Peterson Institute for International Economics Update Newsletter
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PIIE Update Newsletter
February 11, 2013

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  PIIE President Adam Posen will be interviewed on Charlie Rose on Monday, February 11, 2013

Conference on Japan's "Abenomics" to Follow at the Institute on Friday, February 15, 2013
  Adam S. Posen On Monday, February 11, Adam S. Posen, president of the Peterson Institute for International Economics, will appear as a guest on acclaimed interviewer Charlie Rose's show to discuss current economic policy challenges. Charlie Rose engages America's best thinkers, writers, politicians, business leaders, athletes, scientists, and entertainers in one-on-one interviews. The program is scheduled to air at 11 p.m. EST on PBS; please consult your local listings for exact times. If you are unable to watch the segment as broadcast on Monday, complete interviews are available on the Charlie Rose website.

The Posen interview comes at a time of turmoil in macroeconomic policy, when the United States has seemingly avoided its fiscal cliff, the United Kingdom faces falling back into recession, and Japan's new prime minister, Shinzō Abe, is pushing forward on radical new stimulus measures.

Posen and Rose will discuss how to balance austerity and stimulus policies, picking up on insights from the December 2012 New York Times Magazine feature article on Posen. They will compare how the United States and the United Kingdom have recovered from the global economic crisis and discuss how the policy process in the two countries differs. They will also discuss why and how the United States avoided its fiscal cliff.

Finally, Posen, who has just spent a week meeting with officials of the new government in Tokyo, will explain on 'Charlie Rose' how Japan should proceed, given that it is reaching its fiscal limit.

With this last timely topic in mind, Posen has organized a high-level conference to be held at the Peterson Institute on Friday, February 15, to assess "Abenomics," the economic policy initiatives of Japan's new government, ahead of the upcoming Obama-Abe Summit. Professor Koichi Hamada of Yale, the primary architect of the Abe government's economic program, will lead off the conference, followed by Dr. Posen's assessment of the macro side. A second panel including contributions by former US Trade Representative Clayton Yeutter and PIIE Senior Fellow Jeffrey J. Schott will tackle Japan's trade policy, including its absence from the current Trans-Pacific Partnership negotiations. This event will be streamed live on from 9 a.m. to 12:00 noon, Friday, February 15.

Adam S. Posen in the News

Bloomberg Surveillance Radio
Peterson's Posen Sees 'Good Things Afoot' in Japan [mp3]
While participating in a conference at the Bank of Japan, PIIE President Adam S. Posen calls into Bloomberg Radio to discuss the euro area, the strength of the banking sector, and "Abenomics."

Abe Taking Right Approach on Monetary Front: Posen
PIIE President Adam S. Posen sits down with the NIKKEI's Washington bureau chief, Akio Fujii, to discuss and gauge the merits of "Abenomics."

The Wall Street Journal
Abenomics Wins Over a Bank of Japan Skeptic
Adam S. Posen talks with Jacob Schlesinger, Tokyo bureau chief of the Wall Street Journal, about why he is hopeful that a more aggressive Bank of Japan and a measured way of getting to fiscal consolidation will end deflation and get Japan back to growth.

The Guardian
British Economy Faces Threat of Lost Decade
With the British economy stagnating, some economists are calling on British officials to change course, but Adam S. Posen warns that the public and financial markets may not respond well to abandoning the inflation-targeting regime.
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