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Europe is worried about low and declining productivity growth. Most politicians and experts have a simple solution: more high-tech investments and more education, especially for young people. But it is questionable whether this proposed fix is realistic or will bring about the desired outcome. The educational visions that...
Professor Enrico Colombatto
The year has not started well for global financial markets. Undoubtedly, one reason that stocks have slumped is that the United States Federal Reserve under Janet Yellen has started to raise interest rates and signaled that more hikes are coming. The hawkish stance of Ms. Yellen’s Fed not only risks derailing the U.S. eco...
Trying to predict how exchange rates will evolve during the rest of the year is a futile exercise. For different reasons, the world’s major central banks are all doing their best to weaken their own currencies. Summary <i>In the United States, the Federal Reserve is having second thoughts about resetting ...
The government of India’s Prime Minister Narendra Modi is going into 2016 with two principal policy objectives. One will be implementing the economic reforms that he has promised to foreign investors. Such reforms are considered crucial to industrialization and further accelerating India’s growth, which currently clocks in at a respectable 7 percent rate. The other...
Pramit Pal Chaudhuri
The European Commission’s crackdown last month on tax privileges for multinational corporations could be part of a bigger power play. The stakes could be much higher than preserving the autonomy of national tax authorities.
<i>European Union Competition Commissioner Margrethe Vestager is demanding...
Have China’s leaders given up on their commitment to move to a more market-driven economy? You could be forgiven for thinking so, if you observed them straining every nerve to push the stock market back up over the past two months. Foreign investors may worry that the opening-up of recent years has been halted, even reversed. It is impossible to say when, or even i...