Says More…Project Syndicate: Last July, you criticised the prevailing approach to tackling inflation in the United States, arguing that interest-rate hikes would be “insufficient to rein in inflation in the short run” and “likely [to] increase unemployment over time”.

 NEW HAVEN  —  Just days before the White House released the United States’ new National Security Strategy in October, President Joe Biden’s administration announced sweeping export restrictions aimed at stopping China from advancing technologically.

NEW HAVEN  —  After decades of unprecedented openness, international economic relations have entered a new era, characterised by mistrust and division.

NEW HAVEN  —  As inflation in the United States reaches new heights, economists are debating how high the Federal Reserve (Fed) will need to hike interest rates to curb demand and rein in price growth.

NEW HAVEN  —  One of the strongest arguments for free trade is that it promotes peace between participating countries.

NEW HAVEN  —  The United States-China trade war started in 2018 and has never officially ended. So, which side has been “winning” it? Recent research offers an unambiguous answer: Neither.

NEW HAVEN — In a July 2020 article for Brookings Papers on Economic Activity, Tristan Reed and I showed that, contrary to expectations, COVID-19 deaths per capita were much lower in poorer countries than in richer ones.

NEW HAVEN — Owing to the pandemic and other calamities, many referred to 2020 as a “biblical year”. Now, however, it is starting to look like we are in a “biblical decade”.

NEW HAVEN — Education has emerged as one of the most consequential casualties of the pandemic.