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Government debt is not a free lunch

With interest rates on government debt at multi-decade lows, a number of leading economists have argued that almost every advanced economy can allow debt to drift up toward Japanese levels (over 150 p ...More

EJ Insight2019-12-09

Measuring growth democratically

Abhijit Banerjee and Esther Duflo, two of this year’s recipients of the Nobel Memorial Prize in Economic Sciences, are the latest among leading economists to remind us that gross domestic product is a ...More

EJ Insight2019-12-09

監管制度歐緊美鬆 英倫艱難抉擇

假設英國脫離歐盟,那麼下一屆政府就需要開始漫長而艱辛的談判,來與其他國家和地區建立新關係。英國將面臨一些艱難抉 ...全文

今日信報EJ GlobalEJ GLOBAL plus 彙編選輯Ngaire Woods2019年12月07日

What’s behind the crisis of democracy?

There is no longer any denying that democracy is at risk worldwide. Many people doubt that democracy is working for them, or that it is working properly at all. Elections don’t seem to yield real-worl ...More

EJ Insight2019-12-05

The billionaire problem

Our billionaire problem is getting worse. Any market-oriented economy creates opportunities for new fortunes to be built, including through innovation. More innovation is likely to take place where fe ...More

EJ Insight2019-12-02

Climate adaptation now

As world leaders gather in Madrid for the United Nations Climate Change Conference (COP25), they must address more than future targets for reducing greenhouse-gas emissions. They must also address the ...More

EJ Insight2019-11-29

The case for old-fashioned tariff cuts

The "bicycle theory" used to be a metaphor for international trade policy. Just as standing still on a bicycle is not an option – one must keep moving forward or else fall over – so it was said that t ...More

EJ Insight2019-11-28

Can Hong Kong avoid tragedy?

Nearly six months after they began, the protests in our city have reached fever pitch. On one particularly devastating day earlier this month, police fired more than 1,500 rounds of tear gas, a police ...More

EJ Insight2019-11-27

What next for unconventional monetary policies?

The Bank for International Settlements (BIS), the central bankers’ club in Basel, Switzerland, recently conducted an in-depth evaluation of the unconventional monetary policies that have become the no ...More

EJ Insight2019-11-21

Why financial markets’ new exuberance is irrational

This past May and August, escalations in the trade and technology conflict between the United States and China rattled stock markets and pushed bond yields to historic lows. But that was then: since t ...More

EJ Insight2019-11-21

Green markets for equitable growth

The climate crisis and the 2008 financial crisis are two sides of the same coin. Both were born of the same toxic feature of the world’s prevailing economic model: the practice of discounting the futu ...More

EJ Insight2019-11-15

A living wage for capitalism

At 3.6 percent, unemployment in the United States remains near its lowest level since the late 1960s. There are even signs that people who had previously dropped out of the labor force are being attra ...More

EJ Insight2019-11-15

The high stakes of the coming digital currency war

Facebook CEO Mark Zuckerberg was at least half right when he recently told the United States Congress that there is no US monopoly on regulation of next-generation payments technology. You may not lik ...More

EJ Insight2019-11-12

Is the global dollar in jeopardy?

Since the end of World War II, the United States dollar has been at the heart of international finance and trade. Over the decades, and despite the many ups and downs of the global economy, the dollar ...More

EJ Insight2019-11-11

Why the plastic crisis matters

Plastics have become a hot topic. News stories about plastic on beaches and in the oceans abound, and policymakers have begun to respond with bans or limitations on plastic bags and single-use plastic ...More

EJ Insight2019-11-07

The New Anti-Capitalism

We are currently living through the most dramatic technological and economic transformation in the history of mankind. We are also witnessing declining support for capitalism around the world. Are the ...More

EJ Insight2019-11-07

通貝里時刻─引領600萬學子罷課

透過堵塞道路的不合作運動,要求政府正視問題的抗爭手法漸在國際間流行,圖中是柏林波茨坦廣場,示威者橫臥路中,阻斷 ...全文

今日信報EJ GlobalEJ GLOBAL plus 彙編選輯Peter Singer2019年11月02日

The allure and limits of monetized fiscal deficits

A cloud of gloom hovered over the International Monetary Fund’s annual meeting this month. With the global economy experiencing a synchronized slowdown, any number of tail risks could bring on an outr ...More

EJ Insight2019-10-29

China adjusts to the New World Order

On October 1, the People’s Republic of China celebrated the 70th anniversary of its founding with impressive military and civilian parades meant to showcase the extraordinary progress the country has ...More

EJ Insight2019-10-29

脫歐《紙牌屋》──戲劇跟不上現實

英國歷時已久的脫歐過程又有新章。但英國首相約翰遜是已經成竹在胸,有一份新的、對英國更有利的脫歐協議──還是他僅 ...全文

今日信報EJ GlobalEJ GLOBAL plus 彙編選輯Mark Malloch-Brown2019年10月26日

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