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March 15, 2017

Greece
Global Economics Monthly: March 2017

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that Greece and its creditors are again locked in a showdown over reforms, cash, and debt relief. Another cliff-hanger ahead of heavy July debt payments looks likely. Extend-and-pretend is a dead end for Greece and an increasingly populist Europe, and a more ambitious agreement seems ruled out by bailout fatigue in creditor countries. Markets are once again underestimating the risks of “Grexit.”

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.

March 3, 2015

Budget, Debt, and Deficits
Global Economics Monthly: March 2015

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that while new collective action clauses are a step forward in dealing with sovereign debt crises, countries must work to change old debt that lacks the clauses to the new standard as quickly as possible.

March 6, 2014

United States
Global Economics Monthly: March 2014

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn discusses the relationship between labor market data, inflation, and U.S. monetary policy.

September 10, 2019

Climate Change
Impact of Climate Risk on the Energy System

Climate change poses risks to energy security, financial markets, and national security. Energy companies and local, state, and federal governments need to better prepare to face these challenges.

Impact of Climate Risk on the Energy System by Amy Myers Jaffe et al.

July 15, 2019

Technology and Innovation
Securing 5G Networks

5G networks could revolutionize the digital economy, but with this opportunity come major cybersecurity challenges. U.S. policymakers need to respond using technical and regulatory measures, diplomac…

A woman walks past a billboard reading '5G is here' on day one of the Mobile World Congress (MWC) Shanghai 2019 at the Shanghai New International Expo Center on June 26, 2019 in Shanghai, China.

July 2, 2019

Global Governance
Reevaluating Global Trade Governance Structures to Address Climate Change

Climate change is imperiling humanity’s future. To combat it, the world needs to use rules that have been around for decades, create new rules, and find new space for climate change policy.

A sorting machine at a recycling site in Edinburgh, Scotland, on April 17, 2019

July 2, 2019

Global Governance
The Anticipatory Governance of Solar Radiation Management

Emission reductions alone are unlikely to prevent severe climate change effects. Geoengineering proposals are a way forward, but they need legitimate and effective governance.

Sun setting over the ocean in North Devon, United Kingdom, on February 7, 2011.

June 14, 2019

Energy and Environment
Climate Risk Impacts on the Energy System

Insights from a CFR workshop examining the financial, regulatory, security, and technological dimensions of climate risks to the U.S. energy system.

Hurricane Harvey off the coast of Texas as seen from the International Space Station, on August 25, 2017.

April 18, 2018

China
Managing Global Disorder: Prospects for U.S.-China Cooperation

No major transnational problems will be solved without some cooperation between the United States and China. It is imperative that the two countries avoid a further deterioration of the relationship and instead identify areas of potential cooperation.

Donald J Trump meets Xi Jinping