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US Economic Policy

Economic Sanctions | Foreign Aid/Technical Assistance | Trade Disputes | Trade Promotion Authority | US Monetary/Fiscal Policy | US Trade Policy

 

US Monetary/Fiscal Policy

Essential Reading Items

Policy Brief 13-21: Lehman Died, Bagehot Lives: Why Did the Fed and Treasury Let a Major Wall Street Bank Fail?
by William R. Cline, Peterson Institute for International Economics
and Joseph E. Gagnon, Peterson Institute for International Economics
September 2013

Op-ed: Misconceptions About Fed's Bond Buying
by Joseph E. Gagnon, Peterson Institute for International Economics
Op-ed in Bloomberg
September 2, 2013

Op-ed: After Bernanke, Make Unconventional Policy the Norm
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
July 15, 2013

Testimony: The Fed at 100: Can Monetary Policy Close the Growth Gap and Promote a Sound Dollar?
by Adam S. Posen, Peterson Institute for International Economics
Testimony before the Joint Economic Committee hearing on "The Fed at 100: Can Monetary Policy Close the Growth Gap and Promote a Sound Dollar?"
April 18, 2013

Op-ed: How the IMF Can Help Cut US Joblessness
by Joseph E. Gagnon, Peterson Institute for International Economics
Op-ed in Bloomberg. Reposted with permission.
February 4, 2013

Policy Brief 12-25: Currency Manipulation, the US Economy, and the Global Economic Order
by C. Fred Bergsten, Peterson Institute for International Economics
and Joseph E. Gagnon, Peterson Institute for International Economics
December 2012

Policy Brief 12-15: Restoring Fiscal Equilibrium in the United States
by William R. Cline, Peterson Institute for International Economics
June 2012

Book: The Global Outlook for Government Debt over the Next 25 Years: Implications for the Economy and Public Policy
by Joseph E. Gagnon assisted by Marc Hinterschweiger
June 2011

Book: The 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

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: 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

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


Policy Briefs

14-10: Wages and Labor Market Slack: Making the Dual Mandate Operational (DRAFT) [pdf]
by David G. Blanchflower, Peterson Institute for International Economics
and Adam S. Posen, Peterson Institute for International Economics
April 2014

14-9: IMF Reform Is Waiting on the United States [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
March 2014

14-4: Monetary Policy with Abundant Liquidity: A New Operating Framework for the Federal Reserve [pdf]
by Joseph E. Gagnon, Peterson Institute for International Economics
and Brian Sack, D. E. Shaw Group
January 2014

13-30: Five Challenges for Janet Yellen at the Federal Reserve [pdf]
by David J. Stockton, Peterson Institute for International Economics
December 2013

13-25: Governing the Federal Reserve System after the Dodd-Frank Act [pdf]
by Peter Conti-Brown, Stanford Law School's Rock Center for Corporate Governance
and Simon Johnson, Peterson Institute for International Economics
October 2013

13-21: Lehman Died, Bagehot Lives: Why Did the Fed and Treasury Let a Major Wall Street Bank Fail? [pdf]
by William R. Cline, Peterson Institute for International Economics
and Joseph E. Gagnon, Peterson Institute for International Economics
September 2013

12-25: Currency Manipulation, the US Economy, and the Global Economic Order [pdf]
by C. Fred Bergsten, Peterson Institute for International Economics
and Joseph E. Gagnon, Peterson Institute for International Economics
December 2012

12-15: Restoring Fiscal Equilibrium in the United States [pdf]
by William R. Cline, Peterson Institute for International Economics
June 2012

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

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


Working Papers

14-6: Wages and Labor Market Slack: Making the Dual Mandate Operational [pdf]
by David G. Blanchflower, Peterson Institute for International Economics
and Adam S. Posen, Peterson Institute for International Economics
September 2014
Revised November 13, 2014

14-5: The Federal Reserve Engages the World (1970-2000): An Insider's Narrative of the Transition to Managed Floating and Financial Turbulence [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
August 2014

12-10: The Dollar and Its Discontents [pdf]
by Olivier Jeanne, Peterson Institute for International Economics
May 2012

