Geoeconomics
Peter Orszag argues that low interest rates and high unemployment make today an ideal time to repair deteriorating U.S. infrastructure.
See more in Economics, Financial Crises, Geoeconomics, Infrastructure
Peter Orszag writes that, although health care costs have been rising more slowly, recent data suggest Medicare spending growth may have sped up slightly in the past few months.
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Michael Spence examines what options the Italian government has for restoring economic growth as eurozone efforts at stabilization the banking sector and sovereign-debt markets founder.
See more in Germany, Italy, EU, Economic Development, Financial Crises, Geoeconomics, International Finance
Benn Steil's op-ed on Bloomberg Echoes describes the drama surrounding the collapse of dollar-starved Britain's empire in the wake of WWII.
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Peter Orszag argues that widening gaps in college completion rates between rich and poor students not only undermines the American ideal of equal opportunity, but also misses an economic opportunity to boost productivity.
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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.
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Jagdish Bhagwati contends that proposals for immigration reform centered on guestworker programs will be unsuccessful in stemming the inflow of undocumented workers.
See more in Mexico, United States, Geoeconomics, Labor
Michael Spence argues that effective management of the assets side of national balance sheets is critical for promoting market efficiency, innovation, and resiliency.
See more in Economic Development, Financial Crises, Geoeconomics, Infrastructure, International Finance
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.
See more in Financial Crises, Geoeconomics
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.
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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.
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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, Financial Crises, Geoeconomics, International Finance
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.
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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.
See more in Financial Crises, Geoeconomics, International Finance, Labor, Health, U.S. Strategy and Politics
Michael Spence describes how technological progress affects employment and why policymakers should increase investment in education and skills to help workers adapt.
See more in Economic Development, Geoeconomics, Labor, Technology Transfer
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.
See more in China, Business and Foreign Policy, Economic Development, Emerging Markets, Geoeconomics
Sebastian Mallaby comes down in favor of Ben Bernanke's latest gamble as Fed chairman.
See more in Capital Markets, Financial Crises, Geoeconomics, International Finance
Peter Orszag explains why Build America Bonds could become victims of the fiscal cliff and why they should be saved.
See more in Financial Crises, Geoeconomics, Infrastructure, Congress, Presidency
Sebastian Mallaby argues that Europe's future is looking frighteningly like Japan's past.
See more in EU, Japan, Financial Crises, Geoeconomics, International Finance
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.
See more in Financial Crises, Geoeconomics, Congress, Presidency, U.S. Election 2012