Tuesday, September 30, 2014
  1. The Third Way's Second Chance

    Andrés Velasco
  2. The Fed Trap

    Stephen S. Roach

    The Fed Trap


     cautions that the Fed's market fixation is leading it to exit from quantitative easing too slowly.

    Janet Yellen IMF/Flickr

    The US Federal Reserve is grappling with the disparity between its unconventional policy's success in preventing economic disaster and its failure to foster a robust recovery. Given that this disconnect has fueled financial-market excesses, the exit will be all the more problematic – especially for the market-fixated Fed. READ MORE

  3. Europe’s Austerity Zombies

    Joseph E. Stiglitz
  4. Xi Jinping’s Pure Party

    George Magnus

    Xi Jinping’s Pure Party


     argues that rooting out corruption is not enough to ensure China's long-term economic growth.

    Xi Jinping IMF/Flickr

    While the Chinese authorities' efforts to root out corruption within the Communist Party are a welcome development, the Party itself is part of the problem. The true test of change will be whether the Party is prepared to subordinate itself to new, inclusive institutional arrangements that are conducive to comprehensive economic reform. READ MORE

  5. Germany’s Economic Mirage

    Philippe Legrain

    Germany’s Economic Mirage


     pokes large holes in the myth of German success.

    Germany Bundestag Blogomentary/Flickr

    For 60 years, successive German governments sought a more European Germany; but now, Chancellor Angela Merkel’s administration wants to reshape Europe's economies in Germany’s image. This would be a disaster: Far from being Europe’s most successful economy – as German officials boast – Germany’s economy is dysfunctional. READ MORE

Focal Point

293 pages
293 pages

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