Jun 25, 2013

Fed hedge on transparency

Investors will be be debating what the U.S. Federal Reserve chairman meant last week until his next speech. That in itself is a threshold — not a trigger.

Mar 8, 2013

EU proposals on bankers' pay miss the point

Anger in Europe over executive pay is finding its way into legislation. The European Parliament, backed by almost all of the EU’s finance ministers, plans to cap bankers’ bonuses, and 68 percent of Swiss voters endorsed a referendum initiative to ban “golden parachutes” and ...

Feb 23, 2013

Abenomics cure for Japan must be wiser and braver

Japan’s new prime minister, Shinzo Abe, is proposing a bold departure for his country’s economy. He’s mostly right. Japan continues to underperform, and bad macroeconomic policy has been the main reason. Abenomics isn’t riskless or easy, however. The government will have to be wise ...