

Economics & Finance
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Rate Hikes Are Not the Right Answer to “Wage-Price Persistence” James K. Galbraith contends that tightening US monetary policy will inflict social and economic harm with little to no payoff. -
Rising US Interest Rates Won’t Trigger Another Asian Financial Crisis Rising US Interest Rates Won’t Trigger Another Asian Financial Crisis
Hoe Ee Khor & Kimi Xu Jiang explain why the Fed’s hawkish monetary policy will not lead to a repeat of the 1997 Asian financial crisis. -
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How to Win Friends and Drain Russia’s War Machine How to Win Friends and Drain Russia’s War Machine
Anders Åslund explains why a price-cap on the country’s oil exports would be a win-win for the West. -
Why Might China Avoid Strong Inflation? Why Might China Avoid Strong Inflation?
Zhang Jun worries that a new round of stimulus to bolster disappointing economic growth could drive up the price level. -
America’s Wage-Price Persistence Must Be Stopped America’s Wage-Price Persistence Must Be Stopped
Jason Furman argues that the Federal Reserve should err on the side of doing too much, rather than too little. -
The End of the EU’s Free Lunch The End of the EU’s Free Lunch
Hans-Werner Sinn shows why the European Central Bank can no longer finance member states’ debt without consequence. -
The Post-Inflation Economy That Could Be The Post-Inflation Economy That Could Be
Raghuram G. Rajan shows how international cooperation and increased trade in services could unleash a productivity revolution. -
Why Are Financial Markets So Complacent? Why Are Financial Markets So Complacent?
Anatole Kaletsky thinks investors’ current overconfidence about the global economy’s prospects reflects four cognitive biases.