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
