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: titlepiece : nav : primary : Culture" class="dcr-7612kl">Culture</a></li><li class="dcr-1kcody2"><a href="/lifeandstyle" style="--pillar-underline:#FFABDB;" data-link-name="header : titlepiece : nav : primary : Lifestyle" class="dcr-7612kl">Lifestyle</a></li></ul></div><div class="dcr-1hrapdy"><label id="header-veggie-burger" aria-label="Toggle main menu" for="header-nav-input-checkbox" data-link-name="header : veggie-burger : show" tabIndex="0" role="button" data-testid="veggie-burger" class="dcr-1xv1515"><span class="dcr-b3mn8w"><span class="dcr-1nvgr5i">Show more</span><svg width="26" viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" aria-hidden="true"><path fill-rule="evenodd" clip-rule="evenodd" d="M23 7V5H1v2zm0 6v-2H1v2zm0 6v-2H1v2z" fill="var(--masthead-veggie-burger-icon)"></path></svg></span><span class="dcr-li5n90"><span class="dcr-1nvgr5i">Hide expanded menu</span><svg width="26" viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" aria-hidden="true"><path fill-rule="evenodd" clip-rule="evenodd" d="M12.015 14.042 20.707 22 22 20.709 14.06 12 22 3.291 20.707 2l-8.692 7.958L3.293 2.03 2 3.321 9.97 12 2 20.679l1.293 1.291z" fill="var(--masthead-veggie-burger-icon)"></path></svg></span></label></div><div id="header-expanded-menu-root" class="dcr-1ef3v4m"><div id="header-expanded-menu" data-testid="expanded-menu" class="dcr-14vdg2"><div class="dcr-1srap2j"><div class="dcr-10y96fo"><ul role="menubar" data-testid="nav-menu-columns" class="dcr-6sl420"><li role="none" class="dcr-lpsfc3"><script>document.addEventListener('DOMContentLoaded', function(){ var columnInput = document.getElementById('News-button'); if (!columnInput) return; // Sticky nav replaces the nav so element no longer exists for users in test. columnInput.addEventListener('keydown', function(e){ // keyCode: 13 => Enter key | keyCode: 32 => Space key if (e.keyCode === 13 || e.keyCode === 32) { e.preventDefault() document.getElementById('News-checkbox-input').click(); } }) })</script><input type="checkbox" id="News-checkbox-input" tabIndex="-1" aria-hidden="true" class="dcr-1acea34"/><label id="News-button" aria-label="Toggle News" for="News-checkbox-input" aria-haspopup="true" aria-controls="newsLinks" tabIndex="-1" role="menuitem" data-testid="column-collapse-News" data-link-name="header : secondary : News" class="selectableMenuItem dcr-o6rk0u">News</label><ul role="menu" id="newsLinks" data-testid="newsLinks" class="dcr-11vt4tq"><li role="none" class="dcr-9ra8aa"><a href="/" role="menuitem" data-link-name="header : secondary : View all News" data-testid="column-collapse-sublink-News" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">View all News</a></li><li role="none" class="dcr-4hq641"><a href="/world" role="menuitem" data-link-name="header : secondary : World news" data-testid="column-collapse-sublink-World" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">World news</a></li><li role="none" class="dcr-4hq641"><a href="/us-news/us-politics" role="menuitem" data-link-name="header : secondary : US politics" data-testid="column-collapse-sublink-US politics" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">US politics</a></li><li role="none" class="dcr-4hq641"><a href="/uk-news" role="menuitem" data-link-name="header : secondary : UK news" data-testid="column-collapse-sublink-UK" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">UK news</a></li><li role="none" class="dcr-4hq641"><a href="/environment/climate-crisis" role="menuitem" data-link-name="header : secondary : Climate crisis" data-testid="column-collapse-sublink-Climate crisis" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Climate crisis</a></li><li role="none" class="dcr-4hq641"><a href="/world/middleeast" role="menuitem" data-link-name="header : secondary : Middle East" data-testid="column-collapse-sublink-Middle East" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Middle East</a></li><li role="none" class="dcr-4hq641"><a href="/world/ukraine" role="menuitem" data-link-name="header : secondary : Ukraine" data-testid="column-collapse-sublink-Ukraine" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Ukraine</a></li><li role="none" class="dcr-4hq641"><a href="/environment" role="menuitem" data-link-name="header : secondary : Environment" data-testid="column-collapse-sublink-Environment" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Environment</a></li><li role="none" class="dcr-4hq641"><a href="/science" role="menuitem" data-link-name="header : secondary : Science" data-testid="column-collapse-sublink-Science" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Science</a></li><li role="none" class="dcr-4hq641"><a href="/global-development" role="menuitem" data-link-name="header : secondary : Global development" data-testid="column-collapse-sublink-Global development" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Global development</a></li><li role="none" class="dcr-4hq641"><a href="/football" role="menuitem" data-link-name="header : secondary : Football" data-testid="column-collapse-sublink-Football" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Football</a></li><li role="none" class="dcr-4hq641"><a href="/technology" role="menuitem" data-link-name="header : secondary : Tech" data-testid="column-collapse-sublink-Tech" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Tech</a></li><li role="none" class="dcr-4hq641"><a href="/business" role="menuitem" data-link-name="header : secondary : Business" data-testid="column-collapse-sublink-Business" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Business</a></li><li role="none" class="dcr-4hq641"><a href="/obituaries" role="menuitem" data-link-name="header : secondary : Obituaries" data-testid="column-collapse-sublink-Obituaries" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Obituaries</a></li></ul><div class="dcr-1tnoaxa"></div></li><li role="none" class="dcr-lpsfc3"><script>document.addEventListener('DOMContentLoaded', function(){ var columnInput = document.getElementById('Opinion-button'); if (!columnInput) return; // Sticky nav replaces the nav so element no longer exists for users in test. columnInput.addEventListener('keydown', function(e){ // keyCode: 13 => Enter key | keyCode: 32 => Space key if (e.keyCode === 13 || e.keyCode === 32) { e.preventDefault() document.getElementById('Opinion-checkbox-input').click(); } }) })</script><input type="checkbox" id="Opinion-checkbox-input" tabIndex="-1" aria-hidden="true" class="dcr-1acea34"/><label id="Opinion-button" aria-label="Toggle Opinion" for="Opinion-checkbox-input" aria-haspopup="true" aria-controls="opinionLinks" tabIndex="-1" role="menuitem" data-testid="column-collapse-Opinion" data-link-name="header : secondary : Opinion" class="selectableMenuItem dcr-p0c3jt">Opinion</label><ul role="menu" id="opinionLinks" data-testid="opinionLinks" class="dcr-v7ibvm"><li role="none" class="dcr-9ra8aa"><a href="/commentisfree" role="menuitem" data-link-name="header : secondary : View all Opinion" data-testid="column-collapse-sublink-Opinion" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">View all Opinion</a></li><li role="none" class="dcr-4hq641"><a href="/profile/editorial" role="menuitem" data-link-name="header : secondary : The Guardian view" data-testid="column-collapse-sublink-The Guardian view" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">The Guardian view</a></li><li role="none" class="dcr-4hq641"><a