CAMBRIDGE — A stream of recent data suggests that the global economy is showing signs of stagflation, that odd 1970s-style mixture of rising inflation and declining growth. Those who have noticed it, and there are still too few of them, fall into two broad camps.

CAMBRIDGE — Economic-policy discussions in the eurozone, the United Kingdom, and the United States increasingly revolve around the question of when and how quickly central banks should pull back the uber-stimulus measures implemented last year in response to the COVID-19 pandemic

CAMBRIDGE — After the 2008 global financial crisis, governments and central banks in advanced economies vowed that they would never again let the banking system hold policy hostage, let alone threaten economic and social well-being.

CAMBRIDGE — An old joke about tricky trade-offs asks you to imagine your worst enemy driving over a cliff in your brand-new car.

LAGUNA BEACH — President Joe Biden’s announcement that the US will have enough COVID-19 vaccines for every American by the end of May has contributed to a rising tide of optimism about the country’s economic prospects this year.

LAGUNA BEACH  —  Recognising that “no one is safe until everyone is safe”, the G-7 recently announced additional steps to facilitate globally more “affordable and equitable access to vaccines, therapeutics, and diagnostics” to combat COVID-19.

CAMBRIDGE — UK Prime Minister Boris Johnson’s recent warning that the lifting of England’s current third lockdown will be no “great open Sesame”, despite the fall in infections and the encouraging progress of the country’s COVID-19 vaccination programme, should come as no surpris

LAGUNA BEACH — As excited as we all understandably are about the arrival of the first COVID-19 vaccines, the immediate road ahead remains treacherous.

CAMBRIDGE — Having long been buttressed by ample liquidity, financial markets are entering the final quarter of 2020 amid an increasingly tentative global economic recovery, unusual political uncertainties, and lagging fiscal and structural policy responses.