The magazine of international economic policy.

From the Spring 2012 issue

The Amazing Tale of U.S. Energy Independence

A leading expert claims the United States within a decade will be an energy exporter. And it’s all happening by accident.

By Philip K. Verleger, Jr.

How Canada Cut Its Deficits and Debt

The former prime minister on how his Liberal government accomplished the impossible.

By Paul Martin

The Inequality Debate

The United States versus China.

By Charles Wolf, Jr.

When Monetary Policy Trumps All

Some words of caution.

By Hilda Ochoa-Brillembourg

Is the European Central Bank Losing Credibility?

Or are recent criticisms overblown? Fourteen noted observers offer their views.

A symposium of views

Das Empire Strikes Back II

German finance and industry experts argue that the new European Banking Authority’s one-size-fits-all regulatory approach threatens to deepen the eurozone crisis.

By Klaus C. Engelen

Beware Unknown Unknowns

The Sibylline Books and how to prevent financial crises.

By Andreas Dombret

A “J-Curve” for the Eurozone Periphery

The prospects for labor market reform.

By Klaus F. Zimmermann

A Japanese Debt Crisis?!?

And the possibility of global contagion? A veteran Washington journalist surveys the scene.

By John M. Berry

The Battle for China’s Soul

The new politics of rock, paper, scissors.

By William H. Overholt

The Economy’s Mysterious Web of Contracts

The origin of financial market instability.

By Axel Leijonhufvud

Off the News

Chinese crony capitalism, Ludger Schuknecht, debt, and interest rates.

Central Bank Magicians

From the Founder

By David M. Smick