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


Testimony

Legislation to Reform the Federal Reserve on Its 100-Year Anniversary [pdf]
by Simon Johnson, Peterson Institute for International Economics
Prepared remarks submitted to the House Financial Services Committee, Hearing on "Legislation to Reform the Federal Reserve on Its 100-Year Anniversary"
July 10, 2014

The Impact of the Volcker Rule on Job Creators [pdf]
by Simon Johnson, Peterson Institute for International Economics
Testimony submitted to the House Financial Services Committee hearing on "The Impact of the Volcker Rule on Job Creators, Part I"
January 15, 2014

International Impacts of the Federal Reserve's Quantitative Easing Program [pdf]
by Arvind Subramanian, Peterson Institute for International Economics
Prepared testimony submitted to the House Committee on Financial Services Subcommittee on Monetary Policy and Trade
January 9, 2014

Examining the GAO Study on Government Support for Bank Holding Companies [pdf]
by Simon Johnson, Peterson Institute for International Economics
Testimony submitted to the Subcommittee on Financial Institutions and Consumer Protection, Senate Committee on Banking, Housing, and Urban Affairs hearing on "Examining the GAO Study on Government Support for Bank Holding Companies"
January 8, 2014

What Have We Learned from 100 Years of Federal Reserve History? [pdf]
by Joseph E. Gagnon, Peterson Institute for International Economics
Testimony before the House Subcommittee on Monetary Policy and Trade
September 11, 2013

The Fiscal and Economic Effects of Austerity [pdf]
by Simon Johnson, Peterson Institute for International Economics
Testimony before the Senate Budget Committee hearing on "The Fiscal and Economic Effects of Austerity"
June 4, 2013

The Fed at 100: Can Monetary Policy Close the Growth Gap and Promote a Sound Dollar? [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Testimony before the Joint Economic Committee hearing on "The Fed at 100: Can Monetary Policy Close the Growth Gap and Promote a Sound Dollar?"
April 18, 2013

Flirting with Disaster: Solving the Federal Debt Crisis [pdf]
by Simon Johnson, Peterson Institute for International Economics
Testimony submitted to Joint Economic Committee of Congress, hearing on "Flirting with Disaster: Solving the Federal Debt Crisis."
March 14, 2013

America Needs More Expansionary Monetary Policy [pdf]
by Joseph E. Gagnon, Peterson Institute for International Economics
Statement before the US House of Representatives Committee on Financial Services' Subcommittee on Monetary Policy and Trade hearing entitled, "Near-Zero Rate, Near-Zero Effect? Is 'Unconventional' Monetary Policy Really Working?"
March 5, 2013

The Statutory Debt Limit [pdf]
by Simon Johnson, Peterson Institute for International Economics
Testimony submitted to the House Ways and Means Committee, hearing on statutory debt limit
January 22, 2013

How the Taxation of Labor and Transfer Payments Affect Growth and Employment [pdf]
by Simon Johnson, Peterson Institute for International Economics
Testimony presented before the Joint Economic Committee hearing on “How the Taxation of Labor and Transfer Payments Affect Growth and Employment”
May 16, 2012

Examining the Impact of the Volcker Rule
by Simon Johnson, Peterson Institute for International Economics
Testimony submitted to the House Financial Services Committee, the Joint Capital Markets and Government Sponsored Enterprises, and the Financial Institutions and Consumer Credit Subcommittee Hearing on "Examining the Impact of the Volcker Rule on Markets, Businesses, Investors, and Job Creation."
January 18, 2012

A New Regime for Regulating Large, Complex Financial Institutions [pdf]
by Simon Johnson, Peterson Institute for International Economics
Testimony submitted to the Subcommittee on Financial Institutions and Consumer Protection, Senate Committee on Banking, Housing, and Urban Affairs hearing on "A New Regime for Regulating Large, Complex Financial Institutions."
December 7, 2011

Tax Reform and Consumption-based Tax Systems
by Simon Johnson, Peterson Institute for International Economics
Congressional testimony submitted to the US House Ways and Means Committee hearing on "Tax Reform and Consumption-based Tax Systems"
July 26, 2011

