Articles by Jeffrey Sachs

Topic: Fiscal Policy

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2013

"Why Turkey is Thriving," Project Syndicate, May 27, 2013.

2012

"America has lost the battle over government," Financial Times, August 16, 2012. Download as [PDF]

"Waiting in Vain for the Quick Fix," Huffington Post, August 6, 2012. Download as [PDF]

"How to have growth beyond stimulus," Financial Times A-List, June 7, 2012. Download as [PDF]

"To save the eurozone, save the banks," Financial Times A-List, May 21, 2012. Download as [PDF]

"We must move beyond growth versus austerity," Financial Times, May 7, 2012. Download as [PDF]

2009

"Rethink the Global Money Supply." Scientific American. June 2009.

"Needed: A Fiscal Framework -- Not a Stimulus." Scientific American. April 2009. [Download as PDF]

"The Geithner-Summers plan is worse than you think," with Laurence J. Kotlikoff. Financial Times. 6 April 2009. [Download as PDF]

"The Geithners-Summers Plan is Even Worse Than We Thought." Huffington Post. 6 April 2009. [Download as PDF]

"G20 Accomplishments Beyond Expectation." Huffington Post. 2 April 2009. [Download as PDF]

"The Economic Need for Stable Policies, Not a Stimulus." Scientific American. March 2009. [Download as PDF]

"Obama's bank plan could rob the taxpayer." Financial Times. 25 March 2009. [Download as PDF]

"Will Geithner and Summers try to raid the FDIC and Fed?" Huffington Post. 23 March 2009. [Download as PDF]

"Capitalism and Moral Sentiments." Huffington Post. 21 March 2009. [Download as PDF]

"5 Points on the Critical State of the Economy." Huffington Post. 9 February 2009. [Download as PDF]

"A strategy of contingent nationalisation." Financial Times. 5 February 2009.  [Download as PDF]

"Blackouts and Cascading Failures of the Global Markets." Scientific American. January 2009. [Download as PDF]

"The stimulus is a fiscal straitjacket." FT.com's The Economists' Forum. 27 January 2009. [Download as PDF]

"The Case for Bigger Government." Time Magazine. 8 January 2009. [Download as PDF]

2008

"Priorities for Fixing the Financial Crisis." Scientific American. December 2008.

"Monday Meltdown: How Lehman's Fall Created a Global Panic." Fortune. 15 December 2008. [Download as PDF]

"A Bridge for the Carmakers." Washington Post. 17 November 2008. [Download as PDF]

"Boom, Bust, and Recovery in the World Economy." Project Syndicate. October, 2008. [Download as PDF]

"Coping with a Persistent Oil Crisis." Scientific American. October 2008.

"The Best Recipe for Avoiding a Global Recession." Financial Times. 27 October 2008. [Download as PDF]

"How to Rebuild America." Fortune. 14 October 2008. [Download as PDF]

"Stagflation is Back. Here's How to Beat It." Fortune. 9 June 2008.

2006

"Welfare States Beyond Ideology." Scientific American. November 2006.
[Download article as PDF]

"Pay for it Now, or Pay for it Later." The Globe and Mail. 19 June 2006.
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2005

"India in the Era of Economic Reforms: From Outsourcing to Innovation," with Nirupam Bajpai, Think On , May 2005.
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"The Development Challenge", Foreign Affairs, March/April 2005.
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"The end of the world as we know it," The Guardian, April 5, 2005.
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"What the President Doesn't Want to Hear," Esquire, February 2005.
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"India Can Achieve its Date with Destiny by 2015 with Planning," with Nirupam Bajpai, The Week, February 27, 2005.
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2004

"If the US Won't, Germany Must," Internationale Politik, No. 4, 2004.
[Download PDF in English]
[Download PDF in German]

"La lección china a Brasil," Vanguardia Dossier, July-September 2004.
[Download article in PDF format]

"National Common Minimum Programme of the Congress-led United Progessive Alliance: Policy Reform and Public Investment Requirements," with Nirupam Bajpai, CGSD Working Paper No. 22.  August 2004.
[Download paper as PDF]

"How to Run the IMF," Foreign Policy, July-August 2004.
[Download article in PDF format]
[Link to text in Spanish]

"How Bush ruined a decade’s good work," The Banker, February 3, 2004.
[Download article in PDF format]

The Unfinished Agenda,” with Nirupam Bajpai, The Hindu Business Line, 28 January 2004. [Download as PDF]

2003

"The New Urban Planning," Development Outreach, The World Bank Institute, November 2003.

