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March 2009
U.S. consumers are spending less and saving more. The economic impact of that combination will depend on how fast incomes grow.
See more in United States, Financial Crises
March 12, 2009
The Economist discusses the next phase of the world's economic downturn: a global jobs crisis.
March 8, 2009
Martin Wolf discusses how the financial crisis will affect the legitimacy of the market and capitalism in general.
See more in Economics, Geoeconomics
February 9, 2009
David Pilling writes that Asia's reliance on trade, once considered its strength, has contributed to the speed and depth of the crisis.
February 7, 2009
Greg Mankiw warns against taking on China's supposed currency manipulation in the name of 'fair trade', in this New York Times op-ed.
February 5, 2009
The Economist argues that the U.S. must lead in vigorously opposing the rising spectre of economic nationalism.
See more in Economics, Geoeconomics
January 29, 2009
The Economist writes that government is fighting back against the global recession with an activism rarely seen outside of wartime.
See more in Economics
January 23, 2009
The Financial Times' Martin Wolf examines the economic questions facing world policymakers in 2009 and says these decisions could shape global finance for decades to come.
See more in Economics, Financial Crises
January 22, 2009
Nouriel Robini at RGE Monitor explains why China's officially announced figure of 6.8% growth in the fourth quarter of 2008 may actually indicate that the PRC has entered a recession.
See more in China, Financial Crises
January 20, 2009
In this Financial Times op-ed, Martin Wolf argues that the economic crisis is a product of the global economy and cannot be cured by the U.S. alone.
See more in Economics, International Finance
January 15, 2009
Brookings Institution fellows Martin Neil Baily and Charles L. Schultze defend the Troubled Assets Relief Program against misguided criticism.
See more in United States, Financial Crises
January 15, 2009
This World Economic Forum report explores a near-term industry outlook characterized by an expanded scope for regulatory oversight, back to basics in the banking sector, some restructuring by alternative investment firms and the emergence of a new set of winners and losers. Over the long-term, the report finds that a range of external forces and critical uncertainties have the power to significantly shape the industry.
See more in Financial Crises
January 11, 2009
In this Washington Post article, Greg Ip says that while the risk of a U.S. default is unlikely, it is no longer unthinkable.
See more in Economics, Financial Crises
January 8, 2009
This Economist article discusses evidence from past financial crises which suggest that America's current recession is likely to be severe.
See more in Financial Crises
January 4, 2009
In this Financial Times article, John Plender asks whether financial innovation is a blessing or a curse and to what extent it should be curbed.
See more in Financial Crises
January 3, 2009
Michael Lewis, a contributing editor at Vanity Fair, and David Einhorn, President of Greenlight Capital, suggest a number of changes that need to be made in the financial system in order to avoid a similar crisis from occurring again.
See more in Economics, Financial Crises
January 2009
Nouriel Roubini, chairman of RGE Monitor, warns that we are only at the early stages of this crisis and that the worst is not yet behind us.
See more in Economics, Financial Crises
December 30, 2008
In the Financial Times, Ralph Atkins discusses the long-term prospects for the euro ten years after its establishment.
December 30, 2008
An Economist news analysis argues that as capital markets become more discriminating, it no longer affords shelter from reform.
December 28, 2008
Lawrence Summers, the head of President Obama's White House National Economic Council, writes that any economic stimulus measure must both create jobs and undertake long-term investments in infrastructure, health care, energy, and education.
See more in United States, Financial Crises
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In Money, Markets, and Sovereignty, the authors present a fascinating intellectual history of monetary nationalism from the ancient world to the present and explore why, in its modern incarnation, it represents the single greatest threat to globalization.
In The Closing of the American Border, Edward Alden goes behind the scenes to tell the story of the Bush administration’s struggle to balance security and openness in the wake of the September 11, 2001, terrorist attacks.
In Termites in the Trading System, Jagdish Bhagwati reveals how the rapid spread of preferential trade agreements endangers the world trading system.
In Regional Monetary Integration, Peter B. Kenen poses an important question: Should various country groups follow the lead of the European Monetary Union and form similar full-fledged monetary unions?
In contrast to conventional wisdom, the growth in government spending and heightened regulation during the Great Depression may have done much to slow economic recovery.
In this report, Benn Steil shows that the financial crisis is the inevitable bust of a classic credit boom, and explains how monetary, taxation, and home ownership promotion policy combined with other feaures of the financial system to fuel an unsustainable buildup in debt. He recommends significant reforms to reverse the debt financing bias and make the system more resilient to falls in asset prices.
In order for policymakers to tackle today’s global economic crisis, this report argues, they must go beyond bailouts and stimulus packages and focus on one of the crisis's root causes: imbalances between savings and investment in major countries.
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