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May 1, 2023

Sweden
Susanna Fellman: The Nordic Model of Capitalism in Historical Perspective: Past Successes and Future Challenges

While social welfare is integral to Nordic capitalism, Scandinavian countries are still market economies that had strong economic growth through the twentieth century and currently enjoy some of the …

European Commission Executive Vice President Valdis Dombrovskis and Swedish Finance Minister Elisabeth Svantesson attend a news conference in Marsta

April 5, 2022

Japan
Glen S. Fukushima: Japanese Capitalism and Its Lessons for the United States

Among G7 countries, Japan and the United States are the polar extremes in the type of capitalisms they represent. Although Japan today faces challenges of its own, its experience offers some lessons …

Japan LDP debate organized by younger and female members

January 1, 1999

Cuba
U.S.-Cuban Relations in the 21st Century

Having contained Cuban support for revolution in Latin America and perceiving signs of strong stirrings of a new civil society in Cuba, the United States should take steps to “contribute to rapid, pe…

June 15, 2023

United States
The History and Future of the Federal Reserve’s 2 Percent Target Rate of Inflation

The Federal Reserve’s 2 percent target rate of inflation is not strictly empirically derived. Should it modify this target moving forward?

Chair of the Board of Governors of the Federal Reserve Jerome H. Powell participates in a panel during the Central Bank Symposium in Stockholm, Sweden.

September 11, 2023

Trade
Decision Making in an Uncertain World

In a conversation with two of his former chiefs of staff, former U.S. Treasury Secretary Robert E. Rubin discusses his decision-making process and how policymakers should think about economic issues …

Play Robert Rubin speaking next to Bill Clinton

May 3, 2022

United States
James K. Galbraith: Can American-led Global Financial Capitalism Survive?

Trust in the U.S.-led economic and geopolitical order has been eroding. The Russian invasion of Ukraine and the U.S. response to it, whatever its merits, may be the last straw for the global monopoly…

G7 summit in Brussels