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Why Is Europe Losing the Productivity Race?

HONG KONG – The gap between productivity growth in the United States and Europe paints a stark and, for Europeans, depressing picture. In the two...

09.04.2024 80

Barry Eichengreen

The Temptation of Frontier Markets

BERKELEY – Frontier markets are back. Several African countries have recently returned to global financial markets, placing foreign-currency bonds...

12.03.2024 40

Barry Eichengreen

Developing countries’ never-ending debt crisis

The debt crisis in low-income countries continues to fester. Meanwhile, the international policy community seems to be losing traction on the problem....

01.03.2024 20

Barry Eichengreen

The Middle Truth in the Inflation Muddle

BERKELEY – For precisely three years, the economics profession has been collectively fixated on inflation. February 2021, exactly 36 months ago, was...

14.02.2024 10

Barry Eichengreen

Is Joe Biden Really the New Jimmy Carter?

FLORENCE – It has become fashionable of late to compare US President Joe Biden in 2023 to Jimmy Carter in 1979. Just as the events of 1979 doomed...

09.01.2024 10

Barry Eichengreen

Developing Countries’ Never-Ending Debt Crisis

PARIS – The debt crisis in low-income countries continues to fester. Meanwhile, the international policy community seems to be losing traction on...

14.12.2023 20

Barry Eichengreen

Certain Uncertainty in the US Bond Market

SINGAPORE – The last two years have been catastrophic for investors in US Treasury bonds. By one measure, 2022 was the worst year for such investors...

09.11.2023 20