Peterson Institute for International Economics

President-elect Joseph Biden has repeatedly vowed to restore cooperation in transatlantic relations after President Donald Trump’s economic and political confrontations. The degree to which Comac enjoys direct subsidies from the Chinese government is...

Many countries around the world are hoping that the incoming Biden administration will take the lead in restoring a cooperative multilateral approach to trade. Yet such a return to business-as-usual (pre-Trump) trade policy, focused on the negotiatio...

An influential recent paper notes that a disproportionate share of global trade is invoiced in US dollars and claims that dollar invoicing causes trade prices to follow movements in the dollar. This post examines 22 economies to see if the substantia...

Following the 2008 financial crisis, major reforms have been introduced to improve banks’ accounting for credit assets. The COVID-19 pandemic has raised additional issues on how to reckon for nonperforming loans in a time of revenue suppression from...

Orszag, Rubin, and Stiglitz outline a new fiscal framework that they argue would better equip policymakers to face deep uncertainties about future interest rates (which, they say, may not remain low forever), hard-to-predict global shocks, and climat...

China has not been heavily targeted by US financial sanctions in recent years. But bipartisan pressure is growing in the United States in support of new financial sanctions on Chinese firms and individuals to counter Beijing’s human rights abuses and...