While carbon pricing and industrial policies may have enabled policymakers in the United States and Europe to avoid difficult political choices, we cannot rely on these tools to achieve crucial climate goals. Climate policies must move away from focusing on green taxes and subsidies and enter the age of politics.
explains why achieving climate goals requires a broader combination of sector-specific policy instruments.
The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even if inflation declines, soaring debt levels, deglobalization, and populist pressures will keep rates higher for the next decade than they were in the decade following the 2008 financial crisis.
thinks that policymakers and economists must reassess their beliefs in light of current market realities.
迪拜——随着中东各国政府试图摆脱对自然资源的依赖并建立多样化、适应性强的经济,他们应当学习迪拜的经验。迪拜的故事令人叹为观止。
迪拜只用了不到一代人的时间就实现了向投资商业和高端文化重要中心的转型。虽然2008年全球金融危机沉重打击了这个城市国家(因为其不动产资产风险高涨),但迪拜经济迅速得到了恢复,这一点由于迪拜申请主办2020年世博会而得到了证实。
我们应当仔细思考迪拜是怎样不仅在面对危机时生存下来,而且还实现了发展和繁荣。因此,今年夏天,我开始调研所谓的迪拜弹性增长模式,以及这种模式可能面临的挑战。在研究中,我与政府官员和商界精英进行了40多次深度访谈,并以辅助数据资源来充实我的研究成果。
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