Wednesday, December 17, 2014
  1. The Oil Price Opportunity

    Kemal Derviş

    The Oil Price Opportunity

    0

     proposes that governments take advantage of falling oil prices to introduce an explicit carbon tax.

    Gas station pump Wang Xiao/ZumaPress

    Though lower oil prices may boost overall global growth, with the oil-importing advanced economies gaining the most, the impact on efforts to combat climate change could be devastating. But this decline in oil prices could also provide a rare political opportunity to introduce an explicit carbon price. READ MORE

  2. Why Are Commodity Prices Falling?

    Jeffrey Frankel

    Why Are Commodity Prices Falling?

    6

     says that slower global growth and the threat of deflation are not driving the decline.

    Newsart for Why Are Commodity Prices Falling?

    Most dollar commodity prices have fallen since the first half of the year. Though a host of sector-specific factors affect the price of each commodity, the fact that the downswing is so broad – as is often the case with big price swings – suggests that macroeconomic factors are at work. READ MORE

  3. Good and Bad Inequality

    Dani Rodrik

    Good and Bad Inequality

    13

     notes that the equality-efficiency tradeoff is entirely wrong – except when it's not.

    world inequality MD. Hasibul Haque Sakib/Flickr

    Economics is a science that can claim to have uncovered few, if any, universal truths. Like almost everything else in social life, the relationship between equality and economic performance is likely to be contingent rather than fixed, depending on the deeper causes of inequality and many mediating factors. READ MORE

  4. Inequality and the American Child

    Joseph E. Stiglitz

    Inequality and the American Child

    16

     explains why the US now has the least equality of opportunity among developed countries.

    US poor children Ed Yourdon/Flickr

    Though an average American childhood may not be the worst in the world, the disparity between the country's wealth and the condition of its children is unparalleled. And, without compensatory measures, unequal opportunities translate into unequal lifelong outcomes by the time children reach the age of five. READ MORE

  5. A Year of Divergence

    Mohamed A. El-Erian

    A Year of Divergence

    10

     defines the risks of widening global discrepancies in economic growth and policies.

    Roads Diverge emdot/Flickr

    In the coming year, the global economy will be characterized by widening discrepancies in economic growth and policies. As these divergences become increasingly difficult to reconcile, policymakers will either have to overcome the obstacles that have so far impeded effective action or allow their economies to become destabilized. READ MORE

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