href="/index/contributors" role="menuitem" data-link-name="header : secondary : Columnists" data-testid="column-collapse-sublink-Columnists" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Columnists</a></li><li role="none" class="dcr-4hq641"><a href="/tone/cartoons" role="menuitem" data-link-name="header : secondary : Cartoons" data-testid="column-collapse-sublink-Cartoons" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Cartoons</a></li><li role="none" class="dcr-4hq641"><a href="/type/video+tone/comment" role="menuitem" data-link-name="header : secondary : Opinion videos" data-testid="column-collapse-sublink-Opinion videos" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Opinion videos</a></li><li role="none" class="dcr-4hq641"><a href="/tone/letters" role="menuitem" data-link-name="header : secondary : Letters" data-testid="column-collapse-sublink-Letters" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Letters</a></li></ul><div class="dcr-1j2dgzz"></div></li><li role="none" class="dcr-lpsfc3"><script>document.addEventListener('DOMContentLoaded', function(){ var columnInput = document.getElementById('Sport-button'); if (!columnInput) return; // Sticky nav replaces the nav so element no longer exists for users in test. columnInput.addEventListener('keydown', function(e){ // keyCode: 13 => Enter key | keyCode: 32 => Space key if (e.keyCode === 13 || e.keyCode === 32) { e.preventDefault() document.getElementById('Sport-checkbox-input').click(); } }) })</script><input type="checkbox" id="Sport-checkbox-input" tabIndex="-1" aria-hidden="true" class="dcr-1acea34"/><label id="Sport-button" aria-label="Toggle Sport" for="Sport-checkbox-input" aria-haspopup="true" aria-controls="sportLinks" tabIndex="-1" role="menuitem" data-testid="column-collapse-Sport" data-link-name="header : secondary : Sport" class="selectableMenuItem dcr-10b2o1s">Sport</label><ul role="menu" id="sportLinks" data-testid="sportLinks" class="dcr-wp8bgr"><li role="none" class="dcr-9ra8aa"><a href="/sport" role="menuitem" data-link-name="header : secondary : View all Sport" data-testid="column-collapse-sublink-Sport" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">View all Sport</a></li><li role="none" class="dcr-4hq641"><a href="/football" role="menuitem" data-link-name="header : secondary : Football" data-testid="column-collapse-sublink-Football" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Football</a></li><li role="none" class="dcr-4hq641"><a href="/sport/cricket" role="menuitem" data-link-name="header : secondary : Cricket" data-testid="column-collapse-sublink-Cricket" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Cricket</a></li><li role="none" class="dcr-4hq641"><a href="/sport/rugby-union" role="menuitem" data-link-name="header : secondary : Rugby union" data-testid="column-collapse-sublink-Rugby union" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Rugby union</a></li><li role="none" class="dcr-4hq641"><a href="/sport/tennis" role="menuitem" data-link-name="header : secondary : Tennis" data-testid="column-collapse-sublink-Tennis" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Tennis</a></li><li role="none" class="dcr-4hq641"><a href="/sport/cycling" role="menuitem" data-link-name="header : secondary : Cycling" data-testid="column-collapse-sublink-Cycling" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Cycling</a></li><li role="none" class="dcr-4hq641"><a href="/sport/formulaone" role="menuitem" 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key | keyCode: 32 => Space key if (e.keyCode === 13 || e.keyCode === 32) { e.preventDefault() document.getElementById('Culture-checkbox-input').click(); } }) })</script><input type="checkbox" id="Culture-checkbox-input" tabIndex="-1" aria-hidden="true" class="dcr-1acea34"/><label id="Culture-button" aria-label="Toggle Culture" for="Culture-checkbox-input" aria-haspopup="true" aria-controls="cultureLinks" tabIndex="-1" role="menuitem" data-testid="column-collapse-Culture" data-link-name="header : secondary : Culture" class="selectableMenuItem dcr-x5fwww">Culture</label><ul role="menu" id="cultureLinks" data-testid="cultureLinks" class="dcr-1yytfii"><li role="none" class="dcr-9ra8aa"><a href="/culture" role="menuitem" data-link-name="header : secondary : View all Culture" data-testid="column-collapse-sublink-Culture" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">View all Culture</a></li><li role="none" class="dcr-4hq641"><a href="/books" role="menuitem" data-link-name="header : 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document.getElementById('Lifestyle-button'); if (!columnInput) return; // Sticky nav replaces the nav so element no longer exists for users in test. columnInput.addEventListener('keydown', function(e){ // keyCode: 13 => Enter key | keyCode: 32 => Space key if (e.keyCode === 13 || e.keyCode === 32) { e.preventDefault() document.getElementById('Lifestyle-checkbox-input').click(); } }) })</script><input type="checkbox" id="Lifestyle-checkbox-input" tabIndex="-1" aria-hidden="true" class="dcr-1acea34"/><label id="Lifestyle-button" aria-label="Toggle Lifestyle" for="Lifestyle-checkbox-input" aria-haspopup="true" aria-controls="lifestyleLinks" tabIndex="-1" role="menuitem" data-testid="column-collapse-Lifestyle" data-link-name="header : secondary : Lifestyle" class="selectableMenuItem dcr-yq9plo">Lifestyle</label><ul role="menu" id="lifestyleLinks" data-testid="lifestyleLinks" class="dcr-1utnfys"><li role="none" class="dcr-9ra8aa"><a href="/lifeandstyle" role="menuitem" data-link-name="header : secondary : View all Lifestyle" data-testid="column-collapse-sublink-Lifestyle" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">View all Lifestyle</a></li><li role="none" class="dcr-4hq641"><a href="/fashion" role="menuitem" data-link-name="header : secondary : Fashion" data-testid="column-collapse-sublink-Fashion" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Fashion</a></li><li role="none" class="dcr-4hq641"><a href="/food" role="menuitem" data-link-name="header : secondary : Food" data-testid="column-collapse-sublink-Food" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Food</a></li><li role="none" class="dcr-4hq641"><a href="/tone/recipes" role="menuitem" data-link-name="header : secondary : Recipes" data-testid="column-collapse-sublink-Recipes" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Recipes</a></li><li role="none" class="dcr-4hq641"><a href="/lifeandstyle/love-and-sex" role="menuitem" data-link-name="header : secondary : Love 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data-component="3-march-2022" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2022/mar/03/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">3 March 2022</h2></a></div></div></div><div id="container-3-march-2022" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2022/mar/03/putin-invation-ukraine-peace-dividend-russia" data-link-name="comment | group-0 | card-@1" aria-label="Putin’s invasion of Ukraine suggests the ‘peace dividend’ is fading" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/2b1faa7e649bbf8fd6da7754a964d9c6b0ec46ab/22_137_3454_2072/master/3454.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/2b1faa7e649bbf8fd6da7754a964d9c6b0ec46ab/22_137_3454_2072/master/3454.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/2b1faa7e649bbf8fd6da7754a964d9c6b0ec46ab/22_137_3454_2072/master/3454.