I have written two books: The People’s Money: How China is building a global currency (Columbia University Press, 2016) and The Cost of Free Money (Yale University Press, 2020). I also regularly write for newspapers and websites, and appear on radio and TV as a commentator on economics. 

I am Professor of International Economics and Chair Advisory Board at the Global Policy Institute at Queen Mary, University of London, and Adjunct Professor at the Department of Political and Social Sciences at the University of Bologna. Previously, I was Director of International Economics Research at the Royal Institute of International Affairs (Chatham House) for over ten years. 

I am a non-executive director of Scottish Mortgage Investment Trust PLC and BlackRock Greater Europe Investment Trust PLC.

I am the founder and director of Essential Economics, an independent economic research service.

Paola Subacchi

You can read a preview of my latest book The Cost of Free Money on Google Books here

The Cost of Free Money was named one of the Best Economics Books of 2020 by the Financial Times


Covid-19 needs a sustained fiscal response

The policy response to the current economic downturn will not be a rerun of the response to the 2008 global financial crisis. Many commentators have been highlighting the parallels between the two crises, but this time the situation is different so the responses must be different. In 2008-09, led by the US, the steps take […]

The Cost of Free Money – Reviews

At the beginning of August The Scotsman published a review of my latest book The Cost of Free Money (July 2020, Yale University Press). As more reviews are steadily coming in, I thought it would make sense to create one place where they can be accessed easily. You can find the list below, which I’ll […]

The Cost of Free Money – Panel Discussion, 14 July 2020

To mark the publication of my latest book The Cost of Free Money (July 2020, Yale University Press) we organised an online panel discussion looking at the future of the global economic order. I was delighted to be joined by a stellar panel of thinkers, including Barry Eichengreen, University of California Berkeley; Danny Quah, National University of […]