Wednesday, March 4, 2015
  1. Publicly Funded Inequality

    Kemal Derviş

    Publicly Funded Inequality


     explains how government-financed innovation is fueling a concentration of private wealth.

    American flag hundred dollar bill Marsmett talahassee/Flickr

    In the hands of a capable entrepreneur, a technological breakthrough can be worth billions, owing to regulatory protections and the winner-take-all nature of the global economy. What is often overlooked is the role that public money plays in creating this modern concentration of private wealth. READ MORE

  2. India’s Fiscal Fortune

    Gita Gopinath

    India’s Fiscal Fortune


     explains how revised GDP data has allowed Narendra Modi's government to shun radical measures.

    Narendra Modi Address budget session Partha Sarkar/ZumaPress

    Indian Prime Minister Narendra Modi's government must be feeling lucky. The decline in world commodity prices, led by crude oil, has made managing the national budget easier – and now, after the Central Statistics Office revised its methodology for calculating GDP data, that task has become easier still. READ MORE

  3. Austerity Is Not Greece’s Problem

    Ricardo Hausmann
  4. The Costs of Grexit

    Jean Pisani-Ferry

    The Costs of Grexit


     warns that Greece's withdrawal from the euro would not go as smoothly as many now seem to assume.

    Greek exit sign MPD01605/Flickr

    From Greece's perspective, leaving the euro would be highly disruptive, which explains why there is very little support for it in the country. But there is very little agreement outside Greece about how a Grexit would affect the rest of the eurozone. READ MORE

  5. The Negative Way to Growth?

    Nouriel Roubini

    The Negative Way to Growth?


     asks why so many investors are willing to lose so much money.

    Down arrows coba/Flickr

    Monetary policy has become increasingly unconventional in the last six years, with central banks implementing zero-interest-rate policies, quantitative easing, credit easing, forward guidance, and unlimited exchange-rate intervention. But now we have come to the most unconventional policy tool of them all: negative nominal interest rates. READ MORE

Focal Point

308 pages
308 pages

Commentaries available in 12 Languages