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/2b1faa7e649bbf8fd6da7754a964d9c6b0ec46ab/22_137_3454_2072/master/3454.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/2b1faa7e649bbf8fd6da7754a964d9c6b0ec46ab/22_137_3454_2072/master/3454.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/2b1faa7e649bbf8fd6da7754a964d9c6b0ec46ab/22_137_3454_2072/master/3454.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Russian president, Vladimir Putin" src="https://i.guim.co.uk/img/media/2b1faa7e649bbf8fd6da7754a964d9c6b0ec46ab/22_137_3454_2072/master/3454.jpg?width=240&dpr=1&s=none&crop=none" loading="eager" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Putin’s invasion of Ukraine suggests the ‘peace dividend’ is fading</span></h3><span class="dcr-pyxv1k">Kenneth Rogoff</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>Russia’s attack reminds western nations that they must leave sufficient finances to guard against external aggression</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2022-03-03T07:00:04.000Z" data-locale="en-gb" title="Thursday 3 March 2022 at 07:00 Greenwich Mean Time">3 Mar 2022 07.00 GMT</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><span class="dcr-12r3co1"><div class="ad-slot-container"><div id="dfp-ad--top-above-nav--mobile" data-link-name="ad slot top-above-nav" 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srcSet="https://i.guim.co.uk/img/media/ef957cf058ebb2b1d97669917d06a0b83be3a12c/0_993_2181_1309/master/2181.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/ef957cf058ebb2b1d97669917d06a0b83be3a12c/0_993_2181_1309/master/2181.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/ef957cf058ebb2b1d97669917d06a0b83be3a12c/0_993_2181_1309/master/2181.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/ef957cf058ebb2b1d97669917d06a0b83be3a12c/0_993_2181_1309/master/2181.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="A screen displays a live statement by the Federal Reserve chair, Jerome Powell" src="https://i.guim.co.uk/img/media/ef957cf058ebb2b1d97669917d06a0b83be3a12c/0_993_2181_1309/master/2181.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Big economies and markets fare well despite Covid but 2022 brings new risks</span></h3><span class="dcr-pyxv1k">Nouriel Roubini</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>The pandemic is not over and the next 12 months pose geopolitical and systemic challenges</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-12-30T07:00:43.000Z" data-locale="en-gb" title="Thursday 30 December 2021 at 07:00 Greenwich Mean Time">30 Dec 2021 07.00 GMT</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><div class="top-fronts-banner-ad-container dcr-12mgsnl"><div class="ad-slot-container dcr-dk0wj3"><div id="dfp-ad--fronts-banner-1" data-link-name="ad slot fronts-banner-1" data-name="fronts-banner-1" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--fronts-banner-1 ad-slot--rendered false dcr-aygtuk"></div></div></div><section id="3-december-2021" data-link-name="container-2 | 3-december-2021" data-component="3-december-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/dec/03/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">3 December 2021</h2></a></div></div></div><div id="container-3-december-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/dec/03/cop26-could-be-a-watershed-in-greening-the-financial-sector" data-link-name="comment | group-0 | card-@3" aria-label="Cop26 could be a watershed in greening the financial sector" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/e1ee37e6c1522ea6a29fe1137b1452428ec372e6/0_236_4320_2591/master/4320.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/e1ee37e6c1522ea6a29fe1137b1452428ec372e6/0_236_4320_2591/master/4320.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/e1ee37e6c1522ea6a29fe1137b1452428ec372e6/0_236_4320_2591/master/4320.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/e1ee37e6c1522ea6a29fe1137b1452428ec372e6/0_236_4320_2591/master/4320.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/e1ee37e6c1522ea6a29fe1137b1452428ec372e6/0_236_4320_2591/master/4320.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/e1ee37e6c1522ea6a29fe1137b1452428ec372e6/0_236_4320_2591/master/4320.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Former Bank of England governor Mark Carney takes part in a panel discussion on carbon pricing at Cop26 in Glasgow" src="https://i.guim.co.uk/img/media/e1ee37e6c1522ea6a29fe1137b1452428ec372e6/0_236_4320_2591/master/4320.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Cop26 could be a watershed in greening the financial sector</span></h3><span class="dcr-pyxv1k">Howard Davies</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>New initiatives could give bankers the tools to help their clients fund and manage the green transition</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-12-03T13:33:30.000Z" data-locale="en-gb" title="Friday 3 December 2021 at 13:33 Greenwich Mean Time">3 Dec 2021 13.33 GMT</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><span class="dcr-90inr0"><div class="ad-slot-container dcr-17n294h"><div id="dfp-ad--merchandising-high" data-link-name="ad slot merchandising-high" data-name="merchandising-high" data-refresh="false" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--merchandising-high dcr-ivr0sq"></div></div></span><section id="10-november-2021" data-link-name="container-3 | 10-november-2021" data-component="10-november-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/nov/10/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">10 November 2021</h2></a></div></div></div><div id="container-10-november-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/nov/10/why-the-federal-reserve-chair-jerome-powell-must-go" data-link-name="comment | group-0 | card-@4" aria-label="Why the Federal Reserve chair Jerome Powell must go" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-1j6t3k2"><div class="dcr-6beg42"><div class="dcr-hct2iq"><picture class="dcr-1gesx20"><source srcSet="https://i.guim.co.uk/img/uploads/2017/10/06/Joseph-Stiglitz,-L.png?width=140&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/uploads/2017/10/06/Joseph-Stiglitz,-L.png?width=140&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/uploads/2017/10/06/Joseph-Stiglitz,-L.png?width=75&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/uploads/2017/10/06/Joseph-Stiglitz,-L.png?width=75&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Joseph Stiglitz" src="https://i.guim.co.uk/img/uploads/2017/10/06/Joseph-Stiglitz,-L.png?width=75&dpr=1&s=none&crop=none" class="dcr-1yduq3m"/></picture></div></div><div class="dcr-17qj1mj"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Why the Federal Reserve chair Jerome Powell must go</span></h3><span class="dcr-pyxv1k">Joseph Stiglitz</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>Joe Biden needs someone at the top who shares his values – so step forward then please … Lael Brainard</div></div></span></div><div></div></div></div><div style="padding:0px;"><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-11-10T06:00:31.000Z" data-locale="en-gb" title="Wednesday 10 November 2021 at 06:00 Greenwich Mean Time">10 Nov 2021 06.00 GMT</time></span></footer></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><span class="dcr-12r3co1"><div class="ad-slot-container"><div id="dfp-ad--inline1--mobile" data-link-name="ad slot inline1" data-name="inline1" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--inline1 ad-slot--container-inline ad-slot--mobile mobile-only ad-slot--rendered dcr-1m759r1"></div></div></span><section id="24-september-2021" data-link-name="container-4 | 24-september-2021" data-component="24-september-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/sep/24/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">24 September 2021</h2></a></div></div></div><div id="container-24-september-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/sep/24/el-salvador-adoption-of-bitcoin-as-legal-tender-is-pure-folly" data-link-name="comment | group-0 | card-@5" aria-label="El Salvador’s adoption of bitcoin as legal tender is pure folly" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/8186cd677938c934c8744849079a0edfbd6b671e/0_167_5000_3002/master/5000.