Following a recent, highly public disagreement, French and German leaders urgently need to get back on the same page. At a time when Europe
When France and Germany Squabble, Putin Rejoices
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Theme of the Week
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 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?
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
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
Why Is China Stalling Out?
China’s faltering growth reflects waning confidence in the country’s governing elite.
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
American Greatness and Decline
A Trump victory this November would hasten the return of US isolationism and the decline of American hegemony. The roots of American withdrawal
China’s Imagination Deficit
Despite facing a flagging economy, powerful demographic headwinds, and an escalating rivalry with the United States, the Chinese government
A Progressive Green Growth Narrative
Although many countries have the means to direct new investment toward decarbonization and other socially and environmentally beneficial outcomes,
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.
Clarifying America’s Great Inequality Debate
Inequality has become more pronounced in recent decades. It is a function of a dysfunctional economy. Recognition is the first step toward
The Biggest Threats to Global Economic Stability
While the sovereign-debt crisis that is currently unfolding across the developing world may not have the immediate global impact of the 2008-09
Private Jets, Climate and Taxes
In a world beset by inequality, private jets represent the tip of the spear. It is time to do something about it.
Higher Interest Rates Are Here to Stay
The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even
The Legacy of Henry Kissinger
Kissinger left a complex legacy, highlighted by strategic brilliance and tarnished by deep flaws. In his life’s work and actions reside
If Europe Could Do It, So Can the Middle East
A two-state solution must be bold, creative and inclusive. That does not make it impossible.
A Victory Lap for the Transitory Inflation Team
More than two years after economists divided into opposing camps over the nature of the post-pandemic inflation, we now know which side was
Certain Uncertainty in the US Bond Market
As inflation recedes bond yields are apt to fall.
Dogs and Economics
Dogs demonstrably make their owners happier. As a result, dog-owners are likely to be more productive. Doggone it!
War and Dollars
Between new wars, the return of nuclear brinkmanship, and threats to the US dollar, there is good reason to worry about the future of global
China’s Great Leap Backward
‘President Xi prioritizes political control over growth. He is getting his way, for better or worse’.
Pandemic Preparedness Cannot Wait
As multilateral institutions debate how to mitigate future disease outbreaks, we can take practical steps to improve upon the innovative mechanisms,
The Promise and Peril of Decarbonization
To achieve a just transition to renewables, the international community must enable emerging and developing economies to make the necessary