Edition #44: October 3, 2024
Welcome to PS Economics, a weekly newsletter highlighting commentary on the most important issues in economics and finance.
Lucrezia Reichlin?questions whether the bloc will be able to muster the necessary political will to secure its economic future.
In case you missed it... Barry Eichengreen?asks why Europe is losing the productivity race.?Read here.
Anders ?slund?explains why – and when – the Kremlin will run out of the resources it needs to continue its war.
China’s Stimulus Measures
Angela Huyue Zhang?argues that lasting prosperity depends not on boosting demand, but on a return to bottom-up governance.
Yu Yongding?urges policymakers to prevent prolonged stagnation by implementing expansionary monetary and fiscal policies.
How to Mobilize Private Climate Finance – Free to Read
Mette Frederiksen?and?Mia Amor Mottley?explain why “blended finance” should be central to discussions ahead of this year’s UN Climate Change Conference.
Kenneth Rogoff?explains why outright grants are preferable to loans when it comes to supporting low-income economies.
C.P. Chandrasekhar,?Martín Guzmán,?Jayati Ghosh, and?Charles Abugre?urge the country’s new government to eschew austerity and renegotiate its IMF bailout.
Michael R. Strain?warns that both US presidential candidates are ignoring one of the most pressing issues facing the country.