Legislative Proposals Regarding Bank Examination Practices
by Simon Johnson, Peterson Institute for International Economics
Testimony submitted to the House Committee on Financial Services, Subcommittee on Financial Institutions and Consumer Credit, hearing on "Legislative Proposals Regarding Bank Examination Practices"
July 8, 2011

Spend Less, Owe Less, Grow the Economy [pdf]
by Simon Johnson, Peterson Institute for International Economics
Testimony submitted to the Joint Economic Committee of Congress, hearing on "Spend Less, Owe Less, Grow the Economy"
June 21, 2011

Lifting the Crushing Burden of Debt
by Carmen M. Reinhart, Peterson Institute for International Economics
Testimony before the hearing "Lifting the Crushing Burden of Debt" of the US House of Representatives Committee on the Budget
March 10, 2011

Status Report on the US Economy
by Simon Johnson, Peterson Institute for International Economics
Testimony before the Senate Budget Committee hearing "A Status Report on the US Economy"
August 3, 2010

The Role of the International Monetary Fund and Federal Reserve in the Stabilization of Europe
by Edwin M. Truman, Peterson Institute for International Economics
Testimony before the US House Committee on Financial Services Subcommittee on International Monetary Policy and Subcommittee on Domestic Monetary Policy and Technology
May 20, 2010

China's Lending Activities and the US Debt
by Simon Johnson, Peterson Institute for International Economics
Testimony submitted to the US-China Economic and Security Review Commission hearing on US Debt to China: Implications and Repercussions, Panel I: China's Lending Activities and the US Debt
February 25, 2010

Crisis and Aftermath: The Economic Outlook and Risks for the US Federal Budget and Debt
by Simon Johnson, Peterson Institute for International Economics
Testimony submitted to the Senate Budget Committee hearing on "Crisis and Aftermath: The Economic Outlook and Risks for the Federal Budget and Debt"
February 9, 2010

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 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

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

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 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

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

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

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

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 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 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

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


Op-eds

Let the Bank of England Take Note: The Risks of Raising Interest Rates Too Soon Are Greater than Inflation Overshooting
by David G. Blanchflower, Peterson Institute for International Economics
Op-ed in the Independent
September 28, 2014

A Strategy to Bolster the Export-Import Bank
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Washington Post
September 12, 2014

De Gregorio: Yellen vs. the BIS: Whose Thesis Makes Better Sense?
by José De Gregorio, Peterson Institute for International Economics
Comment in the International Economy, Summer Issue [pdf]
September 2014

Gagnon: Yellen vs. the BIS: Whose Thesis Makes Better Sense?
by Joseph E. Gagnon, Peterson Institute for International Economics
Comment in the International Economy, Summer Issue [pdf]
September 2014

Keep Rates Low until the Hidden Jobless Return to Work
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
August 19, 2014

Clearing Houses Could Be the Next Source of Chaos
by Simon Johnson, Peterson Institute for International Economics
Op-ed in the Financial Times
June 17, 2014

The First Step on a Long Path Toward Normalization
by David J. Stockton, Peterson Institute for International Economics
Op-ed in Intereconomics Review of European Economic Policy, Vol. 49, no. 1. Reposted with permission.
February 2014

Emerging Markets' Victimhood Narrative
by Dani Rodrik, Institute for Advanced Study
and Arvind Subramanian, Peterson Institute for International Economics
Op-ed in Bloomberg
January 31, 2014

Ben Bernanke's Global Legacy
by Arvind Subramanian, Peterson Institute for International Economics
Op-ed at Project Syndicate
January 14, 2014

The Fed Jumps the Gun Again
by Joseph E. Gagnon, Peterson Institute for International Economics
Op-ed in USA Today. Reposted with permission.
December 18, 2013

Our Chance to Slash the High Costs of Currency Manipulation
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Financial Times
December 16, 2013

Agent of Its Own Decline
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in Prospect Magazine
November 14, 2013

