Institute for International Economics

The Peterson Institute for International Economics (PIIE) presents remarks by Kazuo Ueda, governor of the Bank of Japan, on the recent changes in the bank’s monetary policy framework. A discussion with PIIE president Adam S. Posen follows.

Please join the Peterson Institute for International Economics (PIIE) for an exploration of the upcoming report, “Finternet: The financial system for the future” by Bank for International Settlements general manager Agustín Carstens and co-founder and chairman of Infosys and founding chairman of UIDAI (Aadhaar) Nandan M. Nilekani. The discussion panel explains how the application of novel technological innovations could generate change in the financial system, delivering financial services that are cheaper... Читать дальше...

As economies recovered from the COVID-19 pandemic, inflation spiked to its highest levels in decades. This tested both central banks' commitment to price stability and the effectiveness of their frameworks and tools. This event features a panel of presentations that draws from a new book published by the Centre for Economic Policy Research (CEPR), Monetary Policy Responses to the Post-Pandemic Inflation, edited by Bill English , Kristin Forbes, and Ángel Ubide , with contributions by senior policymakers... Читать дальше...

The US debate over the historically unprecedented influx of immigrants at the southwest border has been at the center of the presidential campaign, producing anguished reactions across the spectrum. But the furor about how to change policy at the border has not always been informed by enough facts and understanding of the genuine dilemmas faced by policymakers.
On the one hand, a vast enforcement crackdown is likely to harm economic opportunity in the United States, where immigrants fill essential... Читать дальше...

Technical Summary
Legal and illegal markets often coexist. In theory, marginal legalization can either substitute for the remaining parallel market, or complement it via scale effects. This paper studies migrants crossing without prior authorization at the US southwest border, where large-scale unlawful crossing coexists with substantial, varying, and policy-constrained lawful crossing. The paper tests whether lawful and unlawful crossing are gross substitutes or complements, using lag-augmented... Читать дальше...

The Peterson Institute for International Economics and the Council on Foreign Relations (CFR) present a conversation with European Central Bank president Christine Lagarde, who discusses the state of the European economy, US-EU economic cooperation, and the implications of international geopolitical conflicts on the global economy. The conversation is moderated by Michael Froman, CFR president.

Kimberly Clausing (PIIE and UCLA), Jean Pisani-Ferry (PIIE and Bruegel), and Nicholas Stern (London School of Economics) discussed tax policy as climate policy; how the green transition will affect investment, growth, and market considerations; and opportunities for public and private commitments to accelerate clean growth. The panel was chaired by Olivier Blanchard (PIIE).
This panel discussion was at the PIIE-IMF conference "Rethinking economic policy: Steering structural change," April 16–17, 2024.

With societies bound to undergo massive structural changes in the context of the green energy transition, technological advances, and turbulent geopolitical relations, the "Rethinking economic policy: Steering structural change" conference takes stock of the challenges ahead, and rethinks how policies can support and steer the looming transformations and overcome political economy obstacles, and ensure broadly shared benefits. The conference includes a series of engaging panels with a stellar cast of speakers and moderators. Читать дальше...

The Peterson Institute for International Economics and the Council on Foreign Relations (CFR) present a discussion on central bank governance in emerging markets. Central bank governors from some of the largest emerging markets discuss the economic outlook in their countries, how their banks have addressed global inflation, and opportunities for sustained economic growth.
Featuring Fatih Karahan, Central Bank of the Republic of Turkey governor, and Lesetja Kganyago, South African Reserve Bank governor... Читать дальше...

The Peterson Institute for International Economics (PIIE) presents a fireside chat with Ngozi Okonjo-Iweala, director-general of the World Trade Organization (WTO), and Adam S. Posen, PIIE president, on the role of the WTO against a backdrop of a shifting geopolitical landscape. 
Okonjo-Iweala and Posen share their insights on the milestones that have shaped the WTO’s trajectory over the past three decades. They also explore the organization’s future direction, emphasizing its critical function... Читать дальше...