Other Publications from the PETERSON INSTITUTE FOR INTERNATIONAL ECONOMIC

WORKING PAPERS

94- 1 APEC and Regional Trading Arrangements in the Pacific

Jeffrey A. Frankel with Shang-Jin Wei and Ernesto Stein

94- 2 Towards an Asia Pacific Investment Code

Edward M.

94- 3 Merchandise Trade in the APEC Region: Is There Scope for Liberalization on an MFN Basis? Paul Wonnacott

94- 4 The Automotive Industry in Southeast Asia: Can Protection Be Made Less

Costly? Paul Wonnacott

94- 5 Implications of Asian Economic Growth

Marcus Noland

95- 1 APEC: The Bogor Declaration and the

Path Ahead C. Fred Bergsten

95- 2 From Bogor to Miami...and Beyond:

Regionalism in the Asia Pacific and the Western Hemisphere Jeffrey J. Schott

95- 3 Has Asian Export Performance Been

Unique? Marcus Noland

95- 4 Association of Southeast Asian Nations and ASEAN Free Trade Area: Chronology and Statistics Gautam Jaggi

95- 5 The North Korean Economy

Marcus Noland

95- 6 China and the International Economic

System Marcus Noland

96- 1 APEC after Osaka: Toward Free Trade by

2010/2020 C. Fred Bergsten

96- 2 Public Policy, Private Preferences, and the Japanese Trade Pattern

Marcus Noland

96- 3 German Lessons for Korea: The

Economics of Unification Marcus Noland

96- 4 Research and Development Activities and Trade Specialization in Japan

Marcus Noland

96- 5 China's Economic Reforms: Chronology and Statistics Gautam Jaggi, Mary Rundle, Daniel H. Rosen, and Yuichi Takahashi

96-6 US-China Economic Relations

Marcus Noland

96-7 The Market Structure Benefits of Trade and Investment Liberalization

Raymond Atje and Gary Clyde Hufbauer

96-8 The Future of US-Korea Economic

Relations Marcus Noland

96-9 Competition Policies in the Dynamic Industrializing Economies: The Case of China, Korea, and Chinese Taipei Edward M. Graham

96-10 Modeling Economic Reform in North Korea Marcus Noland, Sherman Robinson, and Monica Scatasta

96-11 Trade, Investment, and Economic Conflict Between the United States and

Asia Marcus Noland

96-12 APEC in 1996 and Beyond: The Subic

Summit C.

96-13 Some Unpleasant Arithmetic Concerning

Unification Marcus Noland

96-14 Restructuring Korea’s Financial Sector for Greater Competitiveness

Marcus Noland

96- 15 Competitive Liberalization and Global

Free Trade: A Vision for the 21st

Century C. Fred Bergsten

97- 1 Chasing Phantoms: The Political

Economy of USTR Marcus Noland

97- 2 US-Japan Civil Aviation: Prospects for

Progress Jacqueline McFadyen

97-3 Open Regionalism C. Fred Bergsten

97- 4 Lessons from the Bundesbank on the Occasion of Its 40th (and Second to Last?) Birthday Adam S. Posen

97- 5 The Economics of Korean Unification

Marcus Noland, Sherman Robinson, and Li-Gang Liu

98- 1 The Costs and Benefits of Korean

Unification Marcus Noland,

Sherman Robinson, and Li-Gang Liu

98- 2 Asian Competitive Devaluations Li-Gang Liu, Marcus Noland, Sherman Robinson, and Zhi Wang

98- 3 Fifty Years of the GATT/WTO: Lessons

from the Past for Strategies or the Future C. Fred Bergsten

98- 4 NAFTA Supplemental Agreements: Four Year Review Jacqueline McFadyen

98-5 Local Government Spending: Solving the Mystery ofJapanese Fiscal Packages Hiroko Ishii and Erika Wada

98-6 The Global Economic Effects of the Japanese Crisis Marcus Noland,

Sherman Robinson, and Zhi Wang

98- 7 The Relationship Between Trade and

Foreign Investment: Empirical Results for Taiwan and South Korea Li-Gang Liu, The World Bank, and Edward M. Graham

99- 1 Rigorous Speculation: The Collapse and

Revival of the North Korean Economy Marcus Noland, Sherman Robinson, and Tao Wang

99- 2 Famine in North Korea: Causes and Cures Marcus Noland, Sherman Robinson, and Tao Wang

99- 3 Competition Policy and FDI: A Solution

in Search of a Problem? Marcus Noland

99- 4 The Continuing Asian Financial Crisis: Global Adjustment and Trade Marcus Noland, Sherman Robinson, and Zhi Wang

99-5 Why EMU Is Irrelevant for the German Economy Adam S. Posen

99-6 The Global Trading System and the Developing Countries in 2000

C.

