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Raghuram Rajan on Global Cooperation and Cross-border Capital Flows – F&D | The IMF at 75

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Michigan’s manufactured home sales fell off a cliff after 2000. Now they’re beginning to rebound. The number of mobile homes in Michigan has dropped by 13% since 2000, even as the overall number of housing units has increased.. Michigan’s manufactured home sales fell off a cliff after.

Cross-border capital flows are neither an unmitigated blessing nor an undoubted. BIS working paper, Bank for International Settlements, Basel. Mishra, Prachi, and Raghuram Rajan. 2019.

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The market’s pricing of Fed policy is a relatively good predictor of year-ahead GDP growth, and as can be seen in the chart below, what it is predicting is the worst economic slump since the global financial crisis.

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