International Selection

The key challenge confronting the economy in the next two years will be faced by the Fed, which must control the inflationary pressures that could emerge. A column by Martin Feldstein.

Behind the growth of wealth and inequality lies not just capital, but also knowhow. Thomas Piketty’s book does not take that into consideration. A column by Ricardo Hausmann.

To capitalize on the opportunities of digitization and the shift to knowledge-intensive trade, countries must invest in talent and infrastructure. A column by Laura Tyson.

It is difficult to see how either Britain or France can survive on the basis of nostalgia. Reforming both countries is as essential a task as reforming Europe’s creaky and complex political order. A column by Harold James.

Efforts to talk down the exchange rate accompanied by actual balance-sheet expansion by the central bank are likely to be good for the rest of the world. A column by Barry Eichengreen.

Since the 2008 global financial crisis, the romance between the Fed and the capital markets has become particularly intense. This relationship ought to change somewhat. A column by Mohamed A El-Erian

The problem is that a key component of technology is knowhow. Unlike devices and ideas, knowhow cannot just be imported by poorer countries. A column by Ricardo Hausmann.

The upcoming European Parliament election could be the wake-up call that pro-EU parties need. Property and wealth taxes are likely to become the foundation of a new political alignment. A column by Harold James.

The basic economic analysis that Gary Becker (1930–2014) developed was applicable everywhere, for everyone, and for all time. An obituary by Michael J. Boskin.

If the ECB wants to reduce the value of the euro and increase the eurozone’s near-term inflation rate, the only reliable way to do so may be by direct intervention in the currency market. A column by Martin Feldstein.

We are at a bifurcation point: Things can become really good at long last, but they can turn into outright disaster virtually overnight. A column by Charles Wyplosz.

There are two views of the future of the US-China economic relationship: one that sees only risk, and another that sees opportunity. A column by Stephen S. Roach