Mohamed A. El-Erian

Mohamed A. El-Erian's picture

Mohamed A. El-Erian
About the author:

CEO and co-CIO of PIMCO. Served as President and CEO of the Harvard Management Company for 2 years, while also working at the IMF for 15 years. In 2008, his book "When Markets Collide", won the Financial Times award for Business Book of The Year in addition to being named as the one of the best business books of all time by The Independent.

Is Ireland Proof That Austerity Works?: Mohamed El-Erian

Date: 1 July 2013

People on both sides of the austerity debate are trying to position Ireland as the poster child for their case. This tug-of-war illustrates the complex range of arguments in play – and highlights why conclusive economic policymaking is proving so elusive.

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Have Central Banks Overstretched Their Brand Power and Influence?: Mohamed El-Erian

Date: 5 June 2013

Western central banks have extended themselves well beyond their comfort zones and today face unusual brand management risks: Beyond inflation fighting, they have had to confront market failures, fragmented financial systems, clogged monetary-policy transmission mechanisms, and sluggish growth in output and employment – essentially pushing both their policies and influence to the limit. Are they better off reining in their hyper activism?

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Curing Egypt’s Post-Revolution Blues: Mohamed El-Erian

Date: 21 May 2013

The worsening economic situation in Egypt over the last few months have led many to blame the 2011 revolution for derailing a seemingly stable economy. Given the right reforms however, Egypt can still restore economic and financial stability; and fulfil the promises set out earlier by the revolution.

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The Search for Growth in a Multi-Speed World: Mohamed El-Erian

Date: 11 April 2013

The last few years have highlighted the declining potency of long-standing growth models. Today, some of the biggest world economies struggle to create ample, well-paid and secure jobs amid a secular re-alignment of the global economy. This is a challenge that will not be met easily or quickly. And, when it is met, the process will most likely be partial and uneven, accentuating differences and posing tricky coordination issues at the national, regional, and global levels.

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Central Bank Policies – On Borrowed Time?: Mohamed El-Erian

Date: 22 March 2013

Expansionary central bank policies have, in recent months, helped investors shrug off troubling political uncertainties in order to spark a recovery in global financial markets. Nonetheless, some have called the market rally “one of the most unloved” in history – as any fresh geopolitical shock or political breakdown could negate central bank efforts’; and send financial markets once more down a spiral.

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Will the Transatlantic Free Trade Pact Materialise?: Mohamed El-Erian

Date: 7 March 2013

The promise of freer transatlantic trade is potentially transformational and comes at a time when the West is increasingly dragged down by short-term disruptions and continued policy inertia. But its implementation prospects are far from promising - its challenges highlight how the proposal is subject to the dulling forces of 20th century mindsets and institutions that are too slow to adapt to 21st century challenges and opportunities. 

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Can Egypt’s Elite Plug Its Growing Credibility Gap?: Mohamed El-Erian

Date: 7 February 2013

In the past, a growing gap between what Egypt’s governing elites delivered and the population’s legitimate aspirations would have been addressed by imposing further repression. The new Egypt will not allow this. The empowerment of ordinary Egyptians has fundamentally changed things. Egypt’s political elites do not have unlimited time, and current economic trends are making the need to act increasingly urgent.

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Will Politics Continue To Dominate The World Economy In 2013?: Mohamed El-Erian

Date: 4 January 2013

How politics and economics interact nationally and globally is one of the important questions for 2013 and beyond. There are three scenarios: good economics and effective politics provide the basis for a growing and more cooperative global economy; bad economics interact with dysfunctional politics to ruin the day; or the world muddles through, increasingly unstable, as a tug of war between economics and politics plays out, with no clear result or direction.

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A Risky New Era For Central Banking?: Mohamed El-Erian

Date: 20 December 2012

The political paralysis over economic growth in several developed nations have effectively forced central banks to embark on a shift from their conventional monetary policies. But, the best that central banks can do for now is to buy time, while waiting for other policymaking entities to get their act together; and the new paradigm shift may present the greater risk of loss of credibility and political independence for institutions that are critical to well-managed economies.

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Europe Trapped In Economic War Of Attrition: Mohamed El-Erian

Date: 4 December 2012

Underlying tensions between European countries are gradually emerging as austerity measures imposed by richer economies exacerbate already painful recessions among indebted nations. But while the ECB has managed to stave off an outright economic war between its members for the time being at least, economic peace remains elusive – as long as the governments continue to dither and bicker over long-term solutions.

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The 'Forgotten' Crisis – Why Governments Must Now Resolve Main Street’s Credit Crunch: El-Erian

Date: 5 November 2012

The world is now in the midst of two financial crises: On the one hand, the sovereign debt crisis has rightfully been hogging the headlines as well the attentions of government policymakers; Yet at the same time, declining access to credit for small-to-medium-sized households and businesses has eroded societies’ integrity, productive capabilities, and ability to maintain living standards. With governments doing little to address the private credit debacle, has ‘Main Street’ been left to fend for itself?

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Will Congress Dithering Condemn Future Generations Of Americans?: Mohamed El-Erian

Date: 6 September 2012

According to the latest polls, public support for the U.S. Congress is now at a record low, with few believing that its members can overcome a prolonged period Of congressional paralysis & polarization . What if members of the US Congress, now returning from their summer recess, were to receive a “back to school” memorandum from concerned citizens? At a minimum, it should call on Congress and the president to converge on a multi-prong, multi-year policy initiative that makes simultaneous advances in six critical areas.

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Obama vs. Romney – Does It Really Matter To The Economy?: Mohamed El-Erian

Date: 7 August 2012

Regardless of who wins the upcoming U.S. presidential elections, the next American president will only have limited room for manoeuvre on economic policy. The real choice as such should concern the social policies that accompany a broadly similar set of economic measures; and, here, the differences between the candidates are highly consequential.

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Can The Eurozone Be Rescued In Time? : Mohamed El Erian

Date: 3 July 2012

The eurozone crisis might break European leaders’ inherent resistance to compromise, collaboration, and common action. But the longer they bicker and dither, the greater the risk that what they gain in willingness will be lost to incapacity.

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Why Germany Has No Choice But To Save Europe: Mohamed El-Erian

Date: 2 May 2012

Ultimately, there can be no strong Germany without a stable eurozone; no stable eurozone without a strong Germany; and no global economic stability without both. Germans might not like their choices, but refusing the responsibility of leadership is one option that Germany does not have.

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