PIIE's scholars draw on their research to provide commentary and analysis in a broad array of formats outside the Institute. Op-eds, testimony, speeches, and scholarly papers for other organizations all aim for the highest standards of objectivity, rigor and transparency required by the Institute for its own publications. Their writings are not intended to reflect an official view of the Institute or the views of members of the Institute's Board of Directors, and authors must adhere to strict standards of disclosure of any potential conflicts of interest.


September 7, 2017
The early resignation of Stanley Fischer, the Federal Reserve board vice-chairman, is a reminder that the coming turnover in the Fed's leadership is unprecedented in speed and scale. For all the attacks on the Fed since 2008 nothing has really changed in terms of its governance or accountability...

Jason Furman (PIIE) and Bob Kocher (Venrock)

August 20, 2017


July 11, 2017
Precautionary recapitalization, a tool for public intervention in the banking sector defined in the Bank Recovery and Resolution Directive (BRRD), is consistent with the rest of BRRD and a legitimate instrument for bank crisis management. The conditions set for it by BRRD are restrictive and have...