Unconventional Monetary Policy: Don't Shoot the Messenger
by Joseph E. Gagnon, Peterson Institute for International Economics
Op-ed in the Economist. Reposted with permission.
November 14, 2013

Misconceptions About Fed's Bond Buying
by Joseph E. Gagnon, Peterson Institute for International Economics
Op-ed in Bloomberg
September 2, 2013

The Swedish Model for Economic Recovery
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Washington Post
August 30, 2013

The New Fed Chair Should Not Be One of the Usual Suspects
by Edwin M. Truman, Peterson Institute for International Economics
Op-ed in the Financial Times
August 21, 2013

The Cult of Home Ownership Is Dangerous and Damaging
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
July 26, 2013

After Bernanke, Make Unconventional Policy the Norm
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
July 15, 2013

Five Myths about Taxes
by Steven R. Weisman, Peterson Institute for International Economics
Op-ed in the Washington Post
April 14, 2013

How the IMF Can Help Cut US Joblessness
by Joseph E. Gagnon, Peterson Institute for International Economics
Op-ed in Bloomberg. Reposted with permission.
February 4, 2013

Obama's Historic Budget Opportunity
by Robert B. Zoellick, Peterson Institute for International Economics
Op-ed in the Wall Street Journal
December 9, 2012

Time for a Fightback in the Currency Wars
by C. Fred Bergsten, Peterson Institute for International Economics
and Joseph E. Gagnon, Peterson Institute for International Economics
Op-ed in the Financial Times
September 4, 2012

No Excuse for Inaction
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in Reuters
August 31, 2011

Deal or No Deal, a US Downgrade Is Deserved
by Carmen M. Reinhart, Peterson Institute for International Economics
and Vincent R. Reinhart, American Enterprise Institute
Op-ed in the Financial Times
August 1, 2011

Arrogance and Authority
by Simon Johnson, Peterson Institute for International Economics
Op-ed in Project Syndicate
April 26, 2011

The Future of Banking: Is More Regulation Needed?
by Peter Boone, London School of Economics
and Simon Johnson, Peterson Institute for International Economics
Op-ed for the Financial Times
April 10, 2011

The Road to Fiscal Crisis
by Simon Johnson, Peterson Institute for International Economics
Op-ed in Project Syndicate
March 23, 2011

Why the World Needs Three Global Currencies
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Financial Times
February 15, 2011

Did the Poor Cause the Crisis?
by Simon Johnson, Peterson Institute for International Economics
Op-ed in the Project Syndicate
January 19, 2011

Getting the Job Done: Lessons from Moynihan
by Steven R. Weisman, Peterson Institute for International Economics
Op-ed in the Fiscal Times
December 28, 2010

Voodoo Economics Revisited
by Simon Johnson, Peterson Institute for International Economics
Op-ed in Project Syndicate
December 15, 2010

China's Currency and the US Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in VoxEU
November 1, 2010

America Cannot Win the Currency Wars Alone
by Arvind Subramanian, Peterson Institute for International Economics
Op-ed in the Financial Times
October 20, 2010

Who Caused the Currency Wars?
by Simon Johnson, Peterson Institute for International Economics
Op-ed in the Project Syndicate
October 13, 2010

America Should Open Its Vaults and Sell Gold
by Edwin M. Truman, Peterson Institute for International Economics
Op-ed in the Financial Times
October 12, 2010

We Can Fight Fire with Fire on the Renminbi
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Financial Times
October 4, 2010

Four Steps to US Fiscal Health
by Simon Johnson, Peterson Institute for International Economics
and James Kwak, Yale Law School
Op-ed in Project Syndicate
August 17, 2010

What Actions Should the Fed Be Taking?
by Joseph E. Gagnon, Peterson Institute for International Economics
Op-ed in the Economist
August 17, 2010

A Roosevelt Moment for America’s Megabanks?
by Simon Johnson, Peterson Institute for International Economics
Op-ed in Project Syndicate
July 14, 2010

To Battle Wall Street, Obama Should Channel Teddy Roosevelt
by Simon Johnson, Peterson Institute for International Economics
and James Kwak, Yale Law School
Op-ed in the Washington Post
April 4, 2010

