Macroeconomic policy
James Galbraith: The Dollar System in a Multi-Polar World
On the rise and decline of the dollar system.
Trade’s Resilience to COVID-19
Future resilience requires smart diversification and exploitation of working-from-home production.
Sri Lanka Economic Crisis Inflicted by Self-Serving Elite
How the Sri Lanka debt crisis was decades in the making.
The IMF Connection with the Ukraine Crisis
You can't quite say the IMF is the root of all evil. But it sure made a lot of bad situations worse.
Corporate Legacy Debt, Inflation, and the Efficacy of Monetary Policy
Why high levels of corporate debt can make monetrary tightening less effective in controlling inflation.
Inflation Targeting Constrains Development
The rich have influenced most developing countries to prioritize inflation targeting in monetary policy instead of adopting bolder economic policies for growth, jobs and sustainable development.
Inflation Targeting Voodoo
Why central bank fixation with inflation targeting is dodgy to detrimental.
Global Financial Risk Factors and Sovereign Risk
An increase in global financial risk causes a large and persistent widening of sovereign spreads, with the spillover effects especially pronounced for speculative-grade sovereign debt
Resource Limits to American Capitalism & The Predator State Today
James K. Galbraith discusses the shift of the US from industrialism to his so-called predator state: finance-led, military-centered corporatism
Resist Inflation Phobia Coup
Efforts to cure inflation, at least for poorer countries, will prove to be more damaging than the disease.