Front Matter Page

    IMF RESEARCH perspectives


    Deniz Igan

    Chris Papageorgiou

    Guest Editor

    Yuko Hashimoto

    Assistant Editor

    Patricia Loo

    Editorial Assistant

    Tracey Lookadoo


    Christian Bogmans

    Adrian Peralta-Alva

    Damien Puy

    Cian Ruane

    Axel Schimmelpfennig

    Yuko Hashimoto

    Cover, design, and layout

    CSF Creative

    IMF Research Perspectives—the IMF online bulletin with news on research is a bi-annual publication in English and is available exclusively online free of charge.

    The views expressed in the Bulletin are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Material from this publication may be reprinted with proper attribution.

    Editorial correspondence may be addressed to:


    • Attn: Editor, IMF Research Perspectives

    • 700 19th Street, NW

    • Room HQ1–9–253

    • Washington, DC 20431

    • USA

    • E-mail:


    For new issues of IMF Research Perspectives and a variety of other IMF publications, sign up for an electronic notifcation at

    Individual issues are available at

    Note from the Guest Editor

    In the Spring/Summer 2019 issue, we explore how old questions are tackled with new technology. In recent years we have witnessed unprecedented technological progress—such as digitalization, automation, machine learning, and big data—and its applications for everyday life. At the same time, we are seeing a remarkable slowdown in global economic activity after a few years of steady upswing. Policy and political uncertainties in many parts of the world remain high, while challenges such as climate change loom over the longer horizon. The time is right for policymakers to work cooperatively both nationally and internationally to help ward off downside risks and ensure effective policy support.

    How will policymakers tackle reemerging yet long-standing economic issues, such as productivity, market failure, and resource allocation? What insights do new data and methodologies offer? The articles in this issue discuss the many ways technological progress and increased data availability have helped, as well as remaining challenges to making the best use of new technologies for analysis and judgment. In this way, policy can be evidence-based, proactively address risks and vulnerabilities, and lead to sustainable growth. ~Yuko Hashimoto