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Macroeconomic Policy

Democrats Will Need New Leadership That Offers Alternatives To Neoliberal Failure

Mark Weisbrot | Posted 11.10.2016 | Politics
Mark Weisbrot

The polls were wrong, the unthinkable has happened, and Donald Trump has been elected the 45th president of the United States, with a Republican Congress.

European Authorities' Failed Economic Policies Hit Resistance in Spain

Mark Weisbrot | Posted 03.03.2017 | Home
Mark Weisbrot

The Spanish elections in December provided proof, if anyone needed it, that the fight over the economic and social future of Europe is far from over.

2016's Market Opening and Future Situation

Thaddeus McCarthy | Posted 01.10.2017 | Business
Thaddeus McCarthy

Carnage; that is the only word that can be used to describe the opening to the global stock-markets at the beginning of 2016. The S & P 500 index lost...

WSJ Editorial Page Watch: The Slow-Growth Fed?

Ben S. Bernanke | Posted 05.01.2016 | Business
Ben S. Bernanke

We shouldn't be giving up on monetary policy, which for the past few years has been pretty much the only game in town as far as economic policy goes. Instead, we should be looking for a better balance between monetary and other growth-promoting policies, including fiscal policy.

The Emerging Markets Housing Bubble

Jon Hartley | Posted 04.29.2015 | Business
Jon Hartley

While in most advanced economies, housing prices contracted for a prolonged period both during and after the crisis, in emerging markets, housing prices suffered brief declines, recovered quickly and have kept rising since.

Ukraine: Strategic Considerations

Andrei Kirilenko | Posted 11.17.2014 | Home
Andrei Kirilenko

The events of the last several months have revealed fundamental failures of the state: no effective military, no effective police or security forces, no effective governance structure, no effective macroeconomic management.

Winner Take All: Soaring Inequality in the U.S. and Why It Matters

Tim Koechlin | Posted 03.26.2014 | Politics
Tim Koechlin

For more than three decades, the U.S. has been suffering from a crisis of inequality. The Democrats have not taken this crisis seriously enough. The Republicans seem hell-bent on making it worse.

Rethinking Macroeconomic Policy

Olivier Blanchard | Posted 06.29.2013 | Business
Olivier Blanchard

Rethinking and reforms are both taking place. But we still do not know the final destination, be it for the redefinition of monetary policy, or the contours of financial regulation, or the role of macroprudential tools.

In Times of Consecutive Crises, Is Fiscal Policy the Answer?

Otaviano Canuto | Posted 12.20.2012 | Home
Otaviano Canuto

If teachers don't perform their duties in school and students don't learn, or roads are actually not constructed properly, fiscal policy will have little traction when it comes to growth and social welfare.

Fiscal Policy for Shared Prosperity

Otaviano Canuto | Posted 12.03.2012 | Home
Otaviano Canuto

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.

Forecasting for Failure

Evan Soltas | Posted 07.04.2012 | Business
Evan Soltas

The Congressional Budget Office is forecasting the slowest real recovery in the post-war era, and given trend inflation which does not rise above 2 percent, the slowest nominal recovery in the postwar era.

Desperately Seeking a Macroeconomic Theory That Really Works

Pierre Whalon | Posted 03.10.2012 | Business
Pierre Whalon

We are all actors in some economy. What kind of actors is, of course, one perennial and very personal question. What kind of economy is the other perennial question.

President Obama's (Hoped For) "Amaze Speech"

Brian Czech | Posted 10.08.2011 | Politics
Brian Czech

Fellow Americans, this evening I have a special message for you. It's an unprecedented and surprising message, but ultimately it will resonate with yo...

Managing Economic Policy in a Multipolar World

Otaviano Canuto | Posted 07.19.2011 | Business
Otaviano Canuto

It's no secret that current account imbalances exist around the world. In many cases, these imbalances may be benign and merely reflect market-driven ...

What Macroeconomic Announcements Will Drive Returns This April?

Irene Aldridge | Posted 06.04.2011 | Business
Irene Aldridge

April is full of economic activity: finally we're out of the winter doldrums and it's just before many people follow the old adage to "sell in May and go away."

A Balanced Debate About Reforming Macroeconomics

Joseph E. Stiglitz | Posted 05.25.2011 | Business
Joseph E. Stiglitz

There is large consensus among economists for the long run: central banks will focus on more than just inflation, especially financial stability; but there will be a real challenge in developing an integrated approach.

The Future of Macroeconomic Policy: Nine Tentative Conclusions

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

We've entered a brave new world in the wake of the crisis; a very different world in terms of policy making and we just have to accept it.

The Day After Tomorrow: Macro-Financial Policy Catches Up With Reality

Otaviano Canuto | Posted 05.25.2011 | Home
Otaviano Canuto

The search for financial stability, through regulatory or macroeconomic policy, is just beginning. Should developing countries wait for new global standards to emerge, or tailor their own regulatory strategies?

The Rut in India's Economic Highway

Raymond Baker | Posted 05.25.2011 | Home
Raymond Baker

As the Indian economy has improved, the amount of illicit money shifted to offshore financial centers has increased as well.

New Thinking on Macroprudential Regulations

Raj Nallari | Posted 05.25.2011 | Business
Raj Nallari

There is now a new thinking on how to reform the global financial system and how to reduce the vulnerability of the system to adverse changes in macroeconomic and market conditions.

Where Do We Go From Here?

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

The only sensible approach to investing is to buy into well-understood businesses when they are offered substantially below what they are worth, and to sell them as they approach intrinsic value.

The Yen, the Yuan and the Yunus

Jaime Pozuelo-Monfort | Posted 05.25.2011 | Business
Jaime Pozuelo-Monfort

A global currency would allow emerging economies to borrow in their own currency, avoid currency mismatches and the extreme poor can trade with each other without being exposed to currency risk.

Hans Jørgen Koch Explains Why IRENA Is "50 times More Than the IEA"

Lily Riahi | Posted 05.25.2011 | Green
Lily Riahi

Lily Riahi speaks with Hans Jørgen Koch about why we need the International Renewable Energy Agency (IRENA) especially given the existence of the International Energy Agency (IEA).

Symptoms and Solutions

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

We need a stimulus to prevent rapid and disorderly economic meltdown. We cannot aim to return to massive trade imbalances, huge government deficits, loose monetary policy, and debt based consumer spending.