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.
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.
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.
巴黎—尽管距离法国总统大选只有两个月的时间,但仍然感觉竞选活动还没有真正开始。左翼和右翼候选人都在忙着将自己的票仓与不相上下的对手区隔开来。每个人似乎都更专注于解决内部问题,而不是如何与现任总统埃马克龙对抗。
在左翼,七名候选人正在围绕不超过 25% 的选民玩一场零和游戏。在右翼,中间派和极端派之间也在上演类似的竞争,三名候选人最终争夺约 45% 的选民。目前民意调查显示马克龙第一轮将得到25%的选票,并在第二轮中连任,无论他面对的是极右翼的国家集会党(National Rally)的玛丽娜·勒庞(Marine Le Pen),还是传统中右翼的共和党(Les Républicains)的瓦莱里·佩克雷斯(Valérie Pécreese)。
与此同时,马克龙似乎满足于看着他的挑战者相互厮杀。他迟到最后一刻才正式宣布参选,并明确表示不会参加首轮辩论。
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