HONG KONG – Too often, debate about the relationship between the state and the market casts them as opposing forces locked in a zero-sum str…
STANFORD – The recent controversy over errors in a 2010 paper by the economists Carmen Reinhart and Kenneth Rogoff is a sad commentary on th…
LONDON – The doctrine of imposing present pain for future benefit has a long history – stretching all the way back to Adam Smith and his pra…
CAMBRIDGE – Several of my Harvard University colleagues have recently been casualties in the crossfire between fiscal “austerians” and fisca…
MILAN – In a recent set of studies, Carmen Reinhart and Kenneth Rogoff used a vast array of historical data to show that the accumulation of…
CANBERRA – The brouhaha over Carmen Reinhart’s and Kenneth Rogoff’s article “Growth in a Time of Debt” may be the most conspicuous and incen…
CAMBRIDGE – When the stakes are high, it is no surprise that battling political opponents use whatever support they can garner from economis…
ROME – In early 2012, outgoing World Bank President Robert Zoellick announced that the Millennium Development Goal of halving the global pov…
BRUSSELS – The most visible symptom of the crisis in the eurozone has been the high and variable risk premiums that its peripheral countries…
SEATTLE – Even in good financial times, development aid budgets are hardly overflowing. Government leaders and donors must make hard decisio…