David Lipton

We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which David Lipton is associated, including Middle East, Ukraine, and bank. Most recently, David Lipton has been quoted saying: “We can't expect the best outcome relying just on monetary policy.” in the article IMF's Lipton likes Bank of Japan policy revamp, calls for more 'arrows' | Reuters.

David Lipton quotes

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The authorities' resolute stance in unwinding the bank bailouts is welcome. Following through all steps until the bailouts are irreversibly unwound will be important to safeguard public finance.

Central banks have to always be ready to do whatever they can based on the realities they face. The BOJ has been an example of imaginative approaches.

There should be a process under which there can be dialogue between central bank and governments that leads to better combination of policies.

Combining the three-arrow approach with a stronger focus on boosting incomes would be one way to take some of the heat off the central bank.

I think it's good that the BOJ intensifies its efforts to try to reflate the economy.

The steps they've taken will give them more flexibility of action and enhance their credibility. It's a step in the right direction.

We can't expect the best outcome relying just on monetary policy.

In some areas they're very ambitious, the reforms are very significant … China's policies contribute a lot to the collective G-20 (Group of 20) effort so China is doing a lot [but] I think it's also fair to say that they're not yet doing enough.

I think as long as the U.K. and EU approach Brexit with a cooperative spirit, the outcome can be a good one.

We consider the economy to be growing comfortably. It's been growing at about 2.4% and we expect that again in 2016. We consider this to be a solid recovery. Of course, in the future, whoever comes in following President Obama, will inherit a healthy economy, I believe, but faces many long-term challenges. As one is seeing in the presidential campaign, there is a lot of discontent among the US population. The middle class has not been thriving.

A combination of monetary and fiscal policy and structural reforms was needed to strengthen growth and guard against risks.

We are in a situation where we see more global hot spots and threats to security than we have seen in quite a long time, perhaps in almost a generation. But I think so far we have not seen these events have an impact that we would call global. There are regional effects, whether that's the conflict in Ukraine or the Middle East. We don't see global effects.

What we are saying is that this is the perfect time to be trying to address that problem, because the infrastructure that you would build would have two very important effects: In the long run it would raise the productivity and the growth of the country by providing an infrastructure that could serve the population, it could serve households, it could serve the needs of businesses. But, of course, in the short run the construction of the infrastructure is an added demand. And so this is one policy that both raises demand and supply.

I think going forward it's important that the supervisors, the people that supervise banks, make sure that banks behave in a safer way. The international financial community had a project of financial regulatory reform ongoing for several years. I think it is making a lot of progress. We are not satisfied that everything is in place, but it will be very important that new rules are adopted and followed, so that the problems that brought down the world financial system can not recur.

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