From the Spring 2024 issue:
Grading the Negative Rate Experiment
Did keeping interest rates low for so long create an unnecessary ““free money” distortion, increasing income inequality? Two dozen noted policy experts share their thoughts.
Featuring commentary from Lorenzo Bini Smaghi, J. Alfred Broaddus, Lorenzo Codogno, Jacques de Larosière, Mohamed A. El-Erian, Heiner Flassbeck, Jason Furman, Joseph E. Gagnon, James K. Galbraith, Brigitte Granville, Gary Clyde Hufbauer, Steven B. Kamin, Desmond Lachman, Robert E. Litan, J.W. Mason, Thomas Mayer, Piroska Mohácsi, Jim O’Neill, Adam S. Posen, Holger Schmieding, Mark Sobel, R. Christopher Whalen, William R. White, and Chen Zhao.
The devil you know (central banks) versus the devil you don’t (government controlling monetary policy).
The tale of two central banks.
The World’s Innovation Fire-Breathing Dragon
Forget the nonsense that China can’t innovate. Beijing may well come out on top.
Chinese Overcapacity Is Shaping the World
And China has paid a terrible price in the form of demographic collapse.
Ignoring voters doomed globalization. The battle has now shifted to global warming. A personal essay.
But will that make Europe even less globally competitive?
Addressing Our Global Challenges
Financial innovations will be key.
How to improve the European Union’s role at the World Bank and International Monetary Fund.
Yen carry trade, China tariffs.
Conservatives and economic populism: a passing fling or a budding bromance?
Germany’s threats from the far right: Emmanuel Macron and Olaf Scholz, call your office!