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An open platform for new thinking, with recent articles from Edward J. Kane, Lynn Parramore, Adam Tooze, and Thomas Herndon.

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Unstable Capital Flows Threaten Emerging Economies

It’s not just Turkey­—from India to Indonesia, external financial liabilities are a looming threat Read more

Market Power, Low Productivity, and Lagging Wages: The Real Drivers

To understand labor productivity—and growing inequality—you have to look at the “dual economy” Read more