Wednesday, June 28, 2017
  1. Europe’s Gradualist Fallacy

    Yanis Varoufakis

    Europe’s Gradualist Fallacy

    17

     proposes a simulated federation as an alternative to the unrealistic federation-lite now on offer.

    euro coin Philippe Huguen/ Getty Images
    Europe is at the mercy of a common currency that not only was unnecessary for European integration, but that is actually undermining the EU itself. So what should be done about a currency without a state to back it – or about the 19 European states without a currency that they control? READ MORE
  2. Another Lesson from Japan

    Stephen S. Roach

    Another Lesson from Japan

    15

     thinks the latest inflation data should serve as a wake-up call to advanced-economy policymakers.

    Newsart for Another Lesson from Japan Kazuhiro Nogi/AFP/Getty Images
    Though Japan’s experience since the early 1990s provides many lessons, policymakers in the rest of the world have failed miserably in heeding them. Time and again, major central banks – especially the Federal Reserve, the European Central Bank, and the Bank of England – have been quick to follow the Bank of Japan's disastrous lead. READ MORE
  3. The Retreat of the Renminbi

    Benn Steil, ET AL
  4. The Global Economy in 2067

    Kaushik Basu

    The Global Economy in 2067

    16

     presents a buoyant long-term forecast, with income and consumption doubling every four years.

    crowd city Takahiro Yamamoto/Getty Images
    In 50 years, the world economy is likely to be thriving, with global GDP growing by as much as 20% per year, and income and consumption doubling every four years or so. The key to ensuring such an outcome is novel policies that support greater equality, sustainability, and creativity. READ MORE
  5. Understanding the Productivity Puzzle

    Howard Davies

    Understanding the Productivity Puzzle

    13

     questions whether ultra-easy monetary policy really explains developed economies' stagnant gains.

    Newsart for Understanding the Productivity Puzzle Adrian Dennis/Getty Images
    In all major economies, the so-called productivity puzzle continues to perplex economists and policymakers: output per hour is significantly lower than it would have been had the pre-2008 growth trend continued. And while economists have offered many ingenious explanations, none has proved persuasive enough to create a consensus. READ MORE
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