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/8186cd677938c934c8744849079a0edfbd6b671e/0_167_5000_3002/master/5000.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/8186cd677938c934c8744849079a0edfbd6b671e/0_167_5000_3002/master/5000.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/8186cd677938c934c8744849079a0edfbd6b671e/0_167_5000_3002/master/5000.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/8186cd677938c934c8744849079a0edfbd6b671e/0_167_5000_3002/master/5000.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/8186cd677938c934c8744849079a0edfbd6b671e/0_167_5000_3002/master/5000.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="a bitcoin image on a smartphone held up against the El Salvador flag" src="https://i.guim.co.uk/img/media/8186cd677938c934c8744849079a0edfbd6b671e/0_167_5000_3002/master/5000.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">El Salvador’s adoption of bitcoin as legal tender is pure folly</span></h3><span class="dcr-pyxv1k">Jeffrey Frankel</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>Cryptocurrencies are a baffling entity but adopting it as legal tender is the strangest, most worrying aspect of all</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-09-24T05:00:09.000Z" data-locale="en-gb" title="Friday 24 September 2021 at 06:00 British Summer Time">24 Sept 2021 06.00 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><div class="top-fronts-banner-ad-container dcr-12mgsnl"><div class="ad-slot-container dcr-dk0wj3"><div id="dfp-ad--fronts-banner-2" data-link-name="ad slot fronts-banner-2" data-name="fronts-banner-2" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--fronts-banner-2 ad-slot--rendered false dcr-aygtuk"></div></div></div><section id="22-september-2021" data-link-name="container-5 | 22-september-2021" data-component="22-september-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/sep/22/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">22 September 2021</h2></a></div></div></div><div id="container-22-september-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/sep/22/the-global-supply-chain-crisis-could-fuel-a-severe-dose-of-stagflation" data-link-name="comment | group-0 | card-@6" aria-label="The global supply chain crisis could fuel a severe dose of stagflation" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/3596ad4e67c806e224098832f203a3fb3a407925/0_114_4916_2952/master/4916.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/3596ad4e67c806e224098832f203a3fb3a407925/0_114_4916_2952/master/4916.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/3596ad4e67c806e224098832f203a3fb3a407925/0_114_4916_2952/master/4916.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/3596ad4e67c806e224098832f203a3fb3a407925/0_114_4916_2952/master/4916.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/3596ad4e67c806e224098832f203a3fb3a407925/0_114_4916_2952/master/4916.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/3596ad4e67c806e224098832f203a3fb3a407925/0_114_4916_2952/master/4916.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="A shortage of microchips, AKA semiconductors, are playing havoc with global supply of goods and services." src="https://i.guim.co.uk/img/media/3596ad4e67c806e224098832f203a3fb3a407925/0_114_4916_2952/master/4916.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">The global supply chain crisis could fuel a severe dose of stagflation</span></h3><span class="dcr-pyxv1k">Nouriel Roubini</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>Economic observers should heed the warnings now – rising prices and slowing growth are a very real threat</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-09-22T05:00:33.000Z" data-locale="en-gb" title="Wednesday 22 September 2021 at 06:00 British Summer Time">22 Sept 2021 06.00 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><span class="dcr-12r3co1"><div class="ad-slot-container"><div id="dfp-ad--inline2--mobile" data-link-name="ad slot inline2" data-name="inline2" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--inline2 ad-slot--container-inline ad-slot--mobile mobile-only ad-slot--rendered dcr-1m759r1"></div></div></span><section id="23-august-2021" data-link-name="container-6 | 23-august-2021" data-component="23-august-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/aug/23/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">23 August 2021</h2></a></div></div></div><div id="container-23-august-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/aug/23/g20-covid-october-meeting-us-vaccines" data-link-name="comment | group-0 | card-@7" aria-label="G20 must prioritise global Covid action at October meeting" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/3ba816e26ec3937a0f57e1834283802e8a0616b3/0_0_5209_3126/master/5209.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/3ba816e26ec3937a0f57e1834283802e8a0616b3/0_0_5209_3126/master/5209.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/3ba816e26ec3937a0f57e1834283802e8a0616b3/0_0_5209_3126/master/5209.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/3ba816e26ec3937a0f57e1834283802e8a0616b3/0_0_5209_3126/master/5209.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/3ba816e26ec3937a0f57e1834283802e8a0616b3/0_0_5209_3126/master/5209.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/3ba816e26ec3937a0f57e1834283802e8a0616b3/0_0_5209_3126/master/5209.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="A Unicef worker checks boxes of the Moderna Covid-19 vaccine after their arrival at the airport in Nairobi, Kenya. " src="https://i.guim.co.uk/img/media/3ba816e26ec3937a0f57e1834283802e8a0616b3/0_0_5209_3126/master/5209.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">G20 must prioritise global Covid action at October meeting</span></h3><span class="dcr-pyxv1k">Jeffrey Frankel</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>US and other rich countries must allocate more to make vaccines available to low- and middle-income countries</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-08-23T13:44:44.000Z" data-locale="en-gb" title="Monday 23 August 2021 at 14:44 British Summer Time">23 Aug 2021 14.44 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><section id="10-august-2021" data-link-name="container-7 | 10-august-2021" data-component="10-august-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/aug/10/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">10 August 2021</h2></a></div></div></div><div id="container-10-august-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/aug/10/will-central-bank-digital-currencies-dethrone-the-dollar" data-link-name="comment | group-0 | card-@8" aria-label="Will central bank digital currencies dethrone the dollar?" