A growing acceptance of aggressive fiscal policy is supposed to be the first principle of a new, post-revolutionary regime in macroeconomics.
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What Could Cause a US-China War?
Thucydides attributed the war that ripped apart the ancient Greek world to two causes: the rise of Athenian power, and the fear that this
Central Banking’s Brave New World
Leading central banks are now keen to take on responsibility for policy objectives they previously shied away from, such as reducing inequality
Biden’s Good Start on China
With US President Joe Biden restoring American support for multilateralism and international partnerships, the world’s democracies should
Vaccine Solidarity Now
The G7 has an opportunity to demonstrate global leadership in the COVID-19 pandemic by making the success of the international COVAX vaccine-access
No Time to Waste
Saving the planet from catastrophic climate change will require not only a dramatic increase in funding for clean-energy research and development.
Europe’s ESG Opportunity
Far from being a purely technical matter, assessing firms’ non-financial performance is a deeply political issue. Europe’s inclusive governance
Restoring Nature to Economics
Human economic activity makes extensive use of the ecosystem services nature provides, but these barely feature in measurements of GDP. It
Don’t Isolate Myanmar
US President Joe Biden’s administration must not ignore how often American sanctions against other countries have worked to China’s
The Perils of an Uneven Global Recovery
Vulnerable emerging markets could face a big hurdle if rising inflation pushes bond yields higher in 2021.
Biden’s Asian Triangle
The Japan-US alliance remains popular in both countries, which need each other more than ever. Together, they can balance China’s power
The US and China Must Cooperate in Space
Although the United States and China will likely remain at odds on many issues, President Joe Biden’s administration must also recognize
Saving America’s Public Pensions
US public pension schemes are increasingly facing funding gaps that will be difficult to close in today’s capital market environment.
Capitalism We Can Believe In
President-elect Joe Biden’s call to “build back better” after the pandemic is an invitation to renovate America’s outdated neoliberal
An Infrastructure Inoculation for America’s Recovery
In weighing the options for additional stimulus, President-elect Joe Biden’s $2 trillion infrastructure investment plan has much to recommend
The Truth About Trump’s Mob
The storming of the US Capitol by predominantly white supporters of President Donald Trump was in keeping with a long tradition of mob violence
Ten Hours that Shook America
The storming of the US Capitol by Donald Trump’s supporters in a last-ditch effort to overturn the result of the 2020 election was as
The Sino-American Race to Zero
If China and the US – the world’s two largest emitters of carbon dioxide emitters – reach net-zero emissions by mid-century, everyone
How Biden Can Restore Multilateralism Unilaterally
After four years of the Trump administration undermining global governance arrangements, President-elect Joe Biden will certainly have his
Five Cheers for 2021
After a year of death, despair, and deep uncertainty, there are glimmers of light on the horizon. Not only is responsible leadership returning
How to Make Climate Pledges Stick
Following US President-elect Joe Biden’s victory and recent carbon-neutrality pledges from China, Japan, the European Union, and others,
Bull or Bear in 2021?
Though the COVID-19 pandemic continues to disrupt social and economic life around the world, it has yet to take the wind out of equity markets’
The Debt Dogs that Didn’t Bark
If global growth resumes in 2021, aided by the rollout of vaccines and the Fed’s continued commitment to ultra-low interest rates, some
A Post-War Playbook for a Post-COVID Recovery
The pandemic’s impact on major economies has so far been four times worse than that of the 2008 global financial crisis, while entire sections