Activists stand outside Pfizer Headquarters demanding that U.S. President Joe Biden support “TRIPS Waiver”
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Sipa USA/Anthony Behar
Featured

Waiving patent and intellectual property protections is not a panacea for global vaccine distribution

Monica de Bolle (PIIE) and Maurice Obstfeld (PIIE)

The Biden administration’s temporary waiver of intellectual property (IP) rights on COVID-19 vaccines was a welcome step but will do little to control the pandemic quickly. Cumbersome bureaucratic procedures will delay rapid suspension of IP protections, and many developing countries lack the technical means to produce sophisticated vaccines, leaving them at the mercy of global supply chains.

The Peterson Institute for International Economics building is closed to staff and visitors until further notice. PIIE personnel are working remotely, with access to telephone messages.

Photo Credit: 
Sipa USA/Anthony Behar

Featured

PIIE Chart

US-China phase one tracker: China’s purchases of US goods

Chad P. Bown (PIIE)

April 27, 2021

Microsite

How to Fix Economic Inequality?

Peterson Institute
November 17, 2020
Press Release

PIIE President Adam S. Posen Awarded Japanese Imperial Decoration

April 29, 2021
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PIIE Recommends

Employees in clean room work in the production of the Allergopharma plant in Reinbek near Hamburg, Germany
Charisius/Pool via REUTERS
RealTime Economic Issues Watch

Creating a broad waiver of WTO IP rights during the pandemic

Alan Wm. Wolff (PIIE)
May 14, 2021
The Chinese national flag is seen in Beijing, China April 29, 2020.
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How China lends: A rare look into 100 debt contracts with foreign governments

Anna Gelpern (PIIE), Sebastian Horn (Kiel Institute for the World Economy), Scott Morris (Center for Global Development), Brad Parks (AidData; Center for Global Development) and Christoph Trebesch (University of Kiel; Kiel Institute for the World Economy)
May 2021
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The US labor market is running hot…or not?

Jason Furman (PIIE) and Wilson Powell III (Harvard Kennedy School)
May 7, 2021
Founders of a local business in the DMV (DC, Maryland, Virginia) work together as gardeners, consultants, and designers in a startup which connects local farmers to their community, Washington, DC. April 11, 2021.
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Startups in the United States during the pandemic reflect some dynamism amid job losses

Simeon Djankov (PIIE) and Eva (Yiwen) Zhang (PIIE)
May 2021
A mural of the United States flag covers the side of a business, in Lansing, Michigan. Photographed on Friday, June 26, 2020. USA TODAY NETWORK via Reuters Connect/Nick King
USA TODAY NETWORK via Reuters Connect/Nick King
Op-Eds

The Price of Nostalgia: America’s Self-Defeating Economic Retreat

Adam S. Posen (PIIE)
April 20, 2021
via Foreign Affairs
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PIIE Briefing

Economic Policy for a Pandemic Age: How the World Must Prepare

Monica de Bolle (PIIE), Maurice Obstfeld (PIIE) and Adam S. Posen (PIIE), editors
April 2021
Rebuilding the Global Economy

Microsite

Rebuilding the Global Economy

Adam S. Posen (PIIE)
October 20, 2020

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The case against nostalgia in economic policymaking
The price of American economic nostalgia
Can global trade cooperation be revived in 2021?
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Markus K. Brunnermeier

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Anna Stansbury

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PIIE Blogs

Cooks prepare a burger in the kitchen of a major hotel in Amsterdam, Netherlands, April 14, 2021
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Bankruptcy restructurings can help more firms survive

Simeon Djankov (PIIE) and Eva (Yiwen) Zhang (PIIE)
May 18, 2021
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Trump’s Trade War Timeline: An Up-to-Date Guide

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

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China Economic Watch

Rising SOE defaults alarm investors but could benefit the Chinese economy

Tianlei Huang (PIIE)

January 29, 2021

Events

Financial Statements - Featured
Past Event

Hong Kong as an international financial center

Nicolas Véron (PIIE), Douglas Arner (University of Hong Kong) and Lorin Gu (PIIE Global Future Council)

May 12, 2021
This session of Financial Statements will be devoted to taking stock of the evolution of Hong Kong as an international financial center and its prospects and role in the short and longer term. Joining this episode were: HOST Nicolas Véron , Senior Fellow, Peterson Institute for International...
Upcoming Streaming Event

Poor countries need trade to recover from the pandemic. How can global cooperation help?

Anabel González (PIIE), Mari Elka Pangestu (World Bank) and Carlos Primo Braga (Fundacao Dom Cabral, Brazil)

May 20, 2021

PIIE Charts

New businesses in the United States surged during the pandemic

New businesses in the United States surged during the pandemic

Simeon Djankov (PIIE) and Eva (Yiwen) Zhang (PIIE)
May 13, 2021

Multimedia

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
US Federal Reserve Building, Washington, DC
PIIE/Jeremey Tripp
Short Videos

NEC Webinar: Inflation Fears and the Biden Stimulus: Look to the Korean War, Not Vietnam

Featuring Joseph E. Gagnon (PIIE)
April 1, 2021
Adam S. Posen
Short Videos

Adam S. Posen on the price of America’s economic retreat

Featuring Adam S. Posen (PIIE)
April 20, 2021
Trade Talks Episode 0: Introduction to the Weekly Podcast
Trade Talks

Episode 152: The murky world of export restrictions for COVID-19 vaccines

Featuring Soumaya Keynes (The Economist) and Chad P. Bown (PIIE)
March 21, 2021
Rebuilding the Global Economy
Past Event

Rebuilding the Global Economy: Role of the White House

Jason Furman (PIIE), Karen Dynan (PIIE), Douglas A. Irwin (PIIE) and Nicholas R. Lardy (PIIE)
October 26, 2020 9:00 AM to 10:00 AM
Trade Winds
Past Event

What trade policy priorities for the Biden administration?

Anabel González (PIIE), Michael Froman (Mastercard; former United States Trade Representative) and Chad P. Bown (PIIE)
November 18, 2020 1:30 PM to 2:30 PM

Highlighted PIIE Topics

ChinaEuropean UnionUnited KingdomUS-China Trade WarTrade DeficitTrade PolicyTaxesCurrency ManipulationCoronavirusEconomic OutlookGlobalizationInequalityLabor


Bookstore

Facing Up to Low Productivity Growth

Facing Up to Low Productivity Growth

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

February 2019
The State Strikes Back: The End of Economic Reform in China?

The State Strikes Back: The End of Economic Reform in China?

Nicholas R. Lardy (PIIE)

January 2019