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/976311ca8b4d19a280907d5966426949e3e61a08/43_28_3932_2360/master/3932.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/976311ca8b4d19a280907d5966426949e3e61a08/43_28_3932_2360/master/3932.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/976311ca8b4d19a280907d5966426949e3e61a08/43_28_3932_2360/master/3932.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/976311ca8b4d19a280907d5966426949e3e61a08/43_28_3932_2360/master/3932.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/976311ca8b4d19a280907d5966426949e3e61a08/43_28_3932_2360/master/3932.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/976311ca8b4d19a280907d5966426949e3e61a08/43_28_3932_2360/master/3932.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="A currency exchange vendor shows US dollar notes in Istanbul" src="https://i.guim.co.uk/img/media/976311ca8b4d19a280907d5966426949e3e61a08/43_28_3932_2360/master/3932.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Will central bank digital currencies dethrone the dollar?</span></h3><span class="dcr-pyxv1k">Barry Eichengreen</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>Some say the greenback’s dominance of cross-border payments will be eroded</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-08-10T11:59:39.000Z" data-locale="en-gb" title="Tuesday 10 August 2021 at 12:59 British Summer Time">10 Aug 2021 12.59 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><span class="dcr-12r3co1"><div class="ad-slot-container"><div id="dfp-ad--inline3--mobile" data-link-name="ad slot inline3" data-name="inline3" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--inline3 ad-slot--container-inline ad-slot--mobile mobile-only ad-slot--rendered dcr-1m759r1"></div></div></span><div class="top-fronts-banner-ad-container dcr-12mgsnl"><div class="ad-slot-container dcr-dk0wj3"><div id="dfp-ad--fronts-banner-3" data-link-name="ad slot fronts-banner-3" data-name="fronts-banner-3" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--fronts-banner-3 ad-slot--rendered false dcr-aygtuk"></div></div></div><section id="3-august-2021" data-link-name="container-8 | 3-august-2021" data-component="3-august-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/aug/03/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">3 August 2021</h2></a></div></div></div><div id="container-3-august-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/aug/03/biden-economics-trunp-us-obama" data-link-name="comment | group-0 | card-@9" aria-label="Biden has a better handle on economics than Trump – but there are still risks" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/9a93c9a1e9eb55ba211bbea37d0c0ad275a2da20/0_0_5470_3282/master/5470.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/9a93c9a1e9eb55ba211bbea37d0c0ad275a2da20/0_0_5470_3282/master/5470.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/9a93c9a1e9eb55ba211bbea37d0c0ad275a2da20/0_0_5470_3282/master/5470.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/9a93c9a1e9eb55ba211bbea37d0c0ad275a2da20/0_0_5470_3282/master/5470.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/9a93c9a1e9eb55ba211bbea37d0c0ad275a2da20/0_0_5470_3282/master/5470.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/9a93c9a1e9eb55ba211bbea37d0c0ad275a2da20/0_0_5470_3282/master/5470.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Joe Biden speaks on child tax credit" src="https://i.guim.co.uk/img/media/9a93c9a1e9eb55ba211bbea37d0c0ad275a2da20/0_0_5470_3282/master/5470.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Biden has a better handle on economics than Trump – but there are still risks</span></h3><span class="dcr-pyxv1k">Nouriel Roubini</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>The new US president has emerged with a neo-populist agenda closer to his predecessor than to Obama</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-08-03T11:21:50.000Z" data-locale="en-gb" title="Tuesday 3 August 2021 at 12:21 British Summer Time">3 Aug 2021 12.21 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><section id="21-july-2021" data-link-name="container-9 | 21-july-2021" data-component="21-july-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/jul/21/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">21 July 2021</h2></a></div></div></div><div id="container-21-july-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/jul/21/central-banks-cant-reduce-inequality-its-time-for-ministers-to-act" data-link-name="comment | group-0 | card-@10" aria-label="Central banks can’t reduce inequality – it’s time for ministers to act" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/a3b4a1c9989486e53cfbdc0343ff5858463df11d/0_401_3644_2186/master/3644.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/a3b4a1c9989486e53cfbdc0343ff5858463df11d/0_401_3644_2186/master/3644.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/a3b4a1c9989486e53cfbdc0343ff5858463df11d/0_401_3644_2186/master/3644.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/a3b4a1c9989486e53cfbdc0343ff5858463df11d/0_401_3644_2186/master/3644.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/a3b4a1c9989486e53cfbdc0343ff5858463df11d/0_401_3644_2186/master/3644.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/a3b4a1c9989486e53cfbdc0343ff5858463df11d/0_401_3644_2186/master/3644.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="The ECB HQ in Frankfurt, Germany." src="https://i.guim.co.uk/img/media/a3b4a1c9989486e53cfbdc0343ff5858463df11d/0_401_3644_2186/master/3644.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Central banks can’t reduce inequality – it’s time for ministers to act</span></h3><span class="dcr-pyxv1k">Howard Davies</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>Central bank policies have enriched the wealthy – bold politicians must start redistributing wealth</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-07-21T05:00:48.000Z" data-locale="en-gb" title="Wednesday 21 July 2021 at 06:00 British Summer Time">21 Jul 2021 06.00 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><span class="dcr-12r3co1"><div class="ad-slot-container"><div id="dfp-ad--inline4--mobile" data-link-name="ad slot inline4" data-name="inline4" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--inline4 ad-slot--container-inline ad-slot--mobile mobile-only ad-slot--rendered dcr-1m759r1"></div></div></span><section id="2-july-2021" data-link-name="container-10 | 2-july-2021" data-component="2-july-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/jul/02/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">2 July 2021</h2></a></div></div></div><div id="container-2-july-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/jul/02/1970s-stagflation-2008-debt-crisis-global-economy" data-link-name="comment | group-0 | card-@11" aria-label="Conditions are ripe for repeat of 1970s stagflation and 2008 debt crisis" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/5963567852ec1df8b9641b2e66bd4b9f0aa90faa/30_44_4845_2907/master/4845.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/5963567852ec1df8b9641b2e66bd4b9f0aa90faa/30_44_4845_2907/master/4845.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/5963567852ec1df8b9641b2e66bd4b9f0aa90faa/30_44_4845_2907/master/4845.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/5963567852ec1df8b9641b2e66bd4b9f0aa90faa/30_44_4845_2907/master/4845.