PIIE's 50+ scholars research a wide range of topics and regions. Our publications reflect the Institute’s commitment to timely, prescient, and topical research in a variety of formats. PIIE books, Policy Briefs, PIIE Briefings, Working Papers, and other scholarly writings all meet our high standards of intellectual rigor and transparency. All PIIE publications communicate the analysis, views, and scholarship of their authors and are not intended to reflect an official view of the Institute or the views of members of the Institute's Board of Directors.

Policy Briefs

November 2021
Reforms proposed in the European Union’s “Fit for 55” climate policy package are likely to sharply increase the cost paid by European firms for their greenhouse gas (GHG) emissions. Recognizing that increased carbon prices would put European firms at a disadvantage in competing with imports from...

Gary Clyde Hufbauer (PIIE), Jisun Kim (POSCO Research Institute) and Jeffrey J. Schott (PIIE)

Working Papers

September 2021
This paper revises and extends PIIE Working Paper 20-6 . It continues to find strong support for a Phillips curve that becomes nonlinear when inflation is "low"—which our baseline model defines as less than 3 percent. The nonlinear curve is steep when output is above potential (slack is negative)...

Kristin Forbes (MIT), Joseph E. Gagnon (PIIE) and Christopher G. Collins (Morgan Stanley)

PIIE Briefings

November 2021
Industrial policy is making a comeback in the United States. It is more urgent than ever to understand how and whether industrial policy has worked to strengthen the US economy. This study analyzes and scores 18 US industrial policy episodes implemented between 1970 and 2020, in an effort to assess...

Gary Clyde Hufbauer (PIIE) and Euijin Jung (Formerly PIIE)