By continuing to implement contractionary monetary policy as the pandemic-era business cycle matures, the Federal Reserve risks overshooting a soft landing, writes nonresident fellow Jorge Barro.
Economic security has become a top priority for the West following the disruptions caused by COVID-19, the Russia-Ukraine war and the growing threat of China. Could investing in brain capital help build more resilient economies?
William Hynes, Paweł Świeboda, Patrick Love, Jo-An Occhipinti, Harris A. EyreAugust 2, 2023
Ukraine might have mixed feelings about the NATO summit outcome. But Biden can count the meeting — which saw NATO fall in line with his cautious approach to the Russia-Ukraine war — a success, writes fellow Joe Barnes.
With the 45V tax credit, the U.S. is well poised to compete for the growing pipeline of clean hydrogen projects globally, writes fellow Rachel Meidl. But if the Treasury adds restrictions to the new tax credit, the U.S. could lose its advantage and a key opportunity for large-scale decarbonization.
Despite recent claims that “free trade is dead,” fellow Simon Lester explains that America was never close to anything resembling free trade in the first place. Instead, current U.S. trade policy, just like past policy, reflects a messy mix of free market and industrial policy views.
“Green brain capital” places a central emphasis on the brain to deliver a healthy environment, and likewise on a green environment to safeguard brain health. The authors look at the existing literature and explain how this concept can help us build a sustainable future.
Under President Andrés Manuel López Obrador, Mexico is squandering a once-in-a-generation opportunity to encourage significant new foreign investment. His successor will need to reverse course, writes David A. Gantz, the Will Clayton Fellow in Trade and International Economics.