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Shang-Jin Wei

Shang-Jin Wei

Writing for PS since 2015
53 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. Can China Save Its Economic Miracle?
    wei54_Chen JiminChina News Service via Getty Images_chinaolineeducation Chen Jimin/China News Service via Getty Images

    Can China Save Its Economic Miracle?

    Jan 4, 2023 Shang-Jin Wei outlines the challenges facing the country as firms and households get out from under pandemic restrictions.

  2. Life, Liberty, and Lost Output
    wei53_HECTOR RETAMALAFP via Getty Images_zero covid HECTOR RETAMAL/AFP via Getty Images

    Life, Liberty, and Lost Output

    Dec 6, 2022 Shang-Jin Wei considers the cost-benefit calculations fueling China’s protests against the government’s zero-COVID policy.

  3. 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.

  4. 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.

  5. 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.

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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
    6

    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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