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Europe's claim to care about inequality more than the United States is pure hypocrisy - as long as it continues to be so anti-immigrant
It is far from clear that the Chinese model of infrastructure development can be exported universally
Low interest rates worldwide are more than symptoms of deficient demand or financial repression
Although such restrictions can be an essential way to demonstrate moral resolve, their economic effects are usually modest
If Abenomics 2.0 fails to embrace deep structural reform, it will fare no better than the original
Much discussion of central-bank pronouncements and decisions grossly exaggerates their economic significance
The idea that controlled tightening is easier in a more centrally planned economy, where policy makers must rely on far noisier market signals, is highly questionable
No matter how much central banks may present inflation levels as technocratic decision, it is a social choice
Argentina's latest debt trauma shows that the global system for sovereign-debt workouts remains badly in need of repair
Structural reforms and fiscal austerity fall far short of being a complete solution to Europe's debt problems
The capitalist system has had an impressive three decades when it comes to reducing inequality
Germany's big current-account surplus is not a problem with a simple solution
Advanced economies trying to raise living standards face challenges greater than ever before
Today's drama actually reflects the shock absorbers of flexible exchange rates at work
A new book warns development assistance must not stand in the way of organic forces that could deliver long-term change
The author asks what exactly ails the world's advanced economies
Advanced countries have implemented very little fundamental tax reform so far. Many governments are giving in to higher marginal tax rates
The wrangling between the US president and the legislature will only harm the dollar, and global financial stability