Opinion
Amid one of the worst market routs on record, a chorus of reassuring economic commentators insists that global fundamentals are sound and investors are overreacting, behaving like a panicked herd. Don’t be so sure.
Blog Post
Although the Great Recession was viewed as a US problem, the Eurozone was affected by it from the start. This column compares the monetary policy responses to the Crisis by the Fed and the ECB. It argues that the US approach has been much more aggressive and proactive. The ECB failed to provide stimulus when needed, and as a result the Eurozone might slip into a low-inflation trap.
Opinion
Wrapped up in the details of pension reforms and home foreclosure—matters that, no doubt, have important consequences for many— the big picture has faded into the background. It is easy to forget how we got here, and where we are going.
Opinion
Are the eurozone’s continuing woes the result of its incomplete construction or because of policy errors in responding to the crisis?
Opinion
The factors that dragged down the global economy in 2015 will persist – and in some cases even intensify – in the new year.
Opinion
Despite a slowing Chinese economy, decelerating inflation and a stronger euro, European Central Bank President Mario Draghi has said he will do more to support euro-area growth only “if necessary.” He should stop listening to Europe's scolds and do the right thing.
Opinion
With the drag from austerity, the debt-deflation spiral, and a weak international economy, where does the projected Greek rebound come from?
Opinion
When productivity growth slows down, there are two choices: to invest in the future or to live within one’s means. Instead, policymakers preoccupied with short-term goals have sought easy growth elixirs and soothing words.