Right-minded governments are providing Ukraine with military hardware and financial infusions, albeit some more generously than others, to enable the Ukrainians to fight back against Russian aggressio ...More
EJ Insight2022-10-12
Although uncertainty prevails in today’s global energy market, one thing has become clear: Governments are reasserting their central role. The motive is pragmatic rather than ideological, and the deta ...More
EJ Insight2022-10-10
Russia’s war in Ukraine is the most disruptive conflict that Europe has seen since 1945. While many in the West see a war of choice by Russian President Vladimir Putin, he says that NATO’s 2008 decisi ...More
EJ Insight2022-10-10
For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that central banks’ attempt to figh ...More
EJ Insight2022-10-07
Reactionary populism is now the biggest obstacle to tackling climate change. With outright climate denial no longer an option, populist politicians have increasingly positioned themselves as climate d ...More
EJ Insight2022-10-05
Following British Prime Minister Liz Truss’s “mini-budget” – a mishmash of policies ranging from Reaganomics-style tax cuts for corporations and the wealthy to an old-style socialist cap on energy pri ...More
EJ Insight2022-10-04
Soon after the 2020 presidential election, the incoming Biden administration set about mapping out its economic agenda. It took pains to avoid three mistakes. First, it was committed not to fall into ...More
EJ Insight2022-10-03
The United Kingdom has had a sobering ten days, with its economy, financial system, and citizens’ well-being suddenly at risk. But with rapid and coordinated action, policymakers can still salvage the ...More
EJ Insight2022-10-03
After earning my PhD in 1982, I spent the first 20 years of my professional career immersed in the tumultuous world of foreign-exchange markets. Today, current events are bringing back both happy and ...More
EJ Insight2022-09-30
Not so long ago, the far right in Europe was associated with shabby old men nostalgic for the good old days of order and jackboots. The far-right political parties in France and Italy, now led by wome ...More
EJ Insight2022-09-30
Financial markets’ reaction to the US Federal Reserve’s latest policy move was reminiscent more of developing countries than of the world’s most powerful economy. Given that the Fed is the world’s mos ...More
EJ Insight2022-09-29
When it was announced on September 13 that the consumer price index – a key measure of inflation – in the United States had increased more than expected in August, stock prices plunged and the US doll ...More
EJ Insight2022-09-29
Can a region as complex and fast-changing as Asia devise and implement a comprehensive development plan? The Jakarta-based Economic Research Institute for ASEAN and East Asia, which just released its ...More
EJ Insight2022-09-28
Walking down a Toronto street recently I saw an ad touting a fossil-fuel company’s net-zero credentials. But to see such belief-straining claims, I would not even need to leave my house. According to ...More
EJ Insight2022-09-27
Winter is fast approaching, and the next government will confront the tough task of protecting citizens and businesses while also setting Italy on a path to strengthen climate resilience and deliver i ...More
EJ Insight2022-09-24
Despite rampant inflation and slowing growth, the US dollar keeps going from strength to strength. Since May last year, the greenback has risen by 28% against the yen and 20% against the pound. It has ...More
EJ Insight2022-09-23
Make no mistake: We no longer live in a stable international rules-based order. The days of unipolarity and global liberalism are over, and we are now facing a confluence of shocks unlike anything mos ...More
EJ Insight2022-09-21
Over the past decade, the impact of environmental, social and governance (ESG) factors on investments has become widely considered by asset managers and investors. At the same time, there is an encour ...More
EJ Insight2022-09-21
As the world’s second-largest emitter of greenhouse gases, the United States is critical to preserving a livable planet. And with the recently enacted Inflation Reduction Act – which allocates hundred ...More
EJ Insight2022-09-19
There was a time, not so long ago, when an HIV diagnosis was a death sentence. AIDS, together with tuberculosis and malaria, killed millions of people and overwhelmed health systems worldwide – especi ...More
EJ Insight2022-09-16
