International Selection

In 2007, nobody foresaw the decline in growth rates and potential output that statistical and state agencies are now baking into their estimates. It is time to call what is happening by its true name. A column by J. Bradford DeLong.

Ultimately, a central bank’s anti-inflation policies can work only within the context of a macroeconomic and political framework that is consistent with price stability. A column by Kenneth Rogoff.

Central Banks have saved the world from a Great Depression but they are not superhuman. Maybe we are asking too much and maybe they are trying too hard to please us. A column by Charles Wyplosz.

The top-jobs in the EU have been reallocated. Obviously, the heads of government don't want anyone who could push integration further. A column by Daniel Gros.

President Maduro's government has chosen to default on 30 million Venezuelans, rather than on Wall Street. This is not a sign of its moral rectitude, but of its moral bankruptcy. A Column by Ricardo Hausmann.

Wall Street veteran Art Cashin does not fully trust the record levels at the stock market and draws worrisome parallels between the geopolitical tensions over Ukraine and the Cuban missile crisis.

For an independent Scotland, neither the British pound nor a Scottish petro-currency looks like the best solution. Joining the eurozone might be a better idea. A column by Harold James.

In 1814, British troops conquered and devastated Washington, D.C. Today, giant banks are virtually doing the same thing. The damage will be much bigger this time. A column by Simon Johnson.

In an economy threatened by deflation, a policy of encouraging generous wage settlements is no substitute for credit expansion via unconventional monetary policies. A column by Barry Eichengreen.

Matteo Renzi has so far given no indication that he understands the nature of Italy’s problem, much like virtually the entire European political elites. A column by Hans-Werner Sinn.

Americas system of corporate taxation is a burden on the US economy. It ought to be fundamentally changed and the corporate tax rate should be reduced gradually. A column by Martin Feldstein.

The relationship between buyer and seller in the tourism business is changing. Customers can now explain their decision publicly on the internet. This forces businesses to improve service. A column by Carlo Ratti.