Too Much Stimulus or Not Enough?
by Steven R. Weisman, Peterson Institute for International Economics
Op-ed in the Fiscal Times
February 16, 2010

Healthcare Reform Is the Second US Stimulus Package
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in Eurointelligence
January 22, 2010

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


Speeches and Papers

Currency Wars and the International Economic Order [pdf]
by C. Fred Bergsten, Peterson Institute for International Economics
Lecture delivered at the Stockholm School of Economics, Stockholm, Sweden
August 22, 2014

Currency Wars, the Economy of the United States, and Reform of the International Monetary System [pdf]
by C. Fred Bergsten, Peterson Institute for International Economics
May 15, 2013

Keynote Address: Reviving US Competitiveness and Economic Growth [pdf]
by Orrin Hatch, US Senate Committee on Finance
Unedited transcript of keynote address delivered at the conference "Reviving US Competitiveness and Economic Growth"
December 12, 2012

Setting the Stage: Reviving US Competitiveness and Economic Growth [pdf]
by Eric Solomon, Former Assistant Secretary of the Treasury for Tax Policy
Unedited transcript of keynote address delivered at the conference "Reviving US Competitiveness and Economic Growth"
December 12, 2012

The Dollar and US Power [pdf]
by John Williamson, Peterson Institute for International Economics
Paper presented at the conference "Currencies of Power and the Power of Currencies" organized by the International Institute of Strategic Studies in Bahrain from September 29, 2012 to October 2, 2012
October 2, 2012

The United States in the World Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Speech delivered at the Chautauqua Lecture Series, "The US Economy: Beyond a Quick Fix"
August 12, 2011

Why the U.S. Needs to Cut the Deficit
by C. Fred Bergsten, Peterson Institute for International Economics
Interview by Christopher Alessi, Associate Staff Writer, Council on Foreign Relations
July 21, 2011

Regulating Systemically Important Financial Firms [pdf]
by Daniel K. Tarullo, Federal Reserve Board
Prepared remarks delivered at the Peterson Institute for International Economics, Washington, DC
June 3, 2011

Two Years after the Crisis: The Global Economic Agenda
by Lael Brainard, Under Secretary of the Treasury for International Affairs
Prepared remarks delivered at the event "Two Years after the Crisis: The Global Economic Agenda"
July 26, 2010

Essential Elements of Financial Reform
by Paul A. Volcker, Chairman of the President’s Economic Recovery Advisory Board
Transcript of speech delivered at the Peterson Institute event "Volcker on Essential Elements on Financial Reform"
March 30, 2010

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 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

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

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

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

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

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

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

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

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 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

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

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


PIIE Briefings

14-4: Lessons from Decades Lost: Economic Challenges and Opportunities Facing Japan and the United States [pdf]
by William R. Cline, Peterson Institute for International Economics
and Kyoji Fukao, Institute of Economic Research, Hitotsubashi University
and Tokuo Iwaisako, Institute of Economic Research, Hitotsubashi University
and Kenneth N. Kuttner, Williams College
and Adam S. Posen, Peterson Institute for International Economics
and Jeffrey J. Schott, Peterson Institute for International Economics
December 2014

14-1: Flirting with Default: Issues Raised by Debt Confrontations in the United States [pdf]
by Joseph E. Gagnon, Peterson Institute for International Economics
and Anna Gelpern, Peterson Institute for International Economics
and Tomas Hellebrandt, Peterson Institute for International Economics
and Adam S. Posen, Peterson Institute for International Economics
and Douglas A. Rediker, Peterson Institute for International Economics
and David J. Stockton, Peterson Institute for International Economics
and Kent Troutman, Peterson Institute for International Economics
and Angel Ubide, Peterson Institute for International Economics
February 2014


Books

Responding to Financial Crisis: Lessons from Asia Then, the United States and Europe Now
edited by Changyong Rhee and Adam S. Posen
October 2013

A Decade of Debt
by Carmen M. Reinhart and Kenneth S. Rogoff
September 2011

The 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

The 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)