International Selection

Central banks must serve notice to governments that they no longer can be relied upon to do all the heavy lifting. It is about being ready for when the next shock hits. A column by Charles Wyplosz.

Having Janet Yellen as a treasury secretary who supports the move to a clear, predictable, systematic, rules-based monetary strategy will be most welcome. A column by John B. Taylor.

For a still vulnerable US economy now in the grips of predictable aftershocks, the case for a relapse, or a double-dip, before mid-2021 is compelling. A column by Stephen S. Roach.

The investor in new debt needs to be confident that the government’s current and future tax revenues will be sufficient to repay its accumulated debt. A column by Raghuram G. Rajan.

Europeean governments should change tack by inducing restaurant, bar, and shop owners to take a paid vacation, rather than ordering them to close. A column by Daniel Gros.

Reversing the policy mistakes committed by the Trump administration will be necessary to restore US leadership in the global economy. A column by Anne O. Krueger.

The health crisis will leave a mark on future generations and might lead to more inequality and less social mobility. This calls for government support in the field of public education. A column by Fabrizio Zilibotti.

Beijing-based economist Michael Pettis explains why ideas about trade benefits are outdated and why saving imbalances are the real problem. The pandemic has made everything worse.

In the short to medium term, the dollar certainly could rise more, but it’s worth remembering that economic traumas such as we are now experiencing often prove to be turning points. A column by Kenneth Rogoff.

President Biden can help make the world a safer and more prosperous place given four years, but that’s different from saying that he can quickly end the recession and the pandemic. A column by Barry Eichengreen.

The US, the EU, and Japan must finally produce effective strategies to free themselves from China’s resource grip. A column by Sophia Kalantzakos.

The improvements needed to raise an entire economy’s productivity require coordinated, collective action. But this is difficult to achieve. A column by Diane Coyle.