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Eswar Prasad

Eswar Prasad

26 commentaries

Eswar Prasad, Professor of Economics in the Dyson School at Cornell University, is a senior fellow at the Brookings Institution and the author of The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance (Harvard University Press, 2021).

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  1. The Global Economy’s Hidden Weaknesses
    prasad25_metamorworksGetty Images_globaleconomy metamorworks/Getty Images

    The Global Economy’s Hidden Weaknesses

    Oct 18, 2024 Eswar Prasad looks beyond promising headline trends to identify deep-seated risks and barriers to growth.

  2. A Weak, Uneven Global Recovery
    prasad24_Michael M. SantiagoGetty Images_nyse Michael M. Santiago/Getty Images

    A Weak, Uneven Global Recovery

    Apr 12, 2024 Eswar Prasad & Caroline Smiltneks explain why domestic political divisions and inflationary pressures jeopardize current market optimism.

  3. Whither Crypto?
    juels1_Anthony KwanGetty Images_bitcoin Anthony Kwan/Getty Images

    Whither Crypto?

    Nov 15, 2023 Ari Juels & Eswar Prasad look beyond the industry’s rampant fraud to a future of blockchain-enabled financial transparency.

  4. The Global Recovery Is Faltering
    prasad22_Michael M. SantiagoGetty Images_nyse Michael M. Santiago/Getty Images

    The Global Recovery Is Faltering

    Oct 6, 2023 Eswar Prasad warns that economic activity is weakening across the board, even as the specter of high inflation recedes.

  5. A Perilous Macroeconomic Moment
    prasad21_Michael M. SantiagoGetty Images_NYSE Michael M. Santiago/Getty Images

    A Perilous Macroeconomic Moment

    Apr 7, 2023 Eswar Prasad warns that inflation woes and banking failures are likely to impede global growth beyond this year.

  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
    1

    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
    2

    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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