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Jonathan D. Ostry

Jonathan D. Ostry

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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. simons2_Fadel SennaGettyImages_uae_foreign_aid Fadel Senna/Getty Images
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    Trump’s War on Foreign Aid and the Rise of Transactional Diplomacy

    Bright Simons highlights the global implications of the administration’s decision to shut down USAID.
  2. iyahen1_RANDY BROOKSAFP via Getty Images_barbadoshurricane Randy Brooks/AFP via Getty Images
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    Insuring Coastal and Ocean Resilience

    Ekhosuehi Iyahen explains how the insurance industry can mobilize private capital toward nature-based solutions.
  3. duranton2_AnadoluGettyImages_cybersecurity_conference Anadolu/Getty Images
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    What AI Can Learn From Aviation Safety

    Sylvain Duranton & Vanessa Lyon explain why the technology’s future depends on ensuring system integrity and preventing misuse.
  4. okonjoiweala32_Jessica RinaldiThe Boston Globe via Getty Images_UStelemedicine Jessica Rinaldi/The Boston Globe via Getty Images
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    America’s Big Trade Win

    Ngozi Okonjo-Iweala

    Despite the uncertainty surrounding global trade, there are some bright spots – namely, booming trade in services. And here, ironically, the United States is leading the way, running a services trade surplus with most major economies and generating millions of good jobs for American workers.

     encourages the US government to acknowledge the country’s impressive success in exporting services.
  5. krebs3_AXEL HEIMKENAFP via Getty Images_germanytankproduction Axel Jeimken/AFP via Getty Images
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    Germany’s Incoming Government Has Embraced Military Keynesianism

    Tom Krebs & Isabella M. Weber

    Germany's prospective governing parties have now amended the country's constitutional "debt brake" in order to boost defense spending. But by limiting the amendment to military expenditure, they are squandering an opportunity to invest in the country's economic future.

     warn that current plans to boost military spending will unnecessarily undercut other priorities.
  6. oneill131_CFOTOGettyImages_us_dollar CFOTO/Getty Images
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    Will the Dollar Continue to Fall?

    Jim O'Neill explains why the US currency has been declining despite widespread expectations to the contrary.
  7. tyson123_NurPhotoGettyImages_migrant_deportation NurPhoto/Getty Images
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    Deportations Will Deepen the Trump Slump

    Laura Tyson & Lenny Mendonca point out that immigrants are a major factor in the US economy’s overall performance.
  8. jclapp2_NurPhotoGettyImages_cargo_ship NurPhoto/Getty Images
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    The Biofuel Sham Could Worsen Global Hunger and Inequality

    Jennifer Clapp & Olivier De Schutter urge the UN maritime regulator not to encourage the shipping industry to move from one unsustainable fuel to another.
  9. rodrik233_Scott OlsonGetty Images_universityresearchfunding Scott Olsen/Getty Images
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    When Will US Academia and Business Speak Up Against Trump?

    Dani Rodrik argues that leaders in both sectors bear a disproportionate responsibility to come to democracy's defense.

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