The cause of economic stagnation
Economic growth depends on free market policies. Patrick Minford argues that the UK’s economic stagnation is not caused by Brexit but by damaging government policies
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fiscal policy
The EU fiscal framework undermines innovation and security
EU member states may now exceed deficit limits if the borrowing finances defence. Paolo Surico proposes exempting innovation-related expenditure, rather than procurement, to raise long-run growth while maintaining fiscal responsibility and strategic autonomy
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A global stablecoin glut: implications for monetary policy
The global stablecoin glut is expected to have significant implications for monetary policy. Stephen Miran warns that stablecoin adoption could put downward pressure on interest rates
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Artificial Intelligence and the economy
AI is a transformational technology, perhaps in ways as dramatic as past technological achievements. Philip Jefferson considers how AI will influence the Fed’s dual mandate of promoting maximum employment and stable prices
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The financial sector and global dollar system
The US administration’s approach to financial markets mixes deregulatory policies with a range of other policies that are largely without precedent. Gary Gensler, Lev Menand and Joshua Younger catalogue the relevant policy shifts and consider how these shifts may impact financial stability, capital markets, and the global dollar system
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Monetary policy and the Fed’s framework review
The US economy has shown resilience in a context of sweeping changes in economic policy. Jerome Powell says inflation and the hiring slowdown are creating challenging conditions and that balance of risks is changing
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India: a partner in progress and prosperity
The potential of India is enormous. Sanjay Malhotra presents his perspective on how India is poised to be a dynamic powerhouse of opportunities, innovation, and sustainable growth in the years to come
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Moderate growth amid global trade uncertainty
President Trump’s sweeping ‘reciprocal tariffs’ sent shockwaves through the global economy. Maarten Verwey and Kristian Orsini introduce the European Commission’s Spring 2025 Forecast, which depicts a resilient European economy
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A robust monetary strategy for a new era
The level of uncertainty is exceptionally high. Christine Lagarde says maintaining stability in a new era will be hard, and will require an ability to react as necessary
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How can the United Kingdom find an exit?
Patrick Minford discusses the deep hole that UK governments have dug for the British economy, and considers what can be done to return the United Kingdom to growth
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