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

September 2012

Lessons Learned From the 2011 Strategic Petroleum Reserve Release

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Joshua Lott / Courtesy Reuters


In a new Working Paper, CFR Fellow for Energy and National Security Blake Clayton studies the political and economic consequences of the coordinated release of emergency oil stockpiles in summer 2011. Clayton draws lessons from the experience for policymakers considering future releases and concludes that tapping reserves can limit price shocks in the short term but should only be done in the direst of economic circumstances. Read the Working Paper ยป


Risk Analysis

Bernanke's 'Risk-On, Risk-Off' Monetary Policy

In a Wall Street Journal op-ed co-authored with CFR analyst Dinah Walker, CFR Senior Fellow Benn Steil 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. They derive a rule that predicts the Fed's behavior since 2000 even better than the "Taylor Rule" did from 1987 to 1999. Read the Op-Ed »

Regulators Should Keep It Simple

Although the recent financial crisis has prompted calls for more sophisticated monitoring of risk, CFR Senior Fellow Sebastian Mallaby argues that simplicity should trump complexity in financial regulation. Read the Column »

Too Much and Too Little

How Much Health-Care Spending Is Wasted? Lots.

CFR Adjunct Senior Fellow Peter Orszag says recent research shows that the United States could spend its health-care dollars more efficiently and effectively by moving away from a fee-for-service payment model. Read the Column »

Getting Focused and Funded to Fight a Global Epidemic

While the U.S. health care system struggles with wasteful spending, CFR Senior Fellow Thomas Bollyky says the international effort to combat noncommunicable diseases still lacks crucial funding, support, and public attention more than one year after the UN took up the issue at a high-level meeting. Read the Interview »

Seeking Growth

Hard Truths About Global Growth

CFR Distinguished Visiting Fellow Michael Spence explains that the global economy is facing an extended period of slow growth as deleveraging continues, public-sector investment stalls, and incomes stagnate. Read the Column »

Moving in the Wrong Direction

CFR Senior Fellow Edward Alden digs into the World Economic Forum's latest Global Competitiveness Report to better understand why the United States has fallen from the top of the report's annual rankings. Read the Post on Renewing America »

Follow Geo-Graphics on Twitter

On Twitter? Follow @CFR_GeoGraphics for a graphical take on geoeconomic issues from CFR Senior Fellow Benn Steil and analyst Dinah Walker.



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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