Benn Steil's Wall Street Journal op-ed explains the unique historical circumstances in which the Bretton Woods international monetary system emerged in 1944, and why calls for "a new Bretton Woods" today will go unsatisfied.

Jagdish Bhagwati contends that proposals for immigration reform centered on guestworker programs will be unsuccessful in stemming the inflow of undocumented workers.

Examines data including GDP, household debt, and industrial production to show the weakness of the current recovery compared to previous postwar rebounds.

Michael Spence argues that effective management of the assets side of national balance sheets is critical for promoting market efficiency, innovation, and resiliency.

Peter Orszag finds good news about health care costs in the latest budgetary and economic projections released by the CBO, but he cautions that the outlook for unemployment and federal spending is still gloomy.

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.

Because a financial crisis can inflict lasting damage to productivity growth, Peter Orszag argues that the failure of U.S. policymakers to enact a "barbell" fiscal policy now could yield more economic troubles down the road.

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

Peter Orszag explains how globalization is lowering effective corporate tax rates and making it harder for Republicans and Democrats to agree on what tax reforms are needed.

Peter Orszag argues that aggressive action to continue recent slowing in health-care cost growth can help to stabilize the U.S. fiscal trajectory and increase take-home pay.

Michael Spence describes how technological progress affects employment and why policymakers should increase investment in education and skills to help workers adapt.

Peter Orszag outlines the obstacles that China faces on the road to becoming a high-income country and explains why other nations should take note.

This chart book shows the growth in foreign ownership of U.S. assets over time.

Sebastian Mallaby comes down in favor of Ben Bernanke's latest gamble as Fed chairman.

Peter Orszag explains why Build America Bonds could become victims of the fiscal cliff and why they should be saved.

Sebastian Mallaby argues that Europe's future is looking frighteningly like Japan's past.

News, speeches, data, economic organizations and government agencies, research guides and resources related to corruption, labor, and trade.

Peter Orszag writes that reaching a deal to avoid the fiscal cliff will require Republicans and Democrats to be more flexible about the positions they have staked out over tax and entitlement reforms.

Sebastian Mallaby argues that microeconomic struggles are tarnishing the macroeconomic success of the BRICs.

Peter Orszag writes that vague, simplistic strategies to limit tax deductions will lose their appeal as the legislative process exposes their flaws.