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  1. rogoff211_Brooks Kraft Getty Images_fed reserve Brooks Kraft Getty Images

    Are Central Banks to Blame for Rising Inequality?

    Kenneth Rogoff

    The view that central-bank interest-rate policy can and should be the main driving force behind greater income equality is stupefyingly naive, no matter how often it is stated. Central banks can do more to address the inequality problem, but they cannot do everything.

    argues that monetary policy did not cause, and largely cannot mitigate, increasing income and wealth disparities.
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  2. roubini154_Alex WongGetty Images_bideneconomy Alex Wong/Getty Images

    Biden's Neo-Populist Economic Doctrine

    Nouriel Roubini

    Within the space of just half a year, US President Joe Biden has completed a necessary economic-policy regime shift that started chaotically under his predecessor. But while the Biden administration has a much better handle on the issues, that doesn't mean the new dispensation will be without risk.

    thinks the US administration has completed a necessary policy regime change that began under Donald Trump.
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Crypto Crunch Time

Featured in this Big Picture
  1. Yanis Varoufakis Yanis Varoufakis ,
  2. Anne O. Krueger Anne O. Krueger ,
  3. Barry Eichengreen Barry Eichengreen ,
  4. Katharina Pistor Katharina Pistor ,
  5. Paola Subacchi Paola Subacchi ,
  6. Kenneth Rogoff Kenneth Rogoff

Digital-currency competition in the coming years will likely pit central banks against a host of private challengers. Will upstart cryptocurrencies have the firepower and the following to overturn the monetary status quo, or will the current financial establishment prevail?

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Colombia unrest Camilo Erasso/Long Visual Press/Universal Images Group via Getty Images

The Latin American Tinderbox

Featured in this Big Picture
  1. Javier Solana,
  2. Enrique V. Iglesias,
  3. Ana Palacio,
  4. Mauricio Cárdenas,
  5. Jorge G. Castañeda,
  6. Kenneth Rogoff

A toxic combination of COVID-19, economic anxiety, and mounting popular anger threatens to erode support for democratic institutions across the region. If national leaders and the international community fail to respond effectively, the wave of unrest that has gripped country after country will likely grow worse.

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