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Essential Reading Items

Book: Long-Term International Economic Position of the United States
edited by C. Fred Bergsten
April 2009

Article: The Dollar and the Deficits: How Washington Can Prevent the Next Crisis
by C. Fred Bergsten, Peterson Institute for International Economics
Article in Foreign Affairs, Volume 88 No. 6, November/December 2009
November 2009

Speech: Rescuing and Rebuilding the US Economy: A Progress Report
by Lawrence H. Summers, Director of the National Economic Council and Assistant to the President for Economic Policy
Prepared remarks at an event held at the Peterson Institute for International Economics
July 17, 2009

Book: US Pension Reform: Lessons from Other Countries
by Martin Neil Baily and Jacob Funk Kirkegaard
February 2009

Policy Brief 09-3: A Green Recovery? Assessing US Economic Stimulus and the Prospects for International Coordination
by Trevor Houser, Peterson Institute for International Economics
and Shashank Mohan, Rhodium Group
and Robert Heilmayr, World Resources Institute
February 10, 2009

Op-ed: An Economic Strategy for Mr. Obama
by Peter Boone, Effective Intervention
and Simon Johnson, Peterson Institute for International Economics
and James Kwak, Yale Law School
Post on the Wall Street Journal's Real Time Economics
November 11, 2008

Testimony: The Dollar and the US Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Committee on Financial Services, US House of Representatives
July 24, 2008

Testimony: Why Deficits Matter: The International Dimension
by C. Fred Bergsten, Peterson Institute for International Economics
and Edwin M. Truman, Peterson Institute for International Economics
Testimony before the Budget Committee of the House of Representatives
January 23, 2007

Book: Accountability and Oversight of US Exchange Rate Policy
by C. Randall Henning
June 2008

Op-ed: When the Dollar Bill Comes Due
by Catherine L. Mann, Peterson Institute for International Economics
and Katharina Plück, Peterson Institute for International Economics
Op-ed
April 27, 2005

Op-ed: Bubbles Are Getting Blown Out of All Proportion
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
September 8, 2004

Working Paper 05-6: Postponing Global Adjustment: An Analysis of the Pending Adjustment of Global Imbalances
by Edwin M. Truman, Peterson Institute for International Economics
July 2005

Article: Breaking Up Is Hard To Do: Global Co-dependency, Collective Action, and the Challenges of Global Adjustment
by Catherine L. Mann, Peterson Institute for International Economics
Article published in the CESifo Forum
January 2005

Speech: The United States and the Global Adjustment Process
by Lawrence H. Summers, Harvard University
Speech at the Third Annual Stavros S. Niarchos Lecture
Institute for International Economics
Washington, DC
March 23, 2004

Op-ed: America Cannot Afford Tax Cuts
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed published in the Financial Times
January 11, 2001

Op-ed: America Badly Needs a Value Added Tax
by Paul L. E. Grieco, Peterson Institute for International Economics
and Gary Clyde Hufbauer, Peterson Institute for International Economics
Op-ed in the Financial Times
April 21, 2005

Book: Is the U.S. Trade Deficit Sustainable?
by Catherine L. Mann
September 1999

Book: United States as a Debtor Nation
by William R. Cline
September 2005

Policy Briefs

09-21: The Future of the Dollar [pdf]
by Richard N. Cooper, Harvard University
September 2009

09-10: 2009 Estimates of Fundamental Equilibrium Exchange Rates [pdf]
by William R. Cline, Peterson Institute for International Economics
and John Williamson, Peterson Institute for International Economics
June 2009

09-3: A Green Recovery? Assessing US Economic Stimulus and the Prospects for International Coordination [pdf]
by Trevor Houser, Peterson Institute for International Economics
and Shashank Mohan, Rhodium Group
and Robert Heilmayr, World Resources Institute
February 10, 2009

04-3: Senator Kerry on Corporate Tax Reform: Right Diagnosis, Wrong Prescription [pdf]
by Gary Clyde Hufbauer, Peterson Institute for International Economics
and Paul L. E. Grieco, Peterson Institute for International Economics
April 2004

03-8: More Pain, More Gain: Politics and Economics of Eliminating Tariffs [pdf]
by Gary Clyde Hufbauer, Peterson Institute for International Economics
and Ben Goodrich, Peterson Institute for International Economics
June 2003

98-3: Exchange Rates for the Dollar, Yen, and Euro [pdf]
by Simon Wren-Lewis, University of Exeter
July 1998

Working Papers

09-13: Mortgage Loan Modifications: Program Incentives and Restructuring Design [pdf]
by Dan Magder, Lone Star Funds
November 2009

07-8: Congress, Treasury, and the Accountability of Exchange Rate Policy: How the 1988 Trade Act Should Be Reformed [pdf]
by C. Randall Henning, Peterson Institute for International Economics
September 2007

