Five Surprises of the Great Recession
Policy makers should heed the lessons of the Great Recession and enact the structural and regulatory reforms needed to protect the world against the next crisis. […]
Month: November 2010
California Dreaming
Despite the grim economic outlook for California, America’s Golden State holds lessons for how Europe can survive its own debt crisis and make the continent more resilient to future shocks. […]
Did the G20 Lose its Seoul?
Despite headlines proclaiming otherwise, the G20 summit made substantial progress on several issues, including financial and IMF governance reforms and the rejection of current account and currency targets. […]
Ireland and the European Debt Crisis
The enormous expansion of credit in Ireland and the sheer size of its building boom, which was accompanied by a very large loss of competitiveness, are at the center of the country’s crisis today.
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U.S. Earns Blame for Trade Mess
Achieving sustainable fiscal policies in the United States is likely to prove more important for the promotion of sustained growth, both domestically and globally, than anything that could be done by China or Germany. […]
Currency Wars
Given the real danger of a currency war, countries should refocus on the impediments to sustainably increasing their domestic demand and give the recovery more time to take hold. […]
Europe Needs a California Dream
When rethinking the institutional arrangements that underpin their monetary union, Europeans should take note of the California’s experience during the Great Recession. […]
Can the G20 Grow Faster?
Faster growth in the G20 must come through increased demand in advanced nations—beginning with the United States and Germany—rather than agreements about currency appreciations or current account targets. […]