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Economic Normalization with Cuba: A Roadmap for US PolicymakersThe United States and Cuba are ending decades of hostility and heading toward normalizing their relations. Gary Clyde Hufbauer and Barbara Kotschwar provide recommendations on how to proceed in their recent book Economic Normalization with Cuba: A Roadmap for US Policymakers.

Most recently posted material.

RealTime Economic Issues Watch The Sony Hack Part 2: Public and Private Responses
Marcus Noland and Stephan Haggard — December 22, 2014
In a previous post, we outlined what we think we know about the private sector side of the North Korean cyberattack. In this post we take up the question of what should be done by Sony and the government going forward. First, it is worth n ...

RealTime Economic Issues Watch The Sony Hack Part 1: The Hollywood Dimension
Kevin Stahler and Stephan Haggard — December 22, 2014
Update (1 PM December 21 by Stephan Haggard): Due to its highly fluid nature, we have periodically updated this story with additional developments and details. Besieged by disclosures of--and from--a sustained cyber-attack now ...

Op-ed The United States Needs a Free Trade Deal with China
Maurice R. Greenberg and C. Fred Bergsten — December 19, 2014
A bilateral free trade agreement would increase US national income by more than $100 billion annually and increase China's by more than $300 billion a year.

Paper Centre for Economic Performance Real Wages Update--December 2014 [pdf]
David G. Blanchflower and Stephen Machin — December 19, 2014
Prospects for a boost in the real wages of UK workers remain bleak, despite some commentators still continuing to paint a more optimistic picture.

audio Peterson Perspectives Interview A Dramatic Opening with Cuba
Barbara Kotschwar — December 18, 2014
Barbara Kotschwar, who was in Havana when normalization with Cuba was announced, assesses the impact and the prospects for renewed economic ties.

RealTime Economic Issues Watch President Putin Fails to Address Economic Policy
Anders Aslund — December 18, 2014
A financial meltdown has ravaged Russia in the last two weeks in a fashion reminiscent of 2008 and 1998. The value of the ruble has fallen by more than half since June and import prices are set to double, setting the stage for President Vladimir Putin to address the crisis at his annual big p ...

RealTime Economic Issues Watch Speeding the Winds of Change in Cuba-US Economic Relations
Barbara Kotschwar and Gary Clyde Hufbauer — December 18, 2014
President Obama yesterday ended an embargo policy that had neither dislodged the Castro regime nor brought democracy to Cuba. Instead, over five decades, the US policy of isolating Cuba economically entrenched Cuban determination to continue its hostile relationship with Washington. There is ...

RealTime Economic Issues Watch Beyond Government Debt-to-GDP Ratios
Paolo Mauro and Benedict Clements — December 18, 2014
Public discourse on the state of public finances across the world focuses on government debt-to-GDP ratios. However, projected increases in age-related spending (health care and pensions) can fundamentally alter our views on which countries will need to undertake the most fiscal adjustment dur ...

Policy Brief 14-26 Rapid Growth in Emerging Markets and Developing Economies: Now and Forever? [pdf]
Giang Ho and Paolo Mauro — December 17, 2014
Most forecasts for emerging and developing economies reflect excessive optimism that is both statistically significant and economically relevant, according to a study of forecasts for horizons of up to 20 years in more than 100 countries.

audio Peterson Perspectives Interview Economic Crisis in Russia
Anders Aslund — December 17, 2014
Anders Åslund analyzes Russia's economic woes and says the only way out is to get sanctions lifted by reversing course on Ukraine.

Op-ed There Is Only One Cure for What Plagues Russia
Anders Aslund — December 17, 2014
The only realistic cure to Russia's current financial meltdown is to have Western sanctions lifted; for that, Moscow must evacuate from eastern Ukraine.

China Economic Watch China Rebalancing Update – Q3 2014
Ryan Rutkowski — December 17, 2014
With all the relevant economic data out, we can now update our rebalancing indicators for the third quarter of 2014: 1. Urban Disposable Income Growing Faster than GDP The gap between GDP growth and urban disposable income growth expanded slightly in the third quarter of 2014. ...

PIIE Briefing 14-4 Lessons from Decades Lost: Economic Challenges and Opportunities Facing Japan and the United States [pdf]
December 16, 2014
This PIIE Briefing, released on the heels of Prime Minister Abe's December 2014 election win, assesses current policy regarding the Trans-Pacific Partnership (TPP), fiscal sustainability, and slow growth.

China Economic Watch Monday Readings about the Chinese Economy
Jan Zilinsky — December 15, 2014
With so many articles about China that came out on Friday and over the weekend, we collected a few that you will not want to miss: Economics Yesterday’s Lima agreement was inspired by the Obama-Xi deal ...

Op-ed Reasons to Be Concerned by the Rise of Self-Employment
David G. Blanchflower — December 15, 2014
Self-employment conveys considerable risks, not least when there is a large amount of labor market slack.

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RECENT EVENTS

 

Pierre Moscovici

A Page Turned: Working for Investment and Growth in the New European Union

Pierre Moscovici, the new European Commissioner for Economic and Financial Affairs, Taxation and Customs, speaks at the Institute.

Fabrizio Saccomanni

Restoring Sustainable Growth and Job Creation in Europe

Fabrizio Saccomanni, Italy's former minister of economy and finance, delivers the keynote address at an event to discuss solving the persistent economic stagnation in Europe.

Sir Paul Tucker

Reforming the International Monetary and Financial System: What Role for National Democracies?

Sir Paul Tucker, Harvard Kennedy School, discusses international regulation and democratic legitimacy.

Peter Praet

Monetary Policy Issues in the Euro Area

Peter Praet, ECB, discusses monetary policy issues currently confronting the euro area.

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