Edition #6: December 7, 2023
Welcome to PS Economics, a weekly newsletter highlighting commentary on the most important issues in economics and finance.
Kenneth Rogoff thinks that policymakers and economists must reassess their beliefs in light of current market realities.
Mordecai Kurz shows that technological change leads not to disruption, but to deeper, more enduring forms of market power.
Antara Haldar uses Nobel laureate Robert J. Shiller’s work to buttress the case for a behavioral approach to economics.
Mohamed A. El-Erian worries that domestic political divisions and market volatility could exacerbate financial vulnerabilities.
Will High Interest Rates Trigger a Debt Disaster? – Free to Read
James K. Galbraith shows that renewed warnings about dangerous debt-to-GDP ratios are belied by history and recent experience.
Yu Yongding suggests three measures the government can take to address property developers’ deteriorating finances.