From the Spring 2013 issue
The global consensus on debt is in disarray. Can a realistic guide be fashioned for determining whether a nation's debt has reached a danger zone?
The views of more than twenty experts, including Jörg Asmussen, Jens Weidmann, Robert J. Shapiro, Martin Feldstein, Michael J. Boskin, Anders Åslund, Anne O. Krueger, Rudolph G. Penner, James K. Galbraith, Martin Neil Baily, Julian Callow, Thomas Ferguson, Joseph E. Gagnon, Andrew Fieldhouse, Stephen G. Cecchetti, Jeffrey A. Frankel, Alan Reynolds, David R. Malpass, David M. Walker, Richard C. Koo, Tadashi Nakamae, Richard N. Cooper, and Ronald I. McKinnon.
Quantitative easing can boost the stock market, but not the real economy—or even inflation.
The Fed’s “whatever it takes” policy makes sense, warts and all.
Bubbles, bubbles, and more bubbles.
Get ready for the end of central bank independence.
The real problem is the dangerous use of semantics.
An excerpt from The Alchemists, the brilliant new book by Neil Irwin.
The eurozone can’t unring the bell on bank deposits.
Was the Cyprus banking crisis, and taxation of those deposits as part of the financial rescue, an aberration? Seventeen noted thinkers weigh in, including Robert Johnson, James E. Glassman, Jared Bernstein, W. Bowman Cutter, Dino Kos, Edward N. Luttwak, Barry Eichengreen, Bernard Connolly, Edwin M. Truman, Andrew Balls, Sebastian Dullien, Thomas Oatley, Milton Ezrati, George R. Hoguet, Hans-Joachim Dübel, Hannes Androsch, and Catherine L. Mann.
The seeds of another eurozone crisis have been planted.
Charting potential winners and losers.
The “lost decades” theory is a myth.
Which eventually will cease to exist.
Is China beginning to resemble Imperial Japan?
The case for a sustained but selective immigration policy.
A review of Why Growth Matters by Jagdish Bhagwati and Arvind Panagariya.
A review of The Great Convergence by Kishore Mahbubani.
The field of economics needs a giant rethink.
Infrastructure wake-up call, energy revolution, and oil prices and the end of quantitative easing.