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Patrick Bolton

Patrick Bolton

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Patrick Bolton, Professor of Finance at Imperial College London, is Senior Adviser to the Lazard Climate Center and a co-author (with Haizhou Huang) of Money Capital: New Monetary Principles for a More Prosperous Society (Princeton University Press, 2024).

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  1. Is China Facing a Deflationary Trap?
    bolton4_WANG ZHAOAFP via Getty Images_china economy Wang Zhao/AFP via Getty Images

    Is China Facing a Deflationary Trap?

    Oct 18, 2024 Patrick Bolton & Haizhou Huang consider what it will take for the government to break the cycle of declining spending and falling prices.

  2. Give Argentina a Break
    bolton3_JUAN MABROMATAAFP via Getty Images_argentinacentralbankcoronavirus Juan Mabromata/AFP via Getty Images

    Give Argentina a Break

    Jun 5, 2020 Patrick Bolton calls private-sector creditors' hardline stance on payments completely unreasonable in light of the pandemic.

  3. The Necessity of a Global Debt Standstill that Works
    hsieh2_ERIC BARADATAFP via Getty Images_worldbankbuildinglogo Eric Baradat/AFP via Getty Images

    The Necessity of a Global Debt Standstill that Works

    Apr 23, 2020 Patrick Bolton, et al. say any repayment freeze to help emerging economies withstand COVID-19 must include all private creditors.

  4. How to Keep Central Banks Independent
    bolton1_akindoGettyImages_bankingfinancesymbols akindo/Getty Images

    How to Keep Central Banks Independent

    Jul 11, 2019 Patrick Bolton, et al. propose new measures to help monetary policymakers remain effective guardians of financial stability.

  1. weglarczyk1_Justin TallisGettyImages_europe_security_summit Justin Tallis/Getty Images
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    Europe, United, Will Never Be Defeated!

    Bartosz Węglarczyk identifies the main obstacle to the development of an effective defense strategy in the absence of US support.
  2. strain37_Spencer PlattGettyImages_trump_stock_market Spencer Platt/Getty Images
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    Why Is Trump Undermining the US Economy?

    Michael R. Strain

    Although Donald Trump got off to a good start, with equity prices hitting all-time highs in anticipation of pro-growth policies, investor confidence has vanished, tanking the stock market. With the president deliberately undermining the foundations of US prosperity, one must ask why he is doing it, and what could stop him.

     offers three explanations for a set of policies that have sent investor confidence into a tailspin.
  3. berglof40_Geoff RobinsGettyImages_trade_tariffs_cars Geoff Robins/Getty Images
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    How to Lose a Decade

    Erik Berglöf & Nahom Ghebrihiwet warns that a trade war will harm economic growth and decarbonization, with developing countries hit hardest.
  4. tharoor200_Jim WatsonGettyImages_trump_modi_trade Jim Watson/Getty Images
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    Will Trump’s Tariffs Derail India’s Economy?

    Shashi Tharoor

    The US administration’s plan to impose “reciprocal” import tariffs could severely curtail key Indian exports, including chemicals, metals, auto parts, and pharmaceuticals, leading to job losses and undermining fiscal stability. India has little choice but to lower its own tariffs while negotiating improved access to the US market.

     urges policymakers to brace for the impact – known and unknown – of the US administration’s trade policies.
  5. hamada69_The Washington PostGettyImages_trump_speech The Washington Post/Getty Images
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    Countering Trump’s Politics of Fear

    Koichi Hamada calls for a new set of policies that responds to, rather than dismisses, US voters’ legitimate fears.
  6. galen5_Andrew HarnikGetty Images_trumpcongress Andrew Harnik/Getty Images
    1

    Where Are the Democrats?

    Reed Galen lambasts the party for sitting by and watching America implode, in the misguided hope of winning the midterms.
  7. moyo34_Spencer PlattGetty Images_NYSE Spencer Platt/Getty Images
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    Signs of a US Recession

    Dambisa Moyo catalogues several indicators suggesting that the world's largest economy is headed for a slump.
  8. goldberg32_Spencer PlattGetty Images_USshipping Spencer Platt/Getty Images
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    Trump’s Trade War

    Less than two months into his second presidency, Donald Trump has imposed sweeping tariffs on America’s three largest trading partners, with much more to come. This strategy not only lacks any credible theoretical foundations; it is putting the US on a path toward irrevocable economic and geopolitical decline.

  9. ruf1_MANAURE QUINTEROAFP via Getty Images_data center Manaure Quintero/AFP via Getty Images
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    Why Frugal AI Alone Won’t Fix AI’s Energy Problem

    Boris Ruf explains why shifting the responsibility for reducing AI’s carbon footprint to end users is counterproductive.

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