From the Winter 2020 issue
Is the World’s Reserve Currency In Trouble?
To what extent will the global role of the U.S. dollar have changed a decade from now? TIE asked more than two dozen distinguished thinkers.
Featuring commentary by Anders Åslund, Norman A. Bailey, Mario I. Blejer, Jill Carlson, Stephen G. Cecchetti, Menzie D. Chinn, Lorenzo Codogno, Richard N. Cooper, Alejandro Díaz de León, Barry Eichengreen, Erin English, Joseph E. Gagnon, James E. Glassman, Peter Harrell, Richard Jerram, Anne O. Krueger, Kishore Mahbubani, Piroska Mohácsi Nagy, Joseph S. Nye, Jim O’Neill, William H. Overholt, Holger Schmieding, Kermit Schoenholtz, Mark Sobel, Nicolas Véron, William R. White, and Jennifer Zhu Scott.
Why Central Bankers Should Be Humble
Creating a nightmare of unintended consequences.
Start with a complete fiscal dis-union.
Three decades of market-based reforms have dramatically reduced poverty and expanded India’s middle class. But the business climate remains uneven.
Prior to the coronavirus catastrophe, workers kept returning to the U.S. labor force, contrary to the secular stagnation theories of several years ago. Did this mean the then-low labor participation rate was not the new normal? What are the implications, if any, for the Phillips curve and for Federal Reserve monetary policy from those pre-virus developments?
A second tax hike followed by the coronavirus crisis.
Hong Kong and Singapore take big hits.
How to avoid a further crash in economic growth.
Questionable economic judgment amidst a leadership crisis.
How to avoid crashing out of Europe.
Phil Lane, the prophet; Jay Powell, the pragmatist; and Vladimir Putin’s goal.
Democratic scorecard. If Biden wins, who’ll be his brain trust?