Project Syndicate Columns

The Perils of Debt Complacency, September 2016.

The Easy Money Contagion, August 2016.

What’s New About Today’sLow Interest Rates?, July 2016


Brexit’s Blow to Globalization, June 2016.


Argentina’s Eternal Debt Problem, May 2016.

The Post-Crisis Economy’s Long Debt Hangover, April 2016.

China’s Incompatible Goal, March 2016

Whose QE Was It Anyway?, February 2016.

The Return of the Currency Crash, January 2016

A year of Sovereign Defaults?, December 2015.

The Commodity Rollercoaster, November 14, 2015.

The Hidden Debt Burden of Emerging Markets, October 9, 2015.

Inflation, the Fed, and the Big Picture, September 3, 2015.

Venezuela’s Spectacular Underperformance, (with Kenneth S Rogoff), October 13, 2014.

Other commentary

The Consequences of a Brexit, June 20. 2016.

Are Negative Real Interest Rates the "New Normal"? Nikkei Asian Review, March 5, 2015.

“Debt, Growth, Interest Rates, and History, Bloomberg View, November 5, 2013.

 “Sorry, US Recoveries Aren’t Really Different,” (with Kenneth S Rogoff), Bloomberg View, October 15, 2012.

 Financial Repression Has Come Back to Stay  Bloomberg View, March 12, 2012.

“Europe in the Decade After the Fall,” Intereconomics: Review of European Economics Policy, Vol 46 No. 6, November 2011, 308-311.

“Financial Repression Redux”, Finance and Development, (with Jacob Kirkeegard and Belen Sbrancia), Vol. 48 No.2, June 2011.

“Japan Must Dip Into Its Rainy Day Fund,” (with Vincent R. Reinhart), Financial Times, March 24, 2011.

“Time to End the Denial Over Mortgage Debt,” (with Vincent R. Reinhart), Financial Times, Opinion, November 4, 2010.

Beware of Those Who Think the Worst is Past, (with Vincent R. Reinhart), Financial Times, Opinion, August 30, 2010.

5 Myths About the European Debt Crisis , (with Vincent R. Reinhart), Washington Post, May 9, 2010.

IMF roundtable: One promising feature,  The Economist Blog, February 21, 2010.

Why we should expect low growth amid debt, (with Kenneth Rogoff ), Financial Times,  ‎January 28, 2010‎.

Why the banking crisis is far from over, (with Kenneth S. Rogoff), Newsweek, March 21, 2009

Rule of Four, New York Times Opinion, February 28, 2009

Playing down the price tag of the fiscal stimulus (with Vincent R. Reinhart), Washington Post, February 10, 2009

What Other Financial Crises Tell Us, (with Kenneth Rogoff), Wall Street Journal, February 2, 2009.

Calling for an International Regulator, (with Kenneth Rogoff) Financial Times, November 19, 2008.

Beware of Europeans Bearing Proposals, ( with Vincent Reinhart ) Baltimore Examiner, November 13, 2008

Watch Out for Sovereign Debt Risk, (with Kenneth S. Rogoff), Wall Street Journal: Opinion, June 24, 2008 and Livemint (WSJ India).

Some Perspectives on Capital Flows to Emerging Market Economies, NBER Reporter, Summer 2005, 8-10 and NBER profile.