What roles should the private sector and the Fed play in payments?
The Federal Reserve should play a minimal, supportive role in payments infrastructure, letting the private sector take the lead, Christopher Waller argues
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United States
How the EU should respond to Trump’s tariffs
The return of Donald Trump raises fundamental challenges for the EU. Ignacio García-Bercero, Petros Mavroidis and André Sapir focus on possible new tariffs based on statements made by the President-elect
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The resurrection of Trump
Donald J Trump is returning to the White House. Stefan Wolff considers what this means for Ukraine, the Middle East, China and the rest of the world
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Pandemic-related economic distortions are fading
Jerome Powell addresses the current economic situation and the path ahead for monetary policy, discussing economic events since the pandemic and exploring why inflation rose to levels not seen in a generation
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An assessment of IRA climate measures
Simon Voigts and Anne-Charlotte Paret assess emissions reduction, fiscal costs and the macro effects of the Inflation Reduction Act
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A vision for the future of America
Joe Biden delivers a feisty State of the Union address with vision for the second term, discussing the economy, Ukraine, IVF and abortion protections, and defending democracy
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Re-joining trade with antitrust
Cristina Caffarra and Burcu Kilic describe how antitrust thinking has been undergoing a major shift in the US, and ‘antimonopoly’ has become a broader value in multiple areas of economic policy
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A framework for geoeconomics
Countries use their economic strength to achieve geopolitical goals. Christopher Clayton, Matteo Maggiori and Jesse Schreger present a novel framework to understand how a hegemon in the international system exerts its power within its economic network
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The dollar’s international role
The dollar is by far the dominant currency. Christopher Waller does not expect to see the US dollar lose its status as the world’s reserve currency anytime soon
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The influence of politics on circuit court decisions
Each year, the US Circuit Courts of Appeals consider thousands of appeals on the rulings of federal district courts. Alma Cohen examines whether the identity of the politicians that appoint judges to these courts can help predict outcomes in these cases
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