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June 29, 2015

Energy and Climate Policy
Oil Prices, Low-Carbon Energy, and Climate Policy

Overview For decades, oil prices have influenced the outlook for alternatives to oil and policies that support those alternatives. Expensive oil makes substitutes more appealing; cheap oil makes t…

Oil Prices, Low-Carbon Energy, and Climate Policy header

July 11, 2017

Fossil Fuels
Using External Breakeven Prices to Track Vulnerabilities in Oil-Exporting Countries

The best single measure of the resilience of an oil- or gas-exporting economy in the face of swings in the global oil price is its external breakeven price: the oil price that covers its import bill…

External breakevens petroleum oil

October 16, 2018

Cybersecurity
Disinformation on Steroids

Deep fakes—highly realistic and difficult-to-detect depictions of real people doing or saying things they never said or did—are a profoundly serious problem for democratic governments and the world order. A combination of technology, education, and public policy can reduce their effectiveness.

An image from a fake video of former President Barack Obama, demonstrating facial-mapping technology.

January 1, 2017

Global
Global Economics Monthly January 2017

Bottom Line:  Markets showed impressive resilience in the face of a range of geopolitical shocks in 2016, but recent market moves suggest this year could be different. A greater range of possible, if…

November 22, 2016

Cybersecurity
Creating a Federally Sponsored Cyber Insurance Program

The U.S. federal government has long debated using insurance as a tool to create incentives for better cybersecurity in the private sector, and has tried to prod the insurance industry to offer cyber…

Knake_Cyber_Brief-web-medium.jpg

September 12, 2016

G20 (Group of Twenty)
Global Economics Monthly: September 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that at the Group of Twenty (G20) Summit in Hangzhou, China, leaders called for governments to do more to support growth, but offered little in the way of new measures. Quietly, and away from the G20 spotlight, fiscal policy is becoming more expansionary, but current policies are unlikely to provide a meaningful boost to growth or soothe rising populist pressures.

July 18, 2016

Russia
Global Economics Monthly: July 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that summer has seemingly brought a new optimism about the Russian economy. Russia’s economic downturn is coming to an end, and markets have outperformed amidst global turbulence. But the coming recovery is likely to be tepid, constrained by deficits and poor structural policies, and sanctions will continue to bite. Brexit-related concerns are also likely to weigh on oil prices and demand. All this suggests that Russia’s economy will have a limited capacity to respond to future shocks.

May 4, 2016

Venezuela
Global Economics Monthly: May 2016

Bottom Line: The crisis in Venezuela continues to escalate, with no recovery or relief in sight. A messy and chaotic default looms, and the rescue will likely involve a tough adjustment program, larg…

April 13, 2016

G20 (Group of Twenty)
Global Economics Monthly: April 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the case for strong and effective Group of Twenty (G20) leadership is as compelling as ever. But if the G20 is to be as effective in noncrisis times as it was in 2008–2009, it needs stronger Chinese leadership, working informally yet closely with the United States—a Group of Two (G2) within the G20. Debt policy is one area where China and the United States should cooperate this year.

July 2, 2019

Global Governance
Reevaluating Global Trade Governance Structures to Address Climate Change

Climate change is imperiling humanity’s future. To combat it, the world needs to use rules that have been around for decades, create new rules, and find new space for climate change policy.

A sorting machine at a recycling site in Edinburgh, Scotland, on April 17, 2019