De-globalization will exact a lasting cost on global welfare.
The Hidden Costs of “Slowbalization”
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Economics
Monetary Policy: The Dog That Did Not Bark
The US economy has become less sensitive to Fed rate hikes. But the Fed can still ease this year, given declining inflation.
The Right Response to China’s Electric-Vehicle Subsidies
Subsides for domestic EV producers make for better policy than tariff’s on Chinese EV imports.
Why Have Inflation Forecasts Been So Wrong?
To explain why forecasters at the US Federal Reserve and other major institutions missed the mark on inflation in recent years, it is tempting
Why Are We So Glum?
The economy is objectively strong, but Americans are undeniably pessimistic, convinced the American Dream is slipping away.
The Future of ‘Sworking’
Seniors working, or ‘sworking,’ is a true potential win-win that could help alleviate pressure both on public pensions and on the elderly’s
The Economic Consequences of Legal Behavior
Many thriving societies, such as Germany and Japan, adhere closely to the letter of the law. However, allowing for a certain degree of latitude
The Big Push African Women Need to Escape Poverty
Investing in women makes a difference. Africa provides the example.
Putin’s Silk Road Around Sanctions
The overriding imperative for the West must be to make Russia’s war against Ukraine as costly as possible for Russians. Why, then, are
Carbon Credits Hold the Key to Combating Deforestation
After 15 years of planning and preparation, Ghana is poised to offer carbon credits to buyers in the Global North, who, facing accusations
The Submergence of Emerging Markets
Despite what many think, the world as a whole has become vastly more equal, thanks to decades of rapid growth in China, India, and other emerging
The Fiscal State of the Union
If political leaders in the US don’t tackle both structural fiscal adjustment and tax reform, 2025 will be a year of reckoning.
Explaining Americans’ Pessimism About a Strong Economy
At least six reasons have been advanced to explain the apparent disconnect between US economic indicators and public-opinion surveys. While
Why Is China Stalling Out?
China’s faltering growth reflects waning confidence in the country’s governing elite.
America’s Steel Madness
Economic common sense is too often sacrificed for political expediency. Steel may be the next such case.
The Economic State of the Union
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
What Is the Fed Thinking?
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
Credit Bidenomics for Rising US Wages
After five decades of widening inequality and stagnant pay, low- and middle-income workers in the United States experienced a significant
The Next Inflationary Surge
Negative supply shocks are likely to become more frequent, leading to greater inflation volatility. But monetary policy cannot address adverse
2024 Elections: The Trump “Dummy” Factor
The Trump effect is well-known, but not for what the conventional wisdom believes — the data suggest that Trump consistently hurts his and
Davos and the Perils of Prediction
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?
A Progressive Green Growth Narrative
Although many countries have the means to direct new investment toward decarbonization and other socially and environmentally beneficial outcomes,
It’s (More Than) the Economy, Stupid!
Lower inflation and low unemployment, alone, may not ensure Biden’s reelection. Voter economic angst runs deeper and broader than simple
Confronting Our Four Biggest Economic Challenges
Economics has the tools to address climate change, inequality, development and globalization. But it must use them more wisely.