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Curated by Project Syndicate

Goodbye, ZIRP?

12 commentaries

The US Federal Reserve is considering raising interest rates for the first time since the global financial crisis erupted in 2008. Is monetary tightening premature, given the real state of the US economy, and how will it affect the now-struggling emerging world?

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  1. The World When the Fed Raises Rates
    Janet Yellen Bao Dandan/ZumaPress

    The World When the Fed Raises Rates

    Sep 10, 2015 Martin Feldkircher, et al. explain why US monetary tightening will affect different countries differently.

  2. Fed Up with the Fed
    Janet Yellen federal reserve Yin Bogu/ZumaPress

    Fed Up with the Fed

    Sep 7, 2015 Joseph E. Stiglitz asks why US policymakers are considering an interest-rate hike at a time of below-target inflation.

  3. Inflation, the Fed, and the Big Picture
    balloons Tolga Akmen/ZumaPress

    Inflation, the Fed, and the Big Picture

    Sep 3, 2015 Carmen M. Reinhart argues that the real threat nowadays, especially in the advanced economies, is declining prices.

  4. Globalized Crisis
    friendship Trina Alexander/Flickr

    Globalized Crisis

    Sep 3, 2015 Harold James explores the dark side of connecting far-flung people and economies.

  5. Will Americans Become Poorer?
    Wall Street New York City Sergi Reboredo/ZumaPress

    Will Americans Become Poorer?

    Aug 31, 2015 Martin Feldstein takes on Robert Gordon's thesis that US economic growth will remain permanently subdued.

  6. The US Still Runs the World
    Xi Jinping and Barack Obama Rao Aimin/ZumaPress

    The US Still Runs the World

    Aug 28, 2015 Simon Johnson points out that China's troubles represent only the latest affirmation of US global leadership.

  1. nishtar8_AMAURY HAUCHARDAFP via Getty Images_africavaccine Amaury Hauchard/AFP via Getty Images

    Fifty Years of Immunization Success Call for 50 More

    Sania Nishtar touts the remarkable results of global collaboration on routine vaccination and foresees continued progress.
  2. GettyImages-2149550584 Photo by MARK PETERSON/POOL/AFP via Getty Images

    Trump on Trial

    From a long list of criminal indictments to unfavorable voter demographics, there is plenty standing between presumptive GOP nominee Donald Trump and a second term in the White House. But a Trump victory in the November election remains a distinct possibility – and a cause for serious economic concern.

  3. woods56_Alex WongGetty Images_georgieva Alex Wong/Getty Images

    The IMF Chose the Right Leader the Wrong Way

    Ngaire Woods thinks the Fund’s process for selecting its managing director is woefully out of step with today’s world.
  4. bildt122_Mikhail SvetlovGetty Images_trumpputin Mikhail Svetlov/Getty Images

    Trump Is Putin’s Only Hope Now

    Carl Bildt considers the implications of Ukraine finally receiving the Western military aid it has been waiting for.
  5. frankel159_Getty Images_customer service Getty Images

    How to Rebuild Trust in Public Institutions

    Eleanor Carter & Carolyn J. Heinrich highlight the value of face-to-face interactions at a time when governments are phasing out in-person services.
  6. isenberg1_TIMOTHY A. CLARYPOOLAFP via Getty Images_trumptrial Timothy A. Clary/Pool/AFP via Getty Images

    Is Trump Above the Law?

    Nancy Isenberg

    Contrary to what former US President Donald Trump would have the American public believe, no president enjoys absolute immunity from criminal prosecution. To suggest otherwise is to reject a bedrock principle of American democracy: the president is not a monarch.

    explains why the US Supreme Court must reject the former president's claim to immunity from prosecution.
  7. deryugina1_BEN BIRCHALLPOOLAFP via Getty Images_ukraineflagsoldier Ben Birchall/Pool/AFP via Getty Images

    Ukraine Is Far From Doomed

    Tatyana Deryugina & Anastassia Fedyk

    When comparing Ukraine’s situation in 2024 to Europe’s in 1941, Russia’s defeat seems entirely possible. But it will require the West, and the US in particular, to put aside domestic political squabbles and muster the political will to provide Ukraine with consistent and robust military and financial assistance.

    compare Russia's full-scale invasion to World War II and see reason to hope – as long as aid keeps flowing.
  8. glennerster2_Scott OlsonGetty Images)_vaccines Scott Olson/Getty Images)

    The Pandemic Financing Developing Countries Need

    Rachel Glennerster urges multilateral development banks to establish mechanisms that enable at-risk vaccine purchases.
  9. krueger74_AFP via Getty Images_nigercoup AFP via Getty Images

    The Geopolitics of Africa’s Debt Crisis

    Anne O. Krueger urges developed countries to back efforts by the IMF and the World Bank to promote growth-enhancing reforms.

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