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The Infrastructure Spending Challenge

Macroeconomists broadly agree that productive infrastructure spending is welcome after a deep recession, especially when interest rates are at record lows.

But in advanced economies, any new project typically requires navigating difficult right-of-way issues, environmental concerns, and objections from apprehensive citizens.

  • Kenneth Rogoff
  • Project Syndicate

CAMBRIDGE – Encouraging news about more effective anti-viral treatments and promising vaccines is fueling cautious optimism that rich countries, at least, could tame the…

For now, though, as a brutal second wave cascades around the world, broad and…

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