Monday, May 4, 2015
  1. The Dollar Joins the Currency Wars

    Nouriel Roubini
  2. An Even More Dismal Science

    J. Bradford DeLong

    An Even More Dismal Science


     says that a quarter-century of debate about the business cycle has left little room for optimism.

    looking lost Neil Moralee/Flickr

    For the past 25 years, a debate has raged among some of the world’s leading economists over whether the nature of the business cycle underwent a fundamental change after the end of the “30 glorious years” that followed World War II. A degree of consensus has emerged: the glory days are gone for good. READ MORE

  3. Reengineering Government

    Jean Pisani-Ferry

    Reengineering Government


     says that states have an alternative to cutting the quality of public goods and services.

    Engineer India rickshaw mechanic fix Brandon/Flickr

    The risk governments face nowadays is clear enough: absent a profound reengineering, inertial spending – owing to entitlements and civil-service wages – is bound to crowd out spending on new priorities and new policies. Fortunately, there are a few things governments can do to mitigate the effects. READ MORE

  4. Economic Policy Turned Inside Out

    Stephen S. Roach

    Economic Policy Turned Inside Out


     opposes the advanced countries' post-crisis policy prescription.

    Japan train subway inside rush hour Amir Jina/Flickr

    Since the global economic crisis, policymakers in the US and elsewhere have resorted to financial engineering in an effort to recapture growth. In doing so, they have embarked on the greatest experiment in the modern history of economic policy – one that risks, once again, pushing the world economy to its limits. READ MORE

  5. China’s Slowing New Normal

    Michael Spence

    China’s Slowing New Normal


     identifies the key measures needed to ensure the future growth of the world’s second-largest economy.

    China shopping mall Whitehotpix/ZumaPress

    While some observers agree that China can sustain 6-7% growth for the next decade or so, provided that the government implements a comprehensive set of reforms in a timely manner, others expect its growth to continue to trend downward. Who is right will depend on China’s success in boosting household income and consumption. READ MORE

Focal Point

312 pages
312 pages

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