International Selection

The elites should not resist moves that are in their best long-term interest, before anti-elite politicians reach power. A column by Charles Wyplosz.

The need for a future fiscal stimulus makes it clear that the US needs to start now to develop a strategy for slowing the growth of the national debt. That is the only way to create enough room for an expansionary fiscal policy. A column by Martin Feldstein.

Economic reform begins with political change. But for Russia, political change does not seem to be in the offing. A column by Konstantin Sonin.

For those looking back in 2028, the decade starting in 2018 will be remembered as one when European politicians began to waive and abate the Target claims through north-to-south fiscal transfers. A column by Hans-Werner Sinn.

In the 1930’s, protectionist tariffs exacerbated the Great Depression and destabilized the international order. Sadly, this painful lessons of modern history has been all but forgotten. A column by Stephen S. Roach.

Oil producers would be well advised to treat recent oil-price gains as a temporary windfall, not a permanent state of affairs or even a trend that is likely to intensify. A column by Mohamed A. El-Erian.

No financial cycle lasts forever. But the one driving today’s recovery in the eurozone, including the peripheral countries that were hardest hit, may be set to persist for a while yet. A column by Daniel Gros.

Scott Mather, CIO U.S. Core Strategies and a managing director at Pimco, thinks that monetary policy normalization will be a game changer for financial and expects the return of volatility.

Alberto Gallo, portfolio manager and partner at the London-based asset manager Algebris Investments, doubts that central banks can normalize their policy without causing a correction.

The sense of inevitability could be dispelled by recent shifts in the internal politics of both the Conservative government and the Labour opposition. A column by Anatole Kaletsky.

Kenneth Rogoff, Professor of Public Policy at Harvard University, explains why the long economic slump is finally over and what the biggest risks for the future are.

Very soon, it will become more apparent just how quickly and easily the latest chapter in the Chinese success story will be written: Becoming an innovation leader. A column by Simon Johnson.