Hello from Nick Owen, Managing Editor of IMF F&D Magazine

Dear Jagjeet, I hope this note reaches you well. My name is Nick Owen and I am the managing director for IMF Finance & Development. I wanted to personally introduce you to our magazine and thank you for your interest. We cover cutting-edge research and analysis of key economic, finance and development issues shaping the world, and I hope you find our content useful and action-oriented. Europe faces the most daunting set of challenges since the Cold War. Russia's invasion of Ukraine, the first major war of aggression on European soil since 1945, has forced a fundamental questioning of old certainties. Economic recovery has stalled and stagnant productivity is dragging down medium-term growth prospects. Can the EU rouse itself to meet the challenges of a new era marked by rapid geopolitical shifts and policy uncertainty? In this issue of Finance & Development(PDF), we examine that question in depth. Dear Jagjeet, I hope this note reaches you well. My name is Nick Owen and I am the managing director for IMF Finance & Development. I wanted to personally introduce you to our magazine and thank you for your interest. We cover cutting-edge research and analysis of key economic, finance and development issues shaping the world, and I hope you find our content useful and action-oriented. Europe faces the most daunting set of challenges since the Cold War. Russia's invasion of Ukraine, the first major war of aggression on European soil since 1945, has forced a fundamental questioning of old certainties. Economic recovery has stalled and stagnant productivity is dragging down medium-term growth prospects. Can the EU rouse itself to meet the challenges of a new era marked by rapid geopolitical shifts and policy uncertainty? In this issue of Finance & Development(PDF), we examine that question in depth. Europe: From Adversity to Advantage Europe: From Adversity to Advantage (Art by Cristiana Couceiro) (Art by Cristiana Couceiro) Europe's Elusive Savings and Investment Union | An integrated capital market must be accompanied by regulatory reforms to attract substantial investment | Ravi Balakrishnan and Mahmood Pradhan Making Germany Grow Again | Long-term, future-focused investment can rescue Europe's largest economy from stagnation | Ulrike Malmendier and Claudia Schaffranka Europe's Innovators Are Waking Up | The continent's innovation success stories and renewed sense of purpose defy criticism of overregulation | Alessandro Merli Plus, government ministers from three of Europe's fastest-growing economies share their perspectives on how to boost growth: Europe's Elusive Savings and Investment Union | An integrated capital market must be accompanied by regulatory reforms to attract substantial investment | Ravi Balakrishnan and Mahmood Pradhan Making Germany Grow Again | Long-term, future-focused investment can rescue Europe's largest economy from stagnation | Ulrike Malmendier and Claudia Schaffranka Europe's Innovators Are Waking Up | The continent's innovation success stories and renewed sense of purpose defy criticism of overregulation | Alessandro Merli Plus, government ministers from three of Europe's fastest-growing economies share their perspectives on how to boost growth: Europe's Economic Revival | Poland's successful economic transformation can inspire the continent today | Andrzej Domański Europe's Economic Revival | Poland's successful economic transformation can inspire the continent today | Andrzej Domański Greece's Remarkable Recovery | Strong reforms have turned Greece into one of Europe's fastest-growing economies | Konstantinos Hatzidakis Greece's Remarkable Recovery | Strong reforms have turned Greece into one of Europe's fastest-growing economies | Konstantinos Hatzidakis Spain's Shift to Success | Our new model of balanced and sustainable growth is overcoming traditional dilemmas | Carlos Cuerpo Spain's Shift to Success | Our new model of balanced and sustainable growth is overcoming traditional dilemmas | Carlos Cuerpo Point of View Point of View (Credit: Chantal Jahchan) (Credit: Chantal Jahchan) Europe's Future Hinges on Greater Unity | But first the EU must overcome distrust between its member states and in its institutions | Simon Nixon   We Need a New Growth Compact | Innovation and integration can revive growth amid sweeping geopolitical change | Pierre-Olivier Gourinchas   Reclaiming a Policy Role for Economists | Acknowledging missteps, listening well, defending data, and avoiding jargon will help the profession engage | Karen Dynan Europe's Future Hinges on Greater Unity | But first the EU must overcome distrust between its member states and in its institutions | Simon Nixon   We Need a New Growth Compact | Innovation and integration can revive growth amid sweeping geopolitical change | Pierre-Olivier Gourinchas   Reclaiming a Policy Role for Economists | Acknowledging missteps, listening well, defending data, and avoiding jargon will help