99-7 Modeling Korean Unification

Marcus Noland, Sherman Robinson, and Tao Wang

99-8 Sovereign Liquidity Crisis: The Strategic Case for a Payments Standstill Marcus Miller and Lei Zhang

99-9 The Case for Joint Management of Exchange Rate Flexibility C. Fred Bergsten, Olivier Davanne, and Pierre Jacquet

99-10 Does Talk Matter After All? Inflation Targeting and Central Bank Behavior

Kenneth N. Kuttner and Adam S. Posen

99-11 Hazards and Precautions: Tales of International Finance Gary Clyde

Hufbauer and Erika Wada

99-12 The Globalization of Services: What Has Happened? What Are the Implications? Gary Clyde Hufbauer and Tony Warren

00-1 Regulatory Standards in the WTO

Keith Maskus

00-2 International Economic Agreements and the Constitution Richard M. Goodman and John M. Frost

00-3 Electronic Commerce in Developing Countries Catherine L. Mann

00-4 The New Asian Challenge C. Fred Bergsten 00-5 How the Sick Man Avoided Pneumonia:

The Philippines in the Asian Financial Crisis Marcus Noland

00-6 Inflation, Monetary Transparency, and G-3 Exchange Rate Volatility

Kenneth N. Kuttner and Adam S. Posen

00-7 Transatlantic Issues in Electronic

Commerce Catherine L. Mann

00-8 Strengthening the International Financial Architecture: Where Do We

Stand? Morris Goldstein

00-9 On Currency Crises and Contagion

Marcel Fratzscher

01-1 Price Level Convergence and Inflation in Europe John H. Rogers,

Gary Clyde Hufbauer, and Erika Wada

01-2 Subsidies, Market Closure, Cross­Border Investment, and Effects on Competition: The Case of FDI on the Telecommunications Sector

Edward M. Graham

01-3 Foreign Direct Investment in China: Effects on Growth and Economic

Performance Edward M. Graham and Erika Wada

01-4 IMF Structural Conditionality: How Much Is Too Much? Morris Goldstein

01-5 Unchanging Innovation and Changing Economic Performance in Japan

Adam S. Posen

01-6 Rating Banks in Emerging Markets Liliana Rojas-Suarez

01-7 Beyond Bipolar: A Three-Dimensional Assessment of Monetary Frameworks Kenneth N.

01-8 Finance and Changing US-Japan Relations: Convergence Without Leverage-Until Now Adam S. Posen

01-9 Macroeconomic Implications of the New Economy Martin Neil Baily

01-10 Can International Capital Standards Strengthen Banks in Emerging Markets? Liliana Rojas-Suarez

02-1 Moral Hazard and the US Stock Market: Analyzing the “Greenspan Put”?

Marcus Miller, Paul Weller, and Lei Zhang

02-2 Passive Savers and Fiscal Policy Effectiveness in Japan Kenneth N. Kuttner and Adam S. Posen

02-3 Home Bias, Transaction Costs, and Prospects for the Euro: A More Detailed Analysis Catherine L. Mann and

Ellen E. Meade

02-4 Toward a Sustainable FTAA: Does Latin America Meet the Necessary Financial Preconditions? Liliana Rojas-Suarez

02-5 Assessing Globalization's Critics: “Talkers Are No Good Doers???”

Kimberly Ann Elliott, Debayani Kar, and J. David Richardson

02-6 Economic Issues Raised by Treatment of

Takings under NAFTA Chapter 11 Edward M. Graham

03-1 Debt Sustainability, Brazil, and the IMF

Morris Goldstein

03-2 Is Germany Turning Japanese?

