Benn Steil's latest Forbes op-ed, co-authored with Dinah Walker, shows why Greece may turn out to be a deciding factor in the German elections. While it is widely believed that a fresh mandate for Chancellor Merkel means more robust German involvement to end the eurozone crisis, they show why the loss of her FDP coalition partner could mean the opposite.
Examines data including GDP, household debt, and industrial production to show the weakness of the current recovery compared to previous postwar rebounds.
The Fed, which celebrates its centennial in 2013, has been transformed in the past decade, expanding its role of maintaining full employment and stable prices to deploying trillions of dollars to boost the U.S. economy.
Benn Steil's op-ed asks whether Germany is making the same errors in managing the eurozone crisis today as the United States made with its wartime allies at Bretton Woods in 1944.
Michael Spence writes that cooperation between the United States and China on issues surrounding the environment, trade, investment, and financial stability will be critical not only for the continued well-being of the two countries, but also for the successful rebalancing of the world economy.
Benn Steil's op-ed for Paul Solman's PBS The Business Desk site looks critically at calls for "a new Bretton Woods." He argues that many of the critical precepts behind the 1944 American Bretton Woods blueprint were overturned by the Truman Administration a mere three years later, and that the operation of the Bretton Woods monetary system was far briefer and more troubled than is typically reckoned.
Nobel Laureate economist Joseph Stiglitz discusses how the lack of financial regulation creates market instability which results in inequality, and addresses ways to strengthen both the U.S. and international economy, to prevent further collapse.
The IMF Board of Governors is advised by the Development Committee and the International Monetary and Financial Committee. After the IMF-World Bank Spring meetings, both committees released final communiqués on April 20, 2013.
Lori Wallach, director of Public Citizen's Global Trade Watch, discusses investment treaties, their implications for policies to promote financial stability and sustainable use of natural resources, and the flaws of the arbitration system used by investors and nations to settle conflicts, with a focus on the global south.
The IMF launched this report in March 2002, in order "to provide a regular assessment of global financial markets and to identify potential systemic weaknesses that could lead to crises."
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.
Edward Alden writes that the U.S.-European Union Transatlantic Trade and Investment Partnership negotiations are "the biggest consolation prize in the history of international trade liberalization."
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.
Special operations play a critical role in how the United States confronts irregular threats, but to have long-term strategic impact, the author argues, numerous shortfalls must be addressed.
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.
An authoritative and accessible look at what countries must do to build durable and prosperous democracies—and what the United States and others can do to help. More
Through an in-depth analysis of modern Mexico, Shannon O'Neil provides a roadmap for the United States' greatest overlooked foreign policy challenge of our time—relations with its southern neighbor. More