Analyst, Geoeconomics
Contact Info:
E-mail: dwalker@cfr.org
Publications
Examines data including GDP, household debt, and industrial production to show the weakness of the current recovery compared to previous postwar rebounds.
See more in United States, Financial Crises, Geoeconomics, International Finance
Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.
See more in United States, U.K., Economics, Capital Markets, Financial Crises, Geoeconomics, International Finance
Benn Steil's column in Dow Jones' Financial News, co-authored with Dinah Walker, shows why last March's Greek debt restructuring left Greece in poor shape to avoid financial collapse
See more in Greece, Economics, Financial Crises, Geoeconomics, International Finance
This chart book shows the growth in foreign ownership of U.S. assets over time.
See more in United States, Economics, Geoeconomics, International Finance
Benn Steil's Forbes op-ed, co-authored with Dinah Walker and Romil Chouhan, shows why President Obama's touting of renewable energy as a job-creator is misguided.
See more in Economics, Economic Development, Financial Crises, Labor, Energy/Environment, Climate Change, Energy, U.S. Strategy and Politics, Presidency
Benn Steil's column in Dow Jones' Financial News, co-authored with Dinah Walker, analyzes Mitt Romney's budget math. Without questioning the candidate's assumptions on growth or available sources of revenue, they estimate a roughly $1 trillion annual budget gap.
See more in Economics, Geoeconomics, International Finance, U.S. Strategy and Politics, Presidency, U.S. Election 2012
Benn Steil's Wall Street Journal op-ed, co-authored with Dinah Walker, shows that the Fed has effectively been targeting "risk on, risk off"—prodding investors into and out of risky financial assets—for over a decade now. He derives a rule that predicts the Fed's behavior since 2000 even better than the "Taylor Rule" did from 1987 to 1999.
See more in Economics, Financial Crises, Geoeconomics, International Finance
Benn Steil's column in Dow Jones' Financial News, co-authored with Dinah Walker, provides new evidence highlighting the endemic flaws in LIBOR as both a benchmark for setting market lending rates and a central-bank metric for judging policy effectiveness.
See more in Economics, Financial Crises, Geoeconomics, International Finance
Economic Downturn: Compares economic indicators from the latest recession to past downturns, both post-war and pre-war, to demonstrate the recent recession is worse than other post-war recessions.
See more in United States, Financial Crises, Geoeconomics, International Finance