International Selection

Will each future generation continue to enjoy a better quality of life than its immediate predecessor? In developing countries, the answer is almost certainly yes. In advanced economies, the challenges are becoming formidable. A column by Kenneth Rogoff.

The rising inequality all over the world led to surplus savings and favors idle, speculative investments. Thereby shifting the crisis' focus towards emerging markets. A column by Michael Pettis.

Howard Marks, chairman of the U.S. investment firm Oaktree Capital, sees more room to run for stocks. But at the same time he warns that from now on, a higher level of caution is appropriate.

Joseph Stiglitz, Nobel laureate in Economics, calls for the end of anti-growth austerity in the eurozone and explains how inequality in the US is impeding economic growth.

Europe's monetary house is not stable enough to resist the next rainstorm. There should be a fiscal union to complement the monetary union. A comment by Barry Eichengreen

John Taylor, the highly regarded professor of economics at Stanford University and inventor of the Taylor Rule, thinks it’s crucial that the Federal Reserve is winding down its unconventional monetary policy and sticks to its plan to terminate the QE3 program.

Joseph Sullivan, CEO of the U.S. asset manager Legg Mason, spots opportunities in the space of equity products and in the segment of retail clients. Looking forward, he’s particularly optimistic for the U.S. stock market.

Barry Eichengreen, professor of economics and political science at Berkeley, warns that investors are being complacent if they think the Euro crisis is over.

President François Hollande has big problems with the necessary reforms. If he keeps practicing the art of compromise and diversions, France will keep sliding down the economic ladder. A commentary by Charles Wyplosz.

There is a risk that, by tempting policy complacency, this year’s expected economic upturn could end up being counterproductive.A column by Mohamed A. El-Erian.

The similarities between monetary policy today and in the late 1960s allows investors and economists to identify potential policy mistakes early on, before they manifest through rising inflation. A column by Joachim Klement.

Unlike, say, the French, the Dutch have responded to their past excesses with a series of policies designed to promote a return to work in the formal labor market. A column by Michael J. Boskin.