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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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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
Featured
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…
A Muslim Travel Ban and the U.S. Economy
Comments today from Mike Pence have put the spotlight back on Donald J. Trump’s call to restrict Muslim travel to the United States. In the attached note, Heidi Crebo-Rediker, Ted Alden and I look at…
Turkey’s Shaky Economy: a Local or Global Concern?
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…
Brexit, Emerging Markets, and Venezuela in the News
Three things to think about today.
If you haven’t already done so, subscribe now to my colleague Brad Setser’s blog, which provides excellent commentary on global macro issues. His most recent …
Brexit’s Threat to Global Growth
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…
Britain’s Bold Leap into the Unknown
Britain’s vote to leave the European Union was fueled by a broad range of social and political concerns, including a fear of immigration, resurgent nationalism, and a populist rejection of UK and Eur…