05-6: Postponing Global Adjustment: An Analysis of the Pending Adjustment of Global Imbalances [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
July 2005

01-8: Finance and Changing US-Japan Relations: Convergence Without Leverage--Until Now [pdf]
by Adam S. Posen, Peterson Institute for International Economics
August 2001

00-6: Inflation, Monetary Transparency, and G3 Exchange Rate Volatility [pdf]
by Kenneth N. Kuttner, Peterson Institute for International Economics
and Adam S. Posen, Peterson Institute for International Economics
July 2000

Speeches, Testimony, Papers

The Dollar and the Deficits: How Washington Can Prevent the Next Crisis
by C. Fred Bergsten, Peterson Institute for International Economics
Article in Foreign Affairs, Volume 88 No. 6, November/December 2009
November 2009

The Impact of the Recovery Act on Economic Growth
by Simon Johnson, Peterson Institute for International Economics
Testimony before the Joint Economic Committee hearing on "The Impact of the Recovery Act on Economic Growth"
October 29, 2009

The Case for an Orderly Resolution Regime for Systemically-Important Financial Institutions [pdf]
by H. Rodgin Cohen, Sullivan & Cromwell LLP
and Morris Goldstein, Peterson Institute for International Economics
Pew Charitable Trusts Briefing Paper 13 reposted with permission
October 2009

Challenges to the Federal Reserve's Independence [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
July 31, 2009

Rescuing and Rebuilding the US Economy: A Progress Report
by Lawrence H. Summers, Director of the National Economic Council and Assistant to the President for Economic Policy
Prepared remarks at an event held at the Peterson Institute for International Economics
July 17, 2009

A Step Forward on Financial Regulation [pdf]
by Morris Goldstein, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
July 7, 2009

Is the United States De-emphasizing its Bank Clean-Up Plan? [pdf]
by Michael Mussa, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
June 8, 2009

Lingering Perils of Bank Insolvency [pdf]
by Simon Johnson, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
May 19, 2009

The Science of Insolvency
by Simon Johnson, Peterson Institute for International Economics
Testimony before the US House of Representatives, Committee on Science and Technology, Subcommittee on Investigations and Oversight hearing, "The Science of Insolvency"
May 19, 2009

Bank Stress Tests: How Big a Step Forward? [pdf]
by William R. Cline, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
May 8, 2009

Too Big to Fail or Too Big to Save? Examining the Systemic Threats of Large Financial Institutions
by Simon Johnson, Peterson Institute for International Economics
Testimony before the Joint Economic Committee of the US Congress hearing, "Too Big to Fail or Too Big to Save? Examining the Systemic Threats of Large Financial Institutions"
April 21, 2009

Goldman Sachs's Challenge to Treasury [pdf]
by Simon Johnson, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
April 15, 2009

A Short-Lived Recovery? [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
April 10, 2009

Economics of the Geithner Plan [pdf]
by William R. Cline, Peterson Institute for International Economics
and Thomas Emmons, Peterson Institute for International Economics
April 1, 2009

Seven Broad Lessons for the United States from Japan’s Lost Decade [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Remarks presented at Japan's Lost Decade: Lessons For The United States, The Brookings Institution
March 26, 2009

US Foreign Economic Policy in the Global Crisis
by Simon Johnson, Peterson Institute for International Economics
Testimony before the Subcommittee on Terrorism, Nonproliferation and Trade, Committee on Foreign Affairs, US House of Representatives
March 12, 2009

The Global Economic Crisis as a National Security Issue [pdf]
by I. M. Destler, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
February 13, 2009

The Global Economy: Outlook, Risks, and the Implications for Policy
by Simon Johnson, Peterson Institute for International Economics
Testimony before the Senate Budget Committee
January 29, 2009

Social Security, the Financial Crisis, and Lessons from Abroad [pdf]
by Jacob Funk Kirkegaard, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
January 27, 2009

The Deepening Banking Crisis [pdf]
by Simon Johnson, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
January 26, 2009

Incremental Steps Toward a Radical Solution [pdf]
by Simon Johnson, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
December 16, 2008

The Economic Outlook and Options for Stimulus
by Simon Johnson, Peterson Institute for International Economics
Testimony before the Senate Budget Committee
November 19, 2008

The Dollar and the US Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Committee on Financial Services, US House of Representatives
July 24, 2008

Global Imbalances and Currency Misalignments
by C. Fred Bergsten, Peterson Institute for International Economics
Outline of remarks at the World Economic Forum, Davos, Switzerland
January 2008

Sovereign Wealth Fund Acquisitions and Other Foreign Government Investments in the United States: Assessing the Economic and National Security Implications
by Edwin M. Truman, Peterson Institute for International Economics
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate
November 14, 2007

