Articles in English

A tragedy is unfolding in Sri Lanka. Citizens must queue for food and pharmaceuticals, vehicle owners cannot fill their tanks, and there have been rolling power outages

07 августа 2022 5 мин. 7755

Eurozone Divergences Are Back

Monetary-policy tightening is coming to Europe. Following in the footsteps of the US Federal Reserve and others, the European Central Bank has announced that it will discontinue its asset-purchase program and raise interest rates this month, in a bid to rein in inflation. But, unless the authorities address the differential effect this has on member states’ financial conditions, the eurozone will experience both a recession and a financial crisis

17 июля 2022 6 мин. 28058

Let's Count What Really Matters

Despite the well-known problems with using gross domestic product as an indicator of human development, policymakers around the world still seem to be obsessed with it

09 июля 2022 5 мин. 24591

How to Fuel Inflation and Harm the Environment

Inflation has become a hot-button political issue worldwide. In the United States, the consumer price index increased at an annual rate of 8.6% in May, and EU inflation is not far behind. The root cause of the problem is that too much money is chasing too few goods

03 июля 2022 5 мин. 25125

Don't Raise the Eurozone's Public-Debt Limit

In February 2020, the European Commission announced that it would present a plan for reforming the eurozone’s economic governance, including the rules for public debt

26 июня 2022 5 мин. 29045

The ECB's Interest-Rate Balancing Act

Since 2008, the European Central Bank has learned important and costly lessons concerning the economic preconditions of price stability

19 июня 2022 6 мин. 37498

Getting Deglobalization Right

The World Economic Forum’s first meeting in more than two years was markedly different from the many previous Davos conferences that I have attended since 1995