Towards a carbon tax for Bangladesh

Bangladesh is a strong actor in the effort to reduce global carbon emission. This is appropriate as it faces a major burden from global climate change. Although per capita carbon emission is low, total carbon emission in Bangladesh is growing. Consequently, as a good global team player, Bangladesh committed to...

The spectre of Japanification looms over the West

Not too long ago, the conventional wisdom held that "Japanification" could never happen in Western economies. Leading US economists argued that if the combined threat of weak growth, disinflation, and perpetually low interest rates ever materialised, policymakers would have the tools to deal with it. They had no problem lecturing...