growing ft.com/content/8aae57… via @ft .

With rising geopolitical tensions and a surge in trade restrictive policies, global linkages are changing. Gita Gopinath, Andrea Presbitero, Petia Topalova and I show that trade between blocs declined vs trade within blocs or with non-aligned countries. imf.org/en/Publication…

Higher long-term real interest rates, lower growth and higher debt present a challenge for fiscal trends and financial stability. Credibly and gradually rebuilding fiscal buffers is essential. Read our latest IMF blog, with Tobias and Vitor Gaspar. imf.org/en/Blogs/Artic…

Spacial economic clusters, peace and globalisation, international trade, and financial crashes: Let's take a look back at the remarkable research career of Philippe Martin 👇 brnw.ch/21wHy6W brnw.ch/21wHy6W
cc. ScPoEcon AFSE CEPR Conseil d'analyse économique

Excited that our paper w/Pierre-Olivier Gourinchas , Veronika Penciakova, Nick Sander is forthcoming JEEA. A novel channel, tested with European firm data during COVID: firm exit during liquidity shocks depends on government support under financial frictions. nber.org/papers/w27877

Congratulations Ludwig Straub ! This is wonderful and well deserved.

Even if you didn't like ECB's Valentine tweet. You are going to love the new CEPR ICMB book on Monetary policy responses to the post-pandemic inflation edited by Bill English Kristin J Forbes & Angel Ubide
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A heartfelt thank you to the authorities and people of South Africa for their hospitality and for hosting the launch of the IMF IMF's World Economic Outlook Update. Our hopeful but cautious outlook can be read here. bit.ly/47ShV1s

Had a very engaging conversation last week at the GIBS Business School forum with Prof. Adrian Saville. I shared our latest World Economic Outlook presentation. Global growth is resilient, but challenges remain, and emerging markets play a pivotal role in this landscape.