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  1. posner13_SAUL LOEBAFP via Getty Images_obama SAUL LOEB/AFP via Getty Images

    Long Live the Imperial Presidency?

    Eric Posner

    Over time, the office of the US presidency has grown only more powerful, despite perennial hand-wringing by commentators and the party that is out of power. Though there are a number of possible explanations for this trend, the most straightforward is that it is what the public wants.

    offers a historical explanation for why the US executive branch continues to amass ever more power.
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  2. rodrik184_SUSAN WALSHPOOLAFP via Getty Images_jerome SUSAN WALSH/POOL/AFP via Getty Images

    Beware Economists Bearing Policy Paradigms

    Dani Rodrik

    US President Joe Biden's administration has embarked on a bold and long-overdue departure from the economic policy orthodoxy that has prevailed in the US and much of the West since the 1980s. But those who are seeking a new economic paradigm should be careful what they wish for.

    explains why the last thing the world – or the economics profession – needs is a new ossified orthodoxy.
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Crossing the Rubicon of Price Stability

Featured in this Big Picture
  1. Daniel Gros,
  2. Barry Eichengreen,
  3. Isabelle Mateos y Lago,
  4. Megan Greene,
  5. Jean Pisani-Ferry,
  6. Anita Bhatia

With inflation subdued for now, central banks are increasingly responding to public pressure to address inequality and climate change. But by venturing into new policy terrain and exposing themselves to accusations of mission creep, they may be jeopardizing their operational independence.

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The Recovery of Women

Featured in this Big Picture
  1. María Fernanda Espinosa,
  2. Helen Clark,
  3. Pinelopi Koujianou Goldberg,
  4. Parimita Mohanty,
  5. Annette Wallgren,
  6. Palesa Libe

Among its many harmful effects, the COVID-19 pandemic has exacerbated long-standing gender inequalities. If leaders are serious about “building back better” and promoting inclusive economies and societies, they must take concrete steps to empower women at home, at work, and in policymaking.

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Opinion that Moves

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The African Century

Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W…

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Press Released

Today’s media landscape is littered with landmines: open hostility from illiberal and autocratic regimes, mounting censorship in countries such as Hungary, Turkey,…

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The COVID-19 Crisis

As the COVID-19 crisis escalates, PS commentators assess its implications for the economy, propose policy responses, and consider what might – and sho…