The global economy in 2018, according to a Nobel laureate

Nov 30, 2017

An employee of a foreign exchange trading company looks at a monitor showing the Japanese yen's exchange rate against the U.S. dollar in Tokyo August 4, 2011. Japan sold one trillion yen ($12.6 billion) and its central bank eased monetary policy on Thursday, joining Switzerland in efforts to tame currencies buoyed by safe-haven demand from investors fretting about the health of the global economy. REUTERS/Kim Kyung-Hoon (JAPAN - Tags: BUSINESS POLITICS)

Labor-market mismatches are likely to grow, sharpening inequality as a result. Image: REUTERS/Kim Kyung-Hoon

A. Michael Spence

William R. Berkley Professor in Economics and Business, NYU Stern School of Business

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