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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. fuhr16_LOIC VENANCEAFP via Getty Images_climateprotest Loic Venance/AFP via Getty Images

    Debunking Solar Geoengineering

    Lili Fuhr argues that solar geoengineering is no substitute for phasing out fossil fuels.
  2. qian26_ NOEL CELISAFP via Getty Images_chinapoliceprotests Noel Celis/AFP via Getty Images

    What China’s Zero-COVID Drama Foreshadows

    Nancy Qian thinks the recent protests – and the government's response – point to a broader political challenge.
  3. coyle28_JOSEP LAGOAFP via Getty Images_semiconductors JOSEP LAGO/AFP via Getty Images

    The Double Transformation

    Diane Coyle urges antitrust regulators to update their thinking to accommodate the net-zero transition.
  4. op_evans3_Anthony KwanGetty Image_equalityhumanrights Anthony Kwan/Getty Images

    Revitalizing the Struggle for Human Rights

    Gareth Evans

    Around the world, indicators of the strength of democracy and the protection of human rights have been falling, even in countries that have long championed such values. But while pessimists have the wind at their back, optimists still have the stronger argument.

    offers eight principles to guide advocates as they try to put progress back on track.
  5. BP - china protests Kevin Frayer / Stringer via Getty Images

    The Zero-COVID Revolution?

    After tens of thousands of Chinese took to the streets in cities throughout the country, China’s government has begun to loosen pandemic restrictions. But, while an exit from the controversial zero-COVID policy was long overdue, the path ahead is strewn with pitfalls, and hopes for a sustained wave of Chinese popular resistance are likely misplaced.

  6. feingold1_Special Envoy for Biodiversity and Water Resources_us national park George Rose/Getty Images

    What US Leadership Can Do for Nature

    Russ Feingold shows how America can contribute to conservation despite its failure to ratify the biodiversity convention.
  7. songwe7_Tony KARUMBA  AFP) (Photo by TONY KARUMBAAFP via Getty Images_climate Photo by TONY KARUMBA/AFP via Getty Images

    The Global Climate-Finance Challenge

    Vera Songwe, et al. show how to mobilize the funding developing countries will need to avert the worst effects of global warming.
  8. stiglitz313_FREDERIC J. BROWNAFP via Getty Images_USgas Frederic J. Brown/AFP via Getty Images

    All Pain and No Gain from Higher Interest Rates

    Joseph E. Stiglitz explains why the current demand-focused approach to taming inflation is all wrong.
  9. ortiz6_STEFANI REYNOLDSAFP via Getty Images_austerity imf STEFANI REYNOLDS/AFP via Getty Images

    Ending the Austerity Pandemic

    Isabel Ortiz & Matthew Cummins warn that governments are returning to the same failed belt-tightening policies of the past.

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