(AGENPARL) – mar 24 maggio 2022 Economists miscalculated the disruptions of the global financial crisis and the pandemic—and need to build better models []
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Dear Colleague,
“As for the financial crisis, most of them underestimated the risks of financial globalization, and when it came to the pandemic, most overestimated the risks of sprawling, intricate production networks and trade globalization,” they write.
“As the Russian invasion of Ukraine and the sweeping sanctions that followed now threaten to ignite a third great crisis, it’s important to understand where economic analysis goes wrong and the adjustments practitioners need to make to get things right.”
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Geo-Economic Puzzle: Policymaking in a More Fragmented World
Our June issue will focus on the geo-economics of the current global situation, including the war in Ukraine, refugees, and food prices.
Tharman Shanmugaratnum provides a compelling overview, accompanying a “Straight Talk” by Pierre-Olivier Gourinchas. We also feature articles by Eswar Prasad on dollar dominance; Oxford’s Patricia Clavin on the lessons of history for today; Cornell’s Nicholas Mulder on the power of sanctions against Russia; Sciences-Po’s Sergei Guriev on how social media is reshaping the war in Ukraine; Columbia’s Gernot Wagner on the opportunity he sees for the energy transition amid the crisis; and UC-Davis’s Giovanni Peri on how Ukrainian refugees can be assets to their new home countries. Ruchir Agarwal and Miles Kimball mull whether inflation will remain high, while Andrew Stanley explains in an infographic how skyrocketing food prices are causing a hunger crisis.
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Nick Owen
Senior Editor
F&D Magazine
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