Newly developed long historical time series on public debt, along with modern data on external debts, allow a deeper analysis of the cycles underlying serial debt and banking crises. The evidence confirms a strong link between banking crises and sovereign default across the economic history of great many countries, advanced and emerging alike
Forbes columnist and former Treasure Department economist Bruce Bartlett explains how federal financial planning has evolved over time.
Some of Obama's budget proposals are sound policy, but congressional gridlock and faster economic reforms in China and Europe could jeopardize U.S. competitiveness, says Economist.com editor Ryan Avent.
Gerald F. Seib views the federal budget deficit as a potential national security threat, emphasizing that budget deficits make America vulnerable to foreign pressures, allow Chinese power to grow as a result, put long-term national-security budgets at risk, and underme the American model before the rest of the world.
This Washington Post examination of President Obama's budget blueprint for 2010 underscores what agencies will gain or lose from the proposed budget.
Edward Alden says that Canada's turnaround in the 1990s from running more than two decades of budget deficits offers lessons for the United States today.
Peter Beinart writes, "after years of evasiveness by the GOP, finally some frank talk about deficits from Obama and even from Hillary in China."
Many of the economic reforms under discussion now, including the fiscal stimulus and infrastructure spending, were central in the original New Deal package. But as Amity Shlaes argues in this New York Post op-ed, many of these reforms didn't work well then, and some failed outright.
CFR's Benn Steil analyzes the financial rescue plan under debate on Capitol Hill and suggests adjustments that he says would make it more effective and less risky for the federal government.
Robert Hormats, the vice chairman of Goldman Sachs International, discusses hidden economic costs of the Iraq war and urges frank discussion of the U.S. military budget.
Joseph Stiglitz, a Nobel Prize-winning economist, and Robert Hormats of Goldman Sachs International discuss the impact of the Iraq war on the U.S. economy.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
Ashley's War tells the poignant and gripping story of a groundbreaking team of female American warriors who served alongside Special Operations soldiers in Afghanistan. More
Smith's insightful book explores the policy issues testing the Japanese government as it tries to navigate its relationship with an advancing China. More
This revolutionary new look at volatility and crisis in oil markets explores the conditions in which oil supply fears arise, gain popularity, and eventually wane. More
Learn more about CFR’s mission and its work over the past year in the 2014 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass.
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