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Beyond secular stagnation
Business, Joseph Stiglitz, Published on 08/09/2018
» The term "secular stagnation" became popular in the United States as World War II was drawing to a close. Economist Alvin Hansen (and many others) worried that, without the stimulation provided by the war, the economy would return to recession or depression. There was, it seemed, a fundamental malady.
Reform or divorce to cure euro zone malaise
Business, Joseph Stiglitz, Published on 29/08/2016
» To say that the euro zone has not been performing well since the 2008 crisis is an understatement. Its member countries have done more poorly than the European Union countries outside the euro zone, and much more poorly than the United States, which was the epicentre of the crisis.
Europe bombards Greek democracy
News, Joseph Stiglitz, Published on 02/07/2015
» The crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: It is about power and democracy much more than money and economics.