"The current high level of interest rates will increase default rates of leveraged companies. For over two decades, American companies benefitted significantly from a relatively benign interest rate environment and borrowed extensively via _...Read More_

"J. Bradford DeLong worries that the central bank is keeping monetary policy too restrictive for the macroeconomic situation."

"Edoardo Campanella thinks the push for inward-looking policies will inevitably lead to more global instability and fragmentation."

"Jayati Ghosh & Kanchana N. Ruwanpura think the government’s attempt to resolve the balance-of-payments crisis through austerity will backfire."

"The cost of a crucial tuberculosis treatment has been halved after an agreement was made to allow the sale _...Read More_

"Even as China’s growth miracle unfolded, many warned of a slowdown and cautioned that the country, like so many before it, could become ensnared in the middle-income trap, unable to claw its way to high-income status. With the real-estate _...Read More_

"Barry Eichengreen says that Bidenomics may be working – inflation is easing and employment is growing – but the messaging is not."

"Dani Rodrik, Réka Juhász and Nathan Lane review key findings of a new generation of research that overturns much of the conventional wisdom."

"Isabella M. Weber urges policymakers to match their improved understanding of the problem with more appropriate policies."

"Zhang Jun thinks that a supportive policy package will go a long way toward reinvigorating long-term growth."

"J. Bradford DeLong recalls how the country overcame a previous era of extreme income and wealth inequality."

"Gene Frieda warns monetary policymakers that targeting higher price levels could lead to weaker economies."

"Daniel Gros uses price and wage data to determine whether recent shocks have hit lower-income groups as hard as feared."

"Dante Alighieri Disparte urges US policymakers to recognize the nascent sector’s long-term strategic importance."