Following the recent waves of financial crises in the advanced economies and a prolonged period of low interest rates, major parts of the world economy are experiencing low growth, a rise in financial volatility, and low rates of inflation. In the new issue of Cato Journal, Andreas Hoffmann and Gunther Schnabl suggest that an end of ultra-low interest rate policies is a prerequisite for a return to a sustainable growth path. Also in this issue, Brian J. L. Berry, Jayshree Bihari, and Euel W. Elliott argue that the poisoned debate over climate change runs the risk of contaminating the entire scientific endeavor, and Tain-Jy Chen and Ying-Hua Ku discuss the unique combination of weak institutions and strong organizations that underlie the development of China’s Internet industry.
http://www.cato.org/cato-journal/fall-2016
http://www.cato.org/cato-journal/fall-2016
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