Sunday February 12, 2012

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RESEARCH AND COMMENTARY

Save to My PortfolioCongress, the Federal Reserve, and the Federal Open Market Committee

Sarah A. Binder, January 27, 2012, The Monkey Cage

Congress, the Federal Reserve, and the Federal Open Market CommitteeSarah Binder examines the Federal Reserve's dual mandate from Congress to reach full employment while maintaining price stability, specifically focusing on the recently released interest rate projections by the Fed. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioDynamics of Inflation "Herding": Decoding India's Inflationary Process

Gangadhar Darbha and Urjit R. Patel, January 2012, The Brookings Institution

Dynamics of Inflation Gangadhar Darbha and Urjit R. Patel analyze the time series and cross-sectional dynamics of inflation in India and explore the current anti-inflationary policies. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioPublic Finance and the Energy Sector in India

Urjit R. Patel, December 27, 2011, The Financial Express

Urjit Patel discusses how Herbert Stein’s Law relates to India’s energy sector. Patel argues that open-ended unconditional subsidized consumption of energy is the “road to fiscal perdition.” Read More

RESEARCH AND COMMENTARY

Save to My PortfolioInflation, Welfare and the Political Business Cycle in China

Barry J. Naughton, September 26, 2011, China Leadership Monitor

Inflation, Welfare and the Political Business Cycle in ChinaMonths of delay in implementing strong anti-inflation measures have allowed inflationary pressures to build up in China. Barry Naughton analyzes the effect of this failure to fight inflation, both on the general population and on the leadership transition set for next year. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioCombating African Currency Volatility from the West's Debt Crisis

Anne W. Kamau and Zenia Lewis, September 23, 2011, The Brookings Institution

Combating African Currency Volatility from the West's Debt CrisisAfrica's economic recovery is facing additional challenges arising from the global economic stagnation, including the major depreciation of African currencies and inflation. Anne Kamau and Zenia Lewis examine the currency volatility in African economies and argue that African governments must consider broader policies to smooth economic shocks. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioRole Reversal in Global Finance

Eswar Prasad, August 27, 2011, The Brookings Institution

Role Reversal in Global Finance In a paper for the annual Jackson Hole Economic Policy Symposium, Eswar Prasad discusses global financial integration and the evolving roles of emerging and advanced markets in the global financial crisis. Prasad proposes a mechanism for global liquidity insurance that would force a quicker adjustment of global imbalances. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioThe Impact of Inflation on India and Other Developing Nations

Eswar Prasad, July 05, 2011, The Brookings Institution

The Impact of Inflation on India and Other Developing NationsAt a recent event, Eswar Prasad discussed the current economic state in India, stating that India began seeing inflation from the global economic recovery earlier than other countries and arguing that the issues India has seen due to inflation affect many developing nations. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioChina's Rigid Currency Policy Threatens Growth and Stability

Eswar Prasad, June 16, 2011, Wall Street Journal

China's Rigid Currency Policy Threatens Growth and StabilityChina's accelerating inflation rates continue to threaten growth and stability. While policymakers look to contain rising prices, it is clear that China's rigid currency policy is a major factor in increased inflation levels. Eswar Prasad explains why a significant shift in China's currency regime would be in the country’s best economic interest and necessary for future growth. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioIndia's Budget: Deft Political Management (and Some Luck) Needed for Fiscal Consolidation

Urjit R. Patel, March 07, 2011, The Brookings Institution

India's Budget: Deft Political Management (and Some Luck) Needed for Fiscal ConsolidationAs the fiscal deficit of India's central government is budgeted to decline, the country now appears to be making a serious attempt at restoring macroeconomic stability. Amid double-digit consumer inflation over three years, the emphasis in the 2011-2012 budget is to pass effective economic legislation, explains Urjit Patel. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioAre Capital Controls Effective?

