The Bank of Japan’s Stealth Tapering
says that policymakers have good reason not to be explicit about normalizing monetary conditions.
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The Bank of Japan’s Stealth Tapering
Long Reads says that policymakers have good reason not to be explicit about normalizing monetary conditions.
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Forecasting Is Fallible, Yet Necessary
Long Reads explains why the most valuable economic predictions aren’t always the most accurate.
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Trumponomics and the US Midterm Elections
Insider Interview interviews about the state of the US economy and its political implications.
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The Decline of the West, Again
Global Bookmark reviews four books addressing the shift in economic and geopolitical power from the US and Europe to Asia.
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China’s Repressed Memory
Global Bookmark follows a common thread running through three recent novels by the exiled writer Ma Jian.
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Into the Brexit Labyrinth
Long Reads shows that there is no viable path to a politically and economically acceptable withdrawal from the EU.
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Syria’s Only Path to Peace
Long Reads argues that the most audacious solution to the conflict – genuine democracy – is also the most realistic.
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Roundtable: The West’s Decade of Despair
Insider Interview interviews about the economic and political legacy of the 2008 financial crisis.
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The Evolution of Globalization
Global Bookmark reviews a wide-ranging selection of books on global governance, trade, and inequality.
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How the US Supreme Court Lost Its Legitimacy
Long Reads points out that all five conservative justices came to the bench under dubious circumstances.
The Year Ahead
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The Global Economy’s Risky Recovery
As the advanced economies’ post-2008 recession fades into the distant past, global prospects for 2018 look a little better than in 2017. The shift from fiscal austerity to a more stimulative stance will reduce the need for extreme monetary policies, which almost surely have had adverse effects not just on financial markets but also on the real economy.
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Central Banks’ Year of Reckoning
- In the absence of political solutions, central banks in the decade since the 2008 financial crisis have rolled out one unconventional monetary policy after another, with various justifications and varying effectiveness.
- Now that the period of monetary exceptionalism seems to be coming to an end, central bankers must soberly assess their own record.
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How Inequality Works
- The political upheavals and populist incursions of the past few years owe much to widespread perceptions of inequality and economic injustice in advanced economies.
- While median wages have stagnated, incomes at the top have continued to rise, and there is growing evidence to suggest that the two phenomena are connected.
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Will Monetary Policy Trigger Another Financial Crisis?
- Sustained unconventional monetary policies in the years after the 2008 global financial crisis created the conditions for the second-longest bull market in history.
- But they also may have sown the seeds of the next financial crisis, which might take root as central banks continue to normalize their policies and shrink their balance sheets.
