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Leszek Balcerowicz

Leszek Balcerowicz

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Leszek Balcerowicz, a former governor of the Central Bank of Poland and Deputy Prime Minister and Finance Minister in the first post-communist Polish government, is Professor of Economics at the Warsaw School of Economics.

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  1. roubini164_ Michael M. SantiagoGetty Images_inflation fed policy Michael M. SantiagoGetty Images

    Don’t Bet on a Soft Landing

    Nouriel Roubini

    With “Team Persistent” having clearly prevailed over “Team Transitory” in the debate over the nature of today’s surging inflation, the question now is whether prices can be tamed without also causing a recession. The historical evidence suggests not, leaving central banks to choose between bad and worse options.

    explains why central banks are unlikely to be able to reduce inflation without causing a recession.
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  2. taiwan parade Walid Berrazeg/Anadolu Agency via Getty Images
    Subscriber Exclusive

    Is Taiwan Next?

    Russia’s invasion of Ukraine in February has stoked fears that Chinese President Xi Jinping is plotting his own aggression against Taiwan. The United States and its NATO allies seem to be “all in” on repelling Russia’s invasion, but how far will the US be willing to go to defend Taiwan, and has its longstanding policy of “strategic ambiguity” on that question really run its course?

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