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Thomas Piketty’s New Book: Impressive Research, Problematic Solutions (Bruegel) Critiques three of Piketty’s bold suggestions: reforming corporate governance, a tax system overhaul, and European transnational Federalism – all are appealing but Piketty offers no concrete suggestions on policy.
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Japan’s Public Sector Balance Sheet (IMF) In-depth analysis of Japan’s large public sector balance sheet, exceeding 210% of GDP in 2017, but now decreasing in net worth. Looks at risks of crossholdings with the public sector and how pension policies for the aging population will add pressure.