Melvyn Krauss

Senior Fellow

Melvyn Krauss is a senior fellow at the Hoover Institution at Stanford University and an emeritus professor of economics at New York University.

Latest

Coronabonds Are Inevitable. Everybody Knows It

Bloomberg Opinion

Coronabonds Are Inevitable. Everybody Knows It

The protests of the Germans and Dutch against mutualized euro-zone financing should be taken with a large dose of salt.

March 30, 2020

March 30, 2020

OpinionMelvyn Krauss

Coronabonds Are Inevitable. Everybody Knows It

The protests of the Germans and Dutch against mutualized euro-zone financing should be taken with a large dose of salt.

Coronabonds Are Inevitable. Everybody Knows It

March 24, 2020

March 24, 2020

OpinionMelvyn Krauss

The 'No Limits' Solution to Europe's Virus Hit

The ECB must abandon the constraints on how many bonds it can buy from each of its members. Europe needs unconstrained QE to save the euro.

The 'No Limits' Solution to Europe's Virus Hit

March 11, 2020

March 11, 2020

OpinionMelvyn Krauss

Christine Lagarde Should Worry Less About the Germans Now

To help contain the coronavirus crisis, the European Central Bank should follow the Fed’s stimulus move.

Eurogroup Finance Ministers Discuss Euro Area Economic Policy And Outlook

June 3, 2019

June 3, 2019

OpinionMelvyn Krauss

The Scary Side of Europe’s Economic Data

GDP growth is OK, but that metric looks backward. Forward-looking indicators show that a calming presence is crucial at the ECB.

The European Central Bank's Current And New Headquarters

May 20, 2019

May 20, 2019

OpinionMelvyn Krauss

You’re Big, Germany. Now Act Like It.

The German devotion to budget surpluses hurts European partners and betrays a small-country mentality.

Banknotes

November 13, 2018

November 13, 2018

OpinionMelvyn Krauss

Don’t Put Trump’s Fox Into Financial Regulation Henhouse

The U.S. choice to head the Financial Stability Board wouldn’t have the independence needed to press banks on reforms.

Republican National Convention: Day Three

August 30, 2018

August 30, 2018

OpinionMelvyn Krauss

The ECB Should Choose an Italian to Supervise Banks

The Irish front-runner, Sharon Donnery, is highly competent. But there are weightier considerations.

European Banking Authority Chairman Andrea Enria Interview

July 26, 2018

July 26, 2018

OpinionMelvyn Krauss

Trump’s Trade War Is Uniting ECB Hawks and Doves

German monetary hawks finally have something bigger than inflation to worry about.

Spring Meetings Of The International Monetary Fund And World Bank

May 31, 2018

May 31, 2018

OpinionMelvyn Krauss

What Do Steel Tariffs Have to Do With Iran? Plenty

It involves exchanging trade peace for concessions on defense spending and Iran.

Loud and clear.

August 10, 2017

August 10, 2017

OpinionMelvyn Krauss

The Pitfalls of Cutting Low-Skilled Immigration

Washington’s attempt to slash migrant workers in 1964 should serve as a warning to Trump and Republicans.

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July 7, 2017

July 7, 2017

OpinionMelvyn Krauss

Italy's Bank Bailout Serves German Interests Too

The Italian solution helps stabilize the broader banking crisis and removes an obstacle to tighter monetary policy.

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June 16, 2017

June 16, 2017

OpinionMelvyn Krauss

The Politics of Ending Europe's Stimulus

Don't expect the European Central Bank to taper QE while big political risks to the euro remain.

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February 21, 2017

February 21, 2017

OpinionMelvyn Krauss

A Bad Way to Pay for Trump's Corporate-Tax Cuts

A border tax adjustment could cost U.S. consumers $1.2 trillion.

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October 19, 2016

October 19, 2016

OpinionMelvyn Krauss

The ECB Can't Risk a Taper Tantrum

There's still not enough euro inflation to scale back quantitative easing.

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July 27, 2016

July 27, 2016

OpinionMelvyn Krauss

Why More Women Are Winning at Musical Chairs

What ultimately overcame sexism in orchestras? Blind auditions and the competition for talent.

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July 5, 2016

July 5, 2016

OpinionMelvyn Krauss

The EU's Inflexible Bank Rules Risk an Italian Brexit

Italy needs pro-growth policies and a bank rescue if it is to avoid financial turmoil and its own EU exit.

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August 13, 2014

August 13, 2014

OpinionMelvyn Krauss

The U.S. Should Help Lower the Euro

A joint currency intervention to lower the euro would help Europe deal with slow growth and, at the same time, neutralize the impact of sanctions on Europe.

Unity is not on his agenda.

February 5, 2014

February 5, 2014

OpinionMelvyn Krauss

Europe Needs the Fed’s Medicine

December 17, 2013

December 17, 2013

OpinionMelvyn Krauss

Euro’s Best Friend Is U.S. Paralysis

November 7, 2013

November 7, 2013

OpinionMelvyn Krauss

Treasury and Krugman Are Wrong About Germany