CAMBRIDGE – The opaque nature of China’s government makes it difficult to see where Chinese economic policy is heading, and thus how the Chi…

CAMBRIDGE – Long-term interest rates are now unsustainably low, implying bubbles in the prices of bonds and other securities. When interest …

CAMBRIDGE – The United States’ current fiscal and monetary policies are unsustainable. The US government’s net debt as a share of GDP has do…

CAMBRIDGE – Japan’s new government, led by Prime Minister Shinzo Abe, could be about to shoot itself in the foot. Seeking to boost economic …

NEW DELHI – The Indian economy is coming back. After several years of disappointing performance, the authorities are shifting to policies ai…

CAMBRIDGE – The United States may be headed for a recession in 2013. Even if the country avoids going over the “fiscal cliff,” a poorly desi…

CAMBRIDGE – The prospects for the euro and the eurozone remain uncertain. But recent events at the European Central Bank, in Germany, and in…

CAMBRIDGE – With America’s elections less than six weeks away, it is time to think seriously about what will be done afterwards to deal with…

CAMBRIDGE – Inflation is now low in every industrial country, and the combination of high unemployment and slow GDP growth removes the usual…

CAMBRIDGE – Recent statements by European Central Bank President Mario Draghi and Bank Governor Ewald Nowotny have reopened the debate about…

CAMBRIDGE – The United States Federal Reserve’s recent announcement that it will extend its “Operation Twist” by buying an additional $267 b…

CAMBRIDGE – The crisis in the eurozone is the result of France’s persistent pursuit of the “European project,” the goal of political unifica…

CAMBRIDGE – America’s presidential election is now just six months away. If history is a reliable guide, the outcome will depend significant…

CAMBRIDGE – During the past four years, the United States Federal Reserve has added enormous liquidity to the US commercial banking system, …

CAMBRIDGE – The driving force of Europe’s economic policy is the “European project” of political integration. That goal is reflected in the …

CAMBRIDGE – European political leaders may be about to agree to a fiscal plan which, if implemented, could push Europe into a major depressi…

CAMBRIDGE – The French government just doesn’t seem to understand the real implications of the euro, the single currency that France shares …

CAMBRIDGE – Europe is now struggling with the inevitable adverse consequences of imposing a single currency on a very heterogeneous collecti…

CAMBRIDGE – The United States appears trapped in a dangerous economic stalemate.  The refusal by both Republicans and Democrats to give…

CAMBRIDGE – The Greek government needs to escape from an otherwise impossible situation. It has an unmanageable level of government debt (15…

CAMBRIDGE – China’s government may be about to let the renminbi-dollar exchange rate rise more rapidly in the coming months than it did duri…

CAMBRIDGE – America’s enormous budget deficit is now exceeded as a share of national income only by Greece and Egypt among all of the world’…

CAMBRIDGE – The American economy has recently slowed dramatically, and the probability of another economic downturn increases with each new …

CAMBRIDGE – The Greek government, the European Commission, and the International Monetary Fund are all denying what markets perceive clearly…

CAMBRIDGE – The world’s 20 most important finance ministers and 20 most important central bankers traveled to Washington this month from eve…