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Shang-Jin Wei

Shang-Jin Wei

Writing for PS since 2015
51 commentaries
1 videos & podcasts

Shang-Jin Wei, a former chief economist at the Asian Development Bank, is Professor of Finance and Economics at Columbia Business School and Columbia University’s School of International and Public Affairs. 

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  1. Is the Benefit of China’s Zero-COVID Policy Worth the Cost?
    wei52_Kevin FrayerGetty Images)_zero covid Kevin Frayer/Getty Images

    Is the Benefit of China’s Zero-COVID Policy Worth the Cost?

    Oct 13, 2022 Shang-Jin Wei analyzes the evidence and finds some justification for the country’s severe restrictions.

  2. Liz Truss vs. the Bank of England
    wei51_DANIEL LEALAFP via Getty Images_bankofengland Daniel Leal/AFP via Getty Images

    Liz Truss vs. the Bank of England

    Oct 6, 2022 Shang-Jin Wei explains how UK policymakers can prevent a financial crisis by helping pensioners and homeowners.

  3. The Risk of Competitive Interest-Rate Hikes
    wei50_Javier GhersiGetty Images_USDeconomy Javier Ghersi/Getty Images

    The Risk of Competitive Interest-Rate Hikes

    Sep 8, 2022 Shang-Jin Wei warns that the major central banks' uncoordinated interest-rate hikes make a global recession more likely.

  4. The Inflationary Consequences of Deglobalization
    wei49_MARK RALSTONAFP via Getty Images_china exports tariffs MARK RALSTON/AFP via Getty Images

    The Inflationary Consequences of Deglobalization

    Jul 13, 2022 Shang-Jin Wei & Tao Wang urge policymakers to pay closer attention to the structural factors driving rapid price growth.

  5. Three Better Alternatives to Biden’s Gasoline Tax Holiday
    wei47_Jeff GritchenMediaNews GroupOrange County Register via Getty Images_gas prices Jeff GritchenMediaNews GroupOrange County Register via Getty Images

    Three Better Alternatives to Biden’s Gasoline Tax Holiday

    Jun 27, 2022 Shang-Jin Wei highlights the economic drawbacks of the president’s proposed suspension of the US federal levy.

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  1. sierakowski91_Omar MarquesGetty Images_ukrainian refugees Omar Marques/Getty Images
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    Resentment on the Western Front

    Sławomir Sierakowski thinks the Polish public needs a more open and honest conversation about refugees before resentment spirals.
  2. vives17_ Leon NealGetty Images_ftx Leon Neal/Getty Images
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    Crypto’s Well-Worn Path to Crisis

    Xavier Vives writes that, despite the novelty of the assets, the narrative of FTX’s collapse was established long ago.
  3. roubini171_Spencer PlattGetty Images_recession looming Spencer Platt/Getty Images
    7

    The Unavoidable Crash

    Nouriel Roubini anticipates a stagflationary debt crisis, owing to a dangerous combination of inflation and over-borrowing.
  4. nye236_SAUL LOEBAFP via Getty Images_biden xi SAUL LOEB/AFP via Getty Images
    1

    War Over Taiwan?

    Joseph S. Nye, Jr. considers whether a deterrence arrangement that has worked for 50 years is still sufficient.
  5. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images
    2

    The Contested Fed

    James Livingston

    By all accounts, central banks – particularly the Fed, because the dollar is still the world’s dominant currency – already act as investment authorities. But their recent bailouts have exacerbated economic inequality, and have done little or nothing to address climate change.

     reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
  6. pisaniferry140_Sean GallupGetty Images_cop27 Sean GallupGetty Images
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    The Economics of Mainstreaming Climate Action

    Jean Pisani-Ferry & Selma Mahfouz identify the risks and short-term costs associated with the energy transition over the next decade.
  7. haldar15_ Tayfun CoskunAnadolu Agency via Getty Images_twitter Tayfun Coskun/Anadolu Agency via Getty Images
    2

    Killing Twitter

    Antara Haldar explains what Elon Musk fundamentally misunderstands about the platform – and about free speech.
  8. emmott41_musk
    2

    The Napoleons of Big Tech

    Bill Emmott

    Recent events in the technology sector suggest that investors and lenders should be demanding a premium to cover the risk that a star entrepreneur will become an egomaniacal dictator. With each business cycle, it seems, old lessons must be relearned.

     sees in the industry’s harsh reckoning this year lessons that apparently can’t be learned often enough.
  9. BP - ftx NurPhoto / Contributor via Getty Images
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    The Crypto Emperor’s New Clothes

    The collapse of several crypto platforms this year – including the spectacular crash of the second-largest cryptocurrency exchange, FTX – has raised fundamental questions about the credibility of a digital innovation once hailed as the key to democratizing finance. Has crypto finally been exposed as a scam, or will a new, stronger crypto industry emerge from the current turmoil?

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