International Selection

Without price stability or productivity improvements, generous wage, fiscal, or monetary policies will be economically unsustainable. They will represent nothing but false promises. A column by Jim O’Neill.

Not only has the Biden administration misidentified the sources of inflation; it is even adding to the inflationary pressure. Many of its actions are detrimental to the environment. A column by Anne O. Krueger.

But it is reasonable to assume that Putin’s strategy is to hold on until Europe and the United States have lost the capacity or the will to continue supporting Ukraine and punishing Russia A column by Harold James.

The current supply-chain challenges are a consequence of forgetting that other considerations besides economic efficiency matter as well. A column by Diane Coyle.

In dealing with China, the West should attempt to build international dialogue and policy cooperation on a foundation of concrete common interests. A column by Paola Subacchi.

We should stop relying on optimistic scenarios and accept that budget deficits will have to be eliminated. Not now, but once inflation has been tamed. A column by Charles Wyplosz.

The West’s hopes in the 1990s that integrating Russia and China into the global economy would speed up domestic reform were an illusion. A column by Michael J. Boskin.

All creditor countries (including China) will need to come together to agree on an arrangement that delivers both improved economic performance and future debt sustainability in debtor countries. A column by Anne O. Krueger.

The Fed certainly bears its share of blame for the great inflation. But powerful political pressures and overly optimistic analyses of open-ended debt policy also played role. A column by Kenneth Rogoff.

In the atmosphere of total repression – now likened to the Stalin era – Russians who have not fled are falling in line. A column by Nina L. Khrushcheva.

Financial markets concur that an inflation-prone world is somehow gliding toward a soft landing. But is this scenario really supposed to play out without China? A column by Stephen S. Roach.

With luck, the risk of a synchronized global downturn will recede by late 2022. But for the moment, the odds of recession in Europe, the US, and China are significant and increasing. A column by Kenneth Rogoff.