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  1. op_dervis1_Mikhail SvetlovGetty Images_PutinXiJinpingshakehands Mikhail Svetlov/Getty Images

    Cronies Everywhere

    Kemal Derviş

    Three recent books on political economy show that there are as many differences between crony-capitalist systems as there are similarities. And while deep-seated corruption is usually associated with autocracies like modern-day Russia, democracies have no reason to assume that they are immune.

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    What Should Central Banks Do?

    Featured in this Big Picture
    1. Willem H. Buiter Willem H. Buiter ,
    2. J. Bradford DeLong J. Bradford DeLong ,
    3. Marcel Fratzscher Marcel Fratzscher ,
    4. Larry Hatheway Larry Hatheway ,
    5. Otmar Issing Otmar Issing

    Despite unprecedented monetary easing by central banks since the 2008 financial crisis, inflation in most advanced economies remains stubbornly low. Should central bankers concentrate on bolstering the credibility of their targets for price stability, or has the time come to focus on tackling other problems instead?

    0
  3. PS25
    drew35_Win McNameeGetty Images_trump Win McNamee/Getty Images

    Apocalypse Trump

    Dec 24, 2018 Elizabeth Drew

    To commemorate its founding 25 years ago, PS is republishing a selection of commentaries written since 1994.

    In the following commentary, Elizabeth Drew thought the US president’s behavior had triggered a sense that America was spinning out of control.

    14
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op_dervis1_Mikhail SvetlovGetty Images_PutinXiJinpingshakehands Mikhail Svetlov/Getty Images

Cronies Everywhere

Kemal Derviş

Three recent books on political economy show that there are as many differences between crony-capitalist systems as there are similarities. And while deep-seated corruption is usually associated with autocracies like modern-day Russia, democracies have no reason to assume that they are immune.

0
bp_P Wei Getty Images_pillars P Wei/Getty Images

What Should Central Banks Do?

Featured in this Big Picture
  1. Willem H. Buiter Willem H. Buiter ,
  2. J. Bradford DeLong J. Bradford DeLong ,
  3. Marcel Fratzscher Marcel Fratzscher ,
  4. Larry Hatheway Larry Hatheway ,
  5. Otmar Issing Otmar Issing

Despite unprecedented monetary easing by central banks since the 2008 financial crisis, inflation in most advanced economies remains stubbornly low. Should central bankers concentrate on bolstering the credibility of their targets for price stability, or has the time come to focus on tackling other problems instead?

0
europe_defense_bp_GettyImages1186404142 Steve Parsons - WPA Pool/Getty Images

Europe for Europe’s Sake

Featured in this Big Picture
  1. Carl Bildt,
  2. Joschka Fischer,
  3. Noëlle Lenoir,
  4. Dominique Moisi

Following Turkey’s spurning of its Western allies in Syria and an abortive NATO summit this month, the transatlantic alliance seems to have hit a new political low. Is French President Emmanuel Macron’s recent lament about NATO’s “brain death” becoming a self-fulfilling prophecy?

1
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The Sino-American Attrition

Featured in this Big Picture
  1. Barry Eichengreen,
  2. Anne O. Krueger,
  3. Stephen S. Roach,
  4. Dani Rodrik,
  5. Nouriel Roubini,
  6. Arvind Subramanian

Both US President Donald Trump and Chinese President Xi Jinping would benefit from a face-saving deal to end the ongoing trade war. But even if Trump and Xi manage to ease tensions in the short term, the future of the two countries’ economic relationship remains in doubt.

0
25 years of the World's Opinion Page
PS25
drew35_Win McNameeGetty Images_trump Win McNamee/Getty Images

Apocalypse Trump

Dec 24, 2018 Elizabeth Drew

To commemorate its founding 25 years ago, PS is republishing a selection of commentaries written since 1994.

In the following commentary, Elizabeth Drew thought the US president’s behavior had triggered a sense that America was spinning out of control.

14

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