Comment

Central banks are trying to fight deflation by means of unorthodox policies like quantitative easing. But it looks more and more as if on the contrary zero interest rates themselves cause deflation. A column by Christopher Wood.

Allowing existing protectionist trade barriers to remain in place (or worsen) would deprive citizens in TPP countries of higher incomes and deal a damaging blow to international cooperation. A column by Michael J. Boskin.

There is no compelling reason for monetary policy to restrain job creation or GDP growth until excessive inflation becomes an imminent danger. A column by Anatole Kaletsky.

Socialist President Bachelet's politics may not be appealing to business, but the government sticks to sound economic policies, that is: Independent central bank, free trade and balanced budget. A column by Martin Feldstein.

In 2015, like in 1989, European nation-states need more insurance against external pressures and strategic shocks than the nation-state can provide. And now, as then, only the EU can provide it. A column by Harold James.

At this critical point, it is fair to ask the Fed for a much clearer message about what its strategy is, and what this implies for the future. A column by Kenneth Rogoff.

Self-empowering technological innovation is affecting many people, sectors, and activities. But its benefits will not be fully realized unless governments empower the forces of change. A column by Mohamed A. El-Erian.

The best argument for a modern Glass-Steagall act is the simplest. We should want a lot more loss-absorbing shareholder equity. A column by Simon Johnson.

Inflation targeting was once essential to limit runaway price growth. In today’s inflationless world, however, it is counterproductive. A column by Stephen Roach.

The eurozone may be headed toward a less «Germanic» economic policy. That could enhance the EU’s popularity in the periphery, but might increase resistance to EU membership in Germany. A column by Daniel Gros.

The RMB has recently stabilized, capital flight has dwindled: Beijing's policy of shifting gradually to a market-based exchange rate may have been better executed than generally believed. A column by Anatole Kaletsky.

Trapped in a web of codependency, the US-China relationship has become fraught with friction and finger pointing. In human behavior, the endgame of this pathology is usually a painful breakup. A column by Stephen S. Roach