35 Results for:

July 11, 2017

Fossil Fuels
Using External Breakeven Prices to Track Vulnerabilities in Oil-Exporting Countries

The best single measure of the resilience of an oil- or gas-exporting economy in the face of swings in the global oil price is its external breakeven price: the oil price that covers its import bill…

External breakevens petroleum oil

May 24, 2017

Technology and Innovation
Harnessing International Cooperation to Advance Energy Innovation

On March 29 and 30, the Council on Foreign Relations convened a workshop in New York to explore how international cooperation can accelerate energy innovation. The workshop, hosted by Douglas Dillon …

A power-generating wind turbine is reflected in solar panels near Mainz, Germany, on March 10, 2010.

April 27, 2017

Global
Global Economics Monthly May 2017

Bottom Line: British Prime Minister Theresa May’s decision to seek early elections comes as the economic costs of Brexit are becoming more apparent. While the removal of electoral uncertainty may be …

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.”

January 1, 2017

Global
Global Economics Monthly January 2017

Bottom Line:  Markets showed impressive resilience in the face of a range of geopolitical shocks in 2016, but recent market moves suggest this year could be different. A greater range of possible, if…

December 2, 2016

Financial Markets
Global Economics Monthly: December 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that financial markets rallied following the U.S. election, on hopes that President-Elect Donald J. Trump’s fiscal stimulus and deregulation initiatives would spur corporate profits and growth. Perhaps so, but a strong case could be made for the opposite: that Trump’s economic agenda will prove disruptive to trade and growth, face growing headwinds in Congress, and exert a contractionary impact on the U.S. economy.

September 12, 2016

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

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that at the Group of Twenty (G20) Summit in Hangzhou, China, leaders called for governments to do more to support growth, but offered little in the way of new measures. Quietly, and away from the G20 spotlight, fiscal policy is becoming more expansionary, but current policies are unlikely to provide a meaningful boost to growth or soothe rising populist pressures.

June 13, 2016

Fossil Fuels
Oil Price Volatility: Causes, Effects, and Policy Implications

CFR convened a workshop to explore what drives oil price volatility, what effects it has on the economy and geopolitics, and what policy options to reduce price volatility.

Oil Price Volatility: Causes, Effects, and Policy Implications cover

March 9, 2016

Food and Water Security
Anticipating and Avoiding Global Food Price Crises

Overview Global food prices have spiked several times in recent years, most notably in 2007–2008 and again in 2010–2011. A sharp increase in food prices, especially in staple grains such as corn, …

Anticipating and Avoiding Global Food Price Crises header

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.