Recent Posts

IMF’s new chief economist a great choice

Having followed Gita Gopinath’s work closely for several years, I am delighted the International Monetary Fund appointed her to head its influential research department as chief economist. Gopinath, a professor of International Studies and Economics at Harvard University and co-director of the International Finance and Macroeconomics program at the National Bureau of Economic Research, brings expertise, insights and cognitive diversity ...

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Central banks can’t save you in the next recession

EWarning: Steep grade ahead. When the US economic expansion reverses, and when emerging markets start to slip faster, the world’s central banks may not be able to help. Of course, the next recession may not be another “great recession.” And I’m not predicting it’s imminent. For now the Federal Reserve is continuing to raise interest rates on schedule, and Europe ...

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The European court ruling that could break internet

Early next year, the European Union’s highest court is expected to rule on one of the internet’s most controversial topics: the right to be forgotten. The judges should curb their ambition, lest they open a can of worms that will spill well beyond Europe. The right, enshrined in privacy law, allows Europeans to demand that information about them be removed ...

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