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The magazine of international economic policy.

FEATURED IN THE LATEST ISSUE

New Tools for Central Bankers?


Central banks worldwide face criticism for the inability of their policies to restore the global economy to historic levels of economic activity. What new tools should the central bank community consider? More than forty noted experts share their views.

Featuring comment by Hannes Androsch, Jörg Asmussen, Stephen Axilrod, Martin Neil Baily, Dean Baker, Laurence M. Ball, Michael J. Boskin, William E. Brock, Lorenzo Codogno, Bernard Connolly, Richard N. Cooper, W. Bowman Cutter, Marek Dabrowski, Mansoor Dailami, José De Gregorio, Andrew DeWit, Barry Eichengreen, Mohamed A. El-Erian, Richard D. Erb, Milton Ezrati, Thomas Ferguson, Benjamin M. Friedman, Takeshi Fujimaki, James K. Galbraith, James E. Glassman, George R. Hoguet, Martin Hüfner, Michael Hüther, Otmar Issing, Richard Jerram, David M. Jones, Catherine L. Mann, Allan H. Meltzer, Ewald Nowotny, Jim O’Neill, Holger Schmieding, Allen Sinai, Marc Sumerlin, Peter J. Wallison, William R. White, and John Williamson.

Trump and the Independence of the Fed

Will the new President follow up on his campaign rhetoric?

By John M. Berry

Greenspan Revisited

David Smick speaks with Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan.

Italy’s Lost Decade

Is Italy the world's new Greece?

By Desmond Lachman

Deutsche Bank Robbery

The makings of a financial disaster. A bank morphs into a hedge fund.

By Klaus C. Engelen

The Global China Worry

But are we worrying about the wrong risk?

By Chi Lo

Whom Do Today’s Financial Markets Serve?

Time for a fundamental discussion of our vision of markets.

By Everett M. Ehrlich and Michael D. Mann

A Tragedy Worthy of Shakespeare

The looming financial crisis as a result of oil's collapse.

Philip K. Verleger, Jr.

Redefining Protectionism

The new challenge in the digital age.

By Susan Ariel Aaronson

Trump on Trade

Not as far out of the mainstream as you'd think.

By Greg Mastel

End the Conspiracy of Silence

My response to Richard Katz.

By Adams Nager

Bad Trade Talk

The rhetoric of economic nationalism is counterproductive.

By Simon Lester

The Free Trade Boosters

Had there been more nuanced trade discussion all along, the barbarians would not be at the door.

Dani Rodrik

Not All Forms of Capitalism Are Created Equal

A review of David Smick’s new book, The Great Equalizer: How Main Street Capitalism Can Create an Economy for Everyone.

By Robert W. Merry