Comment

By calling a referendum, the UK has introduced a deep conflict into its political sphere. It is now in real danger of becoming a divided and stalemated society. A column by Harold James.

Calling the rise of populism in Europe a revolt by the losers of globalization is not just simplistic; it is misleading. A column by Daniel Gros.

The Fed is effectively trapped between a US economy that increasingly justifies normalization of monetary policy and the interest of fragile global markets in further dovishness. A column by Alexander Friedman.

Prime Minister Abe must decide whether or not to raise the VAT. An failure to do so or to cut government spending means continued large deficits and soaring government debt. A column by Martin Feldstein.

The opponents of Bernie Sanders and Pope Francis may not be old, but they represent the old, while these two elderly gentlemen are speaking for the young. A column by Nina Khrushcheva.

After eight long years, it is time to give Greece the help it needs, in the form of a proper growth-oriented round of debt reduction. A column by Mohamed A. El-Erian.

The Chinese authorities are clearly pursuing pro-market reforms designed to produce real annual growth of 6.5% or more during the next five years. A column by Martin Feldstein.

The relationship between inequality and economic growth is complex. Yet, an evergrowing income inequality risks harming future growth by creating support for bad policies. A column by Fabrizio Zilibotti.

If the United Kingdom exits now, its options become severely limited. In particular, future changes to its relationship with the European Union would be difficult to negotiate. A column by Michael J. Boskin.

Developed-economy central banks should overcome their irrational fear of a deflationary spiral, and stop trying desperately to stimulate demand. A column by Daniel Gros.

It is difficult to expect elderly people to put the interests of future generations first. For now, the safety valve provided by labor mobility may rule out a youth revolt. A column by Harold James.

The German property boom could be reined in with a jump in interest rates. But the ECB is heading in the opposite direction. If the bubble bursts, the effects could be dire for the euro. A column by Hans-Werner Sinn.