The magazine of international economic policy.

From the Spring 2015 issue

Does Europe Need Debt Relief?

At issue is economic growth. Is the eurozone in desperate need of a major conference on debt relief? Or would such a conference merely encourage more of the fiscal policies and lack of restructuring that led to the economic underperformance and excessive debt in the first place?

More than thirty observers offer their assessment, including Henry J. Aaron, Hannes Androsch, Michael J. Boskin, Charles W. Calomiris, Stephen G. Cecchetti, William R. Cline, Lorenzo Codogno, Bernard Connolly, Howard Davies, Barry Eichengreen, Mohamed A. El-Erian, Milton Ezrati, Jeffrey A. Frankel, Benjamin M. Friedman, James K. Galbraith, Maurice R. Greenberg, Philipp M. Hildebrand, Jacob Funk Kirkegaard, Desmond Lachman, Edward N. Luttwak, Thomas Mayer, David C. Mulford, Ewald Nowotny, Jim O'Neill, Kermit Schoenholtz, Ludger Schuknecht, Jeffrey R. Shafer, Hans-Werner Sinn, William R. White, John Williamson, and Criton M. Zoakos

A symposium of views

The History of Debt Relief

From de Larosière to Rhodes, Mulford to Ortiz, and Herrhausen to Gurría, the struggle for debt solutions goes on.

By Klaus C. Engelen

How Germans View Russia

And where does America fit in?

By Stephen F. Szabo

The Revenge of Helmut Schmidt

Why I was right about the euro.

By C. Fred Bergsten

Could America Soon Have an Inflation Problem?

Is the United States flirting with an inflation problem? Moreover, what are the risks of policy error on the inflation issue? Are Fed policymakers today behind the curve on the inflation front? Or is talk of monetary tightening playing with fire?

Over a dozen noted experts offer their predictions, including Charles W. Calomiris, Stephen G. Cecchetti, Bernard Connolly, Richard N. Cooper, W. Bowman Cutter, Martin Feldstein, James E. Glassman, David D. Hale, Steve H. Hanke, Lawrence B. Lindsey, Allan H. Meltzer, Alice Rivlin, Kermit Schoenholtz, and Criton M. Zoakos

A symposium of views

The Inflation Debate

Why Team Yellen will move cautiously.

By John M. Berry

Rebalancing the U.S. Economy

The trend is favorable.

By Jason Furman

QE and Oil Prices

Why the United States will be the new arbiter of oil inventories.

By Philip K. Verleger, Jr.

An Ever-Growing Jungle

Rethinking the U.S. regulatory process.

By Joseph V. Kennedy

Still Wallowing in the Shallows

The ongoing failure of Abenomics.

By Milton Ezrati

Abenomics on the Ropes

Are military exports Japan’s last hope?

By Yoshihiro Sakai

Avoid Joining the Currency War!

Why China benefits little from renminbi devaluation.

By Chi Lo

A Double-Edged Sword

The risks to China’s Silk Road Economic Belt.

By Friedrich Wu, Vidhya Logendran and Wan Tin Wai

The Moonshine of Our Times

The global rise of shadow banking.

By Roger Davies

Who Lost China?

The U.S. Congress.

By David Hale

While America Dithered

The G-20 prospered.

By Barry D. Wood

Not All Central Banks Are Created Equal

The complications of QE bond buying.

By Marco Leppin and Joachim Nagel

From the Founder

The smartest guys In the room.

By David M. Smick

Off the News

An appreciation of John H. Makin, debt alert, U.S. economic disappointment, TIE Bookshelf.