Barry Eichengreen
Barry Eichengreen's Latest Articles | 12
Gauging the multiplier: Lessons from history
The size of the fiscal policy multiplier – and thus the impact of austerity on GDP – has been a contentious issue since the crisis started. The IMF recently... Read »
History, Gravity, and International Finance
International investment patterns play an important role in policy debates ranging from global imbalances to banking crises. This column shows that history should... Read »
A Tale of Two Depressions Redux
The debate over stimulus versus austerity continues unabated. This column shows that, while industrial production and trade recovered much more quickly than during... Read »
Rethinking Central Banking
Central banks have massively broadened their remit in recent crisis-laden years, but the standard analytic framework – ‘flexible inflation targeting’ – has... Read »
Ireland’s Rescue Package: Disaster for Ireland, Bad Omen for the Eurozone
Irish interest spreads did not fall and contagion continues. Here one of the world’s leading international economists explains why. Short-sighted, wishful thinking... Read »
From Currency Warfare to Lasting Peace
The ‘international currency war’ mentioned by Brazil’s finance minister poses massive dangers for the world trade and financial systems. This... Read »
Fetters of Gold and Paper
The world economy is experiencing tensions arising from inflexible exchange rates – particularly the dollar-renminbi peg and the Eurozone. Drawing on lessons from... Read »
How Housing Slumps End
The world’s current economic problems started when housing bubbles burst in several advanced economies. Economic recovery without housing market recovery is... Read »
The Impact of New Exchange Rate Regime on China’s Economy
China’s announcement of greater renminbi flexibility was welcomed by US and European leaders. This column discusses new empirical research on what happens to economies... Read »
Drawing a Line Under Europe’s Crisis
Financial crises feed on uncertainty. This essay warns that the longer the Eurozone crisis is allowed to linger, the greater will be the damage. But Europe can take... Read »







