Economics

Article

Nigeria: Buhari’s 2016 Budget Continues Use of Secretive ‘Security Votes’

Author: Matthew T. Page
African Arguments

Under President Muhammadu Buhari, the fight against corruption in Nigeria has unquestionably turned a corner. Shortly after taking office in May, he vowed to “plug revenue leakages”, made sweeping changes in the notoriously corrupt Nigerian National Petroleum Corporation (NNPC), and took steps to tighten control over public spending.

 

See more in Nigeria; Presidents and Chiefs of State; Budget, Debt, and Deficits

Other Report

Global Economics Monthly January 2016

Author: Robert Kahn

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that 2016 looks set to be a volatile year in which geopolitics and hard-to-quantify policy dilemmas create significant uncertainty in markets. Policymakers will be asked to make tough decisions about where and when to intervene in markets at a time when their capacity to deal with crisis is increasing challenged, suggesting the road ahead could continue to be bumpy.

See more in Global; Economics

Article

Two Meetings That Can Shape Oil Markets

Authors: Michael A. Levi and Edward Morse
Barron's

As climate plays a growing role in energy markets, serious energy analysis can no longer choose to focus only on traditional energy economics and geopolitics, write Michael Levi and Ed Morse. Policymakers, analysts, companies, and investors that deal in traditional energy will need to become much more sophisticated in their understanding of climate policy.

See more in Global; Financial Markets; Energy and Environment

Other Report

Global Economics Monthly December 2015

Author: Robert Kahn

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the European Union (EU) faces rising populist pressure, reflecting long-term challenges to economic policymaking that can only partly be addressed by a cyclical recovery and debt relief. By strengthening the credibility of economic policy and the region’s resilience to shocks, better policy coordination and a faster path to economic union would go far toward securing a better economic future for Europe and addressing some underlying causes of populism.

See more in Europe; Economics

News Release

Piketty’s “Capital in the Twenty-First Century” Wins 2015 CFR Arthur Ross Book Award

French economist Thomas Piketty has won the fourteenth annual Council on Foreign Relations (CFR) Arthur Ross Book Award for Capital in the Twenty-First Century (Belknap Press) and will receive $15,000. On December 9, CFR will honor the awardees at a cocktail reception hosted by Gideon Rose, editor of Foreign Affairs and chair of the independent award jury.

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Foreign Affairs Article

Beyond Break-Even Prices

Author: Michael A. Levi

When oil prices plunged in 2014, many analysts predicted that major exporters would have to drastically cut supply or else risk fiscal and geopolitical instability. Michael Levi explains why these predictions have been proven wrong.

See more in Global; Oil; Financial Markets