Draghi’s wake-up call: Will Europe act or snooze?
Mario Draghi urges deeper integration to tackle Europe’s economic challenges, but will leaders respond in time?
Barry Eichengreen
The Populists’ Euro
The majority of Italians want two things: new political leadership and the euro. The question is whether they can have both. The point about new
Two Myths About Automation
Robots, machine learning, and artificial intelligence promise to change fundamentally the nature of work. Everyone knows this. Or at least they think they do. Specifically,
The Euro’s Narrow Path
With Emmanuel Macron’s victory in the French presidential election, and Angela Merkel’s Christian Democratic Union enjoying a comfortable lead in opinion polls ahead of Germany’s
Is Germany Unbalanced Or Unhinged?
For US President Donald Trump, the measure of a country’s economic strength is its current-account balance – its exports of goods and services minus its
The Age Of Hyper-Uncertainty
The year 2017 will mark the 40th anniversary of the publication of John Kenneth Galbraith’s The Age of Uncertainty. Forty years is a long time, but
Globalisation’s Last Gasp
Does Donald Trump’s election as United States president mean that globalisation is dead, or are reports of the process’ demise greatly exaggerated? If globalisation is
The Brexit Alarm
I have no special expertise on the question of whether Britain should leave (or “Brexit”) the European Union. True, I did live in the United
Why The World Economy Needs Fiscal Policy To Overcome Stagnation
The world economy is visibly sinking, and the policymakers who are supposed to be its stewards are tying themselves in knots. Or so suggest the
The Crisis Europe Needs
It’s hard to be optimistic about Europe. Last summer, a political cage match between Germany and Greece threatened to tear the European Union apart. In
Saving Greece, Saving Europe
Whatever one thinks about the tactics of Greek Prime Minister Alexis Tsipras’s government in negotiations with the country’s creditors, the Greek people deserve better than
We Are A Matter Of Weeks Away From A Greek Default Unless A Deal Can Be Reached
With no agreement yet reached between Greece and its creditors, there are doubts over whether the country will be able to make a scheduled debt
Losing Interest
Two of the world’s most prominent economic institutions, the International Monetary Fund and Former US Treasury Secretary Larry Summers, recently warned that the global economy may
The Fed, The Dollar And The Damage Done
The US Federal Reserve is being widely blamed for the recent eruption of volatility in emerging markets. But is the Fed just a convenient whipping