International Selection

Central banks might be concerned about the loss of credibility implied by not reaching inflation targets. Or are they more concerned about growth, or about government budgets? A column by Martin Feldstein.

Unless Greece boosts exports, spending cuts will amplify the output loss in the same way that Keynesian multipliers amplified the output gain from borrowing. A column by Ricardo Hausmann.

Europe's challenge is stagnation and rising public-sector fiscal pressures in bloated welfare states. Restoring growth, opportunity, prosperity, and financial stability will require bold solutions. A column by Michael Boskin.

James Bianco, President of Bianco Research, cautions about the unintended consequences of the new European stimulus program and doesn’t think that the Federal Reserve is going to raise interest rates this year.

American policymakers should bear in mind that other countries are using carrots, not sticks, to compete for the activities and income of global companies. America should do likewise. A column by Laura Tyson.

An atmosphere in which unlawful deeds become heroic acts was a signature feature of Stalin’s rule. That stifling dynamic has returned under Putin. A column by Nina Khrushcheva.

China's exports are sagging, and the risk of deflation is growing. Many suggest that a policy to weaken the renminbi is the most logical course. That would be a serious mistake. A column by Stephen S. Roach.

Richard Koo, chief economist of the Nomura Research Institute, wants Europe to learn from the Japanese experience. To remove fiscal stimulus too early could produce devastating results.

Switzerland is not the first country to discover the problem of large central bank assets, but is likely to be the first country where the problem will be dealt with. A column by Charles Wyplosz.

Only by finding ways to put true value on the goods we produce will we be able to sustain a middle-class society. A column by J. Bradford DeLong.

Zvyagintsev’s «Leviathan» and Eastwood’s «American Sniper» are representative films: Each captures the essence of why Russia and the US seem doomed to wage a new Cold War. A column by Nina L. Khrushcheva.

Unless action is taken, antimicrobial resistance will kill ten million people a year by 2050. It will also have a cumulative cost of at least $100 trillion, more than 1.5 times today’s annual global GDP. A column by Jim O’Neill.