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Barry Eichengreen
By Barry Eichengreen - Apr 13,2016
I have no special expertise on the question of whether Britain should leave (or “Brexit”) the European Union.True, I did live in the United Kingdom until a bit less than a year ago.
By Barry Eichengreen - Jan 15,2016
The silly season that is a presidential election campaign in the United States has taken a particularly absurd turn as the candidates offer their proposals for monetary policy reform.This is not the first time, of course, that presidential candidates have proposed changing how US
By Barry Eichengreen - Dec 29,2015
Recent trends in productivity growth make it hard to be optimistic about the future. In 2014, the global growth of total factor productivity, or TFP, which measures the combined productivity of capital and labour, was essentially zero for the third consecutive year. Thi
By Barry Eichengreen - Oct 21,2015
It is hard to be optimistic about Europe.Last summer, a political cage match between Germany and Greece threatened to tear the European Union apart.In country after country, extremist political parties are gaining ground.And Russian President Vladimir Putin’s incursion into Ukrai
By Barry Eichengreen - Jul 22,2015
Whatever one thinks about the tactics of Greek Prime Minister Alexis Tsipras’s government in negotiations with the country’s creditors, the Greek people deserve better than what they are being offered.
By Barry Eichengreen - Feb 14,2015
Around the world, central banks’ balance sheets are becoming an increasingly serious concern — most notably for monetary policy makers themselves. When the Swiss National Bank (SNB) abandoned its exchange rate peg last month, causing the franc to soar by a nosebleed
By Barry Eichengreen - Nov 15,2014
Insecurity is haunting Ukraine — and not just geopolitical insecurity, but economic insecurity as well. Output is in freefall.
By Barry Eichengreen - Aug 16,2014
For the leaders of the BRICS countries (Brazil, Russia, India, China and South Africa), the announcement in July of their agreement to establish a “New Development Bank” (NDB) and a “Contingent Reserve Arrangement” (CRA) was a public relations coup. The o
By Barry Eichengreen - Jul 26,2014
European and Chinese officials have made two notable announcements in recent weeks. On June 18, China’s second largest financial institution, China Construction Bank, was designated as the official renminbi clearing bank for London.
By Barry Eichengreen - Jun 28,2014
With Jeremy Stein’s return to his academic post at Harvard at the end of May, the US Federal Reserve Board lost its leading proponent of the view that monetary policy should be used to lean against financial excesses. Stein’s view, expressed in a speech earlier this



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