Adam S. Posen

03-3 Survival of the Best Fit: Exposure to Low-Wage Countries and the (Uneven) Growth of US Manufacturing Plants Andrew B. Bernard, J. Bradford Jensen, and Peter K. Schott

03-4 Falling Trade Costs, Heterogeneous Firms, and Industry Dynamics

Andrew B. Bernard, J. Bradford Jensen, and Peter K. Schott

03-5 Famine and Reform in North Korea Marcus Noland

03-6 Empirical Investigations in Inflation Targeting Yifan Hu

03-7 Labor Standards and the Free Trade Area of the Americas Kimberly Ann Elliott

03-8 Religion, Culture, and Economic

Performance Marcus Noland

03-9 It Takes More than a Bubble to Become

Japan Adam S. Posen

03-10 The Difficulty of Discerning What's

Too Tight: Taylor Rules and Japanese Monetary Policy Adam S. Posen and Kenneth N. Kuttner

04-1 Adjusting China's Exchange Rate Policies

Morris Goldstein

04-2 Popular Attitudes, Globalization, and

Risk Marcus Noland

04-3 Selective Intervention and Growth: The

Case of Korea Marcus Noland

05-1 Outsourcing and Offshoring: Pushing the European Model Over the Hill, Rather Than Off the Cliff! Jacob Funk Kirkegaard

05-2 China's Role in the Revived Bretton Woods System: A Case of Mistaken Identity Morris Goldstein and

Nicholas R.

05-3 Affinity and International Trade

Marcus Noland

05-4 South Korea's Experience with International Capital Flows Marcus Noland

05-5 Explaining Middle Eastern Authoritarianism Marcus Noland

05-6 Postponing Global Adjustment: An Analysis of the Pending Adjustment of Global Imbalances Edwin M. Truman

05-7 What Might the Next Emerging Market Financial Crisis Look Like?

Morris Goldstein, assisted by Anna Wong

05-8 Egypt after the Multi-Fiber Arrangement: Global Approval and Textile Supply Chains as a Route for Industrial Upgrading Dan Magder

05-9 Tradable Services: Understanding the Scope and Impact of Services Offshoring J. Bradford Jensen and Lori G. Kletzer

05-10 Importers, Exporters, and Multinationals: A Portrait of Firms in the US that Trade

Goods Andrew B. Bernard,

J. Bradford Jensen, and Peter K. Schott 05-11 The US Trade Deficit: A Disaggregated

Perspective Catherine L. Mann and

Katharina Pluck

05-12 Prospects for Regional Free Trade in Asia Gary Clyde Hufbauer and Yee Wong

05-13 Predicting Trade Expansion under FTAs and Multilateral Agreements Dean A. DeRosa and John P. Gilbert

05-14 The East Asian Industrial Policy Experience: Implications for the Middle East Marcus Noland and Howard Pack

05-15 Outsourcing and Skill Imports: Foreign High-Skilled Workers on H-1B and L-1 Visas in the United States

Jacob Funk Kirkegaard

06-1 Why Central Banks Should Not Burst Bubbles Adam S. Posen

06-2 The Case for an International Reserve Diversification Standard

Edwin M. Truman and Anna Wong

06-3 Offshoring in Europe-Evidence of a

Two-Way Street from Denmark

Peter 0rberg Jensen, Jacob Funk Kirkegaard, and Nicolai Sondergaard Laugesen

06-4 The External Policy of the Euro Area: Organizing for Foreign Exchange Intervention C. Randall Henning

06-5 The Eurasian Growth Paradox

Anders Aslund and Nazgul Jenish

06-6 Has EMU Had Any Impact on the Degree of Wage Restraint? Adam S. Posen and

Daniel Popov Gould

06-7 Firm Structure, Multinationals, and Manufacturing Plant Deaths

Andrew B.

Arrangements: New Evidence from the Australia Productivity Commission

Dean A. DeRosa

07-2 Offshoring, Outsourcing, and Production Relocation Labor-Market Effects in the OECD Countries and Developing Asia Jacob Funk Kirkegaard 07-3 Do Markets Care Who Chairs the Central

Bank? Kenneth N. Kuttner and

Adam S. Posen

07-4 Industrial Policy, Innovative Policy, and Japanese Competitiveness: Japan's Pursuit of Competitive Advantage Marcus Noland

07-5 A (Lack of) Progress Report on China’s Exchange Rate Policies Morris Goldstein 07-6 Measurement and Inference in

International Reserve Diversification

Anna Wong

07-7 North Korea’s External Economic Relations Stephan Haggard and

Marcus Noland

07-8 Congress, Treasury, and the Accountability of Exchange Rate Policy: How the 1988 Trade Act Should Be Reformed C. Randall Henning

07-9 Merry Sisterhood or Guarded Watchfulness? Cooperation Between the International Monetary Fund and the World Bank Michael Fabricius

08-1 Exit Polls: Refugee Assessments of North Korea’s Transitions Yoonok Chang, Stephan Haggard, and Marcus Noland

08-2 Currency Undervaluation and Sovereign

Wealth Funds: A New Role for the WTO Aaditya Mattoo and Arvind Subramanian

08-3 Exchange Rate Economics

John Williamson

08-4 Migration Experiences of North Korean Refugees: Survey Evidence from China Yoonok Chang, Stephan Haggard, and Marcus Noland

08-5 Korean Institutional Reform in Comparative Perspective Marcus Noland and Erik Weeks

08-6 Estimating Consistent Fundamental Equilibrium Exchange Rates

William R. Cline

08-7 Policy Liberalization and FDI Growth, 1982 to 2006 Matthew Adler and

Gary Clyde Hufbauer

08-8 Multilateralism Beyond Doha

Aaditya Mattoo and Arvind Subramanian

08-9 Famine in North Korea Redux?

