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February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

May 8, 2024

Energy and Environment
The Push to Conserve 30 Percent of the Planet: What’s at Stake?

See how six countries are faring amid efforts to protect 30 percent of the planet’s land and waters by 2030, and what will be saved if they succeed. 

A monastery sits in between tree-covered mountains.

October 4, 2022

Monetary Policy
As Global Recession Looms, a Perilous Moment for Central Banks

Many central banks are navigating turbulent waters as they battle inflation, a strengthening dollar, and an energy crunch. Should they coordinate policy?

People walk past a sign outside a currency exchange office in London.

May 8, 2024

RealEcon
In Economic Security, Trade-offs Abound

Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.

(L-R) European Council President Charles Michel, Italy's Primer Minister Giorgia Meloni, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, Japan's Prime Minister Fumio Kishida, US President Joe Biden, German Chancellor Olaf Scholz, Britain's Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen pose for the family photo during a visit to the Itsukushima Shrine in Miyajima Island as part of the G7 Leaders' Summit, on May 19, 2023.

May 2, 2024

Turkey
Erdogan’s Crisis of Legitimacy and Its Consequences

Despite the destabilizing effects of his economic and foreign policies, as well as a major election loss, President Erdogan shows no sign of interest in course correction.

Supporters of Turkish President Recep Tayyip Erdogan listen to his speech during a rally ahead of local elections in Istanbul, Turkey, in March 2024.

April 1, 2024

Brazil
Brazil Should Use G20 Momentum to Join the OECD

Brazil has an opportunity to become a powerful bridge between developed economies and the Global South—the United States should support that ambition. 

U.S. President Joe Biden, Indian Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva hold hands as they attend the launch of the Global Biofuels Alliance at the G20 summit in New Delhi, India, September 9, 2023.

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

April 17, 2024

RealEcon
Onshoring Semiconductor Production: National Security Versus Economic Efficiency

Policymakers are increasingly concerned by the U.S.’s dependence on Taiwanese semiconductors. Is onshoring their production to the U.S.—a goal of the CHIPS and Science Act—a practical path forward? 

A wafer can be seen as taiwanese chip giant TSMC holds a ceremony to start mass production of its most advanced 3-nanometer chips in the southern city of Tainan, Taiwan December 29, 2022.