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Jonathan D. Ostry

Jonathan D. Ostry

5 commentaries

Jonathan D. Ostry, formerly a senior official at the International Monetary Fund, is Professor of Economics, Global Affairs, and Public Policy at the University of Toronto and a nonresident fellow at the Brussels-based think tank Bruegel. His recent books include Confronting Inequality (Columbia University Press, 2019) and Taming the Tide of Capital Flows (MIT Press, 2018).

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  1. Canada Must Learn From the Green Backlash
    ostry6_Anadolu GettyImages_canada_axe_the_tax Anadolu/Getty Images

    Canada Must Learn From the Green Backlash

    Mar 7, 2025 Jonathan D. Ostry calls for climate policies to reflect social realities, instead of being based solely on economic efficiency.

  2. The Canary in the Inflation Coal Mine
    ostry5_Gary HershornGetty Images_shipping Gary Hershorn/Getty Images

    The Canary in the Inflation Coal Mine

    Oct 5, 2022 Jonathan D. Ostry explains why central banks should pay much greater attention to shipping costs.

  3. The IMF Is Still Behind the Times on Capital Controls
    stiglitz304_STEFANI REYNOLDSAFP via Getty Images_imf STEFANI REYNOLDS/AFP via Getty Images

    The IMF Is Still Behind the Times on Capital Controls

    May 16, 2022 Joseph E. Stiglitz & Jonathan D. Ostry thinks the Fund’s revised policy framework is better than the previous one, but still flawed.

  4. Inclusive Growth or Else
     Luxury clothing is displayed in a window along Madison Avenue Spencer Platt/Getty Images

    Inclusive Growth or Else

    Feb 5, 2018 Sergei Guriev, et al. propose concrete steps to support more sustainable and broadly shared economic prosperity.

  5. Surviving the Great Capital Flood

    Surviving the Great Capital Flood

    Oct 9, 2007 Simon Johnson & Jonathan D. Ostry

  1. hamada69_The Washington PostGettyImages_trump_speech The Washington Post/Getty Images

    Countering Trump’s Politics of Fear

    Koichi Hamada calls for a new set of policies that responds to, rather than dismisses, US voters’ legitimate fears.
  2. galen5_Andrew HarnikGetty Images_trumpcongress Andrew Harnik/Getty Images

    Where Are the Democrats?

    Reed Galen lambasts the party for sitting by and watching America implode, in the misguided hope of winning the midterms.
  3. moyo34_Spencer PlattGetty Images_NYSE Spencer Platt/Getty Images

    Signs of a US Recession

    Dambisa Moyo catalogues several indicators suggesting that the world's largest economy is headed for a slump.
  4. goldberg32_Spencer PlattGetty Images_USshipping Spencer Platt/Getty Images

    Trump’s Trade War

    Less than two months into his second presidency, Donald Trump has imposed sweeping tariffs on America’s three largest trading partners, with much more to come. This strategy not only lacks any credible theoretical foundations; it is putting the US on a path toward irrevocable economic and geopolitical decline.

  5. ruf1_MANAURE QUINTEROAFP via Getty Images_data center Manaure Quintero/AFP via Getty Images

    Why Frugal AI Alone Won’t Fix AI’s Energy Problem

    Boris Ruf explains why shifting the responsibility for reducing AI’s carbon footprint to end users is counterproductive.
  6. GettyImages-2176801438 TANG CHHIN SOTHY/AFP via Getty Images

    The Global South’s Path to Economic Resilience

    Anwar Ibrahim

    Today's profound global uncertainty is not some accident of history or consequence of values-free technologies. Rather, it reflects the will of rival great powers that continue to ignore the seminal economic and social changes underway in other parts of the world.

    explains how Malaysia and other middle powers are navigating increasingly uncertain geopolitical terrain.
  7. buchholz23_UCGGettyImages_ozempic_wegovy UCG/Getty Images

    America’s “HIP” Economy

    Todd G. Buchholz sees developments and breakthroughs in health, information, and power as grounds for optimism.
  8. velasco157_Robert GauthierLos Angeles Times via Getty Images_USborder Robert Gauthier/Los Angeles Times via Getty Images

    Where Have All the Flowers Gone?

    Andrés Velasco reflects on the tragic fate of the country that took him in as a teenage refugee from Augusto Pinochet's Chile.
  9. chellaney185_Charly TriballeauGettyImages_unga_russia_ukraine_vote Charly Triballeau/Getty Images

    The Global Divide Over the Ukraine War

    Brahma Chellaney urges all parties to adopt a realistic approach to a deadlocked conflict and negotiate accordingly.

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