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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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February 26, 2019
Political History and Theory
The Marshall Plan
Benn Steil, the award-winning author of The Battle of Bretton Woods, reveals the gripping history behind the Marshall Plan—told with verve, insight, and resonance for today.
October 1, 2014
China
Can Russia Escape Dollar Dependence?
Russian president Vladimir Putin is determined to wean his country off the dollar, or so he says. In July, after insisting that the international monetary system depended too much “on the U.S. do…
April 8, 2015
China
Are China’s Foreign Exchange Reserves Really Falling?
Bloomberg and other media outlets have been highlighting the apparent significant recent fall in China’s foreign exchange reserves, suggesting that the development had important implications. In …
July 18, 2013
Monetary Policy
Mortgages and Monetary Policy Don’t Mix
From the beginning of 2009 through this past May 21st, the Fed amassed a portfolio of mortgage-backed securities (MBS) valued at $1.2 trillion. Over this period, the average 30-year fixed mortgag…
May 29, 2013
Monetary Policy
Is the Fed Right to Calibrate Asset Purchases to Economic Data?
The Fed is trying to have its cake and eat it too. Having earlier tried to anchor market expectations of future low interest rates by pledging that policy would remain accommodative into 2015, Fed…