Currency Misalignments and the US Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Subcommittees on Trade, Ways and Means Committee; Commerce, Trade and Consumer Protection, Energy, and Commerce Committee; and Domestic and International Monetary Policy, Trade and Technology, Financial Services Committee of the House of Representatives
May 9, 2007

The Role of US and EU Financial Markets in the Global Economy
by Edwin M. Truman, Peterson Institute for International Economics
Remarks at the conference "The Euro and the Dollar: Pillars in Global Finance"
Federal Reserve Bank of New York
April 17, 2007

Assessing Progress on China’s Exchange Rate Policies
by Morris Goldstein, Peterson Institute for International Economics
Testimony before the Hearing on
"Risks and Reform: The Role of Currency in the US–China Relationship"
Committee on Finance, US Senate
Washington, DC
March 28, 2007

The Current Account Deficit and the US Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Budget Committee of the United States Senate
February 1, 2007

The Chinese Exchange Rate and the US Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Hearing on the Treasury Department's Report to Congress on International Economic and Exchange Rate Policy and the Strategic Economic Dialogue Committee on Banking, Housing and Urban Affairs
January 31, 2007

Why Deficits Matter: The International Dimension
by C. Fred Bergsten, Peterson Institute for International Economics
and Edwin M. Truman, Peterson Institute for International Economics
Testimony before the Budget Committee of the House of Representatives
January 23, 2007

Paulson's First Challenge [pdf]
by Morris Goldstein, Peterson Institute for International Economics
Article in The International Economy
August 2006

Running the World's Central Bank [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
Article in Global Agenda
March 2006

The End of Large Current Account Deficits, 1970-2002: Are There Lessons for the United States? [pdf]
by Catherine L. Mann, Peterson Institute for International Economics
Paper in the symposium volume The Greenspan Era: Lessons for the Future, a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming
August 2005

German Experience with Fiscal Rules: Lessons for the US Budget Process [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Testimony before the House Subcommittee on Legislative and Budget Process Committee on Rules
July 27, 2005

The Euro and the World Economy [pdf]
by C. Fred Bergsten, Peterson Institute for International Economics
Speech at a conference on "The Eurosystem, the Union and Beyond: The Single Currency and Implications for Governance"
European Central Bank
Frankfurt am Main, Germany
April 27, 2005

Reflections [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
Article on the Federal Open Market Committee (FOMC)
Federal Reserve Bank of St. Louis Review
March-April 2005

US Trade Policy in 2005
by Robert Rubin, Citigroup
Luncheon Address at the conference "US Trade Policy in 2005"
Institute for International Economics
February 15, 2005

Breaking Up Is Hard To Do: Global Co-dependency, Collective Action, and the Challenges of Global Adjustment [pdf]
by Catherine L. Mann, Peterson Institute for International Economics
Article published in the CESifo Forum
January 2005

The Risks Ahead for the World Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Article by invitation for The Economist
September 9, 2004

Running on Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It [pdf]
by Peter G. Peterson, The Blackstone Group
Presentation of the book and discussion at the Institute for International Economics
August 9, 2004

The US Current Account Deficit and the Euro Area
by Edwin M. Truman, Peterson Institute for International Economics
Speech prepared for "The ECB and Its Watchers VI" Conference
Frankfurt, Germany
July 2, 2004

Managing Exchange Rates: Achievement of Global Re-balancing or Evidence of Global Co-dependency [pdf]
by Catherine L. Mann, Peterson Institute for International Economics
Article in Business Economics
July 2004

The IMF and Exchange Rates
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Committee on Banking, Housing, and Urban Affairs
United States Senate
Washington, DC
May 19, 2004

The United States and the Global Adjustment Process
by Lawrence H. Summers, Harvard University
Speech at the Third Annual Stavros S. Niarchos Lecture
Institute for International Economics
Washington, DC
March 23, 2004

The Correction of the Dollar and Foreign Intervention in the Currency Markets
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Committee on Small Business
United States House of Representatives
Washington, DC
June 25, 2003

North American Monetary and Financial Integration: Notes on the US Perspective
by Edwin M. Truman, Peterson Institute for International Economics
Paper presented at a meeting of the
Study Group on North American Monetary and Financial Integration
Montreal, Canada
December 13, 2002

What Washington Means by Policy Reform
by John Williamson, Peterson Institute for International Economics
Chapter 2 from Latin American Adjustment: How Much Has Happened?
Edited by John Williamson. Published April 1990.
November 2002

Can the United States Afford the Tax Cuts of 2001? [pdf]
by C. Fred Bergsten, Peterson Institute for International Economics
Presented to a roundtable at the annual meeting of the American Economic Association
Atlanta, Georgia
January 5, 2002

