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Jonathan David Ostry (born July 29, 1962) is an international economist who has served as Deputy Director of the Research Department and Acting Director of the Asia and Pacific Department at the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...
in Washington DC.Research at the IMF: Jonathan D. Ostry
/ref>
Mark Blaug Mark Blaug FBA (; 3 April 1927 – 18 November 2011) was a Dutch-born British economist (naturalised in 1982), who covered a broad range of topics during his long career. He was married to Ruth Towse. Life and work Blaug was born on 3 April ...
and Howard R. Vane (2003). Who's who in Economics: 4th ed. Cheltenham & Edward Elgar Pub.Transcript of Press Briefing on the October 2020 Asia Pacific Regional Economic Outlook
/ref> He is Professor of the Practice at
Georgetown University Georgetown University is a private university, private research university in the Georgetown (Washington, D.C.), Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789 as Georg ...
in Washington D.C.Jonathan Ostry: Georgetown University
/ref> He is also a Research Fellow at the Centre for Economic Policy Research (CEPR) in London, England. His recent work has focused on the management of international capital flows, in particular the role of
capital control Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital account. These measure ...
s; this work has been influential in bringing about a shift in the institutional position of the IMF on capital controls.
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
(February 18, 2010)
The IMF changes its mind on controls on capital inflows.
/ref>
The Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikk ...
(February 22, 2010)
IMF reconsiders capital controls opposition.
/ref>
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
(April 07, 2011)
The Reformation: A disjointed attempt by the IMF to refine its thinking on capital controls.
/ref> Capital Controls. Ostry has also published influential studies on the relationship between
income inequality There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income (the amount of money people are paid) and wealth inequality measured using the distribution of wealth (the amount of we ...
and economic growth, where his work—which has featured prominently in the financial press
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
(October 13, 2012)
Having Your Cake: Less Inequality Does Not Need To Mean Less Efficiency.
/ref>
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
(October 15, 2011)
America’s ‘Primal Scream’.
/ref>
The Washington Post ''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large nati ...
(March 24, 2012)
The False Choice Between Equality and Efficiency.
/ref>—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 Fiscal sustainability, or public finance sustainability, is the ability of a government to sustain its current spending, tax and other policies in the long run without threatening government solvency or defaulting on some of its liabilities or promi ...
issues (especially the role of a country’s track record of fiscal management in enabling it to access the international capital markets).Jonathan D. Ostry (IMF): VoxEU
/ref> Ostry has many distinguished academic publications, and his work has been cited widely in scholarly journals, and in the press, including ''
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
'', the ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
'', ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
'' and ''
The Washington Post ''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large nati ...
''.
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
(October 06, 2012)
Tide Barriers: Capital Controls Would Work Better If There Were Some International Norms.
/ref>
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
(September 02, 2010)
IMF Warns Countries of Debt Risks, Dismisses Idea of Greek Default.
/ref>
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
(May 11, 2018)
The Next New Thing in Finance — Bonds Linked Directly to the Economy.
/ref> Ostry was listed in Who’s Who in Economics in 2003. He was named one of the 100 most powerful people in global finance by
Worth magazine ''Worth'' is an American financial, wealth management and lifestyle magazine founded in 1986 and re-launched by Sandow in 2009. The magazine addresses financial, legal and lifestyle issues for high-net-worth individuals. Each issue is organized ...
in 2016, Worth
The 100 most powerful men and women in global finance for 2016
 and as one of the economists whose research shaped the world in 2017.
Quartz Quartz is a hard, crystalline mineral composed of silica (silicon dioxide). The atoms are linked in a continuous framework of SiO4 silicon-oxygen tetrahedra, with each oxygen being shared between two tetrahedra, giving an overall chemical form ...

13 economists on the research that shaped our world in 2017
/ref>


Early career

Ostry received a B.A. (with Distinction) from Queen’s University (Canada), where he was an Undergraduate Medallist, at the age of 18. He then went on to do another B.A. at
Oxford University Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...
(Balliol College) as a Commonwealth Scholar in Philosophy, Politics and Economics, followed by an M.Sc. at the
London School of Economics , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...
. He earned his Ph.D. in Economics at the
University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the b ...
, where he was a Mackenzie King Fellow, Social Sciences and Humanities Research Council Doctoral Fellow, and Pew Fellow. He has held several senior positions at the IMF, including leading country teams on Japan and several Asian countries, and leading the team that produces the IMF’s flagship
World Economic Outlook The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...
.Jonathan D. Ostry: Huffington Post
/ref> At the IMF, Ostry has led work on global systemic macrofinancial risks, including as a member of the advisory board of the World Economic Forum's Global Risk Report.World Economic Forum Global Risks 2015
/ref>


