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Melvyn B. Krauss

Melvyn B. Krauss

Writing for PS since 1998
56 commentaries

Melvyn B. Krauss (1938-2023) was Professor Emeritus of Economics at New York University.

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  1. The ECB's Savvy Gradualism
    krauss59_ALBERTO PIZZOLIAFP via Getty Images_draghilagarde Alberto Pizzoli/AFP via Getty Images

    The ECB's Savvy Gradualism

    Dec 31, 2021 Melvyn B. Krauss thinks the eurozone's central bank is wise in eschewing rapid monetary-policy normalization.

  2. The New Franco-Italian Alliance in Europe
    krauss58_Albert CaraAnadolu Agency via Getty Images_macron draghi Albert CaraAnadolu Agency via Getty Images

    The New Franco-Italian Alliance in Europe

    Nov 24, 2021 Melvyn B. Krauss sees enormous potential in a burgeoning new alliance between the French president and the Italian prime minister.

  3. Germany's Chinese Kowtow
    krauss57_Jason Lee - PoolGetty Images_merkelxi Jason Lee/Pool/Getty Images

    Germany's Chinese Kowtow

    Nov 5, 2021 Melvyn B. Krauss explains why the next government in Berlin is unlikely to get tough with a major export market.

  4. Goodbye to the German Status Quo
    krauss56_Clemens Bilan - PoolGetty Images_baerbockscholz Clemens Bilan/Pool/Getty Images

    Goodbye to the German Status Quo

    Sep 27, 2021 Melvyn B. Krauss sees the federal election outcome as a renunciation of outgoing Chancellor Angela Merkel's legacy.

  5. Joe Biden’s Nixon Strategy
    krauss55_BRENDAN SMIALOWSKIAFP via Getty Images_bidenputin Brendan Smialowski/AFP via Getty Images

    Joe Biden’s Nixon Strategy

    Jul 6, 2021 Melvyn B. Krauss thinks Western leaders are right to seek a managed rapprochement with Russia.

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  1. bildt109_JAAFAR ASHTIYEHAFP via Getty Images_israelpalestinewestbank Jaafar Ashtiyeh/AFP via Getty Images
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    Hell in the Holy Land

    Carl Bildt fears that the stage is set for another major violent conflict between Israelis and Palestinians.
  2. strain11_Chip SomodevillaGetty Images_fed Chip Somodevilla/Getty Images
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    The Fed Must Not Flinch

    Michael R. Strain urges the US central bank to continue raising interest rates, despite signs of financial-sector fragility.
  3. sheng135_Carl CourtGetty Images_maldivesclimatechange Carl Court/Getty Images
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    Reimagining Development

    Andrew Sheng & Xiao Geng argue that grassroots engagement and social enterprise are crucial to achieving countries' aspirations.
  4. goldberg22_ERIC BARADATAFP via Getty Images_world bank ERIC BARADAT/AFP via Getty Images
    1

    What the World Bank Can Do About Climate Change

    Pinelopi Koujianou Goldberg explains how the institution can maximize its contribution to the global net-zero agenda.
  5. GettyImages-1171447879
    3

    Richard Haass on Russia, Taiwan, and US democracy

    Richard Haass explains what caused the Ukraine war, urges the West to scrutinize its economic dependence on China, proposes ways to reverse the dangerous deterioration of democracy in America, and more.
  6. buiter45_Jabin BotsfordThe Washington Post via Getty Image_jeromepowell Jabin Botsford/The Washington Post via Getty Images
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    Price Stability vs. Financial Stability?

    Willem H. Buiter

    If the US Federal Reserve raises its policy interest rate by as much as is necessary to rein in inflation, it will most likely further depress the market value of the long-duration securities parked on many banks' balance sheets. So be it.

     thinks central banks can achieve both, despite the occurrence of a liquidity crisis amid high inflation.
  7. frankel145_ Richard Baker In Pictures via Getty Images_exchangerates Richard Baker/In Pictures via Getty Images
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    Fifty Years of Floating Currencies

    Jeffrey Frankel

    The half-century since the official demise of the Bretton Woods system of fixed exchange rates has shown the benefits of what replaced it. While some may feel nostalgic for the postwar monetary system, its collapse was inevitable, and what looked like failure has given rise to a remarkably resilient regime.

     explains why the shift toward exchange-rate flexibility after 1973 was not a policy failure, as many believed.
  8. harrington34_Drew AngererGetty Images_avril haines Drew Angerer/Getty Images
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    What Do America’s Spies Really Think About China?

    Kent Harrington thinks the intelligence community’s annual threat assessment should have delved deeper on the issue.
  9. grafton2_ SIMON MAINAAFP via Getty Images_water SIMON MAINA/AFP via Getty Images
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    Waking Up to the World’s Water Crisis

    Quentin Grafton, et al. see three overarching priorities for the first global water conference in almost a half-century.

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