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CAMBRIDGE — The United Kingdom has had a sobering ten days, with its economy, financial system and citizens’ well-being suddenly at risk. But with rapid and coordinated action, policymakers can still salvage the situation.
CAMBRIDGE — Financial markets’ reaction to the US Federal Reserve’s (Fed) latest policy move was reminiscent more of developing countries than of the world’s most powerful economy. Given that the Fed is the world’s most systemically important central bank, this is more than just a curiosity. It has implications for America’s economic well-being, and that of the rest of the
The government’s policy approach risks stagflation. It is making history for all the wrong reasons, says economist Mohamed A El-Erian
CAMBRIDGE — It has been seven months since Europe and the United States imposed tough economic and financial sanctions on Russia, a G-20 country that was the world’s eleventh-largest economy on the eve of its invasion of Ukraine. While the sanctions have been gradually strengthened in the intervening months, debate rages about their effectiveness, the war’s broader
CAMBRIDGE — It has been seven months since Europe and the United States imposed tough economic and financial sanctions on Russia, a G-20 country that was the world’s eleventh-largest economy on the eve of its invasion of Ukraine. While the sanctions have been gradually strengthened in the intervening months, debate rages about their effectiveness, the war’s broader