Domestic Monetary Policy, Technology, and Economic Growth
by Martin Neil Baily, Peterson Institute for International Economics
Testimony before the Committee on Financial Services
United States House of Representatives
Washington, DC
March 29, 2001

A Critical Assessment and an Appeal for Fundamental Tax Reform
by Gary Clyde Hufbauer, Peterson Institute for International Economics
Paper for the World Trade Organization Panel Report (dated October 8, 1999)
Report of the Appellate Body (dated February 24, 2000)
United States Tax Treatment for "Foreign Sales Corporations"
March 11, 2000

On the Causes of the US Current Account Deficit
by Catherine L. Mann, Peterson Institute for International Economics
Briefing for the Trade Deficit Review Commission
August 19, 1999

Op-eds

Can Limits on Executive Pay Solve the Too Big To Fail Problem?
by Simon Johnson, Peterson Institute for International Economics
Originally posted on TNR.com
October 23, 2009

America Cannot Resolve Global Imbalances on Its Own
by C. Fred Bergsten, Peterson Institute for International Economics
and Arvind Subramanian, Peterson Institute for International Economics
Op-ed in the Financial Times
August 19, 2009

Fiscal Prudence, Now and Here
by Arvind Subramanian, Peterson Institute for International Economics
Op-ed in the Business Standard, New Delhi
June 24, 2009

Lax Governance and Poor Supervision [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the International Economy
April 2009

Temporary Nationalization Is Needed to Save the US Banking System
by Adam S. Posen, Peterson Institute for International Economics
Commentary on Google News on the news story "Nationalization Fears Dominate BofA, Citi," (foxbusiness.com)
February 23, 2009

Put the Puritans in Charge of the Punchbowl
by Arvind Subramanian, Peterson Institute for International Economics
and John Williamson, Peterson Institute for International Economics
Op-ed in the Financial Times
February 11, 2009

Rules for a Bank Bailout
by Anders Aslund, Peterson Institute for International Economics
Op-ed in the Washington Post
February 6, 2009

To Save the Banks We Must Stand Up to the Bankers
by Peter Boone, Effective Intervention
and Simon Johnson, Peterson Institute for International Economics
Op-ed in the Financial Times
January 27, 2009

An Economic Strategy for Mr. Obama
by Peter Boone, Effective Intervention
and Simon Johnson, Peterson Institute for International Economics
and James Kwak, Yale Law School
Post on the Wall Street Journal's Real Time Economics
November 11, 2008

Volcker-Reagan Rerun [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the column "The Monetary Realist" in the International Economy
August 22, 2008

Monetary Stimulus Will Work
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in Welt am Sonntag
February 6, 2008

How to Cushion the Cost of the Right Decision
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
January 29, 2008

The Four Horsemen of Subprime Stupidity [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the International Economy
January 2008

A Drag, But Not a Crisis
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in Welt am Sonntag
September 27, 2007

Structure Makes the Central Banker
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in Welt am Sonntag
August 26, 2007

Landing the Reverse Greenspan
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in The International Economy
"The Monetary Realist" Column
July 15, 2007

What's In A Name?
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in The International Economy
April 21, 2007

What's a Treasury Secretary to Do? An Agenda for Henry Paulson, Here and Abroad
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in The Washington Post
June 26, 2006

How the United States Benefited from Fiscal Activism
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in Die Zeit
September 8, 2005

The Fed Must Be Open About Applying the Brakes
by Edwin M. Truman, Peterson Institute for International Economics
Op-ed in the Financial Times
May 2, 2005

When the Dollar Bill Comes Due
by Catherine L. Mann, Peterson Institute for International Economics
and Katharina Plück, Peterson Institute for International Economics
Op-ed
April 27, 2005

America Badly Needs a Value Added Tax
by Paul L. E. Grieco, Peterson Institute for International Economics
and Gary Clyde Hufbauer, Peterson Institute for International Economics
Op-ed in the Financial Times
April 21, 2005

The Economics of a Second Term
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
November 9, 2004

Bubbles Are Getting Blown Out of All Proportion
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
September 8, 2004

America Cannot Afford Tax Cuts
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed published in the Financial Times
January 11, 2001

Books

Long-Term International Economic Position of the United States
edited by C. Fred Bergsten
April 2009

US Pension Reform: Lessons from Other Countries
by Martin Neil Baily and Jacob Funk Kirkegaard
February 2009

Accountability and Oversight of US Exchange Rate Policy
by C. Randall Henning
June 2008

Reforming the US Corporate Tax
by Gary Clyde Hufbauer and Paul L. E. Grieco
September 2005

United States as a Debtor Nation
by William R. Cline
September 2005

Is the U.S. Trade Deficit Sustainable?
by Catherine L. Mann
September 1999

America in the World Economy: A Strategy for the 1990s
by C. Fred Bergsten
November 1988 (Out-of-Print)