Koichi Hamada

Writing for PS since 2013
39 commentaries
0 videos & podcasts

Koichi Hamada is Professor Emeritus at Yale University and a special adviser to Japanese Prime Minister Shinzo Abe.

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The Fiscal Fight Against COVID-19
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The Fiscal Fight Against COVID-19

Mar 3, 2020 Koichi Hamada says policymakers must act quickly and not be swayed by the arguments of deficit hawks.

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Does Inattention Explain Today’s Low Inflation?
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Does Inattention Explain Today’s Low Inflation?

Dec 30, 2019 Koichi Hamada asks why the business cycle seems to function so differently today than it did when the late Paul Volcker was US Fed chief.

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The Right Way to Finance Disaster Recovery
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The Right Way to Finance Disaster Recovery

Oct 30, 2019 Koichi Hamada refutes the argument that Japan should use tax hikes to fund its response to catastrophes like Typhoon Hagibis.

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More Than a Trade War
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More Than a Trade War

Aug 29, 2019 Koichi Hamada explains why insecurity, not rationality, best explains the escalating conflict between the US and China.

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Does Japan Vindicate Modern Monetary Theory?
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Does Japan Vindicate Modern Monetary Theory?

Jul 1, 2019 Koichi Hamada questions using the country as proof that countries with their own currency can run unlimited debt.

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Elizabeth Drew

Harry Truman famously had a sign on his White House desk that read, “The buck stops here”: ultimate responsibility for the country’s welfare rests with the president. Now contrast that with how the current occupant of the Oval Office has handled the COVID-19 pandemic.

China and America Are Failing the Pandemic Test

Joseph S. Nye, Jr.

All national leaders must put their country’s interests first, but the important question is how broadly or narrowly they define those interests. Both China and the US are responding to COVID-19 with an inclination toward short-term, zero-sum approaches, and too little attention to international institutions and cooperation.