"Mobilization of Domestic and Donor Resources for Health," World Bank Viewpoint, October 2003. [Download as PDF]

"The Roadblock to a Sovereign Bankruptcy Law," Cato Journal, Vol. 23, No. 1, Spring/Summer 2003.
[Download paper as PDF]
(reprinted in Spanish as “La barrera contra la ley de quiebras soberanas,” in Artana, Daniel and James A. Dorn (eds.), Crisis Financieras Internacionales: ¿Qué Rol le Corresponde al Gobierno?  Cato Institute: Buenos Aires, 2004.)

"A Better Use for our $87 Billion," Boston Globe, September 13, 2003.
[Download text of article in PDF]

"Bush's billions will prolong Iraq's woes," Financial Times,September 10, 2003
[Download text of article in PDF]

"An economic 'menu of pain'," with Laurence Kotlikoff, Boston Globe, May 19, 2003
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2002

"Geography, Economic Policy, and Regional Development in China," with Sylvie Demurger, Wing Thye Woo, Shuming Bao, Gene Chang, and Andrew Mellinger, Asian Economic Papers, Vol. 1 No. 1, Winter 2002, pp. 146-197.
[Download paper as PDF]
(previously CID Working Paper no. 77, October 2001 [PDF]).

"Resolving the Debt Crisis of Low-Income Countries," Brookings Papers on Economic Activity, 2002:1.
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"Duhalde’s Wrong Turn," Financial Times, January 11, 2002
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2001

"The Benefits of a Weaker Yen". Financial Times. April 18, 2001. CIDNEWS [Download as PDF]

"To Climb a Steep Gradient Firmly," with Nirupam Bajpai, The Telegraph, Calcutta, and the Net edition, 27 February 2001. [Download as PDF]

"Miles to Go" with Nirupam Bajpai. India Today. February 19, 2001. CIDNEWS

"The 2001-02 Budget" with Nirupam Bajpai. The Hindu. 13 February 2001. [Download as PDF]

"Unproductive Spending," with Nirupam Bajpai, The Telegraph, February 13, 2001. [Download as PDF]

"Face to Face with Reform", with Nirupam Bajpai. The Telegraph (India). February 2, 2001.CIDNEWS

2000

"Reforms and Growth Prospects," with Nirupam Bajpai, The Hindu, November 14, 2000. [Download as PDF]

"The Charade of Debt Sustainability," Financial Times, 26 September 2000. [Download as PDF]

"Glorifying Mediocrity." The International Economy. May/June 2000, p14. [Download as PDF]

"Development and Goal Setting II," with Nirupam Bajpai, The Hindu, May 11, 2000. [Download as PDF]

"Development and Goal Setting I," with Nirupam Bajpai, The Hindu, May 10, 2000.
[Download article as PDF]

"Decade of Development," with Nirupam Bajpai, The Telegraph, May 8, 2000. [Download as PDF]

"Some Export Advice," with Nirupam Bajpai, The Telegraph, February 28, 2000. [Download as PDF]

"Lowering Revenue Deficit, Subsidies Hold Key to Fiscal Consolidation," with Nirupam Bajpai, The Rediff Pre-Budget Special, February 24, 2000. [Download as PDF]

"Time for Bold Action," with Nirupam Bajpai, The Hindu, February 22 and 23, 2000. [Download as PDF]

"Budget: Time to Take Harsh Measures," with Nirupam Bajpai, The Economic Times, Invited op-ed, February 21, 2000. [Download as PDF]

"Fish Out of Water," with Nirupam Bajpai, The Telegraph, February 18, 2000.

"Power to Bind and Loose," with Nirupam Bajpai, The Telegraph, 3 January 2000. [Download as PDF]

1999

"Fiscal Policy in India's Economic Reforms," with Nirupam Bajpai in India in the Era of Economic Reforms. Edited with Ashutosh Varshney and Nirupam Bajpai, Oxford University Press 1999.

"Fiscal Policy in India's Economic Reforms," with Nirupam Bajpai in India in the Era of Economic Reforms. Edited with Ashutosh Varshney and Nirupam Bajpai, Oxford University Press 1999.

"Resource Endowments and the Real Exchange Rate: A Comparison of Latin America and East Asia," in Takatoshi Ito and Anne Krueger (eds) Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues. NBER-EASE Vol. 7. Chicago: University of Chicago Press, 1999.

"State-level Reforms in India," with Nirupam Bajpai, The Times of India, December 27, 1999.

