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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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Have Sanctions Become the Swiss Army Knife of U.S. Foreign Policy?
The Congress takes an important, positive step to reinforce Russian sanctions, but are we at risk of overusing the sanctions tool? Read More
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Turkey’s failed coup looks set to deliver a substantial blow to Turkey’s already wobbly economy. It could also renew concerns, post Brexit, about global emerging markets more broadly.
Late Friday, f…
Thursday’s Brexit vote wasn’t a “Lehman moment”, as some have feared. Instead, it was a growth moment. And that may be the greater threat. If policymakers respond effectively, the benefits could be s…
Five things we learned from this weekend’s G20 meeting of finance ministers and central bankers.
A desire for better. The communiqué candidly acknowledges growing threa…
The Venezuelan government has a $2.3 billion debt payment due this Friday. Most believe the government has the resources to make the payment, though it is hard to see a coherent economic reason to do…
Earlier today, the International Monetary Fund (IMF) Board approved the inclusion of the Chinese renminbi (RMB) as a fifth currency in the special drawing rights (SDR), the IMF’s currency, as of Octo…
Dutch Elections and the European Economy
European markets celebrated the strong electoral showing by Prime Minister Mark Rutte’s party (VVD), which looks to ensure another term for him leading a center-right coalition in the Netherlands. Th…
The President’s Economic Agenda: the Fight Begins
President Trump’s address to a joint session of Congress last night highlighted the central economic themes that animated his campaign: a tougher policy on immigration and trade, a focus on infrastru…
The Long-Term Economic Costs of the President’s Executive Order on Immigration
For all the human disruption and confusion associated with President Trump’s executive order on immigration released on Friday, it is also worth noting the potential for substantial negative macroeco…
After the Italian referendum: a treacherous period for banks and growth
The post-referendum market response to Italy’s referendum mirrored the reaction following the Brexit and U.S. election votes: calm after a knee-jerk negative reaction. After all, not much has change…
The President’s (Economic) Inbox
The election of Donald Trump creates extraordinary uncertainty about the future course of U.S. economic policy. Markets don’t like extreme unknowns, and there are valid reasons to fear that Trump’s p…
