Mohamed A El-Erian

Economist, investor and author; former CEO and co-CIO of PIMCO and former chief economic adviser at Allianz; author and commentator on global financial markets (e.g., When Markets Collide).

This list of books are ONLY the books that have been ranked on the lists that are aggregated on this site. This is not a comprehensive list of all books by this author.

  1. 1. The Only Game In Town

    Central Banking in an Era of Scant Evidence and Big Risks

    A clear-eyed analysis of how, after the global financial crisis, central banks became the dominant force shaping markets and economies—using unconventional tools such as quantitative easing and ultra-low interest rates to stabilize growth while unintentionally distorting asset prices, encouraging risk-taking, and masking deeper fiscal and structural problems. The book explains the limits and side effects of relying primarily on monetary policy, explores the interactions among monetary, fiscal and structural policies, and warns that without coordinated reforms (on debt, demographics, productivity and inequality) the global economy and investors face persistent vulnerabilities. It also offers practical perspectives for investors and policymakers on managing uncertainty, applying scenario thinking, and preparing for a future in which the “only game” can no longer carry the full burden of economic repair.

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