The Federal Reserve’s 2 percent target rate of inflation is not strictly empirically derived. Should it modify this target moving forward?

In April, Olivier Dubois, an experienced French journalist, was kidnapped in Gao, a Malian city on the Niger River. Though his disappearance was soon known by the Malian and French authorities, and by the non-governmental organization Reporters Without Borders, nobody went public with the crime, ostensibly to facilitate the victim's quick release.

The IMF's country-level fiscal advice has an adding up problem. The IMF (over time) wants most countries to match the euro zone and head toward fiscal balance. That though would leave the world short…

It is a useful indicator (even for the U.S.)

This post was co-authored by Cheryl Strauss Einhorn and Andrea Walther-Puri. Cheryl is an adjunct professor at Columbia Business School. Andrea is a researcher focusing on security sector reform and …