• Featured and Exclusive & Opinion  |  DECEMBER 22, 2014 3:32 PM

    Central bankers weren’t meant to be heroes

    Story by
    www.bloomberg.com

    The US recovery is starting to look halfway respectable. Europe's economies, meanwhile, face the risk of a third recession in seven years. There's a lesson in that contrast: Good economic policy means never having to ask your central bank to be a hero.

     
  • Featured and Exclusive & Opinion  |  DECEMBER 22, 2014 12:52 PM

    Cities and markets can fight climate change

    Story by
    www.bloomberg.com

    Representatives from every national government are meeting this week to work toward a global climate agreement, and the location of the conference -- Lima, Peru -- offers critically important lessons for negotiators.

     
  • Opinion  |  DECEMBER 19, 2014 4:30 PM

    A new direction for global health

    Story by
    www.project-syndicate.org

    NEW YORK – It is easy to be discouraged about the state of international cooperation today, but global health remains an area in which the world has come together to do significant good. Over the last dozen years, international initiatives …

     
  • Opinion  |  DECEMBER 19, 2014 2:49 PM

    Putting deflation first

    Story by
    www.project-syndicate.org

    CAMBRIDGE – The European Central Bank is moving, hesitantly but ineluctably, towards quantitative easing. The threat of deflation – and the ineffectiveness of its previous measures – leaves it no choice. The question is whether the ECB will be able …

     
  • Featured and Exclusive & Opinion  |  DECEMBER 19, 2014 12:25 PM

    Good and bad inequality

    Story by
    www.project-syndicate.org

    PRINCETON – In the pantheon of economic theories, the tradeoff between equality and efficiency used to occupy an exalted position. The American economist Arthur Okun, whose classic work on the topic is called Equality and Efficiency: The Big Tradeoff, believed that …

     
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