Europe's politicians have lost sight of the real problem -- the structural problems stemming from high administrative burdens and the unpredictability of tax systems that ultimately result in too-high production costs, which in turn stifle creation and restrain innovation.
The global economic crisis has given back to fiscal policy its high profile as an instrument of macroeconomic stabilization. A revived interest in the potential of fiscal policy to boost shared prosperity has followed. Instead of denying it, we should work on those conditions necessary for it to succeed.
If the G20 nations not only spoke with one voice on financial reform but also acted as one then we wouldn't have to listen to the threat of banks moving any more.
We love your jokes! We only ask for a little more discretion. No, we don't mean about the nude photos; we don't care about that. But these days when we call our clients "muppets," there are no witnesses.
An open "politicization" of finance came out as a consequence of governments and central banks stepping in, in the sense that the dynamics of financial asset prices is now determined directly in the political sphere.
The country most at risk in the eurozone economic crisis is not Spain, Italy, or even Greece, but Britain.
Dr. Doom has taken to the airwaves, warning policymakers as well as the public that there is a high probability that a perfect economic and fiscal storm will erupt in 2013.
Nearly four years after the Great Bailout, we continue to subsidize banks through low-cost funding, and through meaningless slaps on the wrist for ongoing malfeasance.
The world recovery can continue, and can strengthen. The right pace of fiscal consolidation, continuing expansionary monetary policy, getting the financial sector back to health to decrease borrowing costs, and solidarity, especially within the Euro zone, are all of the essence.
While some economies are crashing, the celebrity of some economists is booming. One of these celebrated economists is Martin Wolf, the chief economics commentator at the Financial Times and surely one of the world's most influential columnists.
Asia's growth has brought a new set of challenges, from food insecurity to growing urban slums to rising inequality.
At a crucial moment in world history, a meeting with potentially historic ramifications is about to take place: a joint meeting of the G20 and B20 -- the heads of state and government of the world's 20 major economies, and the major business organizations of those nations.
Joe, you are the New York Times chief columnist on banking. It's time for you to focus on the real problem with the banking system and stop looking for saviors. It's banking policy, not people, Joe, that needs changing.
Instead of being the strong economy holding the global economic system together, China may be another cause of instability, risk and uncertainty. Though China is on the other side of the globe, its economy may have a profound effect on us locally.
The global economic orthodoxy is being widely rejected by people who are pessimistic about the direction their country is taking. Most people have little faith that the lives of their children and future generations will be better off.
Some economists believe that Asia is largely insulated from the ongoing economic crisis in Europe and North America. However, there are a number of trends and associated risks emerging in Asia at the present time that fundamentally challenge this assumption.