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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 31, 2017

United States
A New Deal for the Twenty-First Century

Meeting America's economic challenges will require bipartisan cooperation and the adoption of a Twenty-First Century New Deal for American workers.

Iron workers twenty-first century deal

May 10, 2013

Immigration and Migration
Managing Illegal Immigration to the United States

Overview The authors examine U.S. efforts to prevent illegal immigration to the United States. Although the United States has witnessed a sharp drop in illegal border crossings in the past decade …

Managing Illegal Immigration to the United States cover

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.

March 1, 2016

Economics
Global Economics Monthly: March 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the International Monetary Fund (IMF) deserves credit for effectively responding to the global and European financial crises. However, the institution will face different and potentially more difficult challenges in the next five years as it struggles to come to terms with a changing international power order and lending rules that are not well suited to address future crises.

February 13, 2018

Trade
Adapting International Trade Institutions to New Realities

International trade institutions should be reformed with a focus on increasing public support for the rules-orientated system.

Macri MC11 International Trade

February 3, 2016

Asia
Global Economics Monthly: February 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the idea of capital control is less radical than it seems; although comprehensive liberalization is theoretically the ideal option, capital controls may be China’s best chance to end the panic roiling global markets.

February 1, 2016

Labor and Employment
No Helping Hand: Federal Worker-Retraining Policy

A decade ago the United States had the lowest share of long-term unemployed workers among developed nations. But today U.S. long-term unemployment levels are nearly as high as those in Europe, despite stronger overall U.S. economic performance. This Progress Report and Scorecard demonstrates that U.S. federal employment and training programs that assist job seekers do little to help the long-term unemployed prepare for different careers.

Renewing_America_Worker_Retraining_Scorecard_lrg.jpg

January 11, 2016

Financial Markets
Global Economics Monthly: January 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that 2016 looks set to be a volatile year in which geopolitics and hard-to-quantify policy dilemmas create significant uncertainty in markets. Policymakers will be asked to make tough decisions about where and when to intervene in markets at a time when their capacity to deal with crisis is increasing challenged, suggesting the road ahead could continue to be bumpy.