"First Among States," with Nirupam Bajpai, The Telegraph, December 27, 1999. [Download as PDF]

"Why Dollarization is More Straitjacket than Salvation," with Felipe Larrain, in Foreign Policy, No. 116, Fall 1999.
[Download paper as PDF]

"Transfer ticket," with Nirupam Bajpai, The Telegraph, 13 December 1999. [Download as PDF]

"In a State of Deficit," with Nirupam Bajpai, The Telegraph, 6 December 1999. [Download as PDF]

"The State of State Government Finances in India," with Nirupam Bajpai. HIID Discussion Paper No. 719, September 1999.
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"Brazil Fever," in The Milken Institute Review, Second Quarter, 1999.
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"The International Lender of Last Resort: What are the Alternatives?" Rethinking the International Monetary System Conference Proceedings, Series No. 43, Federal Reserve Bank of Boston, June 1999. [Download as PDF]

"India - Fiscal Restraint is the Need of the Hour," with Nirupam Bajpai, The Economic Times, (ET Exclusive: Harvard Pundits Reset the Agenda) 11 February 1999. [Download as PDF]

"India's Failure on the Policy Front," with Nirupam Bajpai, The Economic Times, (ET Exclusive: Harvard Pundits Reset the Agenda) February 9, 1999. [Download as PDF]

"Global Financial Crisis: Lessons for Egypt", Conference- Growth Beyond Stabilization: Prospects for Egypt, Egyptian Center for Economic Studies, February 1999.
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"The Asian Financial Crisis: What Happened and What is to be Done," with Wing Thye Woo, Davidson Institute Working Paper No. 253, January 1999.
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1998

"The External-Debt Problem in Central America" with Gerardo Esquivel and Felipe B. Larrain, Harvard Institute for International Development, Cambridge, MA.,  pp. 251-296.  1998.
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"The East Asian Financial Crisis: Diagnosis, Remedies, Prospects," with Steve Radelet, Brookings Papers on Economic Activity, Issue 1, 1998.
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"Money Order," with Nirupam Bajpai, The Telegraph, 21 December 1998. [Download as PDF]

"Creditor Panics: Causes and Remedies," Cato Journal, Vol. 18, No. 3, Winter 1999.  Also in Research Notes in Economics and Statistics for Deutsche Bank Research, November 1998.
[Download paper as PDF]

"Strategy for Growth," with Nirupam Bajpai, The Hindu, September 9-11, 1998.

"Strengthening India's Strategy for Economic Growth," in Economic and Political Weekly, Volume XXXIII, No. 29 & 30, Mumbai, July 18, 1998, with Nirupam Bajpai.
(previously working paper "Strengthening India's Strategy for Economic Growth," with Nirupam Bajpai, HIID Development Discussion Paper no. 641, July 1998.) [Download paper as PDF file]

"Toward a New Strategy for Asian Recovery," Singapore Straits-Times, 26 July 1998. [Download as PDF]

1997

"The IMF: A Power unto Itself," Financial Times, December 11, 1997. [Download as PDF]

"International Monetary Failure? The IMF's prescriptions might actually make Asia's financial turmoil worse," Time, December 8, 1997. [Download as PDF]

"Recipe for Success," with Nirupam Bajpai, The Telegraph, 7 July 1997. [Download as PDF]

"The Need for Tax Reform," with Nirupam Bajpai, The Rediff Special, March 5, 1997. [Download as PDF]

"Down to Brass Tax" with Nirupam Bajpai, The Telegraph, 28 February 1997. [Download as PDF]

1996

"Resource Endowments and the Real Exchange Rate: A Comparison of Latin America and East Asia," presented at conference in Hong Kong, June 19, 1996, as part of Seventh Annual East Asian Seminar on Economics, forthcoming in conference volume and as NBER Discussion Paper. [Download paper as PDF]

"Lessons from Asia," Central European Economic Review, vol 4, no. 3, April 1996.

1995

"A common-sense approach will put SA's economic miracle within reach," The Business Times, Sunday, Oct. 1, 1995 (South Africa).

"Lessons from Mexico," with Aaron Tornell and Andres Velasco, mimeo Harvard University, March 1995.

"Interpreting the Mexican Peso Crisis," January 1995, mimeo.

1994

"A shocking answer to inflation," Independent (London), October 11, 1993. [Download as PDF]

"Estonia has set good currency example," Financial Times, July 15, 1994. [Download as PDF]

"Inflation, Debt, and Liquidity," with Kevin McDonald, Harvard Business Review, May-June 1994.

