Economic commentators have at times speculated that the Federal Reserve’s current monetary policy of lowering interest rates is too restrictive and may ultimately lead to declining prices and stagnant economic growth in the U.S. similar to the deflationary experience in Japan. Alex Cukierman of Tel-Aviv University suggests, however, that...

Rarely have Western Europeans of late been so considerate of U.S. interests – assuming it's really better for American purposes that the current draft has been rejected by at least two of the nations whose assent was required.

The depreciation of the U.S. dollar has been gathering momentum; global financial markets must adjust to this trend. Our European allies worry about the impact on their own economic growth and the prospects for Asian economies are little better.

Europe's long march toward unification has faltered, and its political leadership and economic policies are in doubt.

During the recent campaign season, the Democrats blamed the financial crisis on “Republican deregulation,” in particular the Gramm-Leach-Bliley Act of 1999 (GLBA) and the Commodity Futures Modernization Act of 2000 (CFMA). The GLBA repealed the provisions of the Glass-Steagall Act of 1933 that prevented affiliations between commercial and investment banks,...

A huge amount is at stake in the German election this weekend. With the right sort of government in charge of Europe's largest economy, it could become a model for neighbours such as France and Italy. But the result of the election remains uncertain, and reform may prove elusive.

U.S. productivity growth accelerated in the mid-1990s and, despite the recession in 2001, has surged ahead at even higher rates over the past two years. Measured as growth in output per hour worked, increases in productivity are essential for sustained economic growth and increases in wages and jobs over the...