Comment

A further escalation of the trade war might disrupt consumption, or a spike in the price of oil could tip the global economy into recession. A column by Raghuram G. Rajan.

Just as we do not use auctions to allocate transplant organs, nonmarket principles are needed to manage transportation. A column by Ricardo Hausmann.

President Xi wants China to be a «modern socialist country» with an advanced economy by the time the People’s Republic celebrates its centenary in 2049. But Hong Kong is a risk. A column by Minxin Pei.

Libra is probably not the answer to the coming disruption posed by government-sanctioned digital currencies from China. But Western governments must evaluate their response now. A column by Kenneth Rogoff.

The defenders of capitalism need to figure out how to make the system more inclusive, so that it can claim the public’s support once again. A column by Harold James.

For the first time in a long while, competition is coming to central banks. With a bit of luck, consumers may end up with a better deal. A column by Simon Johnson.

Many politicians, especially in Europe, still refuse to recognize that the monetarist era is over and that Keynesian demand management is the only alternative. A column by Anatole Kaletsky.

The challenge of separatism in Catalonia, devised against and outside Spain’s constitutional framework, is a challenge for Europe and Europeans. A column by Pedro Sánchez.

As Artificial Intelligence, AI, contributes to faster GDP growth, social welfare is also likely to increase. For all its potential, however, AI also poses challenges that need to be addressed. A column by James Manyika.

Policymakers have little appetite for fundamental reforms and limited room for effective macroeconomic stimulus, and thus seem at a loss for ways to revive growth. A column by Eswar Prasad.

Although corruption is more of a symptom than a cause of Ukraine’s problems, the culture of corruption must be uprooted before conditions can improve. A column by Daron Acemoglu.

Shortly before leaving office, ECB-head Mario Draghi is under fire internally. Are his opponents trying to prepare a renaissance of the «German» view on monetary policies? A column by Charles Wyplosz.