The phenomenal market volatility of the past year owes much to genuine risks and uncertainties about factors such as Chinese growth, European banks and the oil glut. For the first two months of this y ...More
EJ Insight2016-03-11
自今年年初以來，人民幣大幅貶值的預期已經成為了高懸於全球市場頭上的達摩克利斯之劍（The Sword of D ...全文
名家論壇Project Syndicate2016年02月26日
直到最近，宏觀經濟學家的慣常思維仍是短期天氣波動對經濟活動影響不大。如果3月份的天氣異常地溫暖，那麼建築業也許 ...全文
名家論壇Project Syndicate2016年02月15日
Since 2016 began, the prospect of a major devaluation of China’s renminbi has been hanging over global markets like the Sword of Damocles. No other source of policy uncertainty has been as destabilizi ...More
EJ Insight2016-02-03
Until recently, the usual thinking among macroeconomists has been that short-term weather fluctuations don’t matter much for economic activity. Construction hiring may be stronger than usual in March ...More
EJ Insight2016-01-12
2015年最大的經濟意外是全球石油價格暴跌並沒有為全球增長帶來更大的提振。儘管油價從2014年6月的每桶115 ...全文
名家論壇Project Syndicate2016年01月08日
Nothing describes the US Federal Reserve’s current communication policy better than the old saying that a camel is a horse designed by committee. Various members of the Fed’s policy-setting Federal Op ...More
EJ Insight2015-11-05
What impact will China’s slowdown have on the red-hot contemporary art market? That might not seem like an obvious question until one considers that for emerging-market investors, art has become a cri ...More
EJ Insight2015-09-07
To what extent should governments regulate or tax addictive behavior? This question has long framed public debate about alcohol, tobacco, gambling and other goods and services in many countries worldw ...More
EJ Insight2015-06-15
With China set to lead a new US$50 billion international financial institution, the Asian Infrastructure Investment Bank (AIIB), most of the debate has centered on the United States’ futile efforts to ...More
EJ Insight2015-04-08
Financial markets have greeted the election of Greece’s new far-left government in predictable fashion. However, although the Syriza party’s victory sent Greek equities and bonds plummeting, there is ...More
EJ Insight2015-02-03
With Western economic sanctions against Russia, Iran and Cuba in the news, it is a good time to take stock of the debate on just how well such measures work. The short answer is that economic sanction ...More
EJ Insight2015-01-05
Japanese Prime Minister Shinzo Abe’s recent policy decisions -- increase monetary stimulus dramatically, postpone a consumption-tax increase and call a snap election in mid-December -- have returned h ...More
EJ Insight2014-12-08
Why do the comments of major economies' central bankers command outsize attention nowadays? It is not as if they change interest rates all of the time. Nor have they developed new, more robust models ...More
EJ Insight2014-11-14
Is the era of high inflation gone forever? In a world of slow growth, high debt and tremendous distributional pressures, whether inflation is dead or merely dormant is an important question. Yes, mass ...More
EJ Insight2014-09-03
Eurozone leaders continue to debate how best to reinvigorate economic growth, with French and Italian leaders now arguing that the eurozone’s rigid “fiscal compact” should be loosened. Meanwhile, the ...More
EJ Insight2014-07-11
For some time now, there has been concern that central bankers have “run out of bullets”. Having lowered their policy rates to near zero, they have engaged in increasingly extravagant measures such as ...More
EJ Insight2014-06-06
Reading Thomas Piketty’s influential new book, Capital in the Twenty-First Century, one might conclude that the world has not been this unequal since the days of robber barons and kings. That is odd, ...More
EJ Insight2014-05-15
