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Council on Foreign Relations This Month in Geoeconomics
From the Maurice R. Greenberg Center for Geoeconomic Studies

March 2013

Exiting from Monetary Stimulus: A Better Plan for the Fed

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Yuri Gripas / Courtesy Reuters

 

In a new Policy Innovation Memorandum, CFR Director of International Economics Benn Steil offers a neat and innovative way for the Federal Reserve to reverse its monetary stimulus as the economy recovers, without the worrisome economic and political consequences of having to sell off its massive stock of mortgage-backed securities. Read the Memorandum »

 

Euro Struggles

What's Next for Cyprus and the Eurozone

CFR Senior Fellow Robert Kahn writes in a post on his Macro and Markets blog that the Cyprus rescue package was as good a plan as one could hope for, but periphery banking systems are still vulnerable and the roadmap from policymakers for the months ahead remains unclear. Read the Blog Post »

Europe, Italian-Style

In his Project Syndicate column, CFR Distinguished Visiting Fellow A. Michael Spence examines what options the Italian government has for restoring economic growth as eurozone efforts to stabilize the banking sector and sovereign-debt markets founder. Read the Column »

Why Easy Money Is Not Enough: U.S. vs. the Eurozone

In the latest Geo-Graphics blog post, CFR Senior Fellow Benn Steil and CFR Analyst Dinah Walker show why the eurozone economic union is disintegrating. Read the Blog Post »

Lens on Labor

Guestworker Program Won't Stop Flow of Illegal Immigrants

CFR Senior Fellow Jagdish N. Bhagwati contends in an op-ed for YaleGlobal that proposals for U.S. immigration reform centered on guestworker programs will be unsuccessful in stemming the inflow of undocumented workers. Read the Op-Ed »

Trade Does Not Harm U.S. Jobs and Wages

In a post on the Renewing America blog, CFR Senior Fellow Edward Alden reviews Rising Tide: Is Growth in Emerging Economies Good for the United States?, a new book that argues U.S. workers have less to fear from trade competition with developing countries than conventional wisdom suggests. Read the Blog Post »

Diploma Gap Between Rich and Poor Widens

CFR Adjunct Senior Fellow Peter R. Orszag writes in his Bloomberg View column that widening gaps in college completion rates between rich and poor American students undermine the productivity of the U.S. labor force. Read the Column »

Purchasing Power

Malthus Was Wrong: Price of Resources Has Gone Down

CFR Energy Fellow Blake Clayton uses historical price data to show in a post on the Energy, Climate, and Security blog that real prices of major non-renewable resources have decreased over time. Read the Blog Post »

Nuclear Energy Won't Get Cheaper

A new survey indicates that experts believe nuclear energy is unlikely to get significantly cheaper in the next two decades, writes CFR Senior Fellow Michael A. Levi in an Energy, Climate, and Security blog post. Read the Blog Post »

A Critical Look at Obama’s First-Term Economic Policy

In the most recent issue of International Finance, edited by CFR Senior Fellow Benn Steil, Phillip Swagel offers a review of Noam Scheiber's The Escape Artists: How Obama's Team Fumbled the Recovery. Read the PDF »

 

 

About CGS

The Maurice R. Greenberg Center for Geoeconomic Studies (CGS)
works to promote a better understanding among policymakers, scholars, journalists, and the public about how economic and political forces interact to influence world affairs.

Michael A. Levi
Director of the Maurice R. Greenberg Center for Geoeconomic Studies

Edward Alden
Bernard L. Schwartz Senior Fellow

Jagdish N. Bhagwati
Senior Fellow for International Economics

Thomas J. Bollyky
Senior Fellow for Global Health, Economics, and Development

Heidi Crebo-Rediker
Senior Fellow

Jennifer Harris
Senior Fellow

Robert Kahn
Steven A. Tananbaum Senior Fellow for International Economics

Sebastian Mallaby
Paul A. Volcker Senior Fellow for International Economics

Benn Steil
Director of International Economics

Blake Clayton
Adjunct Fellow for Energy

James P. Dougherty
Adjunct Senior Fellow for Business and Foreign Policy

Meghan L. O'Sullivan
Adjunct Senior Fellow

Peter R. Orszag
Adjunct Senior Fellow

Matthew J. Slaughter
Adjunct Senior Fellow for Business and Globalization

A. Michael Spence
Distinguished Visiting Fellow

 

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