macroeconomics

The fall of the Berlin Wall almost 30 years ago represented a high-water mark in the retreat of the state from the global economy, signaling a defeat of socialist economics virtually worldwide. From dirigiste France to communist China, countries with widely divergent economic models ...

Japan's renaissance as the world champion surplus saver and source of financial capital is a key consequence of Abenomics and the domestic economic recovery.

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 ...

Paulson et al. still claim they did all that could be done to save the troubled firm.

Global growth is accelerating, but before we break out the champagne we should acknowledge the long-term risks to sustained expansion.

The biggest risk to asset prices and the global economy would be if the most powerful institutions reduce their monetary stimulus at the same time.

QE probably helped end the Great Recression, though we'll never know for sure.