A report last month that China's economy will soon become the world's largest has sparked worries.
Peter R. Orszag argues that much of the recent acceleration in U.S. health-care spending is temporary, but he cautions that the acceleration could become permanent if U.S. policy makers do not move more quickly to shift health-care payments to a fee-for-value basis.
Russia seems undeterred by sanctions, and the latest efforts to create a truce are failing.
A. Michael Spence writes that Spain appears to be in the early stages of restoring a balanced and sustainable growth pattern.
Peter R. Orszag argues that the beneficial effects of belief and psychology should not be ignored in health-care settings.
Peter R. Orszag writes that Sylvia Mathews Burwell could be a transformational secretary of Health and Human Services if she provides a clear glide path for shifting health care away from fee-for-service payments.
Peter R. Orszag argues that studies showing correlation between diet soda consumption and significant health risks do not necessarily prove that diet sodas are unsafe to drink.
Peter R. Orszag writes that temporarily patching Medicare reimbursment rates does nothing to strengthen financial incentives for doctors to deliver better-quality health care.
Benn Steil's latest op-ed in the Wall Street Journal, co-authored with Dinah Walker, explains why the ECB's anticipated foray into more aggressive monetary stimulus next week won't have any significant effect on the availability and cost of private-sector credit. The ECB believes that its ongoing bank stress tests will help revive the eurozone's moribund banking industry, but they argue that the tests are counterproductive without a mechanism in place to assure sufficient recapitalization of banks that fall short—as there was in the United States in 2009.
A. Michael Spence and David Brady argue that reformers facing tough constraints on fiscal policy can have a bigger impact on growth by targeting structural rigidities in their economies.
Peter R. Orszag warns that risk aversion leads to economic and political stagnation.
Peter R. Orszag argues that medical malpractice reform would be better served by changing the standards for what constitutes "customary practice" than by imposing arbitrary caps on liability.
A. Michael Spence argues that financial markets' tilt toward pessimism over emerging markets' growth prospects risks overcompensating for past inattention.
Peter R. Orszag argues the deceleration in health-care employment growth strengthens the case for easing restrictions on what routine tasks certain types of medical professionals can and cannot do.
Peter R. Orszag argues that new legislation giving health-care providers full responsibility for patient care, costs, and outcomes is an encouraging step toward increasing the quality of care supplied per Medicare dollar spent.
Peter R. Orszag writes that one source of income inequality is the increasing tendency of people to marry mates from similar economic and educational backgrounds.
Peter R. Orszag writes that greater domestic U.S. energy production and a slowdown in global trade have contributed to a deceleration in imports growth.
Peter R. Orszag argues that the United States will be unable to improve the efficiency of its health-care system unless it more aggressively pursues research into the comparative effectiveness of medical treatments.
A. Michael Spence argues that "secular stagnation" is not a problem that the United States and other advanced economies should try to solve.
The Center for Geoeconomic Studies works to promote a better understanding of how economic and geopolitical forces interact to influence world affairs.
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