Comment

If the United Kingdom exits now, its options become severely limited. In particular, future changes to its relationship with the European Union would be difficult to negotiate. A column by Michael J. Boskin.

Developed-economy central banks should overcome their irrational fear of a deflationary spiral, and stop trying desperately to stimulate demand. A column by Daniel Gros.

It is difficult to expect elderly people to put the interests of future generations first. For now, the safety valve provided by labor mobility may rule out a youth revolt. A column by Harold James.

The German property boom could be reined in with a jump in interest rates. But the ECB is heading in the opposite direction. If the bubble bursts, the effects could be dire for the euro. A column by Hans-Werner Sinn.

Republican presidential candidate Donald Trump speaks out against free trade, an so does the democratic contender Bernie Sanders. This is a recipe for disaster. A column by Kenneth Rogoff.

Countries with fiscal room for maneuver should use it. Those lacking fiscal space can agree to use monetary stimulus more aggressively, while others need to implement reforms. A column by Barry Eichengreen.

The consequences of leaving the EU are uncertain. The most pragmatic choice would be to remain in the EU, at least for now, thereby preserving the option of voting again later. A column by Mohamed A. El-Erian.

A quarter century after the collapse of the Soviet empire, of all countries its two most unruly former satellites are turning to authoritarianism Putin-style. A column by Nina Khrushcheva.

There is not much to gain for the UK by leaving the EU, whereas significant adverse impacts on the British economy seem to be much more likely. A column by Simon Johnson.

Terrorists and criminals are close relatives. Thus, to fight organised crime is, indirectly, to fight terrorism. An important step ist to legalize drug dealing and prostitution. A column by Victoria Curzon Price.

The emphasis on boosting domestic demand – long the focus of China’s consumer-led rebalancing strategy – seems to have been downgraded. That doesn't augur well. A column by Stephen S. Roach.

The West must not allow the sanction regime to crumble and the Minsk process to slide into irrelevance. If it does, the outcome will be a potentially explosive low-level conflict. A column by Carl Bildt.