73 Results for:

May 4, 2016

Venezuela
Global Economics Monthly: May 2016

Bottom Line: The crisis in Venezuela continues to escalate, with no recovery or relief in sight. A messy and chaotic default looms, and the rescue will likely involve a tough adjustment program, larg…

April 13, 2016

G20 (Group of Twenty)
Global Economics Monthly: April 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the case for strong and effective Group of Twenty (G20) leadership is as compelling as ever. But if the G20 is to be as effective in noncrisis times as it was in 2008–2009, it needs stronger Chinese leadership, working informally yet closely with the United States—a Group of Two (G2) within the G20. Debt policy is one area where China and the United States should cooperate this year.

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.

February 3, 2016

Asia
Global Economics Monthly: February 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the idea of capital control is less radical than it seems; although comprehensive liberalization is theoretically the ideal option, capital controls may be China’s best chance to end the panic roiling global markets.

February 1, 2016

Labor and Employment
No Helping Hand: Federal Worker-Retraining Policy

A decade ago the United States had the lowest share of long-term unemployed workers among developed nations. But today U.S. long-term unemployment levels are nearly as high as those in Europe, despite stronger overall U.S. economic performance. This Progress Report and Scorecard demonstrates that U.S. federal employment and training programs that assist job seekers do little to help the long-term unemployed prepare for different careers.

Renewing_America_Worker_Retraining_Scorecard_lrg.jpg

January 11, 2016

Financial Markets
Global Economics Monthly: January 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that 2016 looks set to be a volatile year in which geopolitics and hard-to-quantify policy dilemmas create significant uncertainty in markets. Policymakers will be asked to make tough decisions about where and when to intervene in markets at a time when their capacity to deal with crisis is increasing challenged, suggesting the road ahead could continue to be bumpy.

December 9, 2015

Cybersecurity
Cleaning Up U.S. Cyberspace

The U.S. government's effort to persuade other countries to adopt norms of responsibility for cyberspace faces a significant obstacle: computers located in the United States host much of the maliciou…

Cleaning Up U.S. Cyberspace header

December 7, 2015

European Union
Global Economics Monthly: December 2015

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the European Union (EU) faces rising populist pressure, reflecting long-term challenges to economic policymaking that can only partly be addressed by a cyclical recovery and debt relief. By strengthening the credibility of economic policy and the region’s resilience to shocks, better policy coordination and a faster path to economic union would go far toward securing a better economic future for Europe and addressing some underlying causes of populism.

November 3, 2015

China
Global Economics Monthly: November 2015

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the concerns driven by China's economic problems are modest compared to the 1997 Asian financial crisis or the Great Recession. However, there are reasons for concern: large financial imbalances, weak global growth, inadequate official resources, and political pressures. While a severe global financial crisis remains a tail risk, policymakers need to be prepared to respond.

October 9, 2015

China
Global Economics Monthly: October 2015

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that China's growth prospect lies somewhere between hard-landing and muddle-through scenarios. However, uncertainty remains and is already being felt strongly and likely to put increasing pressure on emerging markets through trade contraction and financial contagion. For the United States, fragility in emerging markets is the critical risk and will dominate economic decision-making for months if not years to come.