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In what could well be a final act of desperation, central banks are abdicating effective control of the economies they have been entrusted to...
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All posts tagged "Stephen S. Roach"
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Structural change and rebalancing are formidable undertakings for any economy. China has been focused on these objectives for five years – seeking to transform...
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In the late 1980s, there was intense debate about the so-called productivity paradox – when massive investments in information technology (IT) were not delivering...
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Predictably, the European Central Bank has joined the world’s other major monetary authorities in the greatest experiment in the history of central banking. By...
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– America’s Federal Reserve is headed down a familiar – and highly dangerous – path. Steeped in denial of its past mistakes, the Fed...
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– In economic policy, as in most other areas, actions speak louder than words. By cutting its benchmark policy interest rates, the People’s...
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– NEW HAVEN – Japan is the petri dish for the struggle against the secular stagnation that is now gripping most major developed economies....
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– As the US Federal Reserve attempts to exit from its unconventional monetary policy, it is grappling with the disparity between the policy’s success...
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Relapse is the rule in the post-crisis global economy. In the United States, Japan, and Europe, GDP growth faltered again in the first...
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– The recently concluded Strategic and Economic Dialogue (S&ED) between the United States and China was a major disappointment. It lacked strategy at a time when...