The Return of Fiscal Policy

2019 Sep 23

With interest rates at record lows and global growth set to continue decelerating, there has rarely been a better time for governments to invest in infrastructure and other sources of...


The Benefits of a Progressive Consumption Tax

2019 Sep 18

Many economists already favor a consumption-based tax system for raising revenue on grounds of efficiency and simplicity.


Amid Global Economic Uncertainty, What Do You Anticipate Will Be the Trend in Oil Prices in the Coming Year?

2019 Sep 15

A regular survey of experts on matters relating to Middle Eastern and North African politics and security.


Two Systems, One World

2019 Sep 05

Like the twentieth-century Cold War between the United States and the Soviet Union, the new rivalry between China and the West is a contest between fundamentally incompatible political systems.


Whither Central Banking?

2019 Sep 02

In an environment of secular stagnation in the developed economies, central bankers ingenuity in loosening monetary policy is exactly what is not needed. What is needed are admissions of impotence, in order to spur efforts by governments to promote demand


Is Stakeholder Capitalism Really Back?

2019 Sep 01

We will have to wait and see whether the US Business Roundtables recent statement renouncing corporate governance based on shareholder primacy is merely a publicity stunt.


The Anatomy of the Coming Recession

2019 Aug 25

Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks


IMF Executive Board Concludes 2019 Article IV Consultation with Iraq

2019 Aug 21

An improved security situation and the recovery in oil prices have improved near-term vulnerabilities


How Blockchain Can Win the War Against Plastic Waste

2019 Aug 15

Start-ups are making incremental use of blockchain to reduce plastic waste, but the technology’s power to drive real change is yet to be realised.


What About Rochester?

2019 Aug 06

There is much to be celebrated in the rise of modern megacities, especially in developing countries.


The Inequality of Nations

2019 Aug 03

Markets are mechanisms of social choice, in which dollars effectively equal votes. those with more purchasing power thus have more influence over market outcomes


Lagarde’s ECB Checklist

2019 Jul 30

After years in which the European Council acted as if there were no qualified women to lead the European Central Bank, it has finally abandoned that ludicrous excuse and appointed Christine Lagarde to the position.


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