the profession engage | Karen Dynan Also Featured Also Featured (Credit: Hadley Hooper) (Credit: Hadley Hooper) The Longevity Dividend| Aging populations should be embraced, not feared | Andrew Scott and Peter Piot   Sustaining Growth in an Aging World | Older populations need not lead to slumping economic growth and mounting fiscal pressures | Bertrand Gruss and Diaa Noureldin   The Debate over Falling Fertility | A decline in global population later this century may threaten human progress, or it may lead to better lives | David E. Bloom, Michael Kuhn, and Klaus Prettner   Machine Intelligence and Human Judgment | AI could reverse the widening inequality driven by technology, or aggravate it | Ajay Agrawal, Joshua Gans, and Avi Goldfarb   A Moving History | Migration has propelled human progress for hundreds of thousands of years | Ian Goldin The Longevity Dividend| Aging populations should be embraced, not feared | Andrew Scott and Peter Piot   Sustaining Growth in an Aging World | Older populations need not lead to slumping economic growth and mounting fiscal pressures | Bertrand Gruss and Diaa Noureldin   The Debate over Falling Fertility | A decline in global population later this century may threaten human progress, or it may lead to better lives | David E. Bloom, Michael Kuhn, and Klaus Prettner   Machine Intelligence and Human Judgment | AI could reverse the widening inequality driven by technology, or aggravate it | Ajay Agrawal, Joshua Gans, and Avi Goldfarb   A Moving History | Migration has propelled human progress for hundreds of thousands of years | Ian Goldin Our Regular Departments Our Regular Departments (Credit: Mark Henley) (Credit: Mark Henley) Andreas Adriano profiles Agustín Carstens, finance minister, head of the BIS, and central banker with a start-up mentality, for People in Economics.   When controlled by a select few, tech innovation can be self-serving and undermine the institutions that make it possible, Simon Johnson says in Café Economics.   Kevin Fletcher explains why productivity, not competitiveness, is the better path to prosperity for Back to Basics.   Picture This shows how stalled trade and rising tariffs are testing global economic resilience.   For books, Mouhamadou Sy reviews Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead by Kenneth Rogoff.   Volker Wieland reviews Crisis Cycle: Challenges, Evolution, and Future of the Euro by John H. Cochrane, Luis Garicano, and Klaus Masuch.   And Vivek Arora reviews Entropy Economics: The Living Basis of Value and Production by James K. Galbraith and Jing Chen   For Currency Notes, Salsa Mazlan tells how Macao SAR's unique history has yielded different yet equally elegant versions of the same banknote. Andreas Adriano profiles Agustín Carstens, finance minister, head of the BIS, and central banker with a start-up mentality, for People in Economics.   When controlled by a select few, tech innovation can be self-serving and undermine the institutions that make it possible, Simon Johnson says in Café Economics.   Kevin Fletcher explains why productivity, not competitiveness, is the better path to prosperity for Back to Basics.   Picture This shows how stalled trade and rising tariffs are testing global economic resilience.   For books, Mouhamadou Sy reviews Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead by Kenneth Rogoff.   Volker Wieland reviews Crisis Cycle: Challenges, Evolution, and Future of the Euro by John H. Cochrane, Luis Garicano, and Klaus Masuch.   And Vivek Arora reviews Entropy Economics: The Living Basis of Value and Production by James K. Galbraith and Jing Chen   For Currency Notes, Salsa Mazlan tells how Macao SAR's unique history has yielded different yet equally elegant versions of the same banknote. Did you know we have other newsletters like the "IMF Weekend Read"?—a clear and concise weekly round-up of all the latest IMF analysis on global economics, finance, development and policy issues shaping the world. View all of our newsletters here and enter your email to access your subscriptions. Thank you again for your interest and take care. Did you know we have other newsletters like the "IMF Weekend Read"?—a clear and concise weekly round-up of all the latest IMF analysis on global economics, finance, development and policy issues shaping the world. View all of our newsletters here and enter your email to access your subscriptions. Thank you again for your interest and take care. Nick Owen Managing Editor, F&D Magazine nowen@IMF.org Nick Owen Managing Editor, F&D Magazine nowen@IMF.org Stay connected with the International Monetary Fund:            SUBSCRIBER SERVICES: Manage Subscriptions  |  Unsubscribe All   This email was sent to gjagjeet610.worldwin@blogger.com on behalf of: International Monetary Fund 1900 Pennsylvania Ave NW · Washington, DC · 20431 This email was sent to gjagjeet610.worldwin@blogger.com on behalf of: International Monetary Fund 1900 Pennsylvania Ave NW · Washington, DC · 20431