Research and publication

Ostry’s work covers various aspects of domestic and international macroeconomic policy, including exchange rate regimes, capital controls, fiscal space, and income inequality. He has written several books on international economic matters, most recently
Taming the Tide of Capital Flows
' (MIT Press, 2017) and
Confronting Inequality
' (Columbia University Press, 2018). He has published numerous articles in scholarly journals, such as the ''American Economic Review'', the ''Economic Journal'', the ''Journal of Monetary Economics'', the ''Journal of International Economics'', the ''Journal of Development Economics'', among others. His work has featured extensively in the press, including in ''
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
'',
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
(October 01, 2016)
Capital Mobility: The Good, the Bad, and the Ugly.
/ref>
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
(October 05, 2017)
Emerging markets have become more resilient.
/ref> the ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
'',FT Free Lunch: Resurgent Keynesianism (April 14, 2016)
/ref> ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
'',
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
(December 10, 2011)
The 1 Percent Club’s Misguided Protectors.
/ref>
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
(October 16, 2012)
Income Inequality May Take Toll on Growth.
/ref>
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
(October 03, 2017)
Tax Cuts, Sold as Fuel for Growth, Widen Gap Between Rich and Poor.
/ref> ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'',
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
(September 14, 2012)
Economists: QE3 Shouldn’t Trigger Wall of U.S. Money Into Emerging Markets.
/ref>
The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
,
The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
(May 31, 2016)
You’re witnessing the death of neoliberalism–-from within.
/ref>
The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
(August 18, 2017)
Neoliberalism: the idea that swallowed the world.
/ref>
The Independent ''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was publis ...
,
The Independent ''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was publis ...
(May 27, 2016)
Neoliberalism is increasing inequality and stunting economic growth, IMF says.
/ref> ''
The Washington Post ''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large nati ...
'',
Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and ma ...
,
Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and ma ...
(August 7, 2017
This American Town Was Left to Die, and Suddenly Economists Care
/ref>
Business Week ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...
,
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(Oct 13, 2011)
Growing Income Gap May Leave U.S. More Vulnerable to Crisis.
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,
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(May 28, 2016)
The IMF Has Not Rejected Neoliberalism Nor Austerity: Rather, They've Examined Them.
/ref>
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,
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(June 03, 2016)
Globalization’s True Believers Are Having Second Thoughts.
/ref> Les Échos, Les Échos (June 15, 2018)
Inégalités : pourquoi la dépense sociale ne suffit pas.
/ref>
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,
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(June 03, 2016)
Even the IMF Now Admits Neoliberalism Has Failed.
/ref>
BBC #REDIRECT BBC #REDIRECT BBC Here i going to introduce about the best teacher of my life b BALAJI sir. He is the precious gift that I got befor 2yrs . How has helped and thought all the concept and made my success in the 10th board exam. ...
...
,
BBC #REDIRECT BBC #REDIRECT BBC Here i going to introduce about the best teacher of my life b BALAJI sir. He is the precious gift that I got befor 2yrs . How has helped and thought all the concept and made my success in the 10th board exam. ...
...
(January 10, 2016)
How Much Inequality Is Too Much?
/ref>
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,
CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...
(May 31, 2016)
Neoliberal policies have led to inequality: IMF.
/ref>
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,
National Public Radio National Public Radio (NPR, stylized in all lowercase) is an American privately and state funded nonprofit media organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It differs from other n ...
(March 18, 2010)
Global Reality Challenges IMF's Free Market Gospel
/ref>
National Public Radio National Public Radio (NPR, stylized in all lowercase) is an American privately and state funded nonprofit media organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It differs from other n ...
(January 22, 2016)
How capital controls work and sometimes don't
/ref>
Maclean's ''Maclean's'', founded in 1905, is a Canadian news magazine reporting on Canadian issues such as politics, pop culture, and current events. Its founder, publisher John Bayne Maclean, established the magazine to provide a uniquely Canadian perspe ...
,
Maclean's ''Maclean's'', founded in 1905, is a Canadian news magazine reporting on Canadian issues such as politics, pop culture, and current events. Its founder, publisher John Bayne Maclean, established the magazine to provide a uniquely Canadian perspe ...
(May 05, 2016)
The Canadian upending how the IMF thinks about the economy
/ref>
Maclean's ''Maclean's'', founded in 1905, is a Canadian news magazine reporting on Canadian issues such as politics, pop culture, and current events. Its founder, publisher John Bayne Maclean, established the magazine to provide a uniquely Canadian perspe ...
(Sep 08, 2016)
Christine Lagarde faces the fight of her life
/ref> and HBO's
Last Week Tonight A last is a mechanical form shaped like a human foot. It is used by Shoemaking, shoemakers and cordwainers in the manufacture and repair of shoes. Lasts typically come in pairs and have been made from various materials, including hardwoods, cas ...
show.Last Week Tonight with John Oliver Episode 10: Wealth Gap
/ref> His work has been cited in remarks made by, among others, US
President Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party (United States), Democratic Party, Obama was the first Af ...
,Remarks by the President on the Economy in Osawatomie, Kansas
/ref>Barack Obama: The Way Ahead
/ref> Fed Chairman
Ben Bernanke Ben Shalom Bernanke ( ; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Fed, he was appointed a distinguished fellow at the Brookings Institution. Durin ...
,Mundell-Fleming Lecture, 16th IMF Annual Research Conference
/ref> US
Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical resea ...
Chairman
Jason Furman Jason Furman (born August 18, 1970) is an American economist and professor at Harvard University's John F. Kennedy School of Government and a senior fellow at the Peterson Institute for International Economics. On June 10, 2013, Furman was named b ...
,Global Lessons for Inclusive Growth
/ref> and IMF Managing Director
Christine Lagarde Christine Madeleine Odette Lagarde (; née Lallouette, ; born 1 January 1956) is a French politician and lawyer who has been serving as President of the European Central Bank since 2019. She previously served as the 11th managing director of the ...
.Back to Rio—the Road to a Sustainable Economic Future
/ref> Ostry is involved in efforts to raise awareness of inequality issues at the global level, including through his membership in the
World Economic Forum The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...
's Global Agenda Councils on new growth models and inclusive growth,WEF Global Agenda Council on New Growth Models
/ref>WEF Meta-Council on Inclusive Growth
/ref>To save globalization, its benefits need to be more broadly shared
/ref> and through his writings on the impact of neoliberal policies, which have received widespread media attention.
/ref>
/ref> ttps://www.theguardian.com/business/2016/may/27/austerity-policies-do-more-harm-than-good-imf-study-concludes Austerity policies do more harm than good, IMF study concludes/ref>New Statesman (June 02, 2016) The IMF smashes its own consensus
/ref>Foreign Policy (July 06, 2016) The IMF confronts its N-word
/ref>
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
(October 1, 2016
The World Economy: An Open and Shut Case
/ref>
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(July 07, 2017
Quand le FMI remet en question ses dogmes
/ref> His work on inequality and debt sustainability is being used by credit rating agencies (S&P, Moody's) for their credit rating analysis.
Moody's Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international ...
br>Fiscal Space: A New Gauge of Sovereign Risk
/ref>
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br>Reduce Inequality for a Better Economy
/ref>


