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The Economist
Professor Hélène Rey, with Gita Gopinath and Pierre-Olivier Gourinchas, argues that global imbalances are driven by underlying domestic saving, consumption and fiscal policies, not an undervalued yuan, so lasting rebalancing requires macroeconomic reforms in both China and the US rather than exchange-rate adjustments.
Corriere della Sera
Lucrezia Reichlin argues that central banks should reduce uncertainty by clearly explaining the principles behind their decisions, because markets can cope with economic uncertainty but not uncertainty about how monetary policy is made.
Bloomberg Surveillance
Professor Sergei Guriev, Dean of London Business School, told Bloomberg Surveillance that while Vladimir Putin's regime appears stable, it is inherently brittle, with the war in Ukraine increasingly exposing Russia to mounting economic, demographic and military pressures, reshaping modern warfare through drones, and ultimately undermining Russia's long-term future.
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