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Jeffrey Frankel

Jeffrey Frankel is professor of capital formation and growth at Harvard University. He is a research associate at the National Bureau of Economic Research. 

July 2024

  • 24-carat gold bars at the US West Point Mint facility in West Point, New York

    Project Syndicate economists
    Why have US shares, gold and the dollar been soaring?

    Jeffrey Frankel
    The emergence of artificial intelligence has pushed the tech sector to all-time highs, but other assets have risen, too

June 2024

  • huge fields of solar panels next to a field of green crops

    Project Syndicate economists
    It doesn’t make sense: why US tariffs on Chinese cleantech risk the green transition

    Jeffrey Frankel
    Global demand for renewable energy is surging so why make solar panels, wind turbines and EVs dearer for western consumers?

November 2023

  • The seal of the Board of Governors of the US Federal Reserve System.

    Project Syndicate economists
    Did the US Federal Reserve rein in inflation? Possibly

    Jeffrey Frankel
    Some credit the Fed and Joe Biden for America’s relatively painless escape from inflation. It’s not a simple answer

August 2023

  • euro currency notes

    Project Syndicate economists
    Is the era of zero interest rates gone for good?

    Jeffrey Frankel
    Cost of borrowing will probably stay elevated for foreseeable future, making it harder for governments to service debts

December 2022

  • A trader works on the floor of the New York stock exchange on 2 December 2022.

    Project Syndicate economists
    Predictions that global economy is heading for a recession are premature

    Jeffrey Frankel
    Despite many forecasts, a worldwide downturn in 2023 is not inevitable – and it can be avoided

May 2022

  • A solar panel farm in what was once a field used for agriculture, in California's drought-stricken Central Valley near Huron.

    Project Syndicate economists
    The west can cut its energy dependency on Russia and be greener

    Jeffrey Frankel
    The Ukraine war has focused minds on win-win policies from ending coal and oil subsidies to raising petrol taxes on petrol

September 2021

  • a bitcoin image on a smartphone held up against the El Salvador flag

    Project Syndicate economists
    El Salvador’s adoption of bitcoin as legal tender is pure folly

    Jeffrey Frankel
    Cryptocurrencies are a baffling entity but adopting it as legal tender is the strangest, most worrying aspect of all

August 2021

  • A Unicef worker checks boxes of the Moderna Covid-19 vaccine after their arrival at the airport in Nairobi, Kenya.

    Project Syndicate economists
    G20 must prioritise global Covid action at October meeting

    Jeffrey Frankel
    US and other rich countries must allocate more to make vaccines available to low- and middle-income countries

February 2021

  • The logos of video game retail store GameStop and trading application Robinhood in a computer and on a mobile phone

    Project Syndicate economists
    David v Goliath narrative in GameStop story has serious flaws

    Jeffrey Frankel
    There are no clear-cut heroes or villains, only some investors who will weather losses better

January 2021

  • Ronald Reagan in the Oval Office of the White House

    Project Syndicate economists
    Republicans are rediscovering the dangers of budget deficits

    Jeffrey Frankel
    The party has done the same thing every time a Democrat has won the presidency

December 2020

  • Donald Trump

    Project Syndicate economists
    The three most misused phrases in US politics in 2020

    Jeffrey Frankel
    ‘Witch-hunt’,’ ‘black swan’ and ‘exponential’ entered wide use but were often applied incorrectly

November 2020

  • Joe Biden listens as John Kerry speaks

    Project Syndicate economists
    Joe Biden will lead the US back to international cooperation

    Jeffrey Frankel
    After Donald Trump, the US should work with others on the climate crisis and economic stimulus

October 2020

  • Joe Biden, wearing a mask, claps on stage

    Project Syndicate economists
    Joe Biden looks like a safe pair of hands for the US economy

    Jeffrey Frankel
  • The remains of a golf cart caught in the wildfire at Calistoga, Napa Valley, California

    Project Syndicate economists
    Covid-19 and the climate crisis are part of the same battle

    Jeffrey Frankel

August 2020

  • Gold bullion bars

    Project Syndicate economists
    Price of gold should not determine US monetary policy

    Jeffrey Frankel
    Even if the only objective was low and stable inflation it would be a bad idea

June 2020

  • A woman wearing a facemask walks past a shuttered shop reading “love triumphs fear” amid the coronavirus pandemic in Queens, New York City

    Project Syndicate economists
    The US is officially in recession thanks to the coronavirus crisis

    Jeffrey Frankel
    The pandemic-induced collapse has brought a formal declaration faster than in 2008

May 2020

  • Shenzhen, China

    Project Syndicate economists
    Is China overtaking the US as a financial and economic power?

    Jeffrey Frankel
  • Oxford Street in London, the UK’s busiest shopping street, lays empty.

    Project Syndicate economists
    How to avoid a W-shaped global coronavirus recession

    Jeffrey Frankel

March 2020

  • The US President, Donald Trump

    Project Syndicate economists
    Coronavirus should not have caught leaders and markets off-guard

    Jeffrey Frankel
    Contrary to what Donald Trump would like to believe, such a pandemic was predicted last year

February 2020

  • A trader on the floor of the New York stock exchange

    Project Syndicate economists
    Will coronavirus trigger a global recession?

    Jeffrey Frankel
    World economy’s prospects look bleak owing to Covid-19 outbreak and Donald Trump’s trade policy
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