Greenberg Center for Geoeconomic Studies
Writing in the Journal of International Economic Law, Senior Fellow Thomas Bollyky and Columbia Law School Professor Petros C. Mavroidis argue that changes are necessary in the corporate governance of the World Trade Organization to reflect existing declines in tariffs and other border restraints, and the emerging challenges of advancing freer trade and better regulation cooperation in a world economy dominated by global value chains.
In their last post on the Energy, Security, and Climate blog, Sarang Shidore and Joshua Busby of the University of Texas at Austin identified four barriers obstructing solar’s rise in India: too-aggressive bids in auctions for solar power projects, poor financial health of Discoms (power distribution companies, mostly owned by state governments), inadequate grid capacity, and relative neglect of the rooftop segment. One year later, they look back at the progress has India made on each of these four barriers, and assess what the prospects for solar growth are going forward.
The Federal Reserve maintains an estimate of how low the U.S. unemployment rate can go before interest rates will rise. However, as Senior Fellow Benn Steil and Analyst Emma Smith note, each time unemployment has threatened to break through that estimate, the Federal Reserve has lowered its estimate rather than raise interest rates. They explain why at PBS NewsHour.
During the transition and into the early weeks of his presidency, President Donald Trump and his advisers issued a variety of threats, from hefty across-the-board tariffs on Mexican imports to targeted border taxes aimed at American companies that build factories in Mexico and sell back into the United States. As Senior Fellow Edward Alden writes, however, these tools may have politically intolerable consequences, decreasing the odds of there being substantial changes to the agreement.
Amidst the turmoil of the opening weeks of Donald J. Trump's presidency, it is easy to forget that there is a budget process moving slowly forward in Congress that will be far more consequential for achieving his policy goals than any executive order. However, voters who expected Trump to prioritize revitalized manufacturing may be disappointed, writes Associate Director for Climate & Resources Lindsay Iversen, as his opening proposals threaten to stymie progress toward critical jobs of the 21st century: developing, manufacturing, and installing renewable energy.
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During his campaign, Donald Trump persuaded voters that he would look after “America First.” It would be hard to find an institution...
With its population and living standards rising quickly, India is a wild-card country that could prevent the world from limiting global...
As Theresa May calls for surprise elections in the UK, Sebastian Mallaby reminds his reader to keep an eye on France, where upcoming...
Trump's executive order on the environment keeps U.S. participation in the climate agreement. But will he abide?
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that Greece and its creditors are again locked in a...
Brad Setser provides an analysis of revenue projections for the proposed border adjustment tax.
Sebastian Mallaby argues that the Fed has gotten too predictable.
Global value chains have changed the way that the world trades. The World Trade Organization (WTO) should embrace the confluence of...
As part of the Center for Preventive Action's Flashpoint Roundtable Meeting Series, Joshua Busby, associate professor of public affairs...
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Senior Fellow for International Economics Robert Kahn analyzes major developments in macroeconomic policy and financial markets.
This interactive explores the dramatic rise in central bank currency swaps since the 2007 financial crisis.
The many lessons of The Man Who Knew
In the most recent edition of
International Finance, edited by CFR’s Benn Steil, top former Treasury and New York Fed official Peter Fisher reviews The Man Who Knew, Sebastian Mallaby’s biography of Alan Greenspan.