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.
Knopf argues that the only remaining path for South Sudan is for an international transitional administration to run the country for a finite period.
The U.S. relationship with Israel is in trouble. Blackwill and Gordon offer six core policy proposals to repair, redefine, and invigorate the partnership.
To ensure the success of Myanmar's historic democratic transition, the United States should revise its outdated and counterproductive sanctions policy.
Kurlantzick offers the sharpest analysis yet of what state capitalism’s emergence means for democratic politics around the world. More
In a cogent analysis of why the United States is losing ground as a world power, Blackwill and Harris explore the statecraft of geoeconomics. More
Takeyh and Simon reframe the legacy of U.S. involvement in the Arab world from 1945 to 1991 and shed new light on the makings of the contemporary Middle East. More
Learn more about CFR’s mission and its work over the past year in the 2015 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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