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Eswar Prasad

Eswar Prasad

20 commentaries

Eswar Prasad, Professor of Economics in the Dyson School at Cornell University, is a senior fellow at the Brookings Institution and the author of The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance (Harvard University Press, 2021).

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  1. The Global Recovery Winds Down
    prasad20_Richard Baker  In Pictures via Getty Images_UKeconomy Richard Baker/In Pictures via Getty Images

    The Global Recovery Winds Down

    Oct 7, 2022 Eswar Prasad warns that the darkening outlook for the world economy reflects significant challenges ahead.

  2. Storm Clouds Over the Global Economy
    prasad19_ Spencer PlattGetty Images_stock market recovery Spencer Platt/Getty Images

    Storm Clouds Over the Global Economy

    Apr 16, 2022 Eswar Prasad identifies major headwinds that will leave policymakers in most countries with few good options.

  3. Eswar Prasad on the US dollar’s global role, the end of cash, the crypto industry, and more
    GettyImages-1313070537

    Eswar Prasad on the US dollar’s global role, the end of cash, the crypto industry, and more

    Apr 12, 2022 Eswar Prasad assesses challenges to the US dollar’s global preeminence, explains how cryptocurrencies could hurt Russia during the Ukraine war, and highlights emerging blockchain-based financial products.

  4. The Global Economy’s Uneven Recovery
    prasad17_James MatsumotoSOPA ImagesLightRocket via Getty Images_covid economy James Matsumoto/SOPA Images/LightRocket via Getty Images

    The Global Economy’s Uneven Recovery

    Apr 5, 2021 Eswar Prasad warns of a deepening growth divergence across countries and regions emerging from the pandemic.

  5. Don’t Overestimate the COVID-19 Recovery
    prasad16_d3sign_getty images_covid stock market d3sign/Getty Images

    Don’t Overestimate the COVID-19 Recovery

    Oct 15, 2020 Eswar Prasad warns that the risks of substantial and long-lasting economic scarring are on the rise worldwide.

  1. subramanian35_erhui1979Getty Images_speechbubbles erhui1979/Getty Images

    The Age of Verbiage

    Arvind Subramanian blames today’s nonstop inundation of expert opinion for undermining the quality of public discourse.
  2. haldar17_ FABRICE COFFRINIAFP via Getty Images_davos FABRICE COFFRINI/AFP via Getty Images

    Davos Man Has a People Problem

    Antara Haldar suspects that the socially “disembedded” economic logic of globalization has gone as far as it can go.
  3. buiter44_ SAUL LOEBAFP via Getty Images_treasury SAUL LOEB/AFP via Getty Images

    Eliminate the Debt Ceiling

    Willem H. Buiter thinks the US Constitution and common sense argue for a de facto abolition of the cap.
  4. ito23_KAZUHIRO NOGIAFP via Getty Images_japanmilitarysoldiers Kazuhiro Nogi/AFP via Getty Images

    Japan’s Fiscal Dilemma

    Takatoshi Ito explains why the country’s deficit-financed spending spree endangers its national security.
  5. rogoff233_ Arne Dedertpicture alliance via Getty Images_germanystockmarket Arne Dedert/picture alliance via Getty Images

    Too Soon for Global Optimism

    Kenneth Rogoff

    It is hard to reconcile the jubilant mood of many business leaders with the uncertainty caused by the war in Ukraine. While there are some positive signs of economic recovery, a sudden escalation could severely destabilize the global economy, cause a stock market crash, and accelerate deglobalization.

    warns that the Ukraine war and economic fragmentation are still jeopardizing world growth prospects.
  6. pisaniferry141_Sean GallupGetty Images)_macronscholz Sean Gallup/Getty Images

    Why Europe’s Franco-German Engine Is Stalling

    Jean Pisani-Ferry cautions that the two countries' differences are so substantial that a hasty compromise will not suffice.
  7. reichlin28_Sean GallupGetty Images_ecb Sean Gallup/Getty Images

    Central Banks Should Slow Down

    Lucrezia Reichlin fears the consequences of excessive interest-rate hikes in the US, the UK, and especially the eurozone.
  8. goldberg21_OLI SCARFFAFP via Getty Images_remotework Oli Scarff/AFP via Getty Images

    Three Cheers for Hybrid Work

    Pinelopi Koujianou Goldberg thinks the advantages of more flexible labor arrangements outweigh the disadvantages.
  9. jjoffe9_David HeckerGetty Images_germanytanksscholz David Hecker/Getty Images

    The German Lamb Is Learning to Howl

    Josef Joffe

    The nation that went to the gates of Moscow in World War II has become as aggressive as a cuddly cat. But with its decision to send Leopard 2 battle tanks to Ukraine, Germany's "culture of reticence," particularly with respect to Russia, may soon be a thing of the past.

    examines the origins and implications of the landmark decision to send battle tanks to Ukraine.

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