GROWTH CONUNDRUM

Whither Economic Growth?

Nicholas Crafts

The global optimism at the turn of the century has been replaced by fear of long-term stagnation

Cost of Aging

Ronald Lee and Andrew Mason

As populations in richer nations get older, GDP growth slows, support costs rise, and government budgets feel pressure

Stuck in a Rut

Gustavo Adler and Romain Duval

To revive global productivity, start by addressing the legacies of the financial crisis

Getting It Right

Ruud De Mooij

Well-designed fiscal incentives can help spur innovation and ultimately growth

Rethinking GDP

Diane Coyle

It may be time to devise a new measure of economic welfare with fewer flaws

Can Money Buy Happiness?

People around the world share their thoughts on what sparks this elusive
feeling

Can money buy happiness?

Point-Counterpoint: Secular Stagnation

Sluggish Future, J. Bradford DeLong

Policy Is the Problem, John B. Taylor

Straight Talk: The Case for Inclusive Growth

Tao Zhang

Emerging economies should share the fruits of their growth more equitably

Also in This Issue

A Broader Reach

Adolfo Barajas, Martin Čihák, and Ratna Sahay

Chris Wellisz

When more people and more firms have access
to financial services, the whole society can
benefit

Financial inclusion

In Equality We Trust

Eric D. Gould and Alexander Hijzen

Inequality in the United States and Europe erodes trust among people—and can stifle economic growth

Forests for Growth

Frances Seymour and Jonah Busch

Hollowing Out

Forests are a key asset for climate stability; Brazil has shown protecting them is compatible with development

Tropical forests and the SDGs

Risky Mix

Ralph Chami, Connel Fullenkamp, Thomas Cosimano, and Céline Rochon

If financial institutions combine banking and nonbanking business there is potential for
danger

Unburnable Wealth of Nations

James Cust, David Manley, and Giorgia Cecchinato

Chris Wellisz

Successful action to address climate change would diminish the value of fossil fuel resources in many of the world’s poorest countries

Economics of natural disasters in Africa

From the Editor

What to Do about Growth

Deep unease about rising inequality and stagnating living standards in advanced economies was at the heart of the 2016 political upheaval.

People in Economics

Parallel Paths

Atish Rex Ghosh profiles Kristin Forbes, who straddles academia and policymaking

Picture This

Girl Power

Maria Jovanović

Policies that help integrate women into the workforce benefit everyone

Reducing the gender gap

Gumbonzvanda: make economies work for women

Currency Notes

Fifty Marks the Spot

Marie Boursiquot

Trinidad and Tobago’s new $50 bill is dressed for a celebration

Book Reviews

The Man Who Knew: The Life and Times of Alan Greenspan, Sebastian Mallaby

The Vanishing Middle Class: Prejudice and Power in a Dual Economy, Peter Temin

A Culture of Growth: The Origins of the Modern Economy, Joel Mokyr

Friedman: digital globalization

Christine Lagarde and Michael Lewis