Project Syndicate

6th Mar 18, 4:00pm
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Western governments have offered protections for incumbent firms at the expense of new market entrants and productivity growth. With China realising the value of fair & free competition, the West needs to change course or get left behind
Western governments have offered protections for incumbent firms at the expense of new market entrants and productivity growth. With China realising the value of fair & free competition, the West needs to change course or get left behind
6th Mar 18, 4:00pm
6th Mar 18, 9:35am
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Credit-supply expansions play a key role in subsequent recessions. Households take on more debt when lenders make it more available or more affordable, which drives up aggregate demand – that is, until the music stops
Credit-supply expansions play a key role in subsequent recessions. Households take on more debt when lenders make it more available or more affordable, which drives up aggregate demand – that is, until the music stops
6th Mar 18, 9:35am
28th Feb 18, 5:02am
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Stephen Roach says look at the real nature of the US savings-short economy to understand why 'momentum' won't carry it far, and why a tariff wall won't help
Stephen Roach says look at the real nature of the US savings-short economy to understand why 'momentum' won't carry it far, and why a tariff wall won't help
28th Feb 18, 5:02am
27th Feb 18, 4:20pm
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Yu Yongding argues that whatever challenges it faces, the PBOC must stay the course, and convince markets China really is committed to a floating exchange-rate regime
Yu Yongding argues that whatever challenges it faces, the PBOC must stay the course, and convince markets China really is committed to a floating exchange-rate regime
27th Feb 18, 4:20pm
20th Feb 18, 8:30am
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Ultra-loose monetary policy stopped being appropriate long ago says Germany's Jürgen Stark, and the ECB's refusal to normalise policy faster is drastically increasing the risks to financial stability
Ultra-loose monetary policy stopped being appropriate long ago says Germany's Jürgen Stark, and the ECB's refusal to normalise policy faster is drastically increasing the risks to financial stability
20th Feb 18, 8:30am
14th Feb 18, 12:27pm
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With higher living standards, Chinese citizens will demand far more personal freedom and political accountability. The most fundamental challenge for Beijing is to govern while excluding electoral democracy
With higher living standards, Chinese citizens will demand far more personal freedom and political accountability. The most fundamental challenge for Beijing is to govern while excluding electoral democracy
14th Feb 18, 12:27pm
12th Feb 18, 10:58am
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With Russia showing the way on how cyber tactics and subterfuge can upend democracies, China will surely be taking pages from the Kremlin's playbook says Kent Harrington
With Russia showing the way on how cyber tactics and subterfuge can upend democracies, China will surely be taking pages from the Kremlin's playbook says Kent Harrington
12th Feb 18, 10:58am
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
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
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
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
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
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
27th Jan 18, 11:35am
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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
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
25th Jan 18, 9:00am
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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
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
24th Jan 18, 8:42am
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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
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
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 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
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
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
3rd Jan 18, 9:50am
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Yu Yongding says widespread forecasts of stable 6.5% growth ignore slowing fixed asset investment and expectations need to be reined in
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
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?
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
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
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
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
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
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
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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