Op-Eds

Will Greece Decide the German Elections? If So, What's Next?

Authors: Benn Steil and Dinah Walker
Forbes Online

Benn Steil's latest Forbes op-ed, co-authored with Dinah Walker, shows why Greece may turn out to be a deciding factor in the German elections. While it is widely believed that a fresh mandate for Chancellor Merkel means more robust German involvement to end the eurozone crisis, they show why the loss of her FDP coalition partner could mean the opposite.

See more in Greece; Germany; Elections; International Finance

China's End of Exuberance

Author: A. Michael Spence
Project Syndicate

Michael Spence writes that slowing growth puts Chinese authorities in the tricky position of shifting their economy from a growth model based heavily on public investment-led growth to a growth model that mixes more domestic consumption with higher-yielding forms of investment.

See more in China; Economic Development; Industrial Policy

Bernanke Is Calibrating the Markets Into Fits

Authors: Benn Steil and Dinah Walker
Financial News

Benn Steil and Dinah Walker explain the market massacre following Ben Bernanke's press conference on June 19. Bernanke's repeated statements that a key tool of current Fed policy, asset purchases, would be "calibrated" to employment data, each month's publication of which can imply a major shift in the unemployment trend line, suggests that Fed tightening could begin as early as the middle of next year—nearly a year and half earlier than the Fed had suggested in its pledge statement last fall.

See more in Financial Crises; Monetary Policy