Research Library

Japan's once-booming economy has been somnolent, mainly as a result of deflation and decreased productivity. This issue brief discusses Abenomics — the country's strategy for achieving economic growth — and the headwinds created by the demographic forces of aging in Japan.

This issue brief examines the various foreign policy strategies advanced by Worker’s Party-led administrations in Brazil since 2003. The brief also analyzes the current political and economic crises that have increased strain on the party’s leaders.

Is the U.S. better off linking its money supply to a global commodity market or allowing an independent central bank to respond to economic conditions?

Trade and financial shocks have worsened Latin America’s economic prospects in the past year. Latin America — and South America in particular — are expected to perform poorly into 2016.

While the recent fiscal troubles in Greece have received much attention, the U.S. fiscal position is hardly comparable to that of Greece. However, the United States is experiencing, and will continue to experience, one of the fundamental economic costs of relatively large and persistent deficits.

This issue brief explores the relationship between the opening of Mexico’s energy sector and the future of the country’s automotive industry.

As Congress resumes work this spring on a bill granting Trade Promotion Authority to President Obama for completion of the Trans-Pacific Partnership trade pact, many members have sought inclusion of a chapter on currency manipulation. Currency manipulation is a legitimate concern. However, countermeasures require clear, objective identification of currency manipulation. Both the IMF and the U.S. Treasury Department have mandates to identify currency manipulation, yet neither has done so in the past 20 years. If it can be done, why has it not happened more often? In this issue brief, Russell Green, Will Clayton Fellow in International Economics, reviews the difficulties of operationalizing a currency manipulation chapter and argues that the difficulty of identifying currency manipulation suggests serious political obstacles to implementation.

The BRICS clearly want something tangible to demonstrate their global prominence and the power of non-Western values. Russell Green examines the critical issues that must be resolved before the BRICS bank can open its doors.