Stephan Haggard and Marcus Noland

08-10 Recent Trade Patterns and Modes of Supply in Computer and Information Services in the United States and NAFTA Partners Jacob Funk Kirkegaard

08-11 On What Terms Is the IMF Worth

Funding? Edwin M. Truman

08-12 The (Non) Impact of UN Sanctions on

North Korea Marcus Noland

09-1 The GCC Monetary Union: Choice of Exchange Rate Regime Mohsin S. Khan

09-2 Policy Liberalization and US Merchandise Trade Growth, 1980-2006 Gary Clyde Hufbauer and Matthew Adler

09-3 American Multinationals and American Economic Interests: New Dimensions to an Old Debate Theodore H. Moran

09-4 Sanctioning North Korea: The Political Economy of Denuclearization and Proliferation Stephan Haggard and

Marcus Noland

09-5 Structural and Cyclical Trends in Net Employment over US Business Cycles, 1949-2009: Implications for the Next Recovery and Beyond

Jacob Funk Kirkegaard

09-6 What's on the Table? The Doha Round as of August 2009 Matthew Adler,

Claire Brunel, Gary Clyde Hufbauer, and Jeffrey J. Schott

09-7 Criss-Crossing Globalization: Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment Aaditya Mattoo and Arvind Subramanian

09-8 Reform from Below: Behavioral and Institutional Change in North Korea Stephan Haggard and Marcus Noland

09-9 The World Trade Organization and Climate Change: Challenges and Options Gary Clyde Hufbauer and Jisun Kim

09-10 A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds

Christopher D. Carroll and Olivier Jeanne

09-11 The Impact of the Financial Crisis on Emerging Asia Morris Goldstein and Daniel Xie

09-12 Capital Flows to Developing Countries: The Allocation Puzzle

Pierre-Olivier Gourinchas and Olivier Jeanne

09-13 Mortgage Loan Modifications: Program Incentives and Restructuring Design Dan Magder

09-14 It Should Be a Breeze: Harnessing the Potential of Open Trade and Investment Flows in the Wind Energy Industry Jacob Funk Kirkegaard, Thilo Hanemann, and Lutz Weischer

09-15 Reconciling Climate Change and Trade Policy Aaditya Mattoo,

Arvind Subramanian, Dominique van der Mensbrugghe, and Jianwu He

09-16 The International Monetary Fund and Regulatory Challenges Edwin M. Truman

10- 1 Estimation of De Facto Flexibility

Parameter and Basket Weights in Evolving Exchange Rate Regimes Jeffrey Frankel and Daniel Xie

10- 2 Economic Crime and Punishment in

North Korea Stephan Haggard and

Marcus Noland

10- 3 Intra-Firm Trade and Product Contractibility Andrew B. Bernard,

J. Bradford Jensen, Stephen J. Redding, and Peter K. Schott

10- 4 The Margins of US Trade

Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding, and Peter K. Schott

10- 5 Excessive Volatility in Capital Flows: A Pigouvian Taxation Approach Olivier Jeanne and Anton Korinek

10- 6 Toward a Sunny Future? Global Integration in the Solar PV Industry Jacob Funk Kirkegaard, Thilo Hanemann, Lutz Weischer, Matt Miller

10- 7 The Realities and Relevance ofJapan^,s Great Recession: Neither Ran nor

Rashomon Adam S. Posen

10- 8 Do Developed and Developing Countries Compete Head to Head in High Tech? Lawrence Edwards and Robert Z. Lawrence

10- 9 US Trade and Wages: The Misleading Implications of Conventional Trade Theory Lawrence Edwards and

Robert Z. Lawrence

10- 10 Wholesalers and Retailers in US Trade Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding, and Peter K. Schott

10- 11 The Design and Effects of Monetary Policy in Sub-Saharan African Countries Mohsin S. Khan

