Robert J Shiller: Understanding Today’s Stagnation

Ever since the Great Recession of 2007-2009, the world’s major central banks have kept short-term interest rates at near-zero levels. In the United States, even after the Federal Reserve’s recent increases, short-term rates remain below 1%, and long-term interest rates

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Emmanuel Macron: Perfect Timing

The fate of the European Union may well rest on his shoulders. Front-runner in the French election campaign, Emmanuel Macron (39) is widely expected – but not guaranteed – to trash Marine Le Pen in the May 7 run-off for

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Joseph S Nye: Xi Jinping’s Marco Polo Strategy

Last month, Chinese President Xi Jinping presided over a heavily orchestrated Belt and Road forum in Beijing. The two-day event attracted 29 heads of state, including Russia’s Vladimir Putin, and 1,200 delegates from over 100 countries. Xi called China’s Belt

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Angela Merkel: Leader of the Free World

Playing nice gets results. Just ask Angela Merkel who became the undisputed leader of the free world after the US elevated a rather rude businessman to the presidency. Mrs Merkel’s phone manners are also much more effective. Instead of hanging

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Nouriel Roubini: The Global Recovery’s Downside Risks

For the past two years, the global economy has been growing, but it has swung between periods of rapid expansion and deceleration. During this period, two episodes in particular, caused US and global equity prices to fall by about 10%.

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IFC: Energy Storage Can Open Doors to Clean Energy Solutions in Emerging Markets

For more than a hundred years, electrical grids have been built with the assumption that electricity has to be generated, transmitted, distributed, and used in real time because energy storage was not economically feasible . This is now beginning to

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Robert J Shiller: Robotization Without Taxation?

The idea of a tax on robots was raised last May in a draft report to the European Parliament prepared by MEP Mady Delvaux from the Committee on Legal Affairs. Emphasizing how robots could boost inequality, the report proposed that

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Paul Krugman: The Last of the Keynesians

He doesn’t hold out high hopes for the Trump presidency: in fact, calamity is on the horizon. Barely a month into the Trump Administration, economics professor and New York Times columnist Paul Krugman concluded that the high and exalted office

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Ernst & Young: Argentina – New Government Measures to Improve and Strengthen Employment

Argentine payroll costs are the highest in Latin America, standing at a maximum of 40%. Social security and health care employer contributions amount to 23% or 27%, based on each employer, whereas contributions withheld from employees stand at 17%.  In

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Yasser Al-Saleh: The Secret of Dubai’s Success

As governments across the Middle East try to wean themselves off natural resources and build diversified, resilient economies, they should take some lessons from Dubai. It’s a remarkable story. In less than a generation, Dubai has transformed itself into a

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