Thursday, February 23, 2017
  1. Economists in Denial

    Robert Skidelsky

    Economists in Denial


     explains why the Bank of England's recent macroeconomic forecasts have been so wide of the mark.

    Bank UK John Keeble/Getty Images
    The Bank of England’s chief economist has blamed the failure of its forecasting models, which had predicted a major economic slowdown after last June's Brexit vote, on “irrational behavior.” But what seems irrational to a central bank, not to mention the City of London, may be perfectly rational for a "Leave" supporter. READ MORE
  2. China’s Weapons of Trade War

    Keyu Jin

    China’s Weapons of Trade War


     shows why Donald Trump's protectionist threats, if implemented, would backfire on the US economy.

    Hubei province Honda factory STR/Stringer
    China exports more to the US than the US exports to China, and that makes Donald Trump furious. But with the Communist Party’s 19th Congress set to take place in Beijing this year, Chinese leaders are unlikely to yield to US pressure. READ MORE
  3. Making Crises Great Again

    Jeffrey Frankel
  4. Putting Asia’s Savings to Work in Asia

    Andrew Sheng, ET AL

    Putting Asia’s Savings to Work in Asia

    & 3

    &  ask why financial institutions fail to pursue high-return investments within the region.

    Hong Kong Marco Wong/Getty Images
    For more than three decades, Asia has been exporting its savings, through a trade surplus with the US, and re-importing them, in the form of foreign-direct and portfolio investment via New York and London. That process makes little sense, especially at a time when higher returns on investment are available within Asia itself. READ MORE
  5. Trump the Reluctant Multilateralist

    Barry Eichengreen

    Trump the Reluctant Multilateralist


     wonders whether the US president's apparent about-face on NATO will apply to other organizations.

    WB headquarters DC Brooks Kraft
    US President Donald Trump did not take office as a committed multilateralist. But even a president committed to putting “America first” now seems to recognize – at least with respect to NATO – that a framework through which countries can pursue shared goals is not a bad thing. READ MORE
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