Sebastian Mallaby argues that President Obama will be unable to stabilize the U.S. debt over the long term without addressing the problem of ballooning health and pension costs.
Michael Spence explains what China's leadership can learn from Singapore about formulating a growth strategy that is inclusive, stable, and sustainable.
Peter Orszag explains how the transition of Chinese workers from farms to factories has a large role to play in determining the growth rate of the Chinese economy.
Sebastian Mallaby argues that the European Central Bank should embrace a weighted-vote governance structure in its plans for a new bank supervisory board.
Michael Spence writes that Hurricane Sandy and its aftermath have highlighted the need for greater investment in critical infrastructure to minimize economic disruption after a disaster.
As the edge of the fiscal cliff approaches, Peter Orszag lays out the paths available to the Obama administration in negotiating with Congress over the expiring Bush tax cuts and entitlement reform.
Peter Orszag proposes a placeholder deal to get around Congressional gridlock over the expiring Bush tax cuts by establishing a temporary tax refund that would last until either a permanent deal was reached or the unemployment rate dropped.
Benn Steil's column in Dow Jones' Financial News, co-authored with Dinah Walker, analyzes Mitt Romney's budget math. Without questioning the candidate's assumptions on growth or available sources of revenue, they estimate a roughly $1 trillion annual budget gap.
Peter Orszag and Jonathan Orszag argue that, though conspiracy theories regarding the Bureau of Labor Statistics are misguided, BLS methods for compiling macroeconomic statistics do need updating to harness the power of "big data."
The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.
Benn Steil's Wall Street Journal op-ed, co-authored with Dinah Walker, shows that the Fed has effectively been targeting "risk on, risk off"—prodding investors into and out of risky financial assets—for over a decade now. He derives a rule that predicts the Fed's behavior since 2000 even better than the "Taylor Rule" did from 1987 to 1999.
Boeing Chairman, President, and Chief Executive Officer Jim McNerney discusses the involvement of the business community in foreign policy; U.S. global competitiveness and the challenge of balancing fiscal austerity with necessary technology and innovation investment; and Boeing's outlook for the future.
The CEO Speaker series is a unique forum for leading global CEOs to share their insights on issues that are at the center of commerce and foreign policy and to speak to the changing role of business in the international community. The series, sponsored by the Corporate Program, is one way that CFR seeks to integrate perspectives from the business community into ongoing dialogues on pressing policy issues, such as the international economic recovery, sustainable growth and job creation, and the expanding reach and impact of technology.
Ray Dalio explains the basic fundamental components and transactions of the global economic machine and shares his views on the current financial crisis. This session was part of the Corporate Program's CEO Speaker Series.
George Soros explains the events that led to the recent bond purchase announcement by the European Central Bank solidifying its commitment to do whatever it takes to save the euro, and discusses the larger political implications this decision will have for the future of the European Union.
Discover a graphical take on geoeconomic issues, with links to the news and expert commentary.
CFR Experts Guide
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.