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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. galbraith32_Dustin Chambers for The Washington Post via Getty Images_industrial policy climate change Dustin Chambers for The Washington Post via Getty Images

    Industrial Policy Is a Nostalgic Pipe Dream

    James K. Galbraith

    To address the public’s anger after four decades of neoliberalism, progressive and center-left economists are calling for innovation to create wealth “for the many” and to deal with climate change, while also reducing market concentration and power. Unfortunately, they are mistaken about where the real problem lies.

    thinks a new economic-policy consensus among center-left economists largely misses the point.
  2. buchholz16_Zhang YaoChina News ServiceVCG via Getty Images_chinese ev Zhang Yao/China News Service/VCG via Getty Images

    Tariffs on Chinese Cleantech Jeopardize the Green Transition

    Jeffrey Frankel warns that US and EU efforts to protect domestic industries from low-cost competition could backfire.
  3. kruger76_Justin SullivanGetty Images_shipping Justin Sullivan/Getty Images

    Ending the Protectionist Scourge Would Benefit All

    Anne O. Krueger emphasizes the urgency of restoring an open multilateral trading system.
  4. Shareholder capitalism Volkan Furuncu/Anadolu Agency via Getty Images

    Todd G. Buchholz on US debt, Chinese trade practices, industrial policy, and more

    Todd G. Buchholz points out that not all the reasons for the US economy’s strong performance are positive, highlights the limits of antitrust enforcement, suggests that China is undermining both its own future growth and the world trading apparatus, and more.
  5. strain28_MIKE NELSONAFP via Getty Images_gregboyle Mike Nelson/AFP via Getty Images

    Encouraging Work Is the Right Policy Response to AI

    Michael R. Strain explains why the advent of highly capable machines cannot deliver human flourishing.
  6. fischer217_Artur WidakNurPhoto via Getty Images_marinelepen Artur Widak/NurPhoto via Getty Images

    Europe’s Future Now Lies With France

    Joschka Fischer considers what a neo-nationalist French government would mean for Europe and its place in the world.
  7. roach167_Mario TamaGetty Images_bidenprices Mario Tama/Getty Images

    The Defining Economic Issue of the US Election

    Stephen S. Roach argues that the high price level, not inflation, is weighing on voters ahead of the presidential election.
  8. tubiana18_Beata ZawrzelNurPhoto via Getty Images_EUflaggreenclimate Beata Zawrzel/NurPhoto via Getty Images

    What Does the EU Election Mean for European Climate Policy?

    Laurence Tubiana

    Although the far right's latest electoral gains were not driven primarily by an opposition to climate policies, they will have deleterious effects on Europe's green transition over the next five years. The immediate lesson for climate campaigners is that they have a messaging problem.

    explains how green campaigners can strengthen their message to appeal to ordinary voters.
  9. bleicher1_Getty Images_digital dollar Getty Images

    The Geopolitical Imperative to Upgrade the Dollar

    Jordan Bleicher & Josh Lipsky explain how emerging technologies are facilitating efforts to challenge the greenback’s global dominance.

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