The magazine of international economic policy.

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Did Europe Just Experience Its “Hamiltonian Moment”?

America’s first Treasury Secretary, Alexander Hamilton, consolidated the war debt of the thirteen colonies with the issuance of common debt. Is Europe moving in the same direction?

A symposium of views

Featureing commentary by Hannes Androsch, Anders Åslund, Jörg Asmussen, Lorenzo Bini Smaghi, Michael J. Boskin, Josef Braml, Lorenzo Codogno, Richard N. Cooper, Andreas Dombret, Robert H. Dugger, Barry Eichengreen, Michael Emerson, Benjamin M. Friedman, James E. Glassman, Gary Clyde Hufbauer, Michael Hüther, Otmar Issing, Jacob Funk Kirkegaard, Richard C. Koo, György Matolcsy, Thomas Mayer, Thomas Mirow, Jim O’Neill, Ludger Schuknecht, Jeffrey R. Shafer, Mark Sobel, Merryn Somerset Webb, Roland Vaubel, Nicolas Véron, R. Christopher Whalen, William R. White, and Klaus F. Zimmermann

The ECB Needs to Rediscover Itself

And return to its conceptual and legal foundations.

By Jürgen Stark, Thomas Mayer, and Gunther Schnabl

The Euro’s Endless Horror

Or end to the horror.

By Desmond Lachman

Stop and Rethink Economic Policy

Governments seem hell-bent on creating a new Depression.

By Bernard Connolly

Time for a New Fiscal Federalism

Three reforms deserve attention.

By Mansoor Dailami

The Covid Silver Linings Playbook

Six silver linings.

By Mohamed A. El-Erian

Today: Dominance Denied

How America’s pursuit of energy domination destroyed the oil industry.

By Philip K. Verleger, Jr.

Can America Quit China?

A growing discussion.

By Greg Mastel

Abenomics After Abe

Japan’s new prime minister can administer. But can he lead?

By Akira Kawamoto

Those Hilarious Russians

Humor intertwined with politics: a survey.

By Padma Desai

Off the News

View from the Beltway

Joe Biden: What kind of president?

By Owen Ullmann

Letter from Berlin

Merkel’s EU legacy summit.

By Klaus C. Engelen