International Selection

Although the economic costs of income inequality are substantial, the political costs may prove to be the most damaging and dangerous. A column by Laura Tyson.

The governance structure of the American central banking system is antiquated. The New York Fed is too close to Wall Street. Reforms are long overdue. A column by Simon Johnson.

As a society, the benefits we have received from information-age technology have been neutralized by the envy and spite that results from living in a world that is ever more unequal. A column by J. Bradford DeLong.

A price of $60 a barrel would create severe problems for Russia in particular. By contrast, it is obvious that oil-importing countries would benefit greatly – as they already are. A column by Martin Feldstein

With the recent monetary easing, Beijing is drawing a line in the sand to prevent an excessive drop in growth, because a cyclical disruption might threaten the longer-term structural reforms. A column by Stephen S. Roach.

Lord Adair Turner, former head of the Financial Services Authority, recommends a debt monetisation to Japan and the Eurozone. Central banks would wipe out part of the government debt.

The EU-Commission must make its choice: either explain why the SGP rules must be followed even now, in the face of deflation, or argue that the current environment calls for a fiscal stimulus. A column by Daniel Gros.

The editor of the influential investment newsletter «The High-Tech Strategist» warns of trouble in semiconductor stocks and spots bright investment opportunities in gold miners.

The US dollar’s resurgence, while promising, is only a first step. It is up to governments to ensure that the currency re-alignment supports a balanced, stable, sustainable economic recovery. A column by Mohamed A. El-Erian.

Mexico is poised to become Latin America’s economic star. The government’s reform of the energy sector will contribute to economic performance by reducing the cost of manufacturing. A column by Martin Feldstein.

The news bubble is a problem, because it reinforces the idea that central bankers somehow care disproportionately about financial markets, which is generally not the case. A column by Kenneth Rogoff.

The larger the city, the higher the average wage, productivity level, number of patents per person, crime rate, prevalence of anxiety, and incidence of HIV. A column by Carlo Ratti.