"Monetary Institutions and Credible Stabilizations: A Comparison of Experiences in the Baltics," with Ardo Hansson, presented at conference at Univ. of Chicago Law School, April 22-23, 1994.
[Download paper as PDF]

1993

"Bolivia: On the Road to Development," project report prepared for the Ministry of Exports and Competitiveness of the Government of Bolivia, September 1993.
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"Moscow's Monetary Meltdown," The New Republic, August 23 & 30, 1993. [Download as PDF]

1992

"Crowning the Estonian Kroon" with Ardo Hansson, in Transition, Volume 3, Number 9. October 1992.

1989

"O Futuro da Crise das Dividas na America Latina," in Nova Era da Economia Mundial, Norman Gall et al., Instituto Fernand Braudel de Economia Mundial, Pioneira: Sao Paulo, Brazil, 1989.

"How to Help the Solidarity Movement Succeed," Financial Times, 26 September 1989.

1988

"Review Essay: 'Recent Studies of the Latin American Debt Crisis'," Latin American Research Review, Vol. XXIII, no. 3 (1988) pp. 170-179.
[Download paper as PDF]

"Coordination of Monetary and Fiscal Policies in the Industrial Economies," with W. McKibbin, in Jacob A. Frenkel (ed.), International Aspects of Fiscal Policies, National Bureau of Economic Research and University of Chicago Press, 1988.
(previously NBER Working Paper 1800)

"Social Conflict and Populist Policies in Latin America" prepared for conference on "Markets, Institutions, and Cooperations: Labour Relations and Economic Performance," Venice, Italy, October 1988, in R. Brunetta and C. Dell-Aringa (eds.), Labour Relations and Economic Performance, MacMillan Press, 1989. Spanish translation in Revista de Economica Politica, Vol. 10, No. 1(37), Jan-March, 1990, Sao Paulo, Brazil, and republished in Luiz Carlos Bresser Pereira, Populismo Economico (Sao Paulo: Livraria Nobel S.A.) 1991.

"Coordination of Monetary and Fiscal Policies in the Industrial Economies," with W. McKibbin, in Jacob A. Frenkel (ed.), International Aspects of Fiscal Policies, National Bureau of Economic Research and University of Chicago Press, 1988.

"International Policy Coordination: The Case of the Developing Country Debt Crisis," in Martin Feldstein, International Economic Cooperation, National Bureau of Economic Research and University of Chicago Press, 1988. [Download as PDF]

"Baker's Bank Bailout," The New Republic, November 14, 1988.

"International Payments Imbalances of the East Asian Developing Economies," with Mark Sundberg, in Fieleke, N.S. (ed.) International Payments Imbalances in the 1980s, Proceedings of a conference held in October 1988, Conference series No. 32, Federal Reserve Bank of Boston. [Download as PDF]

"Debt Management: A Hard Look at Realities," in Dividend, The Magazine of the School of Business Administration, University of Michigan, June, 1988, pp. 16-19.

"Interview: 'The Debt Crisis at a Turning Point'," in Challenge, May/June, 1988, Vol. 31, No. 3, pp. 17-26. [Download as PDF]

1987

"A Debt Writedown Would Send Bank Stocks Up," in The International Economy, October/November, 1987, Volume 1, No. 1, pp. 96-97.

1986

"Don't Go for the Gold," The New Republic, August 11 & 12, 1986. [Download as PDF]

1985

"External Debt and Macroeconomic Performance in Latin America and East Asia," with John Williamson, Brookings Papers on Economic Activity, Issue 2, 1985.
[Download paper as PDF]

"Comment: Latin American Debt: I Don't Think We Are in Kansas Anymore" (by Diaz Alejandro), Brookings Papers on Economic Activity, Issue 2, 1985.

"Future Fiscal Shock," The New Republic, March 18, 1985.

"Macroeconomic Policies in the OECD and LDC External Adjustment," with Warwick McKibbin, NBER Working Paper, No. 1534, January 1985.
[Download paper as PDF]

1983

"Real Exchange Rate Effects of Fiscal Policy," with Charles Wyplosz, 1983, Econometrica.
(previously NBER Working Paper 1255)

0000

"Interview: 'Charting Poland's Economic Rebirth'," in Challenge, January February 1990.

"Government Spending and Budget Deficits in the Industrial Economies," with N. Roubini, NBER Working Paper No. 2919, Economic Policy 8. April 1989. [Download as PDF]

"Achieving Monetary Stabilization in Russia in 1993," mimeo.

"Federal Fiscal Policy and Optimum Currency Areas," with Xavier Sala-i-Martin, Harvard and NBER, mimeo, June 1989.

"Macroeconomic Adjustment with Import Price Shocks: Real and Monetary Aspects," with Michael Bruno, NBER Working Paper Series, No. 340, April, 1979. [Download paper as PDF]