Many have been puzzled that the world’s stock markets haven’t collapsed in the face of the COVID-19 pandemic and the economic downturn
As financial markets celebrate the coming vaccine-led boom, the confluence of epidemiological and political aftershocks has pushed us back
Among the many lessons of the 2008 financial crisis and its aftermath in the United States is that there is no good reason to start worrying
The past four years of US protectionism and unilateralism will serve as a lasting reminder of how not to conduct trade policy in the twenty-first
One year ago, if we were told the following twelve months would witness the worst global pandemic since 1918, precipitating the greatest global economic collapse since the 1930s, it would have been easy to envisage the lowest bond yields in history. But it would have been almost impossible to imagine functioning capital markets, much less equity markets flirting with all-time highs by year end 2020.
Promoting recovery with all tools – monetary, fiscal and public health – should be the sole macroeconomic priority of the Biden Administration,
For ESG investing to succeed, it needs recognition of its normative underpinnings and approaches that incorporate human, not algorithmic,
The sooner we get the COVID-19 pandemic under control, the sooner we can put the global economy back on track. At a virtual gathering this
Over the past few decades, the US justice system has gone from effectively punishing white-collar crimes to slapping corporations on the wrist
Heading into the holiday season, the United States is confronting a spike in COVID-19 infections and renewed restrictions on commerce. Unless Congress acts immediately to extend and expand support for workers, households, small businesses, and state and local governments, the hard-won gains from the previous stimulus could be lost.
According to conventional wisdom, US President-elect Biden will find himself immediately paralyzed because Republicans will follow the same
It is now more clear than ever that Europe must take its security, broadly understood, into its own hands. Doing so will not only secure the
Joe Biden, the President-Elect of the United States of America, is just a man. And yet, in the deep wisdom found in democracy, he may be exactly
America has been drifting away from Europe for decades. A Biden presidency cannot change this. Europe must come to terms with the currents,
Joe Biden has won the US presidency, but he will have a hard time restoring ethical concerns in a country with so many voters who have become
Research suggests that US President Donald Trump’s claims of fraud in the 2020 election could be a psychological strategy, deftly executed
We live in a world of the improbable. Black swans, fat tails, Brexit and Donald Trump remind us that the improbable is possible, sometimes
If the latest polls are any indication, Joe Biden is on track to win the popular vote in the upcoming US presidential election by a substantial
With rapid globalization and technological innovation have come profound new risks not just to individuals and countries, but to humanity’s
Rising nationalism raises a significant risk that the UN system’s structure and institutions, essential but in need of repair and rejuvenation,
America stands at a critical turning point in its history, where the gathering storm clouds of four distinct crises have formed and are converging
A common misperception is that Democrats are bad for markets. Such fears find little foundation in fact.
The announcement of this year’s Nobel Prize laureates is an ideal occasion to appreciate how much we owe to basic science, and how scientists
The events of recent years—trade conflict, geopolitical risk and the Covid-19 pandemic—have laid bare that extreme differences exist among
In addition to introducing a massive policy response to the COVID-19 crisis, the US Federal Reserve this year has announced a fundamental
People all over the world are already losing their homes and livelihoods to deadly fires, floods, storms, and other disasters. With scientists
The United States comprises 4% of the world’s population but consumes over 16% of its energy. It is high time for the United States to once
Much as we might prefer to see it otherwise, it is quite difficult to see how this ends well.
By promoting behavioral norms that balance market and society, “stakeholder capitalism” is supposed to enable private firms to
Considering the economy as machine, the market as automaton, and humans as robots is an ontological mistake, and a very expensive one at that.