The magazine of international economic policy.

From the Summer 2010 issue

The Great Stimulus Debate

Does economic weakness require more fiscal stimulus? Are large budget deficits holding back growth? Is it possible for fiscal consolidation—the latest preferred term for deficit reduction—to be expansionary? A selection of analyses and commentaries underlying the debate.

By Bruce Bartlett

Inflation or Deflation?

The great mystery of our macroeconomic future.

By Martin Feldstein

Obama’s Big Failure

His vague, cautious trade policy.

By Susan Ariel Aaronson

The Marginalizing of the Individual Investor

The inside story of flash crashes, systemic risk, and the demise of value investing.

By Harald Malmgren and Mark Stys

Papademos: An Exclusive Interview

The retiring European Central Bank Vice President speaks out on the European banks, chances for a double dip, and the survival of the euro.

The Naked ECB

The central bank’s voting arrangements are in need of reform.

By Howard Davies

Who Lost Europe?

The future of the European Union and the fate of the eurozone hang in the balance.

By Dani Rodrik

Chinese Fire Drill

Forget tinkering with the renminbi’s dollar peg. The key is to increase consumption.

By Charles Wolf, Jr.

China’s Structural Reform Policy

This time is it for real?

By Chi Lo

China’s Labor Cost Problem

And what Beijing plans to do about it.

By Yuen Yuen Ang

The Unaccountable G-8

Lessons for the future.

By Jeffrey D. Sachs

The World Is Warming

Consider the facts.

By Stefan Rahmstorf