The chairman of the US Federal Reserve should begin winding up his policies before he leaves next year
Now that the US Fed pays interest to banks for their 'excess reserves', a link in the policy chain has broken
The US fiscal deficit is still dangerously high, but nobody is moving to reduce it
Judging by those chosen as Beijing's senior economic team, market-friendly reforms are on the way
By using QE to keep long-term rates low, US Fed will cause individual losses and overall financial instability
The US needs to control its fiscal deficit and bank reserves, or the dollar will fall more rapidly
New rules preventing deficit financing may push euro zone countries into a recessionary spiral
Shinzo Abe wants to weaken the yen, but that would be disastrous for Japan's high debt
America can negotiate away the 'fiscal cliff' through tax and entitlement reform
Martin Feldstein explains why the Indian economy is going to come back, and soon
Signs of recovery in Spain and commitment from Germany must be met with the willingness to let the euro fall
The political stand-off in Washington makes tax hikes impossible. But there's a way around it
In America and Europe, high unemployment means increasing political pressure on central banks
The European Central Bank should not allow itself to pick and choose what sovereign debt to buy
Long-term interest rates are now so low in the US that we may be looking at a bubble in bond and stock prices
The growing weakness of the US economy means re-election is getting tougher for Barack Obama
The single currency was a French project, but it has only diminished that country's profile
The US' huge expansion of liquidity has not driven up inflation so far. But it could, unless carefully managed
Financial markets, not EU-wide treaties, will enforce fiscal prudence in the euro zone
The pressures of being part of the euro zone are telling on France. But lashing out at Britain will not help