The euro area economy is in a real bind, as Mario Draghi admitted at European Central Bank (ECB) summit in Portugal. So he won’t have been too thrilled that his suggestions on how to respond were subject to a rapid and damning response from the world’s most famous Twitter account. “Mario Draghi just announced more stimulus could come, which immediately ...

Last week, the New York State Assembly passed the most aggressive clean-energy target in the United States, requiring New York to get 100 percent of its electricity from zero-emissions sources by 2040. Governor Andrew Cuomo, who is expected to sign the bill into law, called it “the most aggressive in the country.” On the other side of the country, Oregon’s ...

Yields on German government bonds last week ventured deeper into the uncharted territory of negative nominal levels, triggering various direct and indirect market reactions. More subtly, this reinforces a trend of the past decade: Advanced countries are behaving more like emerging economies in certain ways. This does not mean that these countries are converging down towards their less prosperous and ...