CAMBRIDGE – The term “currency wars” is a catchy way of saying “competitive devaluation.” In the wake of the sharp fall in the value of the …

CAMBRIDGE – Several of my Harvard University colleagues have recently been casualties in the crossfire between fiscal “austerians” and fisca…

CAMBRIDGE – Against all expectations, US emissions of carbon dioxide into the atmosphere, since peaking in 2007, have fallen by 12% as of 20…

CAMBRIDGE – This year marks the 100th anniversaries of two distinct institutional innovations in American economic policy: the introduction …

TOKYO – Some prominent institutional bond investors are shifting their focus from traditional benchmark indices, which weight countries’ deb…

CAMBRIDGE – At the start of 2013, the eurozone’s “fiscal compact” entered into force, owing to its ratification on December 21 by a 12th cou…

ZANZIBAR – It is time for the world’s major central banks to reconsider how they conduct monetary policy. The US Federal Reserve and the Eur…

HAVANA – For a United States citizen, the short trip to Havana requires navigating an obstacle course, owing to the trade and travel embargo…

CAMBRIDGE – The United States is famous for its ability to innovate. Aspiring fiscal conservatives around the world thus might be interested…

CAMBRIDGE – The political fallout from Mitt Romney’s characterization of 47% of the American electorate as “victims” who are “dependent on g…

CAMBRIDGE – Throughout history, major political and economic shocks have often occurred in August, when leaders have gone on vacation believ…

CAMBRIDGE – The world’s advanced economies remain divided over whether to strengthen budget balances in the short term or to use fiscal poli…

OSLO – Any solution to the eurozone crisis must meet a short-run objective and a long-run goal. Unfortunately, the two tend to conflict.The …

CAMBRIDGE – It is with regret that we announce the death of inflation targeting. The monetary-policy regime, known as IT to friends, evident…

CAMBRIDGE – Why do many countries find it hard to control their budgets? Concern about budget deficits has become a burning political issue …

BAHRAIN – China watchers are waiting to see whether the country has engineered a soft landing, cooling down an overheating economy and achie…

CAMBRIDGE – With November’s election in the United States fast approaching, the Republican candidates seeking to challenge President Ba…

BERN – Emerging markets have performed amazingly well over the last seven years. In many cases, they have far outperformed the advanced indu…

CAMBRIDGE – Libyans have a new lease on life, a feeling that, at long last, they are the masters of their own fate. Perhaps Iraqis, after a …

CAMBRIDGE – Greece and Italy, desperate after their gridlocked political systems left them mired in debt and crisis, have both chosen techno…

CAMBRIDGE – The prices of hydrocarbons, minerals, and agricultural commodities have been on a veritable roller coaster. While commodity pric…