Featured Articles

Howard Davies

Financial Regulators’ Global Variety Show

PARIS – In the early phases of the financial crisis, it was fashionable to argue that the United States’ system of regulation needed a funda…
Jaswant Singh

The Road to Asian Unity

NEW DELHI – Asia’s lack of institutions to ameliorate regional tensions is often lamented. But greater Asian unity may be arising by the bac…
Robin Niblett

Transatlantic Trade-Offs

LONDON – Almost two decades after the idea was first mooted, the United States and the European Union agreed last week to begin negotiating …
Haruhiko Kuroda

India’s Growth Crossroads

MANILA – As the slowdown in the world’s major industrial economies drags on, growth in developing Asia is being affected. A serious burden w…

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Most recent

Robert Skidelsky May 21, 2013

Austere Illusions

LONDON – The doctrine of imposing present pain for future benefit has a long history – stretching all the way back to Adam Smith and his pra…
Jeffrey Frankel May 20, 2013

The Flawed Origins of Expansionary Austerity

CAMBRIDGE – Several of my Harvard University colleagues have recently been casualties in the crossfire between fiscal “austerians” and fisca…
Michael Spence May 18, 2013

Learning About Growth from Austerity

MILAN – In a recent set of studies, Carmen Reinhart and Kenneth Rogoff used a vast array of historical data to show that the accumulation of…
Kemal Derviş May 10, 2013

Balancing the Technocrats

ISTANBUL – A simplistic (actually, naive) view of markets is that they exist almost in a “state of nature,” and that the best of all worlds …
Paul De Grauwe May 9, 2013

Debt Without Drowning

LONDON – Since the 1970’s, economists have warned that a monetary union could not be sustained without a fiscal union. But the eurozone’s le…
Daniel Gros May 8, 2013

Europe’s Irrelevant Austerity Debate

BRUSSELS – The most visible symptom of the crisis in the eurozone has been the high and variable risk premiums that its peripheral countries…
John Bruton May 7, 2013

Europe’s National Wild Cards

DUBLIN – Europe’s needs and Europeans’ desires are at odds. At a time when strong, coordinated action is needed to stave off financial colla…
Harold James May 2, 2013

The New Economy of Fealty

PRINCETON – Since the 2008 financial crisis, most industrial economies have avoided anything like the collapse that occurred during the Grea…
Jean Pisani-Ferry May 1, 2013

A Fateful Mistake

PARIS – Controversy is essential to the advancement of science. So the debunking of methodological flaws and a coding error in a paper by th…
Ricardo Hausmann Apr. 30, 2013

Who’s Afraid of the Big Bad Debt?

CAMBRIDGE – It has been a while since a debate among academic economists attracted so much interest from the mainstream press as has the row…

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