International Selection

The proliferation of calls for devolution, secession, and independence is but one manifestation of a tectonic shift. A column by Michael J. Boskin.

James Montier, member of the asset allocation team at Boston-based GMO, has a hard time finding attractively valued assets these days. His advice to investors: Cash – and lots of patience.

The Federal Reserve and the FDIC should move immediately to force the megabanks to become much simpler legal entities. A column by Simon Johnson.

Paul De Grauwe, Professor of Economics at the London School of Economics, says that European politicians are in a state of denial.

The really important target for any country starting an adjustment program with a double-digit current-account deficit must be export growth. Missing this target is what sets Greece apart. A column by Daniel Gros.

Recently published transcripts of 2008 meetings of the Federal Open Market Committee reveal that the Fed has effectively emerged from the crisis as the world’s central bank. A column by Harold James.

Will each future generation continue to enjoy a better quality of life than its immediate predecessor? In developing countries, the answer is almost certainly yes. In advanced economies, the challenges are becoming formidable. A column by Kenneth Rogoff.

The rising inequality all over the world led to surplus savings and favors idle, speculative investments. Thereby shifting the crisis' focus towards emerging markets. A column by Michael Pettis.

Howard Marks, chairman of the U.S. investment firm Oaktree Capital, sees more room to run for stocks. But at the same time he warns that from now on, a higher level of caution is appropriate.

Joseph Stiglitz, Nobel laureate in Economics, calls for the end of anti-growth austerity in the eurozone and explains how inequality in the US is impeding economic growth.

Europe's monetary house is not stable enough to resist the next rainstorm. There should be a fiscal union to complement the monetary union. A comment by Barry Eichengreen

John Taylor, the highly regarded professor of economics at Stanford University and inventor of the Taylor Rule, thinks it’s crucial that the Federal Reserve is winding down its unconventional monetary policy and sticks to its plan to terminate the QE3 program.