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RealTime Economic Issues Watch Hollande Doubles Down to Impress Europe
Jacob Funk Kirkegaard — August 27, 2014
With his third government reshuffle since taking office in 2012, President François Hollande of France has ditched the most prominent left-wing members of his cabinet and acknowledged that a "team of rivals" does not work for a weak president like himself. Facing record low approval rating ...

audio Peterson Perspectives Interview Game Change for France?
Nicolas Veron — August 26, 2014
Nicolas Véron assesses the latest cabinet shakeup by President François Hollande, who appears more determined to carry out structural reforms to accelerate economic growth.

North Korea: Witness to Transformation NK Witness Summer Vacation
Kevin Stahler — August 25, 2014
This week, NK Witness will be taking a short Summer break. We will return with more news and analysis on Tuesday, September 2nd. ...

China Economic Watch China's Embrace of Markets Is Responsible for its Growth
Nicholas R. Lardy — August 25, 2014
China's long-term economic growth since reform began is largely the result of the emergence of a dynamic private sector. The de facto privatization of agriculture early in the reform period, via contracting to households and allowing the reemergence of rural markets, led to ...

Working Paper 14-5 The Federal Reserve Engages the World (1970-2000): An Insider's Narrative of the Transition to Managed Floating and Financial Turbulence [pdf]
Edwin M. Truman — August 22, 2014
Edwin M. Truman traces the evolution of the Federal Reserve and its engagement with the global economy over the last three decades of the 20th century.

China Economic Watch Does China have an SME Lending Problem?
Nicholas Borst — August 22, 2014
Economies across the globe struggle with providing small and medium enterprises (SMEs) access to loans. Banks are often accused of favoring large customers at the expense of everyone else. China appears to be no exception as Premier Li Keqiang ...

RealTime Economic Issues Watch Europe's Sluggish Economy and Gender Disputes Are Disrupting EU Politics
Jacob Funk Kirkegaard — August 22, 2014
European leaders are holding a special summit on August 30 to fill two remaining top EU jobs, and another long night in Brussels could be in the offing. Failure to agree (again) on a successor to Herman van Rompuy, president of the European Council, and Catherine Ashton, the high representative o ...

China Economic Watch China Chart of the Week
Kent Troutman — August 21, 2014
It has been exactly a century since the small country of Belgium was the subject of a furious international debate. Now, for those who watch international capital flows closely, one recent dev ...

Op-ed Prime Minister Renzi's Italian Dilemma
Angel Ubide — August 21, 2014
Italy can continue its decadent and gradual aging, consuming its savings, lingering in the dolce far niente state waiting for a stroke of fortune to come to the rescue. Or it can wake up, take the bull by the horns, and progress.

RealTime Economic Issues Watch Is the West to Blame for Russia's Aggression in Ukraine? Of Course Not!
Anders Aslund — August 20, 2014
John J. Mearsheimer is supposed to be one of the foremost American international relations theorists. But his article, "Why the Ukraine Crisis Is the West's Fault," in the latest issue of Foreign Affairs, shows his contempt for democracy, national sovereignty, and international law. ...

Policy Brief 14-21 Is China's Property Market Heading toward Collapse? [pdf]
Li-Gang Liu — August 20, 2014
China's continuing urbanization, available policy options, and the stage of its property market development all suggest that China's property market is experiencing simply another cyclical adjustment.

Op-ed Keep Rates Low until the Hidden Jobless Return to Work
Adam S. Posen — August 19, 2014
This year's annual conference of central bankers in Jackson Hole is focused on the right question: how to determine the extent of labor market slack in the United States and other advanced economies.

News Release Justin Wolfers to Join the Peterson Institute for International Economics
August 19, 2014
WASHINGTON—The Peterson Institute for International Economics is pleased to welcome Justin Wolfers as a senior fellow beginning September 1, 2014. Wolfers is a renowned economist known for creatively applying economic principles to issues wh ...

Policy Brief 14-20 Debt Sanctions Can Help Ukraine and Fill a Gap in the International Financial System [pdf]
Anna Gelpern — August 15, 2014
A single measure can free up $3 billion for debt-ridden Ukraine and send a powerful message to Russia: The United Kingdom can refuse to enforce English-law contracts for the money Russia lent former Ukrainian president Yanukovych in December 2013.

Event The Old Normal for the World Economy
Adam S. Posen —August 15, 2014
Adam S. Posen delivered a talk titled "The Old Normal for the World Economy" at the Lee Kuan Yew (LKY) School of Public Policy. Razeen Sally, visiting associate professor at the LKY School, chaired the event.



Bill Shorten

Global Growth: Trade, Equity, and Opportunity

Bill Shorten, member of the Australian parliament, speaks at PIIE on the effects of global growth.

William R. Cline

The Road to Global Prosperity

Michael Mandelbaum, Johns Hopkins University School of Advanced International Studies, discusses his new book at PIIE.

Ambassador Eduardo Medina-Mora

Mexico and the United States: Building on the Benefits of NAFTA

On the 20th anniversary of NAFTA, PIIE, the Embassy of Mexico, and the McKinsey Global Institute cohost a conference to present new research challenging false claims and exaggerations about the agreement's harms.


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