Neglect the insights of women, particularly in economics, and society suffers. At PS’s next virtual event, What Economics Is Missing, Minouche Shafik, Dani Rodrik, Vera Songwe, and others will debate how to create the conditions for achieving genuine inclusivity in economics.
explains what caused the Ukraine war, urges the West to scrutinize its economic dependence on China, proposes ways to reverse the dangerous deterioration of democracy in America, and more.
If the US Federal Reserve raises its policy interest rate by as much as is necessary to rein in inflation, it will most likely further depress the market value of the long-duration securities parked on many banks' balance sheets. So be it.
thinks central banks can achieve both, despite the occurrence of a liquidity crisis amid high inflation.
The half-century since the official demise of the Bretton Woods system of fixed exchange rates has shown the benefits of what replaced it. While some may feel nostalgic for the postwar monetary system, its collapse was inevitable, and what looked like failure has given rise to a remarkably resilient regime.
explains why the shift toward exchange-rate flexibility after 1973 was not a policy failure, as many believed.
新德里—在电影《土拨鼠日》（Groundhog Day）中，比尔·穆雷（Bill Murray）扮演的电视天气预报员每天都会在早晨6点起来，过同一个日子。自五年前全球经济危机爆发以来，经济预测界也是如此。但决策者仍然自信地认为在危机前大行其道的经济增长模式仍是他们的最佳指南，至少在近期是如此。
以国际货币进组织（IMF）《世界经济展望》（World Economic Outlook）的年中更新为例。自2011年以来，该报告一直在讲同一个故事：“哦！世界经济没有像我们预期的那样表现。”接着，报告将矛头指向了未预料到的因素——比如日本东北大地震和海啸、美国推出扩张性货币政策的不确定性、风险的“一次性”重新定价、美国天气恶劣，等等——以此为预测失准开脱。
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