Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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August 23, 2017
Monetary Policy
G-3 Coordination Failures of the Past Eight Years? (A Riff on Cœuré and Brainard)
The world would be in a better place today if the ECB and BoJ had joined the Fed in quantitative easing early on. Their lag in easing contributed to the policy gap that led to the dollar's large 2014…
January 10, 2014
Monetary Policy
Fischer to the Fed
President Obama announced that he intends to nominate Stan Fischer, the former head of Israel’s central bank, to serve as the vice chairman of the Federal Reserve. It also was announced that he woul…
July 20, 2017
Monetary Policy
Can the Fed and ECB Work Together To Reduce Imbalances?
Fed Governor Lael Brainard’s speech on central bank coordination last week was quite interesting—I think it should be read for far more than a signal on when the Fed is likely to next raise the polic…
January 9, 2014
Budget, Debt, and Deficits
Five Policy Issues for 2014
Earlier this week I highlighted five issues that could prove particularly thorny for international economic policymakers this year. They were: – A further sharp depreciation of the yen, in a scenar…