Emerging risks for emerging economies
Suddenly it seems that emerging-market economies have gained a respite. Capital flows to these economies dried up in the second half of last year as the US Federal Reserve raised its policy rate for five consecutive quarters and shrank its balance sheet.
5y ago
Shelter from the storm in 2019
What would have to happen for this to be a tranquil year economically, financially, and politically? Answer: a short list of threats to stability would have to be averted.
5y ago
Globalisation with Chinese characteristics
US President Donald Trump's erratic unilateralism represents nothing less than abdication of global economic and political leadership.
6y ago
Can a trade war be averted?
Probably the question most frequently asked of international economists these days is: “Are we seeing the start of a trade war?” This is not a question that admits of a simple yes-or-no answer. In contrast to a shooting war, there's no government declaration to mark the official outbreak of hostilities. Tariffs have been raised and lowered throughout history, for reasons both good and bad.
6y ago
Ready or not for the next recession?
A sunny day is the best time to check whether the roof is watertight. For economic policymakers, the proverbial sunny day has arrived:
6y ago
Two myths about automation
Robots, machine learning, and artificial intelligence promise to change fundamentally the nature of work. Everyone knows this.
6y ago
Central Banks in the dock
On November 11, 1997, the Bank of England took a big step toward independence, courtesy of the second reading in the House of Commons of a bill amending the Bank Act of 1946. The bill gave legislative affirmation to the decision,
6y ago
Revenge of the experts
The Brexit debate is an endless source of mirth for anyone with a dark sense of humour. My own favourite quote is from Michael Gove, currently Britain's environment secretary.
7y ago
May 9, 2019
Emerging risks for emerging economies
Suddenly it seems that emerging-market economies have gained a respite. Capital flows to these economies dried up in the second half of last year as the US Federal Reserve raised its policy rate for five consecutive quarters and shrank its balance sheet.
January 23, 2019
Shelter from the storm in 2019
What would have to happen for this to be a tranquil year economically, financially, and politically? Answer: a short list of threats to stability would have to be averted.
August 18, 2018
Globalisation with Chinese characteristics
US President Donald Trump's erratic unilateralism represents nothing less than abdication of global economic and political leadership.
April 12, 2018
Can a trade war be averted?
Probably the question most frequently asked of international economists these days is: “Are we seeing the start of a trade war?” This is not a question that admits of a simple yes-or-no answer. In contrast to a shooting war, there's no government declaration to mark the official outbreak of hostilities. Tariffs have been raised and lowered throughout history, for reasons both good and bad.
January 14, 2018
Ready or not for the next recession?
A sunny day is the best time to check whether the roof is watertight. For economic policymakers, the proverbial sunny day has arrived:
December 15, 2017
Two myths about automation
Robots, machine learning, and artificial intelligence promise to change fundamentally the nature of work. Everyone knows this.
November 16, 2017
Central Banks in the dock
On November 11, 1997, the Bank of England took a big step toward independence, courtesy of the second reading in the House of Commons of a bill amending the Bank Act of 1946. The bill gave legislative affirmation to the decision,
August 23, 2017
Revenge of the experts
The Brexit debate is an endless source of mirth for anyone with a dark sense of humour. My own favourite quote is from Michael Gove, currently Britain's environment secretary.
July 13, 2017
Asia's unhappy anniversary
This month marks the 20th anniversary of the Asian financial crisis—or, more precisely, of the event that triggered the crisis: the devaluation of Thailand's baht.
June 15, 2017
Can US states right Trump's wrongs?
US President Donald Trump, with the help of a Republican-controlled Congress, is undermining many of the fundamental values that Americans hold dear.
X