Hopes for a spectacular relaunch of the European Union’s Franco-German “motor” after Brexit have thus far failed to materialize. Quite the contrary, now that Paris and Berlin find themselves without the British “third wheel,” almost every issue seems to trigger a bilateral squabble. Whether it is armaments cooperation, energy supply …

Mohammed bin Salman is a charming fellow. The tall, dark, and handsome Saudi prince known as MbS has seduced world leaders and eager pundits left and right. To his supporters, MbS became first in line to the Saudi throne by championing reform in a deeply conservative Gulf kingdom, taking on …

Oil markets have long been central to discussions of the global economy, and fluctuations in oil prices frequently gain widespread attention. This column explores the impact of the rising use of fracking on how oil markets are best conceived within modern macroeconomic theory. The author’s model predicts that as fracking …