Michael R. Strain explains why a robust economy depends on public confidence in the integrity of official data.

All Europeans, whether inside or outside the European Union, must rearm themselves and develop plans for either of two scenarios: one with America in the picture, and one without it, Joschka Fischer explains.

Nouriel Roubini expects a tech-driven growth boom to outweigh the effects of stagflationary policies.

.@realDonaldTrump's trade policy has no foundation in principle, economic theory, or institutions; it is purely arbitrary and subjective, and that is the point, writes @ThomasBerntH.

Nilima Gulrajani & John Hendra emphasize the importance of building consensus on the organization's essential functions.

China's government has implemented a broad range of policies aimed at encouraging families to have children, notes Nancy Qian, but fertility remains low. What now?

An emerging market is one in which doubts about debt sustainability drive the exchange rate. That sounds like the United States since @realDonaldTrump's return to the White House, observes @AndresVelasco.

.@realDonaldTrump has managed to impose his will on US economic policy more forcefully than any post-World War II president, with the possible exception of Ronald Reagan, observes @Harvard’s @krogoff. But winning is not the same as succeeding.

Most Americans want a new, principled politics. There are at least 11,000 ways for them to help make it a reality, observes @NewAmerica’s @SlaughterAM.

If the international community is serious about defending democratic values, religious freedom, and South Asian stability, it can no longer turn a blind eye to Bangladesh’s downward spiral, writes @Chellaney.

In a fragmented world, climate cooperation offers one of the most credible foundations on which to build and strengthen strategic relationships, @LaurenceTubiana explains.

The rise of stablecoins, tokenized assets, and central bank digital currencies fundamentally changes the logic of global monetary competition, observes @helene_rey (@LBS). Preserving monetary stability in such a landscape will be no easy feat.

James A. Goldston grapples with the feeling of being complicit in ongoing atrocities and rights violations.

Thomas Bernt Henriksen considers the implications of the European Union’s recent trade deal with the United States.

Brahma Chellaney describes a country gripped by repression, lawlessness, and escalating Islamist violence.

In a new PS Big Picture, @MichaelRStrain and @krogoff explain why @realDonaldTrump’s obsession with lower short-term interest rates is self-defeating, while Otmar Issing and Katharina Pistor (@ColumbiaLaw) highlight ways the @federalreserve invited attacks on its independence.

Andrés Velasco sees disturbing parallels between the United States and countries on the verge of a public-debt crisis.

Kenneth Rogoff thinks the administration’s early momentum hides lasting damage to American and global institutions.

Instead of responding to China’s green-tech dominance with defensive industrial policy, the EU should pursue a partnership anchored in ambitious climate delivery, explain Emmanuel Guerin and @BerniceWLee.

Over the past five years, reformers from the political left, center, and right have launched new initiatives aimed at reforming America’s two-party system. Unsurprisingly, many of them reject traditional partisan labels, notes @NewAmerica’s @SlaughterAM.