Project Syndicate
As 2018 progresses we are moving ever closer to the date when payment for today’s recovery will fall due. The recent market gyrations suggest awareness of the inevitable reckoning is already beginning to dawn
8th Feb 18, 5:37pm
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As 2018 progresses we are moving ever closer to the date when payment for today’s recovery will fall due. The recent market gyrations suggest awareness of the inevitable reckoning is already beginning to dawn
Davos man must change. But Larry Hatheway says that cannot mean rejecting the core commitment to the view that human ingenuity, fostered by open societies and rewarded by markets, remains the sturdiest foundation for the advancement of humankind
30th Jan 18, 9:03am
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Davos man must change. But Larry Hatheway says that cannot mean rejecting the core commitment to the view that human ingenuity, fostered by open societies and rewarded by markets, remains the sturdiest foundation for the advancement of humankind
Stephen Roach thinks trade wars are for losers and that Chinese retaliation against US trade sanctions will almost certainly cause America far more damage
28th Jan 18, 7:30am
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Stephen Roach thinks trade wars are for losers and that Chinese retaliation against US trade sanctions will almost certainly cause America far more damage
With most Japanese economic metrics improving except inflation, the Bank of Japan is between a rock and a hard place in deciding the policy course. Takatoshi Ito reviews their options
27th Jan 18, 11:35am
With most Japanese economic metrics improving except inflation, the Bank of Japan is between a rock and a hard place in deciding the policy course. Takatoshi Ito reviews their options
Zhang Jun reports that China’s inter-urban competition that has driven its economic transformation. It has become reliant on a few high-productivity cities where jobs and growth have become concentrated
25th Jan 18, 9:00am
Zhang Jun reports that China’s inter-urban competition that has driven its economic transformation. It has become reliant on a few high-productivity cities where jobs and growth have become concentrated
Lee Jong-Wha says that after supporting economies during the global economic crisis, now the global recovery gains momentum, the time has come to begin tightening monetary policy
24th Jan 18, 8:42am
Lee Jong-Wha says that after supporting economies during the global economic crisis, now the global recovery gains momentum, the time has come to begin tightening monetary policy
In the inequality debate, Jason Furman wants economists and social scientists to obsess less over aggregate data, and to focus more on how policy decisions impact real people
20th Jan 18, 8:57am
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In the inequality debate, Jason Furman wants economists and social scientists to obsess less over aggregate data, and to focus more on how policy decisions impact real people
In automation and AI, many see a jobless future and higher inequality. But the technologically driven shift should be welcomed, say Christopher Pissarides & Jacques Bughin
17th Jan 18, 10:06am
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In automation and AI, many see a jobless future and higher inequality. But the technologically driven shift should be welcomed, say Christopher Pissarides & Jacques Bughin
Yu Yongding says widespread forecasts of stable 6.5% growth ignore slowing fixed asset investment and expectations need to be reined in
3rd Jan 18, 9:50am
Yu Yongding says widespread forecasts of stable 6.5% growth ignore slowing fixed asset investment and expectations need to be reined in
Inflation targeting is a means to an end – full employment and higher GDP growth. Koichi Hamada asks if higher prices, like higher unemployment, implies economic and social costs, why should the monetary authorities be wanting that?
29th Dec 17, 10:12am
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Inflation targeting is a means to an end – full employment and higher GDP growth. Koichi Hamada asks if higher prices, like higher unemployment, implies economic and social costs, why should the monetary authorities be wanting that?