Personal information

Ostry was born in Ottawa, Canada. He is the son of
Sylvia Ostry Sylvia Ostry (; June 3, 1927 – May 7, 2020) was a Canadian economist and public servant. Life Born Sylvia Knelman in Winnipeg, Manitoba on June 3, 1927, she received a Bachelor of Arts in economics from McGill University in 1948, a Master ...
and
Bernard Ostry Bernard A. Ostry, (June 10, 1927 – May 24, 2006) was a Canadian author, philanthropist, and civil servant, who is best known for being chair and CEO of TVOntario. Born in Wadena, Saskatchewan, he received a Bachelor of Arts degree from the ...
.
Sylvia Ostry Sylvia Ostry (; June 3, 1927 – May 7, 2020) was a Canadian economist and public servant. Life Born Sylvia Knelman in Winnipeg, Manitoba on June 3, 1927, she received a Bachelor of Arts in economics from McGill University in 1948, a Master ...
.
Bernard Ostry Bernard A. Ostry, (June 10, 1927 – May 24, 2006) was a Canadian author, philanthropist, and civil servant, who is best known for being chair and CEO of TVOntario. Born in Wadena, Saskatchewan, he received a Bachelor of Arts degree from the ...
.


References


External links


Research at the IMF: Jonathan D. Ostry
{{DEFAULTSORT:Ostry, Jonathan D. 1962 births Living people Canadian economists Queen's University at Kingston alumni Alumni of Balliol College, Oxford Alumni of the London School of Economics University of Chicago alumni