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RealTime Economic Issues Watch Is the West to Blame for Russia's Aggression in Ukraine? Of Course Not!
Anders Aslund — August 20, 2014
John J. Mearsheimer is supposed to be one of the foremost American international relations theorists. But his article, "Why the Ukraine Crisis Is the West's Fault," in the latest issue of Foreign Affairs, shows his contempt for democracy, national sovereignty, and international law. ...

Policy Brief 14-21 Is China's Property Market Heading toward Collapse? [pdf]
Li-Gang Liu — August 20, 2014
China's continuing urbanization, available policy options, and the stage of its property market development all suggest that China's property market is experiencing simply another cyclical adjustment.

North Korea: Witness to Transformation Diplomatic Update: Trustpolitik, ASEAN Diplomacy and the Six Party Talks
Stephan Haggard — August 20, 2014
While I was traveling in Northeast China last week, there were a few diplomatic developments that warrant brief comment, starting with President Park’s bid to re-open a channel to the North and the outcome of the ASEAN Regional Forum (ARF) meetings in Burma. In addition, “strategic patience” has bee ...

Op-ed Keep Rates Low until the Hidden Jobless Return to Work
Adam S. Posen — August 19, 2014
This year's annual conference of central bankers in Jackson Hole is focused on the right question: how to determine the extent of labor market slack in the United States and other advanced economies.

News Release Justin Wolfers to Join the Peterson Institute for International Economics
August 19, 2014
WASHINGTON—The Peterson Institute for International Economics is pleased to welcome Justin Wolfers as a senior fellow beginning September 1, 2014. Wolfers is a renowned economist known for creatively applying economic principles to issues wh ...

Policy Brief 14-20 Debt Sanctions Can Help Ukraine and Fill a Gap in the International Financial System [pdf]
Anna Gelpern — August 15, 2014
A single measure can free up $3 billion for debt-ridden Ukraine and send a powerful message to Russia: The United Kingdom can refuse to enforce English-law contracts for the money Russia lent former Ukrainian president Yanukovych in December 2013.

Event The Old Normal for the World Economy
Adam S. Posen —August 15, 2014
Adam S. Posen delivered a talk titled "The Old Normal for the World Economy" at the Lee Kuan Yew (LKY) School of Public Policy. Razeen Sally, visiting associate professor at the LKY School, chaired the event.

China Economic Watch China Chart of the Week
Nicholas Borst — August 13, 2014
New figures from the National Bureau of Statistics revealed that fixed asset investment in China continued to decline, reaching the lowest level since December 2001. In particular, investment in the industrial sector and real estate development have fallen dramatically. China's recent efforts at tar ...

RealTime Economic Issues Watch Taking Stock of the United Kingdom's Funding for Lending Scheme
Kent Troutman — August 8, 2014
During the tense summer of 2012 while the European sovereign crisis was in full bloom, the Bank of England (BOE) announced plans to launch an innovative new program to ameliorate the persistently high and rising costs of financing—especially to the United Kingdom's 5 million small- and medi ...

RealTime Economic Issues Watch What Putin Can Learn from Stalin's Winter War
Anders Aslund — August 7, 2014
As the crisis escalates over Ukraine, it has become increasingly clear that not only the rebel leaders but also most of their 15,000 fighters are Russian citizens. The Ukrainian troops are far more numerous with 40,000 to 60,000 men and demonstrate much better morale. They have recaptured three-q ...

China Economic Watch China Price Reform Update – 1H2014
Ryan Rutkowski — August 6, 2014
Last November the Chinese Communist Party made an unprecedented step forward in market reforms when it made a commitment to allow the market to play a decisive role in resource allocation (使市场在资源配置中起决定性作用) by the end of 2020. In China the market determines all prices with a few ...

Op-ed The Inequality Debate Avoids Asking Who Is Harmed
Adam S. Posen — August 5, 2014
Outrage about inequality is big these days, and for good reason. Despite this justified attention, the discussion has been much too polite and limited.

RealTime Economic Issues Watch Putting the Trade Facilitation Agreement Back on Track after India’s Obstruction
Jeffrey J. Schott and Gary Clyde Hufbauer — August 5, 2014
India has blocked the implementation of the Trade Facilitation Agreement (TFA) approved by all members of the World Trade Organization (WTO) last December, drawing understandable condemnation from around the world. Bluntly put, with its action on July 31, India is holding the TFA hostage in retur ...

RealTime Economic Issues Watch The Missing Women in the Inequality Discussion
Caroline Freund and Sarah Oliver — August 5, 2014
Growing inequality of income and wealth has become a major global concern. In many countries inequality has been driven by weak earnings growth not only among the poor but also among groups across much of the income distribution, while earnings of the top 1 percent continue to rise dramatically. ...

Op-ed How Far Are Western Sanctions against Russia Going?
Anders Aslund — August 5, 2014
Washington favors limited and targeted sanctions that hurt the relevant forces in Russia rather than the population and economy at large. This comes down to three forms of sanctions: armaments, finance, and high technology.



Bill Shorten

Global Growth: Trade, Equity, and Opportunity

Bill Shorten, member of the Australian parliament, speaks at PIIE on the effects of global growth.

William R. Cline

The Road to Global Prosperity

Michael Mandelbaum, Johns Hopkins University School of Advanced International Studies, discusses his new book at PIIE.

Ambassador Eduardo Medina-Mora

Mexico and the United States: Building on the Benefits of NAFTA

On the 20th anniversary of NAFTA, PIIE, the Embassy of Mexico, and the McKinsey Global Institute cohost a conference to present new research challenging false claims and exaggerations about the agreement's harms.


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