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Inflation expectations: The 1970s revisited?

There has been much talk lately of a return to 1970s economic conditions. Here in the United Kingdom, year-on-year inflation reached 9.1% in May, and disruptive labor strikes are dominating the headli ...More

EJ Insight2022-06-28

The EU’s carbon border tax could hurt developing countries

In July 2021, the European Commission did something that no other major governing body had ever attempted: It tied trade policy to climate policy. Reaching the European Union’s goal of cutting net gre ...More

EJ Insight2022-06-27

The coming green hydrogen revolution

Human-induced climate change is causing dangerous and widespread environmental disruption and affecting the lives of billions of people around the world. According to the Intergovernmental Panel on Cl ...More

EJ Insight2022-06-23

Does international trade weaken countries’ resilience?

Leading economies have been afflicted with new problems over the past year. The United States is struggling with both supply-chain blockages and a critical shortage of baby formula. The European Union ...More

EJ Insight2022-06-21

Climate-impact disclosure is common sense

I spend most days advocating for action that could be considered radical. But today, I am advocating for plain common sense. In March, the US Securities and Exchange Commission proposed a new rule tha ...More

EJ Insight2022-06-21

How the US could lose the new cold war

The United States appears to have entered a new cold war with both China and Russia. And US leaders’ portrayal of the confrontation as one between democracy and authoritarianism fails the smell test, ...More

EJ Insight2022-06-20

Today’s crises are different

Just as one generation gives way to the next, global challenges are superseded by a new cohort. The once-in-a-century COVID-19 pandemic – and the risk that other dangerous new viruses may emerge at an ...More

EJ Insight2022-06-17

Eight lessons from the Ukraine war

When Russian President Vladimir Putin ordered his invasion of Ukraine on February 24, he envisaged a quick seizure of Kyiv and a change of government analogous to Soviet interventions in Budapest in 1 ...More

EJ Insight2022-06-17

New financial conditions, same climate calculus

In its most recent assessment, the Intergovernmental Panel on Climate Change offered a comprehensive outline of what it will take to keep global warming below 1.5° Celsius, relative to pre-industrial ...More

EJ Insight2022-06-16

Why the US Federal Reserve’s options are limited

What policy will the US Federal Reserve announce after the Federal Open Market Committee’s two-day meeting this week, and what policy should it announce? The first question is easy: There is a high pr ...More

EJ Insight2022-06-15

Economic consequences of a Ukraine peace

Russia’s war on Ukraine shows no sign of ending, but it is not too soon to start thinking about how to ensure postwar Ukraine’s stability, prosperity, and security. Already, two discussions are occurr ...More

EJ Insight2022-06-14

Central banks still far behind the inflation curve

Major central banks have lost the plot when it comes to fulfilling their price-stability mandates. In April, 12-month US consumer price index (CPI) inflation was at 8.3%, down slightly from 8.5% in Ma ...More

EJ Insight2022-06-13

Can nuclear energy come back from the grave?

Nuclear power has been in decline since the Fukushima disaster in Japan more than a decade ago, but it may be poised for a comeback. Russia’s invasion of Ukraine and soaring natural-gas prices have le ...More

EJ Insight2022-06-10

Stop blaming the Russian soul

In an interesting recent article in the Times Literary Supplement, the Ukrainian novelist, essayist, and poet Oksana Zabuzhko took Western readers to task for not recognizing Russia’s barbarism. Too m ...More

EJ Insight2022-06-09

What’s the crypto regulation endgame?

With cryptocurrency prices plummeting as central banks start to raise interest rates, many are wondering if this is the beginning of the end of the bubble. Perhaps not yet. But a higher opportunity co ...More

EJ Insight2022-06-08

Surviving a future of extreme heat

Although nearly all heat-related deaths are preventable, heatwaves kill thousands of people worldwide every year. At this very moment, an extreme heatwave in India and Pakistan, affecting about one bi ...More

EJ Insight2022-06-08

What biotech innovation needs

The COVID-19 pandemic has reshaped attitudes toward public health, fiscal policy, and the state’s role in the economy. Demands for greater supply-chain resilience and strategic autonomy in developing ...More

EJ Insight2022-06-07

The global economy in transition

Recent conversations about the global economy and markets have been defined by a set of recurring questions. While there are many moving parts that are difficult to capture in a single clear picture, ...More

EJ Insight2022-06-07

Getting deglobalization right

The World Economic Forum’s first meeting in more than two years was markedly different from the many previous Davos conferences that I have attended since 1995. It was not just that the bright snow an ...More

EJ Insight2022-06-03

What if Ukraine is a forever crisis?

Russia’s attack on Ukraine is coming to resemble many previous geopolitical crises. Throughout history, episodes that initially seemed like temporary disruptions have become prolonged affairs. What st ...More

EJ Insight2022-06-02

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