To prevent catastrophic climate change and accelerate the global transition to a net-zero economy, policymakers and asset owners urgently need to rethink how we channel capital at scale. The key is to develop new financial...

China and America both need to pursue policies that will reduce economic and geopolitical tensions and foster healthy cooperation on global challenges. If they fail to achieve a new understanding on the issues driving their current confrontation, they will eventually...

Israel's right-wing government has raised alarms around the world with its plans to disempower the judiciary. But while most of the criticism has focused on the implications for Israeli democracy, the "reforms" pose an equally salient threat to Israel's economy, labor...

While a severe hurricane for the global economy looks less likely than a few months ago, we are still likely to encounter a tropical storm that could cause significant damage. Much will depend on how major central banks confront the trilemma of simultaneously...

NEW YORK - Following the May G7 summit in Hiroshima, US President Joe Biden claimed that he expects a "thaw" in relations with China. Yet despite some recent official bilateral meetings - with US Secretary of the Treasury Janet Yellen expressing hopes for a visit to...

Despite US efforts to de-escalate tensions with China and Chinese officials' wariness of economic decoupling, attempting to restore trust between the two powers seems futile. In this increasingly fraught climate, fragmentation trumps cooperation, and the danger of a...

In the face of high and persistent inflation, recession risks, and now a looming insolvency crisis in the financial sector, central banks like the US Federal Reserve are facing a trilemma. Unable to fight inflation and provide liquidity support simultaneously, the...

Sound policymaking has helped India modernize and achieve robust economic growth, positioning it to become an increasingly important player on the world stage. But recent developments - and scandals - show that the government must address some major issues if it wants...

Advanced economies and emerging markets are increasingly engaged in necessary "wars" - some real, some metaphorical - that will lead to even larger fiscal deficits, more debt monetization, and higher inflation on a persistent basis. The future will be stagflationary,...