William White says central bankers have started to miss the monetary-policy forest for the trees. He sees little evidence macroprudential tools work in the long run and may help mis-price assets
16th Dec 17, 10:50am
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William White says central bankers have started to miss the monetary-policy forest for the trees. He sees little evidence macroprudential tools work in the long run and may help mis-price assets
Stephen Roach says the world is set up for the unwinding of three mega-trends: unconventional monetary policy, the real economy’s dependence on assets, and a potentially destabilizing global saving arbitrage
16th Dec 17, 9:09am
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Stephen Roach says the world is set up for the unwinding of three mega-trends: unconventional monetary policy, the real economy’s dependence on assets, and a potentially destabilizing global saving arbitrage
Flexible exchange rates provide valuable monetary-policy independence. But in a dollar-dominated global trade environment, its ability to support full employment is severely limited claims Gita Gopinath
6th Dec 17, 2:26pm
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Flexible exchange rates provide valuable monetary-policy independence. But in a dollar-dominated global trade environment, its ability to support full employment is severely limited claims Gita Gopinath
Xi claims a "new era" version of non-democratic economic and political organisation superior to Western systems. But the Chinese development model is deficient in fundamental respects says Pranab Bardhan and not easily reproducible elsewhere
6th Dec 17, 9:16am
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Xi claims a "new era" version of non-democratic economic and political organisation superior to Western systems. But the Chinese development model is deficient in fundamental respects says Pranab Bardhan and not easily reproducible elsewhere
Taking the initiative to boost trade and other commercial contacts is the best way to resist a trade war says Bill Emmott. Prepare for the worst by negotiating multilateral agreements to preempt American mercantilism
22nd Nov 17, 9:06am
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Taking the initiative to boost trade and other commercial contacts is the best way to resist a trade war says Bill Emmott. Prepare for the worst by negotiating multilateral agreements to preempt American mercantilism
Chinese academic sees China on the right path, with a clear development blueprint and a powerful leader whose political clout all but guarantees continued reform. But major demographic issues loom
16th Nov 17, 8:50am
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Chinese academic sees China on the right path, with a clear development blueprint and a powerful leader whose political clout all but guarantees continued reform. But major demographic issues loom
Forget Korea, or the Middle East. Christopher Smart says gradual shifts in international global institutions can be far more consequential for investor behaviour, and fundamental realignments are taking place
9th Nov 17, 8:49am
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Forget Korea, or the Middle East. Christopher Smart says gradual shifts in international global institutions can be far more consequential for investor behaviour, and fundamental realignments are taking place
Keyu Jin says Xi wants a smooth transition into modernity for China, cementing the Party's authority and ensuring his own legacy
4th Nov 17, 2:51pm
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Keyu Jin says Xi wants a smooth transition into modernity for China, cementing the Party's authority and ensuring his own legacy
Edmund Phelps sees employees and employers changing their behaviour and motivation following the GFC, and labour markets aren't responding to demand changes like they once did
4th Nov 17, 1:04pm
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Edmund Phelps sees employees and employers changing their behaviour and motivation following the GFC, and labour markets aren't responding to demand changes like they once did
Kevin Rudd says President Xi is driving China in a new direction, and whether we like it or not, the rest of us had better understand his agenda sooner rather than later
3rd Nov 17, 5:02am
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Kevin Rudd says President Xi is driving China in a new direction, and whether we like it or not, the rest of us had better understand his agenda sooner rather than later
Adair Turner shows how East Asia is winning by ignoring warnings of wasteful investment in low-return domestic projects, and by forcing their firms to compete fiercely in the West's open markets
2nd Nov 17, 8:44am
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Adair Turner shows how East Asia is winning by ignoring warnings of wasteful investment in low-return domestic projects, and by forcing their firms to compete fiercely in the West's open markets
Yu Yongding says massive capital account deficits fueled by capital flight needed to be stopped to prevent China's net foreign asset disappearing. Capital account liberalisation needs to wait for a healthier, stronger financial system, he says
1st Nov 17, 1:57pm
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Yu Yongding says massive capital account deficits fueled by capital flight needed to be stopped to prevent China's net foreign asset disappearing. Capital account liberalisation needs to wait for a healthier, stronger financial system, he says
China's massive international infrastructure project will benefit the world much like the post-WWII Marshal Plan did for Europe, says Shang-Jin Wei. And the costs are not high for China, although the returns might be
14th Oct 17, 7:55am
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China's massive international infrastructure project will benefit the world much like the post-WWII Marshal Plan did for Europe, says Shang-Jin Wei. And the costs are not high for China, although the returns might be
Zhang Jun looks at China's shift to city-led growth
China's August 2015 much-needed currency reform to a market-driven exchange rate was quickly – and wrongly – reversed. Yu Yongding says things are more stable now and he wants this reform reinstituted
25th Aug 17, 9:43am
China's August 2015 much-needed currency reform to a market-driven exchange rate was quickly – and wrongly – reversed. Yu Yongding says things are more stable now and he wants this reform reinstituted