Financial markets have become accustomed to central bank liquidity. Weaning them off won’t be easy.
Where Has All the Liquidity Gone?
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Preparing for the Next Global Catastrophe
The end of the pandemic may be in sight, but COVID-19 could be a harbinger of future calamities. If global leaders do not establish equitable
China’s Future Will Reflect Russia’s
China learned from Russia’s post-1991 experience and pursued its economic liberalization with more care. But it ultimately could not avoid
Climate Injustice and the Curse of Illusory Growth
Advanced economies have long relied principally on developing countries for primary commodities and natural resources to fuel their industries
Is Nuclear War Inevitable?
Russian aggression and nuclear saber rattling have reminded us that the likelihood of nuclear war is a matter of both independent and interdependent
Progressive Federalism to Combat Judicial Extremism
Although the US Supreme Court’s conservative supermajority has declared war on rights that a majority of US citizens cherish, US states
The Danger of Nuclear Reactors in War
Russia’s occupation of Ukraine’s peacetime nuclear reactors is a reminder that diplomacy must find solutions to safeguard nuclear power
Russia’s Looming Defeat in Ukraine
Contrary to popular perception, Russia is losing on the battlefield and in economics.
Rate Hikes Alone Won’t Curb Inflation
Because America’s sky-high inflation rate is driven heavily by supply-side shortages, it will not be brought down by demand-suppressing
What Saudi Arabia Wants
Today’s energy crisis could prove to be worse that those of the 1970s. Policy must respond.
How Abe Changed Japan
Former Prime Minister Abe Shinzō’s assassination understandably comes as a shock, given that Japan has not experienced political violence
The Supply-Side Fight Against Inflation
Central banks’ only real option for tackling inflation is to reduce demand – an approach that implies a significant drag on global growth.
Fact-Checking the Deglobalization Narrative
Globalization is not dead. But it is evolving. And it can still be shaped for the betterment of all.
Climate-Impact Disclosure Is Common Sense
The momentum behind mandatory climate-risk disclosure is building globally. By acting now on its own proposed rule change, the US Securities
The Supply Solution to Stagflation
According to the World Bank’s latest forecast, global growth is projected to slow by 2.7 percentage points between 2021 and 2024 – more
Surviving a Future of Extreme Heat
Unprecedented extreme-heat episodes like the heatwave in India and Pakistan this spring and the 2021 heat dome in the Pacific Northwest are
How Global Food Crises Work
As if the immediate food shortages created by Russia’s war in Ukraine were not bad enough, the disruption to this year’s harvest means
Realizing Africa’s Sustainable Energy Future
Without international support, including investment at scale, African countries will not be able to expand energy access to all and still
Kofi Annan’s Lessons in Global Leadership
Sadly, principled statesmen and women who can forge bold, morally consistent responses to today’s global problems are in short supply.
The Fed Does Not Deserve All the Inflation Blame
The US Federal Reserve certainly bears its share of responsibility for the great inflation of the 2020s. But powerful political pressures
The Growth Engines Are Sputtering
The International Monetary Fund’s significant downward revision to its 2022 World Economic Outlook, just one quarter into the calendar year,
Public-Private Decarbonization
To keep global warming within 1.5°C, trillions of dollars more will need to be invested in clean energy production and infrastructure every
The Carbon Price Solution
The net-zero transition requires the rapid development at scale of new technologies, energy-efficient infrastructure, and carbon capture and
Storm Clouds Over the Global Economy
Following Russia’s invasion of Ukraine and a resurgence of inflation around the world, the prospects for a robust global recovery from the