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.
坎布里奇——
每当国际货币基金组织遴选新的总裁时,总有批评家抱怨从新兴市场国家寻找职位候选人已成为历史。但是这种抱怨并不能改变固守了六十年的传统---欧洲人领导际货币基金组织,美国人执掌世界银行。只有这些新兴市场国家联合起来,在一个代表的统领下,才能够有力地确保这一职位。
不幸的是, 这种抱怨对这一次竞选可能又不会有多大的成效, 因此这个职位很有可能在此落到欧洲人的手中。但毕竟,选拔国际货币基金组织是基于候选人的才能而并不是其国籍。这一约定俗成的标准并不和以往的惯例背道而驰。法国财政部部长克里斯汀*拉卡得(欧派的选择)就很有才能,使人印象深刻。
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