Inflation is not primarily demand-driven, so why destroy demand to deliver lower inflation?
The ECB risks exceeding its mandate, with potentially grave consequences.
Even before Russian President Vladimir Putin launched his war against Ukraine and set off a global scramble for fossil fuels, the battle against
Do not be surprised if, later this month, there is a wave of headlines claiming that the US economy is in recession. But such an assessment
Investors appear to view the British pound more like the currency of a troubled emerging market than of a stable advanced economy. And now,
Policymakers in Western industrialized countries would do well to remember that periods of high inflation historically have led to much bigger
Opinion is divided as to whether the current massive downturn in private digital currencies and related services represents a necessary and
Bonds are out of favor. But perhaps not for long.
A half-century long strategy, led by corporations, Wall Street, governments, and central banks, is coming undone. As a result, the West’s
The US Federal Reserve’s Federal Open Market Committee ought to announce a rate increase that is large enough to bring its policy rate
The demand that Russia pay reparations for its unprovoked war in Ukraine is morally compelling. But Russia would be less likely to reconcile
With “Team Persistent” having clearly prevailed over “Team Transitory” in the debate over the nature of today’s surging inflation,
To be a realist in international relations is to accept that some states are more sovereign than others. “Strict realism” now requires
With the end of post-1990s hyper-globalization, scenarios for the world economy run the gamut. In the best case, achieving a better balance
To understand the increase in consumer price inflation around the world, one must look not only at supply and demand but also at the wedge
By calling for supply chains to be shifted away from strategic rivals, US Secretary of the Treasury Janet Yellen has implicitly rejected the
Although inflation has risen sharply for multiple reasons, increased demand is by far the most important factor. The common argument about
The US-China trade war and the recent freezing of much of Russia’s official foreign-exchange reserves have again raised fears of an exodus
Regardless of whether America’s persistent current-account deficits really can be explained primarily by the accumulation of excess
Many academic studies suggest that sanctions on China or a break in Sino-American economic ties probably would have a smaller quantitative
In the wake of Vladimir Putin’s invasion of Ukraine, no European in their right mind wants Russia to have the free cash flow that its
Madeline Albright made it her life’s work to fight for women.
In the past 40 years, no country has benefited more from globalization than China. Now, as Russian President Vladimir Putin’s appalling
As the conflict in Ukraine escalates, the growing calls to tighten the economic blockade against Russia are perhaps understandable. But China