The magazine of international economic policy.


America’s Energy Path Forward

Break the hold of established legacy firms. Let innovation flourish, and avoid an energy “Groundhog Day.”

By Philip K. Verleger, Jr., recently named American Energy Society's Energy Writer of the Year 2023.

From the latest issue 

Who Deserves the Credit?

U.S. inflation is easing. What reasoning most compellingly explains why this is happening? Is the Fed on its way to achieving a soft landing? Or does the credit go to something totally unexpected? The bottom line: Is there a lesson to be learned about controlling inflation from recent experience?

A symposium of views

Featuring commentary by Robert J. Barbera, Michael J. Boskin, Stephen G. Cecchetti, William R. Cline, John H. Cochrane, Brian C. Deese, William T. Dickens, Everett M. Ehrlich, Jeffrey A. Frankel, Jason Furman, Joseph E. Gagnon, James K. Galbraith, Lyric Hughes Hale, Gary Clyde Hufbauer, Steven B. Kamin, Mickey D. Levy, Michael Lind, Robert E. Litan, Michael Mandel, J.W. Mason, Laurence H. Meyer, William Murdock, Peter R. Orszag, Robert J. Samuelson, Kermit Schoenholtz, Allen Sinai, Marc Sumerlin, Edwin M. Truman, R. Christopher Whalen, and Marina v N. Whitman.

Why Inflation Has Declined

Energy, supply chain disruptions, and labor costs.

By Robert Shapiro

The Way We Were

Why the price pressures caused by the pandemic will prove to be an anomaly.

By James E. Glassman

A U.S.-China Rapprochement

Is diplomacy back?

By Lyric Hughes Hale

Climate Change Is Real

Expecting China to help solve the problem is naïve.

By Greg Mastel

Tokyo’s China “De-Risking”

Japan’s pull-back is not just because of China’s slowdown.

By Richard Katz

Lighthizer Unchained

The Trump trade team argues for WTO reform. The status quo is not an option. An excerpt from Robert Lighthizer’s thought-provoking new book.

Protectionism Is (Almost) Mainstream

The era of free trade is over. Where do we go from here? A review of No Trade Is Free: Changing Course, Taking on China, and Helping America’s Workers by Robert Lighthizer.

By Eamonn Fingleton

What’s Left of Maastricht?

An important insider offers the lay of the land.

By Otmar Issing

Losing Steam

The global recovery is faltering.

By Eswar Prasad

More Global Public Goods

The key to tackling global crises.

By Hannah Zick

Off the News

View from the Beltway

On the cusp of superpowerdom: India’s rise would be a giant win for Washington.

By Owen Ullmann

Letter from Berlin

Dragging down Europe: Germany in the hot seat.

By Klaus C. Engelen

Guest Column

Back to the 1930s: A wild ride straight downhill.

By Norman A. Bailey