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IMF Research Perspectives Spring-Summer 2020
This interdisciplinary volume explores and engages the key thinkers and ideas of the Austrian School of political economy to better understand aspects of the market process and its implications for everything from disaster recovery and political development to morality and monetary policy.
The new administration’s policies have put the U.S. economy on a strong footing. An effective vaccine rollout has put the number of new COVID-19 cases on a firmly downward path. At the same time, unprecedented fiscal support is quickly restoring the economy back to full employment and generating positive outward spillovers to the world economy. These efforts have not been costless: the path for public debt is far higher; the current account deficit has grown; and very accommodative financial conditions have led to increased corporate and nonbank leverage and rising valuations across a range of assets. The pandemic continues to weigh heavily on those at the lower end of the income distribution, exposing longstanding inequities in access to quality healthcare and education (many of which have an important gender and racial dimension).
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Quick and easy to consult, the principal features of interest are described in the main Sights From A To Z section, with each entry cross-referenced to the large folded map that completes this handy map and guide pack. Detailed background information sets the scene: facts and figures about the people, religion, climate and economy, its culture and history, plus a round-up of associated famous people. Special features, colour photographs, superb colour maps and plans are found throughout the book and the well-organised Practical Information section ensures you can make the most of your stay.
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