Joseph E. Stiglitz, Lucrezia Reichlin, Kenneth Rogoff, and more in Behind the Headlines

Also featuring Nina L. Khrushcheva, Willem H. Buiter, Mariana Mazzucato, and more [View this message in a web browser]( [PS Behind the Headlines]( FEBRUARY 1, 2023 [Too Soon for Global Optimism]( [Too Soon for Global Optimism]( [Kenneth Rogoff]( warns that the Ukraine war and economic fragmentation are still jeopardizing world growth prospects. [Davos Man Has a People Problem]( [Davos Man Has a People Problem]( [Antara Haldar]( suspects that the socially "disembedded" economic logic of globalization has gone as far as it can go. Is Monetary Tightening Going Too Far? Even as inflation expectations stabilize, the world’s major central banks seem committed to continued rate hikes. This week at PS, Joseph E. Stiglitz and Lucrezia Reichlin show why this hawkish approach is misguided. --------------------------------------------------------------- [How Not to Fight Inflation]( [Joseph E. Stiglitz]( sees little upside and much downside to further monetary-policy tightening by the US Federal Reserve. --------------------------------------------------------------- [Central Banks Should Slow Down]( [Lucrezia Reichlin]( fears the consequences of excessive interest-rate hikes in the US, the UK, and especially the eurozone. [For the Common Good]( [Mariana Mazzucato]( outlines a new governance model for ensuring a fairer distribution of agency, risk, and reward. [Eliminate the Debt Ceiling]( [Willem H. Buiter]( thinks the US Constitution and common sense argue for a de facto abolition of the cap. [PS Big Question: Could the “Chinese Century” Belong to India?]( [Could the “Chinese Century” Belong to India?]( [Pranab Bardhan]( [Brahma Chellaney]( [Pinelopi Koujianou Goldberg]( and [Yi Fuxian]( predict whether India’s rising star will soon outshine China’s. [Assassinated Are the Peacemakers?]( [Nina L. Khrushcheva]( highlights the grave risks that Ukrainian President Volodymyr Zelensky would incur by negotiating with Russia. [Why Industrial Policy Is Back]( [Ricardo Hausmann]( explains why economic theory has finally begun to catch up with centuries of economic practice. [PS. Subscribe now to secure your copy of PS Quarterly: The Year Ahead 2023.]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. Receipt of this newsletter does not guarantee rights to re-publish any of its content. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.