International Selection

No financial cycle lasts forever. But the one driving today’s recovery in the eurozone, including the peripheral countries that were hardest hit, may be set to persist for a while yet. A column by Daniel Gros.

Scott Mather, CIO U.S. Core Strategies and a managing director at Pimco, thinks that monetary policy normalization will be a game changer for financial and expects the return of volatility.

Alberto Gallo, portfolio manager and partner at the London-based asset manager Algebris Investments, doubts that central banks can normalize their policy without causing a correction.

The sense of inevitability could be dispelled by recent shifts in the internal politics of both the Conservative government and the Labour opposition. A column by Anatole Kaletsky.

Kenneth Rogoff, Professor of Public Policy at Harvard University, explains why the long economic slump is finally over and what the biggest risks for the future are.

Very soon, it will become more apparent just how quickly and easily the latest chapter in the Chinese success story will be written: Becoming an innovation leader. A column by Simon Johnson.

Bruce Kasman, Chief Economist of J.P. Morgan, sees the world economy in a powerful feedback loop which gives growth a boost. The economy has overcome a «post-traumatic stress syndrome».

While politics is not, at least for now, impeding global growth nearly as much as one might have thought, the long-run costs of political upheaval could be far more serious. A column by Kenneth Rogoff.

Central banks will need to pursue the great normalization gradually and avoid abrupt moves. They must maintain the balance of sustained moderate growth and low inflation. A column by Alexander Friedman.

Rolf Strauch, Chief Economist of the European Stability Mechanism ESM, on the debt burden in the Eurozone and regional stability mechanisms.

However tempting it may be to focus on our own immediate desires, it is imperative now that investors’ wishes take into account the big economic and policy picture. A column by Mohamed A. El-Erian.

The world must give up aspiring to economic growth so rapid that it is running down the world’s natural capital. A column by Edmund S. Phelps.