Saturday, October 10, 2015
  1. China’s Monetary-Policy Choice

    Zhang Jun

    China’s Monetary-Policy Choice


     blames excessively high real interest rates for the economy's current travails.

    Chinese children on sidewalk in Beijing

    China’s economy has followed a remarkable course in recent years: from record-breaking powerhouse to major global risk. How did China get here, and can it put its economic growth back on track? READ MORE

  2. The Hidden Debt Burden of Emerging Markets

    Carmen Reinhart

    The Hidden Debt Burden of Emerging Markets


     worries that the capital-flow reversal now hitting these countries may be larger than we think.

    Renminbi. Chinese currency.

    As central bankers and finance ministers gather for the IMF’s annual meetings in Lima, the emerging world is rife with symptoms of increasing economic vulnerability. Some of those symptoms, like slowing growth, are obvious and quantifiable; others, however, are dangerous partly because they are difficult to discern. READ MORE

  3. The Mirage of Structural Reform

    Dani Rodrik

    The Mirage of Structural Reform


     urges Greece to target binding constraints on growth, particularly in its tradables sector.

    Scaffolding on building.

    Every economic program imposed on Greece since the financial crisis struck in 2009 has assumed that structural reforms, boldly conceived and implemented, would bring about rapid economic recovery. But any serious assessment of the results produced by structural reforms around the world would have poured cold water on such expectations. READ MORE

  4. Germany is Not Volkswagen

    Dalia Marin

    Germany is Not Volkswagen


     argues that Volkswagen is not representative of Germany's successful corporate culture.

    German football paraphernalia.

    The Volkswagen scandal has raised questions about the German model of production. If Germany is to maintain its economic dominance, it will have to ensure that the culture of integrity underlying its success remains unchanged by the pressures of global competition. READ MORE

  5. The French Exception?

    Kenneth Rogoff

    The French Exception?


     thinks that structural reforms could turn France into a model of inclusive capitalism.

    Keychain ornament of the Eiffel Tower

    A healthy French economy would do wonders to help lift the eurozone out of its malaise and could provide an example to countries everywhere of how inclusive capitalism can work. But that assumes that the government will embrace the structural reforms that France’s economy so desperately needs. READ MORE


320 pages
320 pages

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