Eduardo Levy-Yeyati, January 20, 2011, VoxEU.org

Are Capital Controls Effective?Eduardo Levy-Yeyati discusses the desirability of capital controls by examining evidence from the Argentine and Chilean economies. He argues that the effectiveness and efficiency of capital controls can vary, and concludes that they need to be considered as part of a macro-prudential toolkit to prevent asset inflation and overvaluation. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioOptimal Price Indices for Targeting Inflation Under Incomplete Markets

Rahul Anand and Eswar Prasad, August 2010, The Brookings Institution

Following the global financial crisis, central banks around the world view low and stable inflation as a primary objective of monetary policy. Eswar Prasad and Rahul Anand discuss optimal price indices for targeting inflation in emerging markets. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioA New Approach to Estimating the Natural Rate of Unemployment

William T. Dickens, July 2009, Federal Reserve Bank of Boston

A New Approach to Estimating the Natural Rate of UnemploymentWilliam Dickens discusses a new method for estimating the natural rate of unemployment by simultaneously estimating the Phillips and Beveridge curves. Read More

VIDEO

Save to My PortfolioDoes the U.S. Economy Need More Stimulus?

Alice M. Rivlin, July 10, 2009

Alice Rivlin says the U.S. economy is still struggling even though the climbing unemployment rate is a lagging indicator, but that more spending with a new stimulus package is not the answer.

RESEARCH AND COMMENTARY

Save to My PortfolioThe Brookings Institution’s Arthur Okun – Father of the “Misery Index”

Ron Nessen, December 17, 2008, The Brookings Institution

In these days of worldwide economic turmoil, there’s a lot of talk about the “misery index” – which is calculated by adding together the unemployment rate and the annual inflation rate. Read More

PAST EVENT

Save to My PortfolioMissing Markets: Fostering Market Based Solutions to Major Risks

Thursday, June 05, 2008
9:30 AM to 12:00 PM
Washington, DC

Reuters/Andy KingHurricanes, retirement, home-buying and tax-base erosion all pose financial risks. Yet markets to reduce these risks are elusive. The Hamilton Project at Brookings released papers at a discussion on how sound public policy can play a critical role in helping to foster new markets or expand existing markets in ways that could provide widely shared benefits. Read More

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Center on Children and FamiliesPolicy CenterCenter on Children and Families

The Center on Children and Families studies policies on the well-being of America's children and their parents and seeks a more effective means of addressing poverty, inequality and lack of opportunity in the United States.

Robert KaganExpertRobert Kagan

Robert Kagan is an expert and frequent commentator on Egypt, the Middle East, U.S. national security, and U.S.-European relations. He writes a monthly column on world affairs for the Washington Post and is a contributing editor at the Weekly Standard and the New Republic.

John L. Thornton China CenterPolicy CenterJohn L. Thornton China Center

The John L. Thornton China Center develops analysis and policy recommendations to help address key long-term challenges, both in terms of U.S.-China relations and China's internal development.

Donald KohnExpertDonald Kohn

Donald Kohn is a 40-year veteran of the Federal Reserve System and served as vice chairman of the Board of Governors of the Federal Reserve from 2006 to 2010. He was recently appointed by the government of the United Kingdom and the Bank of England to serve on its interim Financial Policy Committee. Kohn focuses on issues of monetary policy, financial regulation and macroeconomics.

Katherine SierraExpertKatherine Sierra

Katherine Sierra is a senior fellow in the Global Economy and Development program. A former vice president for sustainable development at the World Bank, she focuses on climate change and energy.

William G. GaleExpertWilliam G. Gale

Bill Gale, the Arjay and Frances Miller Chair in Federal Economic Policy in the Economic Studies Program at Brookings, is an expert on tax policy, fiscal issues, pensions, and saving behavior. He is also co-director of the Tax Policy Center and director of the Retirement Security Project.

Africa Growth InitiativeResearch ProjectAfrica Growth Initiative

The Africa Growth Initiative conducts high-quality policy research and analysis focused on attaining sustainable economic development and prosperity in Africa, while amplifying the voice of African researchers in policy-making and planning.

