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June 27, 2013
China
The New Geo-Graphics iPad Mini Index Should Calm Talk of Currency Wars
The “law of one price” holds that identical goods should trade for the same price in an efficient market. To what extent does it hold internationally? The Economist magazine’s famous Big Mac Ind…
April 6, 2017
China
RMB Globalization, Once "Unstoppable," Heads Into Reverse
“The globalisation of the [Chinese RMB] seems remorseless and unstoppable,” the Economist pronounced in April 2014. A year later, a research-grant foundation asked me (Benn) to review …
May 7, 2018
Political History and Theory
The Marshall Plan
Teaching Notes for The Marshall Plan, written by CFR Senior Fellow Benn Steil
January 8, 2014
Global
Federal Reserve Policy and Emerging Markets
In his testimony before the House Committee on Financial Services' Subcommittee on Monetary Policy and Trade, Benn Steil argues that changes in U.S. monetary policy can have significant impact on eme…
August 20, 2013
Europe and Eurasia
Carney’s Forward Garble
The Bank of England’s dramatic new “forward guidance” policy, announced on August 7 with great fanfare, struck the markets like a soggy noodle – the FTSE fell, gilts fell, and sterling rose, none …
