Political Economy

For reasons of both long-term sustainability and short-term politics, the euro is not out of the woods yet.

Donald Trump’s election made investors justifiably nervous. But a mass exodus from the U.S. Treasuries market is unlikely.

Decades of appeals to technocratic exceptionalism—the idea that monetary policy should be shielded from democratic oversight—have led to the very politicization of...

In the United Kingdom in the 1980s, government interventions in housing helped persuade a majority of voters to back the Conservatives.

As the Trump administration works out the specifics of its strategy to contain Iran, China is looking for ways to bring Iran into the global system.

A fiscal union for the eurozone is the only way to save the common currency—and the EU.

Despite the best efforts of the GST's architects, India today is not truly one nation and the tax is not truly one tax.

The market parable is dangerously alluring: it demands policies that strive for a utopian future and meanwhile delivers disaster.

Governments employing widely divergent policies have been unable to end the productivity slump and deliver the higher living standards their citizens expect.

While the liberal order has accomplished a great many things, the international institutions that underpin it have grown dangerously out of touch with very people...

The global revolt against elites is not just driven by revulsion and loss and racism. It’s also driven by the global economy itself. The era of neoliberalism is...

When a Democratic presidential term came to an end benchmark interest rates were always higher than they were at its beginning. When a Republican was in office,...

Venezuela's recent economic breakdown echoes similar crises in the country's past.

What Puerto Rico really needs is not a PROMESA but a growth strategy.

Brexit exposed a major tension in European politics: the outsized political and economic influence of its older citizens. European governments should pursue reforms...

In a bid to rescue Abenomics, Japanese Prime Minister Shinzo Abe appears to be considering a U-turn in which Tokyo would abandon fiscal consolidation in favor...

In short, in economies the world over, public disaffection set in motion by near universal disgust over corruption and financial scandals is shattering the global...