Subsides for domestic EV producers make for better policy than tariff’s on Chinese EV imports.
The Right Response to China’s Electric-Vehicle Subsidies
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NATO Without America
Can Europe ensure its own security without the US? Not yet.
How Democracies Can Win the Tech Race
Winning the race for future technologies demands a united front. That is why the United States and the European Union must continue to shape
Solar Geoengineering Is a Dangerous Distraction
At the most recent United Nations Environment Assembly, Africa’s leaders helped shoot down a resolution that called for more research into
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
When France and Germany Squabble, Putin Rejoices
Following a recent, highly public disagreement, French and German leaders urgently need to get back on the same page. At a time when Europe
The US and China Are Not Destined for War
Given the rising tension between the United States and China, the Jackson Hole Economics editors felt it was worth re-visiting this piece,
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 Mystery of US Interest Rates
The near-consensus since the start of the pandemic has been that there are powerful fundamental factors keeping the neutral interest rate
Why Trump Can’t Win
Trump’s extremism risks depressing Republican turnout, which could undermine his re-election chances in November.
The Untimely Resurrection of the Two-State Solution
A two-state solution is both the ideal and the enigma of the Israeli-Palestine conflict. Is it possible?
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
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
Which AI Risks Matter?
Although overly confident predictions about artificial intelligence are as old as the field itself, there is good reason to take seriously
The Lonesome Death of Alexei Navalny
Navalny’s only ‘crime’ was opposing Vladimir Putin, for which he paid with his life.
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.
Will Ukraine Survive?
What Ukraine and its Western backers have accomplished in the wake of Russia’s February 2022 invasion is extraordinary. But with congressional
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