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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. gaffney4_Leonardo MunozVIEWpress_tax Leonardo Munoz/VIEWpress
    1

    Tax the Rich to Save the Planet

    Owen Gaffney argues that reducing economic inequality is the key to strengthening democracy and mitigating climate change.
  2. nye240_Yuichiro ChinoGetty Images_worldtechnologyconnection Yuichiro Chino/Getty Images
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    Is Globalization Over?

    Joseph S. Nye, Jr. explains why reports of the death of humanity's interdependence are greatly exaggerated.
  3. goldsmith3_LEONARDO MUNOZAFP via Getty Images_trumpindictment Leonardo Munoz/AFP via Getty Images
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    Putin and Trump in the Dock?

    Jack Goldsmith explains the risks associated with pursuing criminal prosecutions against high-profile political figures.
  4. fischer202_JULIEN DE ROSAAFP via Getty Images_ukraine JULIEN DE ROSA/AFP via Getty Images
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    The Great Revision

    Joschka Fischer examines the broader geopolitical restructuring that was triggered by Russia’s full-scale invasion of Ukraine.
  5. op_feld2_Mike KempIn Pictures via Getty Images_inflation Mike Kemp/In Pictures via Getty Images
    3

    Why Inflation Persists

    Lars P. Feld

    What "Team Transitory" has missed in the inflation debate is that inflation tends to become persistent because of second-round effects. Not only have producer prices risen over the past year or so, but they also have not yet been fully passed through the value chain.

     navigates the complex array of factors that give rise to one of the biggest problems in macroeconomics.
  6. haldar19_ Beata ZawrzelNurPhoto via Getty Images_wanted putin Beata Zawrzel/NurPhoto via Getty Images
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    Wanted: Vladimir Putin

    Antara Haldar explains why the International Criminal Court’s indictment is more than just a symbolic victory.
  7. BP financial crisis Anadolu Agency / Contributor via Getty Images
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    Here We Go Again?

    Fifteen years after the collapse of the US investment bank Lehman Brothers triggered a devastating global financial crisis, the banking system is in trouble again. Central bankers and financial regulators each seem to bear some of the blame for the recent tumult, but there is significant disagreement over how much – and what, if anything, can be done to avoid a deeper crisis.

  8. roubini175_Michael M. SantiagoGetty Images_debt crisis Michael M. Santiago/Getty Images
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    The Coming Doom Loop

    Nouriel Roubini warns that liquidity support will not be enough to prevent a deeper financial crisis and economic downturn.
  9. james202_FABRICE COFFRINIAFP via Getty Images_ubs credit suisse FABRICE COFFRINI/AFP via Getty Images
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    Crises of Uncertainty

    Harold James fears the consequences of policymakers’ continual revision of economic and financial governance rules.

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