Seeking to boost recovery at home, some advanced-country central banks have increased money supply sharply, sending return-hungry investors to developing countries in search of higher returns. That dynamic, many experts and developing-country officials warn, will lead to competitive exchange-rate devaluations. Should advanced countries tighten monetary policy? What are the consequences for global cooperation if they don’t?
Misinformation Decided the US Election
J. Bradford DeLong
asks why Donald Trump’s supporters overwhelmingly held a distorted view of the country’s situation.
