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A website forum in which senior fellows of the Peterson Institute for International Economics discuss and debate their responses to global economic and financial developments as they occur each day and offer insights that others might overlook.
A common American assumption has been that the US economy would recover earlier and faster than that of the European Union. Therefore, the preliminary results for the second quarter of 2009, which showed that Germany and France grew by 0.3 percent over the first quarter of 2009, delivered a surprise. Well, this should not have [...]
Ben Bernanke will be nominated for a second term as chairman of the Federal Reserve. But which Bernanke are we getting? There are at least three.
The Bernanke who led the charge to rescue the US (and world’s) financial system after the Lehman-AIG collapse. [...]
We tend to think of globalization in the following way: the rich world exports financial capital, technology, sophisticated goods, and entrepreneurial and managerial skills in the form of foreign direct investment (FDI) to developing countries; the latter, in turn, export people, resources, and low-skilled goods to the rich [...]
As oil prices have begun to rise in 2009, the question is whether the world is in for another oil price spike similar to the one in early 2008 that could choke off the nascent recovery of the world economy. To judge whether such an outcome is in the cards, one has [...]
The North American Leaders’ Summit (NALS) in Guadalajara earlier this week (August 9–10, 2009) dealt with both political and economic challenges facing the three members of the North American Free Trade Agreement (NAFTA)—United States, Canada, and Mexico. The headlines focused on what to do about Honduras, how to prepare for the next wave of the [...]