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Council on Foreign Relations This Month in Geoeconomics
From the Maurice R. Greenberg Center for Geoeconomic Studies

May 2012

Conducting Monetary Policy at the Zero Bound

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Photo by Don Pollard


At a recent CFR meeting led by Columbia University professor Richard Clarida, Federal Reserve Bank of New York president William Dudley emphasized the importance of context when formulating monetary policy. Although simplified prescriptions like the Taylor rule may offer useful starting points for policymakers, Dudley says the exceptionally severe financial crisis has created a new set of political and economic constraints that the Fed must consider as it seeks to fulfill its dual-mandate goals. Watch the Video » / Read the Transcript »


Europe In Crisis

A Fragile Europe Must Change Fast

Given the prohibitive costs of a eurozone breakup and slim prospects for greater fiscal solidarity, CFR distinguished visiting fellow Martin Wolf argues that faster adjustment may be the only way left to bring the region back to economic health. Read more »

The Future of the Euro

Harvard economics professor Martin Feldstein joins Foreign Affairs Editor Gideon Rose to discuss the consequences of the European debt crisis, noting the differences among Greece, Italy, Spain, and others. Watch the Video »

Going Dutch

As debt troubles weigh on the Dutch economy, CFR adjunct senior fellow Michael Hodin suggests that the Netherlands can find relief by harnessing the economic potential of its aging population. Read more »

Campaign 2012

A Budget Grand Bargain Will Follow the Election

CFR co-chairman Robert E. Rubin writes that the pressures of the "fiscal cliff" will present U.S. political leaders with a rare second chance to make critical fiscal reforms after the 2012 elections. Read more »

Mr. Obama, Stop the Attack on Private Equity

CFR senior fellow Sebastian Mallaby explains why private equity represents a sound alternative to the beleaguered public equity model of corporate governance. Read more »

It's the Jobs, Stupid

The latest Geo-Graphics post shows why presidential incumbents should worry more about high unemployment than high gas prices. Read the Blog »

Understanding Growth

Why Do Economies Stop Growing?

CFR distinguished visiting fellow Michael Spence surveys a variety of economic development models, highlighting the problems of long-term sustainability inherent to each. Read more »

When Analyzing Weak Jobs Growth, Size Matters

CFR adjunct senior fellow Peter Orszag highlights federal survey data that shows small businesses are experiencing slower employment growth than larger establishments. Read more »

Developing Symptoms

In the May-June issue of Foreign Affairs, CFR senior fellow Thomas J. Bollyky argues that the United States must lead the charge in the developing world's battle against noncommunicable diseases, which pose grave risks to global economic growth. Read more »

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About CGS

The Maurice R. Greenberg Center for Geoeconomic Studies (CGS)
works to promote a better understanding among policymakers, scholars, journalists, and the public about how economic and political forces interact to influence world affairs.

Michael A. Levi
Director of the Maurice R. Greenberg Center for Geoeconomic Studies
Edward Alden
Bernard L. Schwartz Senior Fellow
Thomas J. Bollyky
Senior Fellow for Global Health, Economics, and Development
Blake Clayton
Adjunct Fellow for Energy
Heidi Crebo-Rediker
Senior Fellow
James P. Dougherty
Adjunct Senior Fellow for Business and Foreign Policy
Jennifer Harris
Senior Fellow
Miles Kahler
Senior Fellow for Global Governance
Robert Kahn
Steven A. Tananbaum Senior Fellow for International Economics
Sebastian Mallaby
Paul A. Volcker Senior Fellow for International Economics
Meghan L. O’Sullivan
Adjunct Senior Fellow
Peter R. Orszag
Adjunct Senior Fellow
Varun Sivaram
Matthew J. Slaughter
Adjunct Senior Fellow for Business and Globalization
A. Michael Spence
Distinguished Visiting Fellow
Benn Steil
Senior Fellow and Director of International Economics


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