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Nicholas Stern

Nicholas Stern

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Nicholas Stern, a former chief economist of the World Bank (2000-03) and co-chair of the international High-Level Commission on Carbon Prices, is Professor of Economics and Government and Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science.

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  1. The Global Climate-Finance Challenge
    songwe7_Tony KARUMBA AFP) (Photo by TONY KARUMBAAFP via Getty Images_climate Photo by TONY KARUMBA/AFP via Getty Images

    The Global Climate-Finance Challenge

    Dec 8, 2022 Vera Songwe, et al. show how to mobilize the funding developing countries will need to avert the worst effects of global warming.

  2. The Investment Imperative for the G7
    nstern10_STEFAN ROUSSEAUPOOLAFP via Getty Images_g7 Stefan Rousseau/Pool/AFP via Getty Images

    The Investment Imperative for the G7

    Jun 9, 2021 Nicholas Stern sees the Cornwall summit as a vital opportunity to promote a sustainable, inclusive, and resilient recovery.

  3. Getting the Social Cost of Carbon Right
    nstern9_Robert NickelsbergGetty Images_coal Robert Nickelsberg/Getty Images

    Getting the Social Cost of Carbon Right

    Feb 15, 2021 Nicholas Stern & Joseph E. Stiglitz urge the Biden administration to put a higher price on greenhouse-gas emissions than its predecessors.

  4. Sustainability’s Moment of Truth
    nstern8_Sean GallupGetty Images_hikersglaciergreenland Sean Gallup/Getty Images

    Sustainability’s Moment of Truth

    Oct 4, 2019 Nicholas Stern warns that our future now depends on how much we reduce greenhouse-gas emissions in the next two decades.

  5. Keeping the Climate-Finance Promise
    Sunset.

    Keeping the Climate-Finance Promise

    Nov 12, 2015 Nicholas Stern charts the rich countries' progress toward helping the world's poor fight global warming.

  1. 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.
  2. 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 explains why the shift toward exchange-rate flexibility after 1973 was not a policy failure, as many believed.
  3. 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.
  4. 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.
  5. benami199_BULENT KILICAFP via Getty Images_ukraine BULENT KILIC/AFP via Getty Images
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    Peace Requires Betrayal

    Shlomo Ben-Ami shows why Ukraine and Russia will most likely have to pursue an unpopular endgame to stop the bloodshed.
  6. reichlin29_David L. RyanThe Boston Globe via Getty Images_svb David L. Ryan/The Boston Globe via Getty Images
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    Lessons from the SVB Collapse

    Lucrezia Reichlin

    Although Silicon Valley Bank was not deemed to be systemically important, its insolvency forced the US Federal Reserve to head off systemic contagion and exposed the inadequacy of the FDIC’s partial deposit insurance regime. The financial-stability framework adopted after the 2008 crisis obviously needs another overhaul.

     considers what the bank’s failure should mean for the current financial-stability framework.
  7. foglia4_kentohGetty Images_bankingregulations kentoh/Getty Images
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    It’s the Banking Regulations, Stupid

    Antonio Foglia traces the Silicon Valley Bank failure back to fundamental flaws in the prevailing governance framework.
  8. mazzucato52_Mario TamaGetty Images_water agriculture drought Mario Tama/Getty Images
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    Confronting the Global Water Crisis

    Mariana Mazzucato, et al. offer a seven-point blueprint for preserving one of the planet’s most important natural systems.
  9. op_haass3_Chris HondrosGetty Images_iraqwar Chris Hondros/Getty Images
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    Revisiting America’s War of Choice in Iraq

    Richard Haass considers the enduring lessons from a foreign intervention that was both ill-conceived and poorly executed.

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