Center for Technology InnovationPolicy CenterCenter for Technology Innovation

The Center for Technology Innovation is at the forefront of shaping public debate on technology innovation and developing data-driven scholarship to enhance understanding of technology’s legal, economic, social, and governance ramifications.

Budgeting for National PrioritiesResearch ProjectBudgeting for National Priorities

The Budgeting for National Priorities project promotes greater fiscal responsibility by developing new ideas, educating the public and finding common ground among experts and policy-makers.

Daniel KaufmannExpertDaniel Kaufmann

Daniel Kaufmann was previously the director at the World Bank Institute, leading the work on governance and anti-corruption. His areas of expertise are public sector and regulatory reform, development, governance and anti-corruption.

Mwangi S. KimenyiExpertMwangi S. Kimenyi

Mwangi S. Kimenyi is senior fellow and director of the Africa Growth Initiative. The founding executive director of the Kenya Institute for Public Policy Research and Analysis (1999-2005), he focuses on Africa's development including institutions for economic growth, political economy, and private sector development.

Darrell M. WestExpertDarrell M. West

Darrell M. West is vice president and director of Governance Studies and founding director of the Center for Technology Innovation at Brookings. His studies include technology policy, electronic government, and mass media.

Brookings Mobile ApplicationsNEW FEATUREBrookings Mobile Applications

Stay up-to-date with our independent, high-quality research, learn about Brookings events and search our directory of experts all from your BlackBerry, iPad, iPhone or Android device.

Shadi HamidExpertShadi Hamid

Shadi Hamid focuses on Islamist political parties and democratic reform in the Middle East. Prior to joining Brookings, he was Director of Research at the Project on Middle East Democracy (POMED) and a Hewlett Fellow at Stanford University’s Center on Democracy, Development, and the Rule of Law.

Energy and ClimateTopicEnergy and Climate

What will it take to mitigate severe climate disruption? What should our priorities be in the relationship between fresh water and climate change? What will it take to help vulnerable countries and regions adapt to change already taking place?

State of Metropolitan AmericaMetropolitan Policy ProgramState of Metropolitan America

Foreshadowing 2010 Census results, this new Brookings report and interactive map defines who Americans are—and who they are becoming—in the face of continued growth, population aging and diversification, uneven educational attainment and income polarization.

Global ChangeTopicGlobal Change

How do we develop more realistic approaches and more effective means of ending intractable old conflicts and preventing new ones? How do we enhance measures to thwart nonstate actors—especially terrorists and illicit traffickers—and prevent the spread of nuclear weapons?

Vanda Felbab-BrownExpertVanda Felbab-Brown

Vanda Felbab-Brown focuses on the national security implications of illicit economies and strategies for managing them. She is the author of Shooting Up: Counterinsurgency and the War on Drugs (Brookings Institution Press, 2009).

Suzanne MaloneyExpertSuzanne Maloney

Suzanne Maloney studies Iran, the political economy of the Persian Gulf and Middle East energy policy. A former U.S. State Department policy advisor, she has also counseled private companies on Middle East issues.

Growth through InnovationTopicGrowth through Innovation

What new practices and mechanisms will help prevent another economic downturn from turning into a financial panic that could become a truly global meltdown? What changes in the public and private sectors will build the workforce and infrastructure required for a global information-based economy?

Alice M. RivlinExpertAlice M. Rivlin

In February 1975, the Congressional Budget Office was established with Alice Rivlin as its first director. Rivlin is an expert on urban issues as well as fiscal, monetary and social policy and directs the Greater Washington Research project at Brookings.

Isabel V. SawhillExpertIsabel V. Sawhill

A nationally known budget expert, Isabel Sawhill focuses on domestic poverty and federal fiscal policy. She is also co-director of the Center on Children and Families and the Budgeting for National Priorities Project at Brookings.

Opportunity and Well-beingTopicOpportunity and Well-being

As they weather the current economic storm, will our governments and societies address the basic needs and aspirations of the least well-off? How can we better use education to raise individual aspirations? How should governments around the world accelerate preparations to provide social services for the billions moving from poverty into the middle class?