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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June 26, 2018
Monetary Policy
Global Monetary Policy Divergence and the Reemergence of Global Imbalances
To minimize the risk of greater global imbalances, U.S. policymakers should rethink U.S. fiscal policy and focus on the transatlantic imbalances, not the bilateral trade deficit with China.
February 23, 2018
Cybersecurity
Increasing International Cooperation in Cybersecurity and Adapting Cyber Norms
Without increased cooperation, the global digital economy is vulnerable to catastrophic cyberattack.
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…
July 11, 2017
Energy and Environment
Interactive: Oil Exporters' External Breakeven Prices
The 2014 fall in global oil prices, from over $100 a barrel to around $50 a barrel, reduced the export proceeds of the world’s main oil- and gas-exporting economies by about $1 trillion. After a deca…
October 19, 2016
Northeast Asia
The Return of the East Asian Savings Glut
Overview The combined savings of China, Japan, Korea, Taiwan, and the two city-states of Hong Kong and Singapore is about 40 percent of their collective GDP, a thirty-five-year high. No other regi…
