International Selection

The Fed may be better served by shifting from unemployment to employment thresholds, for example, the employment/population ratio. It could even start moving to a more holistic operational measure like nominal GDP). A column by Mohamed A. El-Erian.

Chancellor Merkel is content with the status quo, just as the German public is content. But that status quo is not tenable. But just because the euro has survived so far is no guarantee that it will survive definitely, absent fundamental policy reforms. A column by Barry Eichengreen.

Germany will not turn its back on the single currency – or on the European project in general. A column by Daniel Gros.

While net job creation will continue, the labor market’s evolution risks fueling rather than countering already-significant income and wealth inequalities. A column by Mohamed A. El-Erian.

The power struggle between the president and congress, if left unresolved, could profoundly weaken the government’s ability to make significant economic decisions in the future. A column by Kenneth Rogoff.

The emerging-market slowdown ought to be a warning shot that something much worse could happen. A column by Kenneth Rogoff.

Quantitative easing benefits the few who need it the least. That is not exactly a recipe for a broad-based and socially optimal economic recovery. A column by Stephen S. Roach.

Ben Bernanke has established the rudiments of a more collegial and balanced decision-making process within the Fed. His successor should be chosen with the goal of building on this achievement. A column by Simon Johnson.

For the most part, India’s current growth slowdown and its fiscal and current-account deficits are not structural problems. They can all be fixed by means of modest reforms. A column by Raghuram Rajan.

Businesses are starting to wake up to the mounting risks that water – whether in overabundance or scarcity – can pose to their operations and bottom line. A column by Andrew Steer.

China’s future prosperity requires restricting government officials’ administrative discretion, reducing state-owned enterprises’ power and subsidies, and strengthening the rule of law by developing an independent judiciary. A column by Michael J. Boskin.

The eurozone’s game of financial hide-and-seek, has as its objective to reduce the burden on the ECB, which would have run into difficulties without help. A column by Hans-Werner Sinn.