Publications | Economic Analysis and Policy Division

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21 October 2015

Development Issues No. 3: Multidimensional Poverty

Measuring poverty with a single income or expenditure measure is an imperfect way to understand the deprivations of the poor since, for example, markets for basic needs and public goods may not exist. Complementing monetary with non-monetary information provides a more complete picture of poverty. Development Issues No. 3: Multidimensional Poverty

Development Issues #12: Emerging economies and the monetary tightening path in the United States

Summary: In June 2017, the Fed raised its key policy rate for the fourth time since December 2015, and announced plans to gradually reduce the size of its balance sheet. Amid high economic and policy uncertainty, however, rising interest rates by the Fed may pose considerable challenges for the emerging economies. Notably, countries with high borrowing needs, large dollar-denominated debt and fragile macroeconomic conditions are at a higher risk of experiencing large and potentially destabilising capital outflows. In this environment, policymakers will need to assess the various policy tools available that will most effectively mitigate the spillover effects of the Fed’s policy transition…