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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. benami202_Burak KaraGetty Images_erdogan Burak Kara/Getty Images

    Turkey’s Pragmatic Islamist

    Shlomo Ben-Ami expects Recep Tayyip Erdoğan’s latest electoral victory to have little impact on Turkish foreign policy.
  2. sierakowski98_Jaap ArriensNurPhoto via Getty Images_donaldtusk Jaap Arriens/NurPhoto via Getty Images

    Poland's Electoral Inquisition

    Sławomir Sierakowski decries a new law designed to disqualify opposition candidates from running in this year's general election.
  3. stiglitz318_Drew AngererGetty Images_ira Drew Angerer/Getty Images

    Western Industrial Policy and International Law

    Joseph E. Stiglitz

    With recent landmark legislation to support decarbonization and innovation, the United States is making up for lost time after its failed 40-year experiment with neoliberalism. But if it is serious about embracing a new paradigm, it will need to do more to help bring the rest of the world along.

    explains how to minimize the political risks of new spending packages in the US and Europe.
  4. mohan4_STEFANI REYNOLDSAFP via Getty Images_imf STEFANI REYNOLDS/AFP via Getty Images

    The IMF’s Turn to Lead on Climate

    Rakesh Mohan, et al. explain how the International Monetary Fund can best support green investment where it is needed the most.
  5. nye_Joe RaedleGetty Images_trump Joe Raedle/Getty Images

    If Trump Returns

    Joseph S. Nye, Jr.

    What would a second Donald Trump presidency mean for US foreign policy and the world? While the man himself is unpredictable, his first term and his behavior since losing re-election in 2020 offer plenty of clues, none of which will be comforting to America's allies.

    considers the implications of the 2024 presidential election for America's foreign policy and global standing.
  6. alnuaimi1_GodongUniversal Images Group via Getty Images_UAEsolar Godong/Universal Images Group via Getty Images

    A Western Distraction from Climate Action

    Ali Rashid Al Nuaimi warns that calls for the removal of Sultan Al Jaber as COP28 president-designate are a dangerous diversion.
  7. sheng137_Kaikeo SaiyasaneXinhua via Getty Images_china investment Kaikeo Saiyasane/Xinhua via Getty Images

    How to Restructure Chinese Supply Chains

    Andrew Sheng & Xiao Geng argue that private markets can be leveraged to support a much-needed economic transformation.
  8. hausmann112_AIZAR RALDESAFP via Getty Images_solar panels AIZAR RALDES/AFP via Getty Images

    The Supply Side of Decarbonization

    Ricardo Hausmann touts strategies that create incentives for developing countries to produce renewables and other green goods.
  9. roubini177_Getty Images_china us Getty Images

    America and China Are on a Collision Course

    Nouriel Roubini juxtaposes recent developments and current trends with diplomatic happy talk about a “thaw” in tensions.

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