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

January 2014

In Search of Calmer Waters

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Lucas Jackson / Courtesy Reuters

 

As the year begins, the U.S. Congress has reached a budget deal and the U.S. Federal Reserve has announced the long-awaited start to its exit from quantitative easing. CFR Senior Fellow Robert Kahn writes in a post on his Macro and Markets blog that these two developments have put the global economy on track for a period of relative calm in 2014. Read the blog post

 

Limits of the Fed

Which Fed Guidance Should We Believe?

In a post on the Geo-Graphics blog, CFR Senior Fellow Benn Steil and CFR Analyst Dinah Walker argue that the divergence of market expectations from Federal Reserve guidance suggests that the Fed's experiment with data-based guidance has been a flop. Read more »

No Substitute for Fiscal Discpline

CFR Co-Chairman Robert E. Rubin argues in a Financial Times op-ed that misguided fiscal policy is dragging down the U.S. economic recovery, leaving the Federal Reserve to keep markets afloat with risky monetary policy. Read the op-ed »

Trade Talk

Trade Deals Take Global Commerce Back to the Future

CFR Senior Fellow Edward Alden argues in an article for World Politics Review that the United States and European Union are reasserting their control over global trade rules after two decades of stalemate with developing countries. Read the article »

Will China's Air Defense Zone Chill Trade?

Although China has rattled nerves with its new territorial claims over the East China Sea, CFR Senior Fellow Thomas J. Bollyky says in a CFR.org interview that China's recent actions are unlikely to leave a lasting mark on trade relations in the region. Read the interview »

Growing Fairly, Growing Smartly

The Distributional Challenge

CFR Distinguished Visiting Fellow A. Michael Spence writes in his column for Project Syndicate that the pursuit of equitable and inclusive economic growth will be a defining feature of policymaking around the world in 2014. Read the column »

Development Bloat

On ForeignAffairs.com, University of Minnesota assistant professor Marc F. Bellemar argues that economic development has come to mean too many things—so many things, in fact, that it now mostly serves to harm the world's poor. Read the article »

On Immigration, Look to the States

CFR Senior Fellow Jagdish N. Bhagwati and Francisco Rivera-Batiz, emeritus professor of Columbia University Teachers College, write in a Los Angeles Times op-ed that U.S. immigration reform should harness competition among states to realize the social and economic benefits of immigration-friendly policies. Read the op-ed

 

 

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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