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Is Low Inflation Really a Threat?

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  1. Mohamed A. El-ErianMohamed A. El-Erian ,
  2. Daniel GrosDaniel Gros ,
  3. Anatole KaletskyAnatole Kaletsky ,
  4. Carmen M. ReinhartCarmen M. Reinhart ,
  5. Robert J. ShillerRobert J. Shiller

More than a decade after the 2008 financial crisis, the major central banks have proved powerless in their quest to spur moderate inflation, even under loose monetary conditions. But whether persistently low inflation is the “new normal” remains to be seen.

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    The Battle for Brussels

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    1. Kemal Derviş,
    2. Mary Fitzgerald,
    3. Daniel Gros,
    4. Zaki Laïdi,
    5. Mark Leonard,
    6. Yves Leterme,
    7. Emmanuel Macron,
    8. Silvia Merler,
    9. Simone Tagliapietra,
    10. Alessio Terzi,
    11. Sam van der Staak

    This month’s European Parliament election is widely viewed as a turning point that will decide the European Union’s fate. But even if Europe is spared large gains by disruptive populist forces, it won’t be out of the woods.

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    What Do Workers Need?

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    1. Daron Acemoglu,
    2. Dalia Marin,
    3. Lenny Mendonca,
    4. Jim O'Neill,
    5. Dani Rodrik,
    6. Charles Sabel,
    7. Laura Tyson

    Even before the 2008 financial crisis and the subsequent tepid recovery in most countries, working hard no longer guaranteed a middle-class life in the developed economies. A decade later, with many countries’ political stability at stake, restoring the conditions for broadly shared prosperity has become an urgent priority.

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    What Should Tech Reform Look Like?

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    1. Alissa Amico,
    2. Elmira Bayrasli,
    3. Michael J. Boskin,
    4. Gaspard Koenig,
    5. Roger McNamee,
    6. Kenneth Rogoff,
    7. Yanis Varoufakis,
    8. Guy Verhofstadt

    Citizens and policymakers alike have finally lost patience with digital giants’ use and abuse of personal data, anti-competitive behavior, and lack of accountability, and now a raft of proposals seeks to bring the industry to heel. But with so much at stake, devising the right regulatory strategy will be an uphill battle.

  4. nato_bp_Arne_Immanuel_Bansch_picture_alliance_via_Getty_Images Arne Immanuel Bänsch/picture alliance via Getty Images

    NATO at 70

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    1. Galip Dalay,
    2. Sigmar Gabriel,
    3. Bogdan Klich,
    4. Volker Perthes,
    5. Anders Fogh Rasmussen

    After seven decades, NATO is facing challenges that are both familiar and new: a revanchist Russia that seems determined to undo the post-Cold War settlement in Europe, and a US president who holds the Alliance in contempt. Does a NATO with an uncertain American foundation have a real future?

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    What Next for the Chinese Model?

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    1. Barry Eichengreen,
    2. Josh Felman,
    3. Xiao Geng,
    4. Zhang Jun,
    5. Stephen S. Roach,
    6. Dani Rodrik,
    7. Andrew Sheng,
    8. Michael Spence,
    9. Arvind Subramanian

    China’s rapid growth under a state-led development model has long made a mockery of Western assumptions about the ingredients of economic success. But whether the China model will stand the test of time remains an open question.

  6. xi jinping Lintao Zhang/Getty Images

    Xi Takes Rome

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    1. Lucrezia Poggetti,
    2. Paola Subacchi

    With Chinese President Xi Jinping visiting Italy to secure its participation in his signature “Belt and Road Initiative,” Paola Subacchi and Lucrezia Poggetti both warn that the Italian government is about to give away much for the sake of very little.

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