RESEARCH AND COMMENTARY
Eswar Prasad and Grace Gu, November 11, 2009, The Brookings Institution
While the economic entanglements between the U.S. and China have increased over the last decade, so has the tension. With President Obama visiting China and other Asian nations, Brookings expert Eswar Prasad and Grace Gu of Cornell University discuss the tightening embrace between the two countries—in terms of flows of goods and services, financial capital and people—and the implications. Read More
RESEARCH AND COMMENTARY
Martin Neil Baily, October 19, 2009, Politico
Amid White House efforts to revamp financial sector regulations—including creation of a new oversight agency—Martin Baily argues that the Federal Reserve should not take over this responsibility. The Fed, he says, is in a unique position to take on the macro side of prudential regulation—that of the systemic risk regulator, a responsibility that would well suit its purview of the overall stability and performance of the macro economy. Read More
RESEARCH AND COMMENTARY
Eswar Prasad, October 13, 2009, FT.com Economists' Forum
The financial crisis has taught us a painful lesson that global macroeconomic imbalances can wreak enormous damage on the world economy. At the G-20 Pittsburgh Summit, leaders committed to a framework that would prevent further damage. Eswar Prasad proposes a Special Drawing Rights scheme that allows G-20 countries to make enforceable policy commitments. Read More
RESEARCH AND COMMENTARY
Kemal Derviş, October 04, 2009, IMF-World Bank 2009 Annual Meetings
During a lecture at the IMF-World Bank 2009 Annual Meetings, Kemal Derviş discussed global growth prospects following the economic crisis and the role that supply side factors and macroeconomic management can play. Read More
RESEARCH AND COMMENTARY
September 17, 2009, The Brookings Institution
On September 24, President Obama will chair his first G-20 Summit in Pittsburgh. With the world economy improving, leaders will now focus their attention on economic recovery and restoring financial stability. Experts from Brookings Global Economy and Development program analyze top issues to be addressed at the summit and provide recommendations on how to effectively overcome global economic and governance challenges to ensure recovery now and to prevent future crises. Read More
RESEARCH AND COMMENTARY
Martin Neil Baily, September 08, 2009, National Journal
Martin N. Baily responds to the National Journal’s question regarding a recent New York Times Magazine column from Paul Krugman entitled, “How Did Economists Get it So Wrong?” in which Krugman argues that the recession points to a muddy future for economic theory and a greater legitimacy for behavioral economics.
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PAST EVENT
Wednesday, July 08, 2009
9:00 AM to 11:00 AM
Washington, DC
The federal government responded aggressively to the economic crisis with fiscal, financial and monetary interventions. While boosting the economy has to be the top priority in the short run, it would be dangerous to lose focus on medium- and long-term fiscal issues that represent future threats to the economy and the solvency of the federal government. On July 8, Brookings experts and colleagues examined the delicate balancing act between economic recovery and fiscal sustainability. Read More
RESEARCH AND COMMENTARY
Eswar Prasad, May 28, 2009, The Brookings Institution
U.S. Treasury Secretary Timothy Geithner's first trip to China will feature a range of discussions about global economic issues and the U.S.-China economic relationship. Eswar Prasad outlines some of the critical agenda items and the broader challenges facing these two closely intertwined economies. Read More
RESEARCH AND COMMENTARY
M. Ayhan Kose, Eswar Prasad, Kenneth Rogoff and Shang-Jin Wei, April 21, 2009, The Brookings Institution
In a new working paper, Eswar Prasad and co-authors examine the economic policies that can help developing countries manage the process of financial globalization and recommend a tailored approach to balance the risks and benefits of financial integration. Read More
RESEARCH AND COMMENTARY
Barry P. Bosworth and Aaron Flaaen, April 14, 2009, The Brookings Institution
Barry Bosworth and Aaron Flaaen summarize some research on the origins of the financial crisis and trace the evolution of the credit panic that hit in late 2008, its impact on the real economy, and the extraordinary policy actions that have been taken to mitigate the economic losses. Read More
RESEARCH AND COMMENTARY
March 26, 2009, The Brookings Institution
Leaders of the Group of 20 (G-20) countries met in London on April 2 for their second summit on the global financial crisis. In a new set of articles, Brookings experts addressed the critical issues for policy-makers and offered guidelines for more effective global coordination. Read More
RESEARCH AND COMMENTARY
Eswar Prasad and Isaac Sorkin, March 15, 2009, The Brookings Institution
G-20 leaders pledged in November 2008 to use fiscal measures to stimulate their economies but how are countries doing on that promise and what are the various stimulus plans made of? Through a new G-20 stimulus tracking map and related analysis, Eswar Prasad and Isaac Sorkin assess the various G-20 stimulus efforts, noting the size, composition and frontloading elements of the plans, among other components. Read More
RESEARCH AND COMMENTARY
Eswar Prasad and Isaac Sorkin, March 05, 2009, The Brookings Insttiution
Almost all of the G-20 countries have agreed to some type of fiscal stimulus plan to get their economies back on track but how strong are the plans and what measures are included? Eswar Prasad and Isaac Sorkin analyze the G-20 stimulus plans in detail in new research. Read More
BOOK
Douglas W. Elmendorf, Lawrence H. Summers and N. Gregory Mankiw, March 01, 2009
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Read More
BOOK
David Romer and Justin Wolfers , March 01, 2009
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Read More