International Selection

Three trends are unwinding: unconventional monetary policy, the real economy’s dependence on assets, and global saving arbitrage. This will be influential. A column by Stephen S. Roach

The rules-based trading system enshrined in the WTO is eroding. The existence of three major trading blocs – USA, EU, China – constitutes the worst constellation for trade. A column by Daniel Gros.

Any country that takes to heart President Xi’s invitation to emulate China but does not have a similar organizational history will likely be unsatisfied. A column by Pranab Bardhan.

James Grant, Wall Street expert and editor of the renowned investment newsletter «Grant’s Interest Rate Observer», warns of the unseen consequences of super low interest rate and questions the extraordinary actions of the Swiss National Bank.

Governing well in a context of economic, political, ethnic, and religious diversity is not easy. But failure to do so can mean much less growth and substantially more political risk. A column by Michael J. Boskin.

The benefits of cutting the corporate tax rate will more than offset the adverse effects normally attributed to budget deficits. A column by Martin Feldstein.

Far from a recipe for greatness, the Trump fiscal gambit spells serious trouble. A column by Stephen S. Roach.

John Mauldin, financial writer, is optimistic about the future, despite the danger of a recession, too much debt and a frustrated society.

The EU can still develop, but only if it frees itself from narrow French and German priorities. What Europe needs now is not a hard core, but a hard think. A column by Harold James.

President Trump hasn't achieved much in major economic policies. The one thing on which all Republicans agree is tax cuts, but now is the worst possible time for cutting taxes. A column by Barry Eichengreen.

Despite the eurozone’s difficulty generating inflation in an aging society characterized by excess savings, growth is not necessarily out of reach. A column by Daniel Gros.

The European Central Bank would be unable to respond to an economic downturn by lowering interest rates and buying long-term bonds. A column by Martin Feldstein.