Wednesday, February 10, 2016
  1. Business & Finance

    The Trade Numbers Game

    Dani Rodrik
    Business & Finance

    The Trade Numbers Game


     bemoans the weak economic models used by both sides in the Trans-Pacific Partnership debate.


    The Trans-Pacific Partnership – a mega trade deal covering 12 countries that together account for more than one-third of global GDP and a quarter of world exports – is the latest battleground in the decades-long confrontation between proponents and opponents of trade agreements. Unfortunately, neither side is offering good evidence. READ MORE

  2. Sustainability & Environment

    Is Oil Becoming Stranded?

    Paul Spedding
    Sustainability & Environment

    Is Oil Becoming Stranded?


     rebuts the argument that fossil-fuel reserves will never be too uneconomical to develop.

    Empty gas station at night

    The sudden plunge in the price of oil is reminiscent of how long-term policies intended to address climate change led to the collapse in the price of coal. Investors expecting a cyclical price recovery for oil may instead find that environmental regulations make their assets uneconomical to develop. READ MORE

  3. Economics

    China’s Exchange-Rate Trap

    Barry Eichengreen

    China’s Exchange-Rate Trap


     concludes that the best of the authorities' bad options is to reimpose capital controls.

    Renminbi bank notes

    For months now, China’s exchange-rate policy has roiled global financial markets, because officials have done a poor job communicating their intentions. But criticizing Chinese policymakers is easier than offering constructive advice: In fact the authorities no longer have any good options. READ MORE

  4. Economics

    The Negative Rates Club

    Daniel Gros

    The Negative Rates Club


     explains why expansionary monetary policy has only a limited impact in Japan and the eurozone.

    Euro coins

    After years of quantitative easing and negative interest rates, it is becoming clear that these policies work as expected only in debtor economies, but have little effect in creditor economies. The reason is simple: creditors lose when rates go negative, and debtors gain. READ MORE

  5. Economics

    What’s Holding Back the World Economy?

    Joseph E. Stiglitz, ET AL

    What’s Holding Back the World Economy?

    &  say that developed countries' policies have created a growth-killing array of perverse incentives.


    The dominant policies pursued by developed countries during the post-crisis period – fiscal retrenchment and quantitative easing – have offered little support for household consumption, investment, and growth. On the contrary, they have tended to make matters worse. READ MORE


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