Wednesday, April 1, 2015
  1. Signs of Life in the Eurozone

    Nouriel Roubini
  2. Unnecessary Instability

    Jean Pisani-Ferry

    Unnecessary Instability

    0

     takes aim at an imprecise and vague indicator that has shortened the time horizon of fiscal policy.

    Unstable balance boy skateboard Ricky Romero/Flickr

    The risks posed by larger public deficits have focused attention on “potential output growth,” a concept originally created by economists for economists. The concept's imprecision and volatility have weakened the EU’s fiscal pact, and Europe's leaders need to reconsider their approach. READ MORE

  3. The Growth Conundrum

    Laura Tyson, ET AL

    The Growth Conundrum

    & 1

    &  believe that higher productivity and resource efficiency can support growth for the next 50 years.

    Sustainable growth model city Amir Jina/Flickr

    While rapid economic growth, such as that realized over the past 50 years, is critical to support development, we now also know that it can have serious adverse consequences, particularly for the environment. How can we balance the imperatives of growth and development with the need to ensure sustainability? READ MORE

  4. China’s New Normal and America’s Old Habits

    Stephen S. Roach

    China’s New Normal and America’s Old Habits

    2

     pinpoints two sources of the confusion now prevailing among observers of Chinese affairs.

    Chinese premier Li Keqiang development forum Chinese Premier Li Keqiang/Pang Xinglei/ZumaPress

    China is generating a lot of confusion nowadays, both at home, where officials now tout the economy’s “new normal” but are unclear about what it is, and abroad, where the US is embracing “containment” of China’s rise. On both counts, the disconnects are striking, adding a new dimension of risk to a fragile world. READ MORE

  5. The Monetarist Mistake

    J. Bradford DeLong

    The Monetarist Mistake

    20

     explains how the power of a misguided idea led to a tepid response to the Great Recession.

    Wrong way go back sign Johnny Jet/Flickr

    The inadequate response to the Great Recession reflects policymakers' acceptance of Milton Friedman's analysis of the Great Depression. And yet the dominance of Friedman's monetarism has less to do with the evidence supporting it than with the fact that economics is all too often tainted by politics. READ MORE

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