NEWSWORTHY

Emerging vulnerabilities in emerging economies

/ Aug 27, 2018

Emerging vulnerabilities in emerging economies

by Michael Spence

For many emerging economies, it is imperative to pursue a rebalancing of growth patterns, with a more active approach to managing debt and capital flows and their effects on asset prices, exchange rates, and growth. Otherwise, the dangers of unsustainable growth patterns will bring ...

Ready or not for the next recession?

/ Jan 16, 2018

Ready or not for the next recession?

by Barry Eichengreen

Policymakers normally respond to recessions by cutting interest rates, reducing taxes, and boosting transfers to casualties of the downturn. But, for a combination of economic and political reasons, the U.S., in particular, is ill-prepared to respond normally.