Monday, June 29, 2015
  1. What is Full Employment?

    Martin Feldstein

    What is Full Employment?


     explains why the US inflation rate will soon begin to rise more rapidly.

    job interview Bruce R. Bennett/ZumaPress

    In an important sense, the US economy is now at full employment: The relatively tight labor market is causing wages to rise at an accelerating rate, because employers must pay more to attract and retain employees. This has important implications for policymakers – and not just at the Federal Reserve. READ MORE

  2. Is Financial Repression Here to Stay?

    Howard Davies
  3. America, China, and the Productivity Paradox

    Stephen S. Roach

    America, China, and the Productivity Paradox


     asks why growth in output per worker is declining in the world’s two largest economies.

    electronics factory workers ILO in Asia and the Pacific/Flickr

    As American and Chinese leaders meet for their annual Strategic Dialogue, they need not look far to find a shared challenge. Both are now victims of the “productivity paradox”: huge investments in information technology and Internet-enabled goods and services have been accompanied by slower growth in output per worker. READ MORE

  4. Taking the BRICS Seriously

    Shashi Tharoor

    Taking the BRICS Seriously


     considers what is driving the ever-deepening cooperation among the major emerging economies.

    brics leaders Li Xueren/ZumaPress

    What the BRICS countries have in common is their exclusion from the places they believe they deserve in the current world order. This month's first-ever BRICS parliamentary forum was just the latest in an expanding array of institutions and formal structures that the group has launched with the aim of changing that. READ MORE

  5. The Bloom Is off the BRICS

    Michael J. Boskin

    The Bloom Is off the BRICS


     examines why the major emerging economies’ performance has weakened.

    brick wall Laura Gilmore/Flickr

    A few years ago, pundits and policymakers were predicting that the BRICS countries would be the new engines of the global economy. But now, with all five countries facing serious challenges to growth, they will have to double down on pro-market reform if they are to avoid the dreaded middle-income trap. READ MORE

Focal Point

242 pages
242 pages

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