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/5963567852ec1df8b9641b2e66bd4b9f0aa90faa/30_44_4845_2907/master/4845.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/5963567852ec1df8b9641b2e66bd4b9f0aa90faa/30_44_4845_2907/master/4845.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="A trader has his head in his hand on the floor of the New York stock exchange" src="https://i.guim.co.uk/img/media/5963567852ec1df8b9641b2e66bd4b9f0aa90faa/30_44_4845_2907/master/4845.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Conditions are ripe for repeat of 1970s stagflation and 2008 debt crisis</span></h3><span class="dcr-pyxv1k">Nouriel Roubini</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>Warning signs are there for global economy, and central banks will be left in impossible position</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-07-02T09:34:55.000Z" data-locale="en-gb" title="Friday 2 July 2021 at 10:34 British Summer Time">2 Jul 2021 10.34 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><div class="top-fronts-banner-ad-container dcr-12mgsnl"><div class="ad-slot-container dcr-dk0wj3"><div id="dfp-ad--fronts-banner-4" data-link-name="ad slot fronts-banner-4" data-name="fronts-banner-4" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--fronts-banner-4 ad-slot--rendered false dcr-aygtuk"></div></div></div><section id="16-june-2021" data-link-name="container-11 | 16-june-2021" data-component="16-june-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/jun/16/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">16 June 2021</h2></a></div></div></div><div id="container-16-june-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/jun/16/how-to-win-over-those-who-will-lose-most-from-a-global-carbon-tax" data-link-name="comment | group-0 | card-@12" aria-label="How to win over those who will lose most from a global carbon tax" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/163b67aff8933db00e4a5aaf23bec059dc9ef5f0/109_0_3281_1969/master/3281.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/163b67aff8933db00e4a5aaf23bec059dc9ef5f0/109_0_3281_1969/master/3281.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/163b67aff8933db00e4a5aaf23bec059dc9ef5f0/109_0_3281_1969/master/3281.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/163b67aff8933db00e4a5aaf23bec059dc9ef5f0/109_0_3281_1969/master/3281.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/163b67aff8933db00e4a5aaf23bec059dc9ef5f0/109_0_3281_1969/master/3281.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/163b67aff8933db00e4a5aaf23bec059dc9ef5f0/109_0_3281_1969/master/3281.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="The Arctic ice sheets are melting." src="https://i.guim.co.uk/img/media/163b67aff8933db00e4a5aaf23bec059dc9ef5f0/109_0_3281_1969/master/3281.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">How to win over those who will lose most from a global carbon tax</span></h3><span class="dcr-pyxv1k">Barry Eichengreen</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>Those who bear a disproportionate share of a carbon tax will mobilise against it … unless they are given reason not to</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-06-16T05:00:22.000Z" data-locale="en-gb" title="Wednesday 16 June 2021 at 06:00 British Summer Time">16 Jun 2021 06.00 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><span class="dcr-12r3co1"><div class="ad-slot-container"><div id="dfp-ad--inline5--mobile" data-link-name="ad slot inline5" data-name="inline5" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--inline5 ad-slot--container-inline ad-slot--mobile mobile-only ad-slot--rendered dcr-1m759r1"></div></div></span><section id="8-june-2021" data-link-name="container-12 | 8-june-2021" data-component="8-june-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/jun/08/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">8 June 2021</h2></a></div></div></div><div id="container-8-june-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/jun/08/joe-biden-spending-plan-inflation-covid-economy" data-link-name="comment | group-0 | card-@13" aria-label="Does Joe Biden’s spending plan really risk high inflation? " class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-1j6t3k2"><div class="dcr-6beg42"><div class="dcr-hct2iq"><picture class="dcr-1gesx20"><source srcSet="https://i.guim.co.uk/img/uploads/2017/10/06/Joseph-Stiglitz,-L.png?width=140&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/uploads/2017/10/06/Joseph-Stiglitz,-L.png?width=140&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/uploads/2017/10/06/Joseph-Stiglitz,-L.png?width=75&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/uploads/2017/10/06/Joseph-Stiglitz,-L.png?width=75&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Joseph Stiglitz" src="https://i.guim.co.uk/img/uploads/2017/10/06/Joseph-Stiglitz,-L.png?width=75&dpr=1&s=none&crop=none" class="dcr-1yduq3m"/></picture></div></div><div class="dcr-17qj1mj"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Does Joe Biden’s spending plan really risk high inflation? </span></h3><span class="dcr-pyxv1k">Joseph Stiglitz</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>We should expect price increases in the Covid recovery phase – and we have the tools to cool the economy</div></div></span></div><div></div></div></div><div style="padding:0px;"><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-06-08T11:00:19.000Z" data-locale="en-gb" title="Tuesday 8 June 2021 at 12:00 British Summer Time">8 Jun 2021 12.00 BST</time></span></footer></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><section id="28-may-2021" data-link-name="container-13 | 28-may-2021" data-component="28-may-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/may/28/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">28 May 2021</h2></a></div></div></div><div id="container-28-may-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/may/28/covid-vaccine-crisis-may-be-the-last-straw-for-the-postwar-economic-consensus" data-link-name="comment | group-0 | card-@14" aria-label="Covid vaccine crisis may be the last straw for the postwar economic consensus" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-1j6t3k2"><div class="dcr-6beg42"><div class="dcr-hct2iq"><picture class="dcr-1gesx20"><source srcSet="https://i.guim.co.uk/img/uploads/2022/09/26/Mohamed_el_Erian.png?width=140&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/uploads/2022/09/26/Mohamed_el_Erian.png?width=140&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/uploads/2022/09/26/Mohamed_el_Erian.png?width=75&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/uploads/2022/09/26/Mohamed_el_Erian.png?width=75&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Mohamed El-Erian" src="https://i.guim.co.uk/img/uploads/2022/09/26/Mohamed_el_Erian.png?width=75&dpr=1&s=none&crop=none" class="dcr-1yduq3m"/></picture></div></div><div class="dcr-17qj1mj"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Covid vaccine crisis may be the last straw for the postwar economic consensus</span></h3><span class="dcr-pyxv1k">Mohamed El-Erian</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>With an unfair, inefficient global rollout, the west is squandering trust and risking its own prosperity</div></div></span></div><div></div></div></div><div style="padding:0px;"><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-05-28T05:00:48.000Z" data-locale="en-gb" title="Friday 