Friday, March 27, 2015
  1. Europe’s Easy-Money Endgame

    Hans-Werner Sinn

    Europe’s Easy-Money Endgame


     shows why quantitative easing by the ECB, rather than saving the euro, may cause its messy demise.

    Euro monopoly houses

    Rescue packages have relieved the eurozone’s financial distress, but at a high cost. Not only have they enabled investors to avoid paying for their poor decisions; they have also allowed overpriced southern European countries to defer real depreciation, which is necessary to restore competitiveness. READ MORE

  2. Sustaining the Unsustainable Eurozone

    Yannos Papantoniou
  3. Messed-Up Macro

    Robert Skidelsky

    Messed-Up Macro


     on why the right economic policies cannot work without the right public expectations.

    Glasses page of number equations economic Ruth/Flickr

    Once beliefs and expectations are introduced into economics, as is surely reasonable, the results of fiscal and monetary policy become indeterminate. Too much depends on what people think the results of the policy will be. READ MORE

  4. Will Fed Tightening Choke Emerging Markets?

    Jeffrey Frankel

    Will Fed Tightening Choke Emerging Markets?


     shows which countries are most vulnerable to capital-flow reversal when US interest rates rise.

    Dollar currency bundle Xinhua/ZumaPress

    As the Federal Reserve moves closer to initiating one of the most long-awaited and widely predicted periods of rising short-term interest rates in the US, many are asking how emerging markets will be affected. The answer depends on whether countries have adhered to the lessons of the 1980s and 1990s. READ MORE

  5. China’s Trial-and-Error Economy

    Andrew Sheng, ET AL

Focal Point

309 pages
309 pages

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