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February 3, 2011

Monetary Policy
Managing the World's Dollar Dependency

Introduction The global financial crisis has exposed a weakness in the international monetary (non-)system. Desired levels of currency reserves in emerging markets have jumped over the past decade…

Managing the World's Dollar Dependency header

July 8, 2013

Fossil Fuels
The Case for Allowing U.S. Crude Oil Exports

Federal lawmakers should overturn the ban on exporting crude oil produced in the United States. As recently as half a decade ago, oil companies had no interest in exporting U.S. crude oil, but that h…

The Shale Gas and Tight Oil Boom header

March 19, 2014

Infrastructure
Infrastructure Finance in America—How We Get Smarter

To advise state and local government on how best to use private investment and build more critical infrastructure in a cost-effective way, Heidi Crebo-Rediker recommends the federal government create a new advisory unit within the Treasury Department called "Infrastructure USA."

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April 25, 2012

Security Alliances
A Strategy for the U.S.-Japan Alliance

On January 5, President Barack Obama initiated the Defense Strategy Review, identifying Asia as a priority in future U.S. military strategy. North Korea's nuclear proliferation and China's growing mi…

A Strategy for the U.S.-Japan Alliance header

March 14, 2013

Monetary Policy
Exiting from Monetary Stimulus: A Better Plan for the Fed

The U.S. Federal Reserve's monetary stimulus efforts have an undesirable side effect that needs to be managed with great care: the Fed has amassed a huge stock of mortgage-backed securities (MBS) tha…

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May 21, 2011

Pakistan
Next Steps for Pakistan Strategy

U.S.-Pakistan relations are in crisis. For Washington, Osama bin Laden's safe haven in Abbottabad raises questions about Pakistan's complicity and/or incompetence. For Islamabad, bin Laden's killing …

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May 12, 2014

United States
Curtailing the Subsidy War Within the United States

Read Edward Alden's accompanying blog post. Each year, U.S. state and local governments spend tens of billions of dollars to lure or retain business investment. The subsidies waste scarce taxpayer…

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July 29, 2013

Arms Industries and Trade
A Strategy to Reduce Gun Trafficking and Violence in the Americas

The flow of high-powered weaponry from the United States to Latin America and the Caribbean exacerbates soaring rates of gun-related violence in the region and undermines U.S. influence in the Wester…

A Strategy to Reduce Gun Trafficking and Violence in the Americas header

April 16, 2013

Drones
Transferring CIA Drone Strikes to the Pentagon

The main obstacle to acknowledging the scope, legality, and oversight of U.S. targeted killings beyond traditional or "hot" battlefields is the division of lead executive authority between the Joint …

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February 24, 2014

Europe and Eurasia
Restoring Financial Stability in the Eurozone: Lessons From the U.S. Financial Crisis

The European Stability Mechanism's (ESM) bank recapitalization instrument was designed to break the vicious circle tying financially weak eurozone governments to financially weak banks. It cannot, ho…

Restoring Financial Stability in the Eurozone header