28 May 2021 at 06:00 British Summer Time">28 May 2021 06.00 BST</time></span></footer></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><span class="dcr-12r3co1"><div class="ad-slot-container"><div id="dfp-ad--inline6--mobile" data-link-name="ad slot inline6" data-name="inline6" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--inline6 ad-slot--container-inline ad-slot--mobile mobile-only ad-slot--rendered dcr-1m759r1"></div></div></span><div class="top-fronts-banner-ad-container dcr-12mgsnl"><div class="ad-slot-container dcr-dk0wj3"><div id="dfp-ad--fronts-banner-5" data-link-name="ad slot fronts-banner-5" data-name="fronts-banner-5" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--fronts-banner-5 ad-slot--rendered false dcr-aygtuk"></div></div></div><section id="24-may-2021" data-link-name="container-14 | 24-may-2021" data-component="24-may-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/may/24/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">24 May 2021</h2></a></div></div></div><div id="container-24-may-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/may/24/world-economic-recovery-covid-19-us-china-europe" data-link-name="comment | group-0 | card-@15" aria-label="The world’s economic recovery from Covid-19 looks likely to be uneven" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/cbbefcd03388891b319c1cebf6a7f96005efa84c/0_331_5000_3002/master/5000.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/cbbefcd03388891b319c1cebf6a7f96005efa84c/0_331_5000_3002/master/5000.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/cbbefcd03388891b319c1cebf6a7f96005efa84c/0_331_5000_3002/master/5000.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/cbbefcd03388891b319c1cebf6a7f96005efa84c/0_331_5000_3002/master/5000.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/cbbefcd03388891b319c1cebf6a7f96005efa84c/0_331_5000_3002/master/5000.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/cbbefcd03388891b319c1cebf6a7f96005efa84c/0_331_5000_3002/master/5000.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Customers wear face masks while waiting in line to shop inside a Best Buy store" src="https://i.guim.co.uk/img/media/cbbefcd03388891b319c1cebf6a7f96005efa84c/0_331_5000_3002/master/5000.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">The world’s economic recovery from Covid-19 looks likely to be uneven</span></h3><span class="dcr-pyxv1k">Nouriel Roubini</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>The bounce-back will be stronger in the US and China, but Europe and Japan face a slower restart</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-05-24T12:03:45.000Z" data-locale="en-gb" title="Monday 24 May 2021 at 13:03 British Summer Time">24 May 2021 13.03 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><section id="18-may-2021" data-link-name="container-15 | 18-may-2021" data-component="18-may-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/may/18/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">18 May 2021</h2></a></div></div></div><div id="container-18-may-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/may/18/has-brexit-fatally-dented-the-city-of-londons-future" data-link-name="comment | group-0 | card-@16" aria-label="Has Brexit fatally dented the City of London’s future?" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/94e63742dee9a7e54922c59aca678bc0dfec0695/0_0_7167_4301/master/7167.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/94e63742dee9a7e54922c59aca678bc0dfec0695/0_0_7167_4301/master/7167.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/94e63742dee9a7e54922c59aca678bc0dfec0695/0_0_7167_4301/master/7167.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/94e63742dee9a7e54922c59aca678bc0dfec0695/0_0_7167_4301/master/7167.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/94e63742dee9a7e54922c59aca678bc0dfec0695/0_0_7167_4301/master/7167.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/94e63742dee9a7e54922c59aca678bc0dfec0695/0_0_7167_4301/master/7167.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="The City of London’s financial district." src="https://i.guim.co.uk/img/media/94e63742dee9a7e54922c59aca678bc0dfec0695/0_0_7167_4301/master/7167.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Has Brexit fatally dented the City of London’s future?</span></h3><span class="dcr-pyxv1k">Howard Davies</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>Although the Square Mile will remain Europe’s largest money marketplace it will no longer be the continent’s de facto financial centre</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-05-18T15:32:32.000Z" data-locale="en-gb" title="Tuesday 18 May 2021 at 16:32 British Summer Time">18 May 2021 16.32 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><span class="dcr-12r3co1"><div class="ad-slot-container"><div id="dfp-ad--inline7--mobile" data-link-name="ad slot inline7" data-name="inline7" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--inline7 ad-slot--container-inline ad-slot--mobile mobile-only ad-slot--rendered dcr-1m759r1"></div></div></span><section id="4-may-2021" data-link-name="container-16 | 4-may-2021" data-component="4-may-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/may/04/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">4 May 2021</h2></a></div></div></div><div id="container-4-may-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/may/04/tackling-cross-country-inequality-is-the-key-to-global-stability" data-link-name="comment | group-0 | card-@17" aria-label="Tackling cross-country inequality is the key to global stability" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/eb4355755ec4871850213b8a6627434f44600883/0_30_2315_1390/master/2315.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/eb4355755ec4871850213b8a6627434f44600883/0_30_2315_1390/master/2315.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/eb4355755ec4871850213b8a6627434f44600883/0_30_2315_1390/master/2315.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/eb4355755ec4871850213b8a6627434f44600883/0_30_2315_1390/master/2315.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/eb4355755ec4871850213b8a6627434f44600883/0_30_2315_1390/master/2315.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/eb4355755ec4871850213b8a6627434f44600883/0_30_2315_1390/master/2315.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="An airport employee disinfects a gangway at Moi International Airport" src="https://i.guim.co.uk/img/media/eb4355755ec4871850213b8a6627434f44600883/0_30_2315_1390/master/2315.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Tackling cross-country inequality is the key to global stability</span></h3><span class="dcr-pyxv1k">Kenneth Rogoff</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>The advanced economies and China are rebounding from the Covid crisis, but there is a dangerous global divergence</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-05-04T13:05:20.000Z" data-locale="en-gb" title="Tuesday 4 May 2021 at 14:05 British Summer Time">4 May 2021 14.05 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><div class="top-fronts-banner-ad-container dcr-12mgsnl"><div class="ad-slot-container dcr-dk0wj3"><div id="dfp-ad--fronts-banner-6" data-link-name="ad slot fronts-banner-6" data-name="fronts-banner-6" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--fronts-banner-6 ad-slot--rendered false dcr-aygtuk"></div></div></div><section id="15-april-2021" data-link-name="container-17 | 15-april-2021" data-component="15-april-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/apr/15/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">15 April 2021</h2></a></div></div></div><div id="container-15-april-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/apr/15/why-stagflation-is-a-growing-threat-to-the-global-economy" data-link-name="comment | group-0 | card-@18" aria-label="Why stagflation is a growing threat to the global economy" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/f63b1c3d72f08731cd1b8ea8427c33cd050022f3/0_194_3458_2076/master/3458.