International Selection

The lack of response at the zero bound of policy interest rates is no surprise. It is reminiscent of the liquidity trap of the 1930s, when central banks were also «pushing on a string.» A column by Stephen S. Roach.

It is not easy to keep an airplane flying smoothly while changing the engines. And that is precisely the challenge the May government faces. A column by Mohamed A. El-Erian.

Matthew McConaughey has made himself a name as one of Hollywood’s most distinctive stars. In an interview, he talks about his work as an actor and the key to his success.

Stagnating or falling real incomes are a brake on consumption demand and GDP growth. They also fuel social and political discontent, as people lose confidence in economic structures. A column by Laura Tyson.

The only way out of the trap is a hefty dose of creative destruction, which in Europe would have to be accompanied by debt relief and exits from the eurozone. A column by Hans-Werner Sinn.

There are substantial differences between the candidates’ economic-policy platforms. A column by Michael J. Boskin.

The modern welfare state has become alarmingly overburdened. Politicians are unable to muster the will to radical reform. That does not bode well at all. A column by Victora Curzon Price.

Today’s leaders are grappling with the politics of globalization, and in that debate Merkel and Putin represent two paths forward: openness and defensiveness, respectively. A column by Harold James.

Anyone wishing for Trump to «move to the middle» in today’s Republican Party is really just asking for a more dangerous version of George W. Bush, at home and abroad. A column by Simon Johnson.

Urban incomes in China are now reaching a threshold where spending on both goods and services accelerates rapidly. A column by Chang Ka Mun.

Will the economic changes that Brexit will necessitate produce the benefits for British workers that the «Leave» campaign promised? The answer remains far from clear. A column by Daniel Gros.

Kenneth Rogoff, Professor of Public Policy at Harvard University, postulates to get rid of cash. In his opinion, killing big bills would hamper organized crime and make negative interest more effective.