Sunday, April 19, 2015
  1. The Problem With Secular Stagnation

    Arvind Subramanian

    The Problem With Secular Stagnation


     argues that, from a global perspective, growth has driven savings, not the other way around.

    Ben Bernanke Larry Summers Wikimedia Commons

    In a recent exchange between Ben Bernanke and Larry Summers on the plausibility of secular stagnation, both agreed on the need for a global perspective. But from that perspective, the hypothesis of secular stagnation prior to the 2008 financial crisis is at odds with a central fact: global growth averaged more than 4%. READ MORE

  2. The Debt Dilemma

    Adair Turner, ET AL

    The Debt Dilemma

    & 8

    &  propose ways to cut household and government liabilities, thereby ensuring sustainable growth.

    Newsart for The Debt Dilemma JuanG89/Flickr

    The victory of the anti-austerity Syriza party in Greece’s February election has placed debt back at the center of debates about economic growth and stability. But Greece is hardly the only country that is struggling to repay its existing debt, much less dampen borrowing – and the risks are mounting. READ MORE

  3. Can Trade Agreements Stop Currency Manipulation?

    Kemal Derviş

    Can Trade Agreements Stop Currency Manipulation?


     thinks that national policies affecting the exchange rate are best left to the IMF and the G-20.

    dollars in peoples hands Laura/Flickr

    It is impossible to deny that trade and exchange rates are closely linked. But trade negotiations are not the right forum for discussing the causes and consequences of current-account imbalances and reaching agreements on macroeconomic-policy coordination; that is what the IMF and the G-20 are for. READ MORE

  4. Europe’s Poisoned Chalice of Growth

    Barry Eichengreen
  5. Why Europe Needs to Save Greece

    Anders Borg

    Why Europe Needs to Save Greece


     urges the EU to prevent a Greek exit from the euro, despite the country's failings.

    athens greece petros asimomytis/Flickr

    The Greeks, it can be argued, have not earned the right to be saved, but Greece's exit from the euro is not the best option for the country or for the European Union. Whether or not the Greeks are deserving of assistance, it is in Europe's interest to help them. READ MORE

Focal Point

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311 pages

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