Category Full Posts

Competition Challenges in the Digital Economy

From Brookings (with Nirav Patel): Slow productivity growth and rising income inequality have shaped the world economy in a time of rapid technological change. A variety of explanations have emerged to help us understand these related trends, but one overarching theme is the decline in competition. The combination of increasingly concentrated markets, rising market power of large firms, and […]

Fed Policy in a Diverging World

On rare occasion does the Federal Reserve cite international developments as a major factor in its domestic policy decisions, but that is precisely what happened this September. Despite a strengthening U.S. labor market and an increase in the Fed’s own projection for U.S. growth next year, the Fed decided to delay its much anticipated lift-off […]

Introduction: The Global Economy Can Hold the US Back

This is the first post in a series on how a weaker global economy can threaten the recovery that is underway in the US. This post provides an introduction to the series and is followed by three more posts, divided as Parts I, II and III. Part I delves into the drivers of growth in […]

Part I: A Stronger US in A Weaker Global Economy

This is the second post in a series on how a weaker global economy can threaten the strengthening recovery in the US. The first post in the series is the introduction, which is followed by three parts. This post, Part I, delves into the drivers of growth in the US and in the rest of […]

Part II: The Rise of the Dollar and the US Trade Balance

This is the third post in a series on how a weaker global economy can threaten the strengthening recovery in the US. The first post in the series is the introduction, which is followed by three parts. Part I, delves into the drivers of growth in the US and in the rest of the world. […]

Part III: The Quest for Demand and the US Consumer

This is the final post in a series on how a weaker global economy can threaten the strengthening recovery in the US. The first post in the series is the introduction, which is followed by three parts. Part I, delves into the drivers of growth in the US and in the rest of the world. […]

Guest post: Russia, Left in the Ruble

by Mike Azar With the Russian currency (the ruble) plummeting and borrowing costs shooting higher, Russia is on the edge of a full-blown financial crisis.  In the last three months, the ruble has lost nearly 50 percent of its value against the dollar, as the price of Brent crude oil (a key oil price benchmark) […]