Chloregy

Reinventing the World Bank, Again

With three nominees now in the running to become the World Bank’s next president, we should step back and assess the Bank’s trajectory. Unless the next president has a clear vision of the way ahead, and the gravitas to withstand the institution’s internal pressures, he or she will be swallowed...

The Hazard of Second Best

The international community appears increasingly intent on settling for second best on two key issues to be discussed this month in global meetings in Washington, DC: the lingering (if currently dormant) European debt crisis, and the selection of the World Bank’s next president. It is not too late t...

Fed Policy and Inflation Risk

During the past four years, the US Federal Reserve has added enormous liquidity to the America's commercial banking system, and thus to the American economy. But, while many observers worry that this will lead to a rapid increase in the volume of bank credit, causing a brisk rise in the...

Austerity According to St. Augustine

The key to the Europe's debt problems lies in St. Augustine’s plea: “Grant me chastity and continence, but not yet.” Up-front gradualism must be the name of the game – and adjustment must be wedded to a growth strategy....

Alexander Hamilton’s Eurozone Tour

Europe’s debt crisis has piqued Europeans’ interest in American precedents for federal finance. For many, Alexander Hamilton has become a contemporary hero. Perhaps one day his face should appear on the €10 banknote. Specifically, for European states groaning under unbearable debt burdens, Hamilton’...

A World Bank for a New World

The world is at a crossroads. Either the global community will join together to fight poverty, resource depletion, and climate change, or it will face a generation of resource wars, political instability, and environmental ruin.

The World Bank, if properly led, can play a key role in averting these t...

Rethinking the Growth Imperative

Modern macroeconomics often seems to treat rapid and stable economic growth as the be-all and end-all of policy. But, while that is the message from graduate classrooms to central-bank boardrooms to newspapers’ front pages, is it true?

2012: The Year of the Coop

Capitalism needs an extreme makeover. An economic system that is blithely destroying the habitat for humans and other living things is...

5 Investment Trends Not to Bet Against

 Last week, CERESand the United Nations came together to host the 2012 Investor Summit on Climate Risk & Energy Solutionsin New York City. With several announcements marking the day—a record $260 billion was invested in clean energy in 2011

Behind the Wall of Money

The "wall of money" that the ECB unleashed to markets just before Christmas will have a huge influence on Europe's economy, and an even larger impact on its politics. This approach to ending the eurozone's sovereign-debt might work, but it could also destroy the single market.