Peterson Institute for International Economics

A truck carries raw Lithium at Sandawana Mines in Mberengwa, Zimbabwe, November 19, 2025.

Photo Credit: Matrix Images /Stringer

Strengthening Project Vault: The US plan to stockpile critical minerals

The US government launched Project Vault, a $12 billion public-private initiative to stockpile critical minerals, to prevent supply disruptions that could seriously harm the economy and national security. But Vault's structure could use several important modifications.

Event

How to Win a Trade War: Book launch and discussion with Bown and Keynes

Chad P. Bown (PIIE), Soumaya Keynes (Financial Times), Greg Ip (Wall Street Journal) and Inu Manak (Council on Foreign Relations)

May 20, 2026

Chinese national flags flutter near shipping containers at the Yangshan Port outside Shanghai, China. Photo taken on February 7, 2025.

REUTERS/Go Nakamura

Photo Credit: REUTERS/Go Nakamura

Working Papers

China's mercantilist squeeze on developing countries

Shoumitro Chatterjee (Johns Hopkins University) and Arvind Subramanian (PIIE)

May 11, 2026

An AI sign is seen at the World Artificial Intelligence Conference in China. Photo taken on July 6, 2023.

REUTERS/Aly Song

Photo Credit: REUTERS/Aly Song

Policy Briefs

Where is AI in GDP statistics?

Anton Korinek (PIIE) and Patrick McKelvey (Bank of Canada)

May 13, 2026

Euro banknotes are seen in this photo illustration, taken on January 26, 2026.

NurPhoto/Jakub Porzycki

Photo Credit: NurPhoto/Jakub Porzycki

RealTime Economics

Eurobonds: Despite objections, they are more needed than ever

Olivier Blanchard (PIIE) and Ángel Ubide (Citadel)

May 7, 2026

What's New

Strengthening Project Vault: The US plan to stockpile critical minerals

Cullen S. Hendrix (PIIE)

May 2026

Why a scandal in Brazil may be good news for EU-Mercosur

Monica de Bolle (PIIE)

May 21, 2026

• Russian President Vladimir Putin and Chinese President Xi Jinping have tea following their meeting at the Great Hall of the People in Beijing, China May 20, 2026.

The Supplicant and the Sovereign: How Xi is rewriting the terms of the Russia-China partnership

Alicia García-Herrero (Bruegel) and Elina Ribakova (PIIE)

May 21, 2026

via The Wire

A technician works on robotic arms in a manufacturing plant in China. Photo taken on March 12, 2026.

The adoption of AI by industrial sectors

Gary Clyde Hufbauer (PIIE) and Ye Zhang (PIIE)

May 21, 2026

PIIE Charts

Trump's tariff revenue tracker: How much is the US collecting? Which imports are hit?

Gary Clyde Hufbauer (PIIE) and Ye Zhang (PIIE)

May 11, 2026

War, uncertainty slow 2026 growth across advanced and emerging economies

Karen Dynan (PIIE)

April 9, 2026

The Trump administration wants foreign investment pledges to boost several sectors that Biden targeted

Gregory Auclair (PIIE) and Adnan Mazarei (PIIE)

February 11, 2026

Some countries will struggle to fulfill their investment pledges to President Trump

Gregory Auclair (PIIE) and Adnan Mazarei (PIIE)

January 29, 2026

What Now, Europe?

What does it mean to be "European" today?

May 28, 2026, 9:00 AM to 9:45 AM EDT

Nicolas Véron (PIIE) and Juliet Johnson (McGill University)

May

Labor markets and structural transformation in times of change: AI and demographic shifts

November 17, 9:00 AM EST to November 18, 2026, 5:00 PM EST

Nov

US Federal Reserve

The exterior of the Marriner S. Eccles Federal Reserve Board building is seen in Washington, DC. Photo taken on June 14, 2022.

Amid wartime disruptions, most emerging-market central banks will follow the Fed

Alfredo Mendoza-Fernández (University of California, Berkeley), Maurice Obstfeld (PIIE) and Serra Pelin (PIIE)

April 23, 2026

Patrons exit a supermarket in Florida where consumer prices have soared due to inflation.

The COVID era inflation surge: Causes, consequences, and policy lessons

Karen Dynan (PIIE) and David Wilcox (PIIE)

January 2026

US Federal Reserve Chair Jerome Powell at the Federal Reserve in Washington, DC.

Trump’s Attack on the Fed Is Already Backfiring

Jason Furman (PIIE)

January 12, 2026

via New York Times

Tariffs

A cow stands in front of a barn painted with the US flag in Iowa. The "American heartland" as it’s known, for its dominant role in agriculture, leading the US in soybean, corn, and pork production.

Haunted by tariffs and trade wars: A positive trade policy for US agriculture

Warren Maruyama (Hogan Lovells), Joseph W. Glauber (International Food Policy Research Institute), Alan Wm. Wolff (PIIE) and Nicki Ghazarian-Foye (Former Hogan Lovells)

May 2026