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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
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.
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 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
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
November 10, 2008
The Wall Street Journal reports on China's plan to bolster its economy with an injection of $586 billion or four trillion yuan, an enormous sum compared with China's six trillion yuan annual budget for 2008.
See more in China, Financial Crises
November 9, 2008
Munchen argues that the Bank of England's move to cut the interest rate to 3 percent is unlikely to help prevent the UK's impending economic slump because "channels through which monetary policy affects the real economy are still clogged."
See more in U.K., Financial Crises
November 8, 2008
The G-20 meeting in Washington on November 15 is an opportunity for India to help shape the new global economic architecture in line with its strategic interests. India should propose short-term crisis response actions and suggest a clear medium-term agenda.
See more in India, Emerging Markets, Financial Crises
October 22, 2008
Newsweek asks winners of the Nobel Prize in Economic Sciences to advise the next president on crafting a plan to revive the slumping U.S. economy.
See more in United States, Financial Crises
October 12, 2008
Economist Paul Krugman asserts that, under Prime Minister Gordon Brown's leadership, the UK moved more swiftly and decisively than the U.S. in response to the financial crisis.
See more in U.K., Financial Crises, International Finance
January 2008
A strategy paper examining what circumstances necessitate a fiscal stimulus package and how that package can most effectively be implemented.
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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