A delivery courier places food near a barricade at an entrance to a residential compound, amid lockdown measures to curb the coronavirus disease (COVID-19) outbreak in Sanya, Hainan province, China August 8, 2022.
Image Source: 
China Daily via Reuters Marketplace
Featured

China's zero-COVID policies are crippling its economic outlook

Tianlei Huang (PIIE)

Beijing’s clumsily executed zero-COVID policies have already taken a heavy toll on Chinese growth prospects. With a new lockdown in a resort city and no exit strategy in place, a policy reversal is unlikely and the economic paralysis appears set to continue.

The Peterson Institute for International Economics building is open on a limited basis. Employees and visitors must be fully vaccinated, with a booster shot, and verify vaccination records before entering the building by registering with CrowdPass, a HIPAA-compliant web application service.

Photo Credit: 
China Daily via Reuters Marketplace

Featured

RealTime Economic Issues Watch

Russia's war on Ukraine: A sanctions timeline

Chad P. Bown (PIIE)

August 15, 2022
Trade and Investment Policy Watch

Trump’s Trade War Timeline: An Up-to-Date Guide

Chad P. Bown (PIIE) and Melina Kolb (PIIE)

June 21, 2022

Microsite

How to Fix Economic Inequality?

Peterson Institute
November 17, 2020
Get PIIE Updates

PIIE Recommends

Electric cars sit charging in a parking lot at UC Irvine where a $79 million project was launched, funded in part by federal stimulus money and Edison.
REUTERS/Lucy Nicholson
Working Paper

A reform strategy to transform energy: From piecemeal to systemwide change

Steven Fries (PIIE)
August 2022
Rare earth is unloaded from a ship onto a quay at the Port of Lianyungang, east Chinas Jiangsu province, China.
Reuters Connect/Wang chun
Working Paper

Green energy depends on critical minerals. Who controls the supply chains?

Luc Leruth (Tbilisi University), Adnan Mazarei (PIIE), Pierre Régibeau (European Commission) and Luc Renneboog (Tilburg University)
August 2022
The U.S. Federal Reserve Building is pictured in Washington, DC.
REUTERS/Jason Reed/File Photo
Op-Eds

One Good Inflation Report Isn’t Enough

Jason Furman (PIIE)
August 11, 2022
via Wall Street Journal
A worker stocks juices in a refrigerator while consumers contend with inflation.
Sipa Pictures/Richard B. Levine
RealTime Economic Issues Watch

No sign of inflation relief in July US jobs report

Karen Dynan (PIIE) and Wilson Powell III (Harvard Kennedy School)
August 5, 2022
A restaurant worker carries food delivery orders inside a shopping mall where most shops are closed, amid the coronavirus disease (COVID-19) outbreak in Beijing, China, May 9, 2022.
REUTERS/Thomas Suen
RealTime Economic Issues Watch

Private firms bear the brunt of China’s weak growth

Tianlei Huang (PIIE) and Nicholas R. Lardy (PIIE)
August 2, 2022
A "Now hiring" sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, U.S., May 9, 2022.
REUTERS/Mike Blake
Op-Eds

America’s Wage-Price Persistence Must Be Stopped

Jason Furman (PIIE)
August 2, 2022
via Project Syndicate

From Our Experts

Adam S. Posen

Adam S. Posen

President
Brexit Britain in a changing global economy
Business and trade are in our national interest
Brexit is driving inflation higher in the UK than its European peers after identical supply shocks
Arvind Subramanian

Arvind Subramanian

Nonresident Senior Fellow
India’s Kings and Queens of Chess
Does the new fiscal consensus in advanced economies travel to emerging markets?
What trade policy strategy for India?
Douglas Irwin

Douglas A. Irwin

Nonresident Senior Fellow
Globalization has helped raise incomes almost everywhere since the 1980s
Globalization enabled nearly all countries to grow richer in recent decades
The Trade Reform Wave of 1985-1995

PIIE Blogs

Russia's war on Ukraine: A sanctions timeline
RealTime Economic Issues Watch

Russia's war on Ukraine: A sanctions timeline

Chad P. Bown (PIIE)
August 15, 2022
Trade and Investment Policy Watch

Trump’s Trade War Timeline: An Up-to-Date Guide

Chad P. Bown (PIIE) and Melina Kolb (PIIE)

June 21, 2022
China Economic Watch

Is the sky really falling for private firms in China?

Tianlei Huang (PIIE) and Nicholas R. Lardy (PIIE)

October 14, 2021

Events

Macro Week 2022
Past Event

Macro Week 2022

Wally Adeyemo (US Department of the Treasury), Andrew Bailey (Bank of England), Nadia Calviño (Government of Spain; International Monetary and Financial Committee), Charles Evans (Federal Reserve Bank of Chicago), Paolo Gentiloni (European Commission), Thomas Jordan (Swiss National Bank), Christine Lagarde (European Central Bank), Adam S. Posen (PIIE) and Lawrence Wong (Minister for Finance, Singapore)

April 22, 2022
At this critical juncture for the global economy and monetary policy, the Peterson Institute for International Economics convened central bankers and finance officials from around the world for our annual Macro Week—a series of speeches and onstage discussions moderated by PIIE president Adam S...
Upcoming Streaming Event

Slouching Towards Utopia: An Economic History of the Twentieth Century

J. Bradford DeLong (University of California, Berkeley)

September 7, 2022
Upcoming Streaming Event

Esther L. George on the US economic outlook

Esther L. George (Federal Reserve Bank of Kansas City) and Karen Dynan (PIIE)

September 9, 2022
Upcoming Streaming Event

Jared Bernstein on the state of the US economy

Jared Bernstein (White House Council of Economic Advisers)

September 14, 2022

PIIE Charts

Which countries are in the CPTPP and RCEP trade agreements and which want in?

Which countries are in the CPTPP and RCEP trade agreements and which want in?

Jeffrey J. Schott (PIIE)

August 16, 2022

Multimedia

Trade Talks Episode 0: Introduction to the Weekly Podcast
Trade Talks

Episode 164: Why a notorious banana company spared workers in Costa Rica

Featuring Chad P. Bown (PIIE)
July 27, 2022
What is inflation and how can policymakers control it? (Featured)
Short Videos

What is inflation and how can policymakers control it?

Featuring Peterson Institute for International Economics
March 30, 2022
Joseph E. Gagnon
Short Videos

Pandemic inflation and the Phillips curve

Featuring Joseph E. Gagnon (PIIE)
January 20, 2022
Jason Furman
Short Videos

Why did (almost) nobody see inflation coming and what’s next?

Featuring Jason Furman (PIIE)
January 7, 2022
Adam S. Posen
Short Videos

How globalization proceeds when the US retreats

Featuring Adam S. Posen (PIIE)
January 7, 2022
Mary E. Lovely
Short Videos

Conscious uncoupling? The future of US-China relations

Featuring Mary E. Lovely (PIIE)
May 7, 2021
Adam S. Posen
Short Videos

The case against nostalgia in economic policymaking

Featuring Adam S. Posen (PIIE)
April 29, 2021

Highlighted PIIE Topics

ChinaEuropean UnionUkraineUnited KingdomUS-China Trade WarTrade DeficitTrade PolicyTaxesCoronavirusEconomic OutlookGlobalizationInequalityInflationLabor


Bookstore

The United States vs. China: The Quest for Global Economic Leadership

C. Fred Bergsten (PIIE)

April 2022
Facing Up to Low Productivity Growth

Facing Up to Low Productivity Growth

Edited by Adam S. Posen (PIIE) and Jeromin Zettelmeyer (PIIE)

February 2019