The magazine of international economic policy.

From the Spring 2022 issue:

The World After Ukraine

More bifurcated? The status quo? China wins? Or even a return to Pax Americana?

A symposium of views

Featuring commentary by Anders Åslund, Robert D. Atkinson, Scott K.H. Bessent, Lorenzo Bini Smaghi, Josef Braml, Patrick M. Cronin, Mansoor Dailami, John M. Deutch, Mohamed A. El-Erian, Gabriel J. Felbermayr, Gary Clyde Hufbauer, Harold James, Michael C. Kimmage, Gary N. Kleiman, James A. Lewis, Jennifer Lind, Robert A. Manning, Ewald Nowotny, Thomas Oatley, William A. Reinsch, Jeffrey D. Sachs, Daniel Sneider, Atman Trivedi, Edwin M. Truman, Daniel Twining, Nicolas VĂ©ron, and Marina v N. Whitman.

An Acutely Fragile World

Most governments are in denial.

By Thomas Ferguson

After the War

The ugly global consequences.

By Simon Serfaty

The Financial Weapons of War

And the risks to the West.

By Howard Davies

Striking Diesel/Jet Fuel Shortages Are Coming

The world economy is in trouble.

By Philip K. Verleger, Jr.

The Biggest Loser

Is the European Union on course to become the big loser in the global tech race?

A symposium of views

Featuring commentary by Marco Annunziata, Marjory S. Blumenthal, Marek Dabrowski, James E. Glassman, Joseph V. Kennedy, Michael Lind, Thomas Mirow, Holger Schmieding, Gunther Schnabl, Stan Veuger, and Klaus F. Zimmermann.

Europe Technology Gap

How the European economy could be left behind.

By Jan Mischke and Jurica Novak

The Case For Central Bank Digital Currencies

Why it could soon be time to go bold.

By Andreas Dombret and Oliver Wünsch

The Cost-of-Living Crisis

Having gotten it wrong in one direction, the central banks will get it wrong again in the other.

By Bernard Connolly

What Should Guide the Fed?

A new and improved Bretton Woods agreement.

By Reuven Brenner

Off the News

ECB flexibility, U.S. presidential politics winter card, coming global dollar shortage, coming Chinese dollar debt default, Yellen retirement rumours, and gangsters advance toward the commanding heights.

View from the Beltway

The trouble with economic sanctions.

By Owen Ullmann

Letter from Berlin

Did Germany inadvertently encourage Putin’s war?

By Klaus C. Engelen