Friday, July 25, 2014
  1. India’s Chinese Dream

    Lee Jong-Wha

    India’s Chinese Dream

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     outlines how India can replicate China's economic success.

    Narendra Modi Xi Jinping Li Xueren/ZumaPress

    China and India have both emerged as global economic superpowers in recent years, with China leading the way. But, with Chinese growth slowing amid far-reaching structural change, will the economic-reform efforts of India’s new prime minister, Narendra Modi, enable the country to catch up? READ MORE

  2. Fighting the Fed

    Martin Feldstein

    Fighting the Fed

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     asks whether congressional Republicans are right to seek a monetary-policy rule.

    Janet Yellen Ben Bernanke Fed Chairs Zhang Jun/ZumaPress

    The US Federal Reserve fears that a proposed law requiring it to use a formal rule to guide monetary policy would limit its independence, while the bill’s proponents argue that it would produce more predictable growth with low inflation. Who is right? READ MORE

  3. Europe’s Surplus of Stagnation

    Robert Skidelsky

    Europe’s Surplus of Stagnation

    3

     takes Germany to task over its refusal to address its massive current-account surplus.

    Euros and Dollar mightykenny/Flickr

    Earlier this month, the chief executive of Airbus called for drastic action by the European Central Bank to reduce the value of the euro against the dollar by about 10%, from a “crazy” $1.35 to between $1.20 and $1.25. But the euro's strong exchange rate is the result of inaction by Germany, not inaction by the ECB. READ MORE

  4. Europe’s Options

    Michael J. Boskin

    Europe’s Options

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     sees three possible paths for the European Union, with the most likely also the least helpful.

    EU slow growth Klaus OhlenschläGer/ZumaPress

    The EU has three broad options as it confronts its economic malaise and increasingly frustrated voters. Unfortunately, the most likely option – business as usual, with improvised fixes to mini-crises – is the one least likely to deliver the growth that Europe desperately needs. READ MORE

  5. The Transatlantic Growth Gap

    Daniel Gros

    The Transatlantic Growth Gap

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     attributes America's edge over Europe to its faster bankruptcy procedures.

    Bankruptcy in the US macrahe/Flickr

    The key to the economic-performance gap between the US and the EU in the last three years is the resilience of private consumption by American households. How were US households able to reduce their debt burden during a period of high unemployment and almost no wage gains while sustaining consumption growth? READ MORE

Focal Point

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287 pages
287 pages

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