SOGEI website background

Global Crisis Leads I.M.F. Experts to Rethink Long-Held Ideas

Global Crisis Leads I.M.F. Experts to Rethink Long-Held Ideas

The International Monetary Fund has long preached the virtues of keeping inflation low and allowing money to flow freely across international boundaries. But two recent research papers by economists at the fund have questioned the soundness of that advice, arguing that slightly higher inflation and restrictions on capital flows can sometimes help buffer countries from financial turmoil.