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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

The climate fight’s next turning point

Next month, the Global Climate Action Summit – one of the largest international gatherings on climate change the world has seen – will be held in San Francisco. The event, whose theme is “Take Ambitio ...More

EJ Insight2018-08-29

The depth of the next US recession

The United States economy is doing well. But the next recession – and there is always another recession – could be very bad. The US Bureau of Economic Analysis estimates that GDP growth in the second ...More

EJ Insight2018-08-28

Trump's strong-dollar weakness

Having gained more than 8 percent in value since the start of the year, the US dollar is nearing highs not seen in more than a decade, and market indicators point to even more appreciation in the comi ...More

EJ Insight2018-08-23

Putin overplays his hand

The Kremlin’s foreign policy increasingly seems to rest on the assumption that all countries are as corruptible as Vladimir Putin’s Russia. This was evident most recently in Russia’s alleged efforts t ...More

EJ Insight2018-08-21

The Turkish emerging market timebomb

Turkey's falling currency and deteriorating financial conditions lend credence, at least for some people, to the notion that "a crisis is a terrible thing to waste.” I suspect that many Western policy ...More

EJ Insight2018-08-15

Europe's Google fines cross the line

The European Union’s regulatory bodies seem to be particularly hostile to Google. In June 2017, the European Commission fined the company 2.42 billion euro (US$2.75 billion) for breaching EU antitrust ...More

EJ Insight2018-08-14

人人平等 ?

上個月,我受邀在約克創意節上發言,這是一個主要討論非傳統進步性政策目標的年度論壇。我談到了自己在資產價格穩定方 ...全文

今日信報理財投資博集先機Roger E.A. Farmer2018年08月13日

美國不作為 中國「長臂」越重洋

美國防長馬蒂斯(Jim Mattis)月前批評中國在南海「恐嚇和脅迫」(Intimidation and Co ...全文

今日信報EJ GlobalEJ GLOBAL plus 彙編選輯Brahma Chellaney2018年08月11日

Global politics for a globalized economy

From the end of World War II to the mid-2010s, economic globalization progressed relentlessly through expanded trade, proliferating capital flows, faster (and cheaper) communication, and, to a lesser ...More

EJ Insight2018-08-08

Putting FDI on the G20 agenda

While much of the world's attention is focused on the economic damage being wrought by US President Donald Trump’s trade wars, global trade’s twin – foreign direct investment – has largely been neglec ...More

EJ Insight2018-08-06

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