How money, financial systems and policy shape economic activity, and how we measure the forces beneath the surface.
The same financial shock can produce very different economic outcomes. Understanding why means looking beneath aggregate indicators at the monetary arrangements, financial institutions and policy choices that connect markets with economic activity. That connection sits at the center of my work in global macroeconomics.
Measurement is part of the question. Research on economic slack in the eurozone examines how we assess an economy's room to grow. Work on derivatives, bank loan quality and exchange rate valuation explores the financial channels through which risks and incentives take shape. Analysis of Japan adds a perspective on monetary policy and its international setting.
Together, these strands ask how the architecture of finance influences economic adjustment. This page connects academic research, institutional analysis and public discussion so readers can follow an idea across different methods, markets and moments, and return to the original evidence.
503 results
Bloomberg reports on Rodrigo Paz’s proposed response to Bolivia’s fuel and dollar shortages after his election. Citing Jonathan Fortun’s written analysis, it highlights how a gradual adjustment depends on financing, credibility and the prospect of IMF support.
View detailsFortun examines the financing and credibility required for Rodrigo Paz's gradual adjustment plans, emphasizing depleted reserves, fuel subsidies and the sequencing of external support.
View detailsFortun contrasts the sovereign-bond rally after Bolivia's election with continued uncertainty in the parallel currency market and unresolved fiscal imbalances.
View detailsCoverage cites Fortun's assessment of Bolivia's depleted public finances and the difficult pace of adjustment facing the next government.
View detailsThe report cites Fortun's fiscal estimates and analysis of domestic debt alongside BancTrust's stabilization assessment.
View detailsFortun warns about Bolivia’s fiscal imbalance and the potential disruption from adjustment as Rodrigo Paz campaigns in the presidential runoff. Reuters examines Paz’s economic promises and the voters he is trying to attract.
View detailsFortun links declining gas production, rising electricity demand and costly fuel imports to the risk of energy shortages, describing a physical constraint beyond the election outcome.
View detailsFortun describes Bolivia's fiscal deficit and subsidies as structural challenges in the IIF's economic assessment.
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