Joseph E. Stiglitz
Monetary Mystification
NEW YORK – Central banks on both sides of the Atlantic took extraordinary monetary-policy measures in September: the long awaited “QE3” (the…
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As uncertainty weighs down the global economy, policymakers are promising that controversial policies – such as strict austerity and aggressive monetary measures – will stabilize markets and stimulate growth. Are they right, or is the global economy on the verge of another downward lurch?
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Robert J. Shiller
The Narrative Structure of Global Weakening
NEW HAVEN – Recent indications of a weakening global economy have led many people to wonder how pervasive poor economic performance will be …
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Michael Spence
Hard Truths About Global Growth
NEW YORK – The world’s high-income countries are in economic trouble, mostly related to growth and employment, and now their distress is spi…
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Nouriel Roubini
Fiddling at the Fire
PARIS – Financial markets have rallied since July on the hope that the global economic and geopolitical outlook will not worsen, or, if it d…
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Daniel Gros
This Recovery is Different
BRUSSELS – The misguided belief that “this time is different” led policymakers to permit the credit boom of the early 2000’s to continue for…
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Martin Feldstein
Is Inflation Returning?
CAMBRIDGE – Inflation is now low in every industrial country, and the combination of high unemployment and slow GDP growth removes the usual…
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Jeffrey Frankel
A Flock of Black Swans
CAMBRIDGE – Throughout history, major political and economic shocks have often occurred in August, when leaders have gone on vacation believ…
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Dani Rodrik
No More Growth Miracles
CAMBRIDGE – A year ago, economic analysts were giddy with optimism about the prospects for economic growth in the developing world. In contr…
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Kenneth Rogoff
How Long for Low Rates?
CAMBRIDGE – How long can today’s record-low, major-currency interest rates persist? Ten-year interest rates in the United States, the United…
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J. Bradford DeLong
Hopeless Unemployment
BERKELEY – However bad you think the global economy is today in terms of the business cycle, that is only one lens through which to view the…
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