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/f63b1c3d72f08731cd1b8ea8427c33cd050022f3/0_194_3458_2076/master/3458.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/f63b1c3d72f08731cd1b8ea8427c33cd050022f3/0_194_3458_2076/master/3458.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/f63b1c3d72f08731cd1b8ea8427c33cd050022f3/0_194_3458_2076/master/3458.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/f63b1c3d72f08731cd1b8ea8427c33cd050022f3/0_194_3458_2076/master/3458.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/f63b1c3d72f08731cd1b8ea8427c33cd050022f3/0_194_3458_2076/master/3458.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="A petrol garage on the A74 near Crawfordjohn in Lanarkshire, Scotland, runs out of petrol during the 1970s oil price shock" src="https://i.guim.co.uk/img/media/f63b1c3d72f08731cd1b8ea8427c33cd050022f3/0_194_3458_2076/master/3458.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Why stagflation is a growing threat to the global economy</span></h3><span class="dcr-pyxv1k">Nouriel Roubini</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>From trade wars and deglobalisation to ageing populations and populist politics, there’s no shortage of inflationary threats on the horizon</div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-04-15T09:18:41.000Z" data-locale="en-gb" title="Thursday 15 April 2021 at 10:18 British Summer Time">15 Apr 2021 10.18 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><span class="dcr-12r3co1"><div class="ad-slot-container"><div id="dfp-ad--inline8--mobile" data-link-name="ad slot inline8" data-name="inline8" aria-hidden="true" class="js-ad-slot ad-slot ad-slot--inline8 ad-slot--container-inline ad-slot--mobile mobile-only ad-slot--rendered dcr-1m759r1"></div></div></span><section id="12-april-2021" data-link-name="container-18 | 12-april-2021" data-component="12-april-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/apr/12/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">12 April 2021</h2></a></div></div></div><div id="container-12-april-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/apr/12/big-tech-finance-regulators-amazon-alibaba-tencent" data-link-name="comment | group-0 | card-@19" aria-label="Big tech finance companies are one step ahead of regulators" class="dcr-ezvrjj"></a><div style="background-color:var(--card-background);gap:8px;" class="dcr-b9p4z1"><div class="dcr-1j02kbc"><picture data-size="medium" class="dcr-zigv41"><source srcSet="https://i.guim.co.uk/img/media/64348ccd481ea8c1913ab9f9cd02718714cce924/0_0_5479_3288/master/5479.jpg?width=460&dpr=2&s=none&crop=none" media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/64348ccd481ea8c1913ab9f9cd02718714cce924/0_0_5479_3288/master/5479.jpg?width=460&dpr=1&s=none&crop=none" media="(min-width: 980px)"/><source srcSet="https://i.guim.co.uk/img/media/64348ccd481ea8c1913ab9f9cd02718714cce924/0_0_5479_3288/master/5479.jpg?width=330&dpr=2&s=none&crop=none" media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/64348ccd481ea8c1913ab9f9cd02718714cce924/0_0_5479_3288/master/5479.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/64348ccd481ea8c1913ab9f9cd02718714cce924/0_0_5479_3288/master/5479.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/64348ccd481ea8c1913ab9f9cd02718714cce924/0_0_5479_3288/master/5479.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="A woman walks in front of the Alipay building in Shanghai, China" src="https://i.guim.co.uk/img/media/64348ccd481ea8c1913ab9f9cd02718714cce924/0_0_5479_3288/master/5479.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">Big tech finance companies are one step ahead of regulators</span></h3><span class="dcr-pyxv1k">Barry Eichengreen</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>Innovation by companies such as Amazon, Alibaba and Tencent presents big challenges </div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-04-12T11:00:02.000Z" data-locale="en-gb" title="Monday 12 April 2021 at 12:00 British Summer Time">12 Apr 2021 12.00 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div class="dcr-1eiql86"></div></section><section id="2-april-2021" data-link-name="container-19 | 2-april-2021" data-component="2-april-2021" style="background-color:var(--front-container-background);" class="dcr-pslr00"><div class="dcr-1a8sauz"></div><div class="dcr-1kno2ly"><div class="dcr-l9k7rx"><div class="dcr-1atljbz"><a href="/business/series/project-syndicate-economists/2021/apr/02/all" data-link-name="section heading" class="dcr-1g8nl1f"><h2 style="color:var(--article-section-title);" class="dcr-k8vtvd">2 April 2021</h2></a></div></div></div><div id="container-2-april-2021" class="dcr-yyvovz"><ul class="dcr-pnnc7v"><li class="dcr-tzc0jy"><div data-format-theme="1" data-format-design="8" data-format-display="0" class="dcr-qaxiv9"><div class="dcr-f9aim1"><a href="/business/2021/apr/02/the-us-dollars-hegemony-is-looking-fragile" data-link-name="comment | group-0 | card-@20" aria-label="The US dollar’s hegemony is looking fragile" class="dcr-ezvrjj"></a><div 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srcSet="https://i.guim.co.uk/img/media/9ab9f29797b86bbeee10f571f36e6c5f3127062e/0_12_3500_2102/master/3500.jpg?width=330&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/9ab9f29797b86bbeee10f571f36e6c5f3127062e/0_12_3500_2102/master/3500.jpg?width=240&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/9ab9f29797b86bbeee10f571f36e6c5f3127062e/0_12_3500_2102/master/3500.jpg?width=240&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="New $5 bills straight from the print works in Washington DC." src="https://i.guim.co.uk/img/media/9ab9f29797b86bbeee10f571f36e6c5f3127062e/0_12_3500_2102/master/3500.jpg?width=240&dpr=1&s=none&crop=none" loading="lazy" data-chromatic="ignore" class="dcr-l300o4"/></picture><div class="image-overlay"></div></div><div class="dcr-1rdsp9j"><div class="dcr-uh1jz3"><div class="dcr-147a5s0"><h3 class="card-headline dcr-1d8jwt1"><svg viewBox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"><path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path></svg><span class="show-underline dcr-uyefka">The US dollar’s hegemony is looking fragile</span></h3><span class="dcr-pyxv1k">Kenneth Rogoff</span></div><span class="dcr-n4pnam"><div class="dcr-4v2oe6"><div>The modernisation of China’s exchange-rate system could deal the currency a painful blow<br></div></div></span><footer class="dcr-1mv0cw8"><span class="dcr-kap5pr"><time dateTime="2021-04-02T07:00:03.000Z" data-locale="en-gb" title="Friday 2 April 2021 at 08:00 British Summer Time">2 Apr 2021 08.00 BST</time></span></footer></div><div></div></div></div><div style="padding:0px;"></div></div></div></li></ul></div><div 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