Jonathan D. Ostry

Jonathan D. Ostry
Born (1962-07-29) July 29, 1962 (age 62)
NationalityCanadian
Academic career
FieldInternational economics
InstitutionInternational Monetary Fund
Alma materOxford University
London School of Economics
University of Chicago
Information at IDEAS / RePEc

Jonathan David Ostry is Professor of Economics, Global Affairs and Public Policy at the University of Toronto, cross-appointed to the Munk School of Global Affairs & Public Policy and the Department of Economics. Prior to his appointment to the University of Toronto faculty, Ostry served as Professor of the Practice in the Department of Economics at Georgetown University. Ostry is also a Research Fellow at the Centre for Economic Policy Research (CEPR) in London, England, and a Non-Resident Research Fellow at Bruegel in Brussels. Prior to his academic appointments, Ostry served in senior roles for more than three decades at the International Monetary Fund (IMF) in Washington DC, including as Deputy Director of the Research Department and Acting Director of the Asia and Pacific Department.[1][2][3]

Ostry's recent work has focused on the management of international capital flows, in particular the role of capital controls; this work has been influential in bringing about a shift in the institutional position of the IMF on capital controls.[4][5][6][7] Ostry has also published influential studies on the relationship between income inequality and economic growth, where his work—which has featured prominently in the financial press[8][9][10]—suggests that high income inequality and a failure to sustain economic growth may be two sides of the same coin. His other work focuses on fiscal sustainability issues (especially the role of a country’s track record of fiscal management in enabling it to access the international capital markets).[1][11] Ostry has many distinguished academic publications, and his work has been cited widely in scholarly journals, and in the press, including The Economist, the Financial Times, The Wall Street Journal, The New York Times and The Washington Post.[4][5][8][9][10][12][13][14] Ostry was listed in Who’s Who in Economics in 2003.[2] He was named one of the 100 most powerful people in global finance by Worth magazine in 2016,[15] and as one of the economists whose research shaped the world in 2017.[16]

  1. ^ a b Research at the IMF: Jonathan D. Ostry
  2. ^ a b Mark Blaug and Howard R. Vane (2003). Who's who in Economics: 4th ed. Cheltenham & Edward Elgar Pub.
  3. ^ Transcript of Press Briefing on the October 2020 Asia Pacific Regional Economic Outlook
  4. ^ a b The Economist (February 18, 2010), The IMF changes its mind on controls on capital inflows.
  5. ^ a b The Financial Times (February 22, 2010), IMF reconsiders capital controls opposition.
  6. ^ The Economist (April 07, 2011), The Reformation: A disjointed attempt by the IMF to refine its thinking on capital controls.
  7. ^ Capital Controls.
  8. ^ a b The Economist (October 13, 2012), Having Your Cake: Less Inequality Does Not Need To Mean Less Efficiency.
  9. ^ a b The New York Times (October 15, 2011), America’s ‘Primal Scream’.
  10. ^ a b The Washington Post (March 24, 2012), The False Choice Between Equality and Efficiency.
  11. ^ Jonathan D. Ostry (IMF): VoxEU
  12. ^ The Economist (October 06, 2012), Tide Barriers: Capital Controls Would Work Better If There Were Some International Norms.
  13. ^ The Wall Street Journal (September 02, 2010), IMF Warns Countries of Debt Risks, Dismisses Idea of Greek Default.
  14. ^ The New York Times (May 11, 2018), The Next New Thing in Finance — Bonds Linked Directly to the Economy.
  15. ^ Worth: The 100 most powerful men and women in global finance for 2016 Archived 2016-10-21 at the Wayback Machine
  16. ^ Quartz: 13 economists on the research that shaped our world in 2017