If political leaders in the US don’t tackle both structural fiscal adjustment and tax reform, 2025 will be a year of reckoning.
At least six reasons have been advanced to explain the apparent disconnect between US economic indicators and public-opinion surveys. While
China’s faltering growth reflects waning confidence in the country’s governing elite.
Economic common sense is too often sacrificed for political expediency. Steel may be the next such case.
As President Biden prepares to deliver his State of the Union address, it is an opportune time to consider what the economic data says about
The US Federal Reserve has clearly signaled that it is in no hurry to align its policy interest rate with the presumed value of the neutral
After five decades of widening inequality and stagnant pay, low- and middle-income workers in the United States experienced a significant
Negative supply shocks are likely to become more frequent, leading to greater inflation volatility. But monetary policy cannot address adverse
The Trump effect is well-known, but not for what the conventional wisdom believes — the data suggest that Trump consistently hurts his and
Why is it that a gathering of the world’s wealthiest and most powerful people tends to produce such an inability to predict the future?
Although many countries have the means to direct new investment toward decarbonization and other socially and environmentally beneficial outcomes,
Lower inflation and low unemployment, alone, may not ensure Biden’s reelection. Voter economic angst runs deeper and broader than simple
Economics has the tools to address climate change, inequality, development and globalization. But it must use them more wisely.
Central bank independence is considered essential for the effective conduct of monetary policy. But has that independence been compromised
Inequality has become more pronounced in recent decades. It is a function of a dysfunctional economy. Recognition is the first step toward
While the sovereign-debt crisis that is currently unfolding across the developing world may not have the immediate global impact of the 2008-09
In a world beset by inequality, private jets represent the tip of the spear. It is time to do something about it.
The latest consumer price data in major advanced economies offer some encouraging news about headline inflation trends; but core inflation
Absent recurring aggregate supply and demand shocks, or a global private sector investment boom, lower interest rates are here to stay.
The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even
Big government deficits and rising debt-to-GDP ratios are triggering calls for fiscal austerity. But many fiscal hawks ignore the role that
Industrial policy is being resurrected worldwide, despite a mixed legacy. Yet the prevalence of market failure suggests that improving economic
Finding a two-state, economically viable solution amid the ‘archipelago’ that is Palestinian territory will be a major challenge.
Later this week, US families join together for Thanksgiving. Many will return to loved ones with heavy hearts, burdened by the unending news