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Curated by Project Syndicate

Goodbye, ZIRP?

12 commentaries

The US Federal Reserve is considering raising interest rates for the first time since the global financial crisis erupted in 2008. Is monetary tightening premature, given the real state of the US economy, and how will it affect the now-struggling emerging world?

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  1. The World When the Fed Raises Rates
    Janet Yellen Bao Dandan/ZumaPress

    The World When the Fed Raises Rates

    Sep 10, 2015 Martin Feldkircher, et al. explain why US monetary tightening will affect different countries differently.

  2. Fed Up with the Fed
    Janet Yellen federal reserve Yin Bogu/ZumaPress

    Fed Up with the Fed

    Sep 7, 2015 Joseph E. Stiglitz asks why US policymakers are considering an interest-rate hike at a time of below-target inflation.

  3. Inflation, the Fed, and the Big Picture
    balloons Tolga Akmen/ZumaPress

    Inflation, the Fed, and the Big Picture

    Sep 3, 2015 Carmen M. Reinhart argues that the real threat nowadays, especially in the advanced economies, is declining prices.

  4. Globalized Crisis
    friendship Trina Alexander/Flickr

    Globalized Crisis

    Sep 3, 2015 Harold James explores the dark side of connecting far-flung people and economies.

  5. Will Americans Become Poorer?
    Wall Street New York City Sergi Reboredo/ZumaPress

    Will Americans Become Poorer?

    Aug 31, 2015 Martin Feldstein takes on Robert Gordon's thesis that US economic growth will remain permanently subdued.

  6. The US Still Runs the World
    Xi Jinping and Barack Obama Rao Aimin/ZumaPress

    The US Still Runs the World

    Aug 28, 2015 Simon Johnson points out that China's troubles represent only the latest affirmation of US global leadership.

  1. velasco158_Spencer PlattGetty Images_rustbelt Spencer Platt/Getty Images

    There Is No Method to Trump’s Tariff Madness

    Andrés Velasco sees no merit in any of the rationales the White House has advanced for launching a global trade war.
  2. spence181_Tom BrennerGetty Images_trump Tom Brenner/Getty Images

    Navigating the Trump Storm

    Michael Spence

    With a variety of larger forces driving profound changes, the outlook for the global economy was cloudy even before Donald Trump's return to the White House added to the uncertainty. But one thing is clear: the previous era of global interdependence based on efficiency and mutually beneficial arrangements is over.

    considers the US administration's policy shake-up against the backdrop of larger global trends.
  3. bremmer41_Dan KitwoodGettyImages_containrs_on_tarmac_uk_port Dan Kitwood/Getty Images

    Up Against Trump’s Tariff Wall

    Ian Bremmer explains why US trade policy is tantamount to an unprecedented economic “own goal.”
  4. tharoor201_Hindustan TimesGettyImages_voters_at _polling_station Hindustan Times/Getty Images

    Is a North-South Divide Opening in India?

    Shashi Tharoor fears that the government’s push to redraw the electoral map will favor poorer, more populous states.
  5. fischer226_Ivan AbreuSOPA ImagesLightRocket via Getty Images_usflag Ivan Abreu/SOPA Images/LightRocket via Getty Images

    American Suicide

    Joschka Fischer mourns the loss of the United States and the relative peace and prosperity that its global leadership enabled.
  6. sherwin15_Andrew HarnikGettyImages_donald_trump_rose_garden_tariffs Andrew Harnik/Getty Images

    Trump’s Tariffs and the Will to Power

    Richard K. Sherwin

    Donald Trump views tariffs as much more than a policy. While they will make life materially worse for people around the world – not least Americans – what matters to him is the spectacle of a heroic leader demonstrating his capacity to induce shock and awe.

    thinks those who question the rationality of recent US trade policy are missing the point.
  7. qian41_TIMOTHY A. CLARYAFP via Getty Images_NYSE Timothy A. Clary/AFP via Getty Images

    Americans Can’t Win from Trump’s Trade War

    Nancy Qian sees only nonsense in the administration's rationale for “reciprocal” tariffs and the formula for setting them.
  8. op_moon2_JUNG YEON-JEAFP via Getty Images_ Jung Yeon-je/AFP via Getty Images

    South Korea’s Flourishing Culture and Teetering Democracy

    Katharine H.S. Moon traces the country’s recent turmoil to the lasting impact of the Cold War and decades of military rule.
  9. schell25_Sean GallupGettyImages_china_eu_flags Sean Gallup/Getty Images

    China’s World – or Europe’s?

    Orville Schell urges Europeans to dispel wishful thinking about what the post-American world will require of them.

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