“The desire of many reserve managers to diversify away from dollar-denominated assets might help to marginally bolster the yen’s share in the coming years,” says Eswar Prasad, professor of economics and international trade policy. 

“The already extensive disruptions to global supply chains are being exacerbated by the lockdowns in China, adding to inflationary pressures and difficulties in procuring a broad range of consumer goods,” says Eswar Prasad, professor of economics and international trade policy.

Mildred Warner, professor of global development and city & regional planning, says that local governments will need help from state governments to get federal infrastructure money. “What’s been happening in the last - I don’t know - 20 years is this cooperative federalism has become a little less cooperative. And I would call that an uncooperative federalism.” 

Eswar Prasad, professor of international trade policy and economics, discusses the impact China’s zero-COVID policy will have on its economy.

Sarah Kreps, professor of government, discusses sanctions and Russia’s assault on Eastern Ukraine. 

“The Fed is at real risk of losing control of the inflation narrative and could be forced to tighten even more aggressively than it has signaled, raising the risk of a marked slowdown in growth in 2023,” says Eswar Prasad, professor of international trade policy and economics. Prasad is also quoted on Marketplace about President Biden requiring infrastructure bill materials to be made in the U.S. 

Eswar Prasad, senior professor of trade policy and professor of economics, told the British Parliament’s House of Lords Economic Affairs “Committee that the UK has an effective payments system and there is no strong consumer case for a British CBDC.” But he also noted that “one could still make the user case in terms of the CBDC catalyzing additional innovation”. 

“It will be interesting to see what happens in the real wheat belt in North Dakota and Minnesota,” says Chris Barrett, professor of applied economics and policy. “They still have some time to decide what to plant. A deciding factor might be wheat prices shooting up.” 
 

Robert Hockett, professor of law and regulation of financial markets and institutions, says that the U.S.’s economic growth is too strong to be crushed by the Fed’s measure. 

“Putin seems determined to show that he can dictate terms and force countries that are dependent on his country’s natural gas exports to sing to his tune,” says Eswar Prasad, professor of international trade policy. The piece syndicated to The Boston Globe.