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Road runner populism

Populist economics has rarely had it so good. The US economy is roaring, the stock market is soaring, and the Trump administration’s protectionism has apparently had a negligible impact on growth. Tru ...More

EJ Insight2018-10-03

The First Bank of Starbucks

On August 3, Starbucks made an announcement which, though little noticed at the time, amounts to a potentially massive shift in the organization of finance. How did an international chain of coffee sh ...More

EJ Insight2018-10-03

從Trader心理談末日博士再發功

10月1日,周一。2008年爆發的金融海嘯,令敢於有咁淡唱咁淡的論者一夜成名,當中最具代表性的要數紐約大學斯特 ...全文

今日信報理財投資投資者日記畢老林2018年10月02日

「穩定貨幣」陷阱處處

雖然加密貨幣在全球掀起的熱潮已漸漸退卻,但新產品仍每天層出不窮。近期最惹人注目的莫過於「穩定貨幣」(Stabl ...全文

今日信報EJ GlobalEJ GLOBAL plus 彙編選輯Barry Eichengreen2018年09月29日

Chinese reform during a trade war

Last June, The Economist lamented that US President “Donald Trump is undermining the rules-based international order” as he seeks “short-term wins for America” at the cost of “long-term damage to the ...More

EJ Insight2018-09-28

Storm warning for the fossil fuel industry

This has been a year of extreme weather events, from the “Beast from the East” that froze much of the United Kingdom in March to Hurricane Florence on the US East Coast and Typhoon Mangkhut in the Phi ...More

EJ Insight2018-09-27

Trump's currency confusion continues

Next month, the US Department of the Treasury is due to submit to Congress its biannual report detailing which countries, if any, are manipulating their currencies to gain an unfair trade advantage. F ...More

EJ Insight2018-09-21

The emerging world's high achievers

Emerging economies are often grouped together as something of a monolith. But when it comes to economic performance, they diverge widely, with only some countries achieving rapid and relatively consis ...More

EJ Insight2018-09-19

Universal basic income or universal living wage?

A universal basic income (UBI) would be both regressive and prohibitively expensive. Yet the idea continues to attract a motley crew of tech and labor leaders, libertarians, and progressives, who fear ...More

EJ Insight2018-09-18

The makings of a 2020 recession and financial crisis

As we mark the decennial of the collapse of Lehman Brothers, there are still ongoing debates about the causes and consequences of the financial crisis, and whether the lessons needed to prepare for th ...More

EJ Insight2018-09-14

The global economy ten years after

Much will be said about the tenth anniversary of the 2008 financial crisis, so I will focus on the global economy, which has not been nearly as weak as many seem to think. According to the Internation ...More

EJ Insight2018-09-11

為了下一代 人人減排走多步

「全球氣候行動峰會」(Global Climate Action Summit)是全球最大的氣候問題應對峰會之 ...全文

今日信報EJ GlobalEJ GLOBAL plus 信觀點Anne Hidalgo Patricia Espinosa2018年09月08日

Final thoughts on secular stagnation

Joseph Stiglitz, Roger Farmer, and I are now and have long been in agreement on what are probably the most important points. The “New Keynesian” paradigm that sees business cycles as arising from temp ...More

EJ Insight2018-09-07

The regional costs of Venezuela’s collapse

As Venezuela’s great experiment with “Bolivarian” socialism implodes, it is creating a humanitarian and refugee crisis comparable to Europe in 2015. Traveling by bus, boat, and even on foot through tr ...More

EJ Insight2018-09-06

Secular stagnation revisited

  The public spat between Nobel laureate Joseph Stiglitz and former US Treasury Secretary Larry Summers is remarkable for the personal animosity that it reveals between two economists who essentially ...More

EJ Insight2018-09-05

What Lehman Brothers' failure means today

  So far this year, the world has marked the 50th anniversary of the Prague Spring (and its suppression), the centennial of the end of World War I, and the bicentennial of Karl Marx’s birth. Against t ...More

EJ Insight2018-09-05

Setting the record straight on secular stagnation

  Joseph Stiglitz recently dismissed the relevance of secular stagnation to the American economy, and in the process attacked (without naming me) my work in the administrations of Presidents Bill Clin ...More

EJ Insight2018-09-04

Europe’s populist fifth column

European security currently rests essentially on the NATO alliance and the principle of mutual defense, and on cooperation between national intelligence services working to prevent violence against pe ...More

EJ Insight2018-09-04

How cities are saving China

The world has a demand problem, and it is dealing with it all wrong. Rather than allowing itself to be harmed by other countries’ problematic policies, China must work to create its own demand by maki ...More

EJ Insight2018-08-29

The myth of secular stagnation

In the aftermath of the 2008 financial crisis, some economists argued that the United States, and perhaps the global economy, was suffering from "secular stagnation,” an idea first conceived in the af ...More

EJ Insight2018-08-29

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