Xavier Vives
Thursday, Jan 09, 2020

After enduring two general elections in 2019, Spain now has its first coalition government since the death of Generalísimo Francisco Franco. Led by Prime Minister Pedro Sánchez of the Socialists and Pablo Iglesias of the radical left Podemos, the coalition was forged with the explicit support of the Basque Nationalist Party (PNV), and with a crucial negotiated abstention on the part of the pro-independence Republican Left of Catalonia (ERC).

Erik Berglöf
Friday, Jan 03, 2020

For more than a decade, China has been haunted by the prospect of getting stuck at an income level below that of the developed world (the “middle-income trap”). But the country’s economy is well on its way to eliminating this fear: growth has been faster and driven by more innovation than in most other middle-income countries. And yet, a key aspect of China’s growth model, the economy’s integration into global value chains, is now being undermined from several directions. How China responds to this challenge will shape the speed and nature of its own growth and that of the global economy.

Willem H. Buiter
Friday, Jan 03, 2020

Central banks confronted with the issue of climate change face a number of questions. Should monetary policymakers (and other financial regulators and supervisors) focus on the implications of climate change for financial stability? Should they treat climate change as a potential threat to their ability to pursue their macroeconomic mandates of full employment and/or price stability? Should mitigating the adverse consequences of climate change become an explicit monetary-policy objective?

Monday, Dec 30, 2019

For women, pregnancy is the perfect time for smoking cessation. You will have more energy and feel better throughout your pregnancy. You will immensely reduce your risk of future health conditions like cancer, heart disease, and other lung problems. outweighs the unknown risk of potential smoking and nicotine replacement.

 Project Syndicate
Sunday, Dec 29, 2019

In Santiago, Chile, a massive graffito by the exit ramp of a brand-new, privately-built urban freeway reads: “Marx was right!” Indeed, capitalist development begets its own contradictions, as the scribbling itself attests.

Adair Turner
Sunday, Dec 29, 2019

The 2010s may be remembered as the decade when the fight against harmful climate change was lost. In 2015, at the COP21 climate conference in Paris, 196 countries agreed to limit global warming to well below 2°C above pre-industrial levels. But global greenhouse gas (GHG) emissions have continued to increase, atmospheric concentrations of carbon dioxide are at their highest levels in 800,000 years, and current policies will likely result in warming of about 3°C by 2100. Moreover, the recent COP25 negotiations in Madrid ended in failure, with governments squabbling over the value and allocation of “carbon credits” held over from a discredited previous policy regime.

Prof. Ujjwal K Chowdhury
Thursday, Dec 19, 2019

Sarfaroshi Ki Tamanna is a patriotic poem written in Urdu by Bismil Azimabadi of Patna in 1921, and then it was also immortalised by Ram Prasad Bismil as a freedom war cry during the British Raj. The poem was written as an ode to young freedom fighters of the Indian independence movement.

Prof. Ujjwal K Chowdhury
Thursday, Dec 05, 2019

Like in most cases of oft-repeated concepts and jargon, this one also has various definitions. Some would consider new methods for alliance creation as innovation, newer ways of collaboration. Some would call it "A new idea, creative thoughts, new imaginations in form of device or method". Some would define innovation as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. Introducing or implementing new ideas or methods would often be called an innovation; or the process that involves multiple activities to uncover new ways to do things.

 Project Syndicate
Thursday, Dec 05, 2019

Until recently, two big impediments limited what research economists could learn about the world with the powerful methods that mathematicians and statisticians, starting in the early nineteenth century, developed to recognize and interpret patterns in noisy data: Data sets were small and costly, and computers were slow and expensive. So it is natural that as gains in computing power have dramatically reduced these impediments, economists have rushed to use big data and artificial intelligence to help them spot patterns in all sorts of activities and outcomes.

Gordon Brown and Anant Agarwal
Tuesday, Dec 03, 2019

In 2007, Harvard University economists Claudia Goldin and Lawrence F. Katz published The Race Between Education and Technology. America’s once-great education system, Goldin and Katz argued, was failing to keep pace with technological change and the economic disparity that comes with it. Even more concerning, they would likely make the same argument today. As we enter the third decade of this century, students in the United States and around the world are struggling to get an education that prepares them for a rapidly changing workplace.

Andrés Velasco
Monday, Dec 02, 2019

How can we know if an economic policy is achieving its stated objective? Well, we can create two similar groups, randomly allocate the “treatment” to only one of them and measure the results. By comparing the groups, we will obtain a reliable estimate of how effective the policy is.

Prof. Ujjwal K Chowdhury
Wednesday, Nov 27, 2019

Interim government of Maharashtra headed by Devendra Fadnavis and Ajit Pawar formed through a fateful night, some nights ago, has ceased to exist today with the top two shenanigans submitting resignation. The stage is set for a non-BJP government. What are the lessons from this month-long drama full of intrigue and twists?

Thursday, Nov 21, 2019

The eurozone faces immense economic challenges. Germany and the Netherlands – which together account for 35% of the monetary union’s GDP and have ample fiscal space – should take the lead in tackling them.

Huw van Steenis
Thursday, Nov 14, 2019

How radically will digital currencies change our methods of exchange and the way that we think about money? With innovation in digital payments barreling ahead, these questions are now commanding the attention of the World Economic Forum and other international institutions.

Wednesday, Nov 13, 2019

Europe’s political forces are divided between those who regard the European Union as promoting unfair, inefficient neoliberal economic policies and those who see the bloc as key to preserving the relatively equitable and inclusive “European social model.” Yet the recent European Parliament election featured little debate about this model and generated few ideas for what policymakers should do to tackle income inequality across the continent.