10- 12 Managing Credit Booms and Busts: A Pigouvian Taxation Approach Olivier Jeanne and Anton Korinek

10- 13 The G-20 and International Financial Institution Governance Edwin M. Truman

10- 14 Reform of the Global Financial

Architecture Garry J. Schinasi and

Edwin M. Truman

10- 15 A Role for the G-20 in Addressing Climate Change? Trevor Houser

10- 16 Exchange Rate Policy in Brazil

John Williamson

10- 17 Trade Disputes Between China and the United States: Growing Pains so Far, Worse Ahead? Gary Clyde Hufbauer and Jared C. Woollacott

10- 18 Sovereign Bankruptcy in the European

Union in the Comparative Perspective Leszek Balcerowicz

11- 1 Current Account Imbalances Coming

Back Joseph E. Gagnon

11- 2 Too Big to Fail: The Transatlantic Debate

Morris Goldstein and Nicolas Veron

11- 3 Foreign Direct Investment in Times of

Crisis Lauge Skovgaard Poulsen and

Gary Clyde Hufbauer

11- 4 A Generalized Fact and Model of Long- Run Economic Growth: Kaldor Fact as a

Special Case Daniel Danxia Xie

11- 5 Integrating Reform of Financial Regulation with Reform of the International Monetary System Morris Goldstein

11- 6 Capital Account Liberalization and the Role of the RMB Nicholas R. Lardy and Patrick Douglass

11- 7 Capital Controls: Myth and Reality—A Portfolio Balance Approach

Nicolas E. Magud, Carmen M. Reinhart, and Kenneth S. Rogoff

11- 8 Resource Management and Transition in Central Asia, Azerbaijan, and Mongolia Richard Pomfret

11- 9 Coordinating Regional and Multilateral Financial Institutions C. Randall Henning

11- 10 The Liquidation of Government Debt

Carmen M. Reinhart and M. Belen Sbrancia

11- 11 Foreign Manufacturing Multinationals and the Transformation of the Chinese Economy: New Measurements, New Perspectives Theodore H. Moran

11- 12 Sovereign Wealth Funds: Is Asia

Different? Edwin M. Truman

11- 13 Integration in the Absence of Institutions: China-North Korea Cross­

Border Exchange Stephan Haggard, Jennifer Lee, and Marcus Noland

11- 14 Renminbi Rules: The Conditional Imminence of the Reserve Currency Transition Arvind Subramanian

11- 15 How Flexible Can Inflation Targeting Be and Still Work? Kenneth N. Kuttner and

Adam S. Posen

11- 16 Asia and Global Financial Governance

C. Randall Henning and Mohsin S. Khan

11- 17 India's Growth in the 2000s: Four Facts

Utsav Kumar and Arvind Subramanian

11- 18 Applying Hubbert Curves and Linearization to Rock Phosphate

Cullen S. Hendrix

11- 19 Delivering on US Climate Finance Commitments Trevor Houser and

Jason Selfe

11- 20 Rent(s) Asunder: Sectoral Rent Extraction Possibilities and Bribery by Multinational Corporations

Edmund Malesky, Nathan Jensen, and Dimitar Gueorguiev

11- 21 Asian Regional Policy Coordination Edwin M. Truman

11- 22 China and the World Trading System

Aaditya Mattoo and Arvind Subramanian

12- 1 Fiscal Federalism: US History for

Architects of Europe’s Fiscal Union C. Randall Henning and Martin Kessler

12- 2 Financial Reform after the Crisis: An Early Assessment Nicolas Veron

12- 3 Chinese Investment in Latin American Resources: The Good, the Bad, and the Ugly Barbara Kotschwar,

Theodore H. Moran, and Julia Muir

12- 4 Spillover Effects of Exchange Rates: A Study of the Renminbi Aaditya Mattoo, Prachi Mishra, and Arvind Subramanian

12- 5 Global Imbalances and Foreign Asset Expansion by Developing-Economy Central Banks Joseph E. Gagnon

12- 6 Transportation and Communication Infrastructure in Latin America: Lessons

from Asia Barbara Kotschwar

12- 7 Lessons from Reforms in Central and Eastern Europe in the Wake of the Global Financial Crisis Anders Aslund

12- 8 Networks, Trust, and Trade: The Microeconomics of China-North Korea

Integration Stephan Haggard and

Marcus Noland

12- 9 The Microeconomics of North-South Korean Cross-Border Integration Stephan Haggard and Marcus Noland

12- 10 The Dollar and Its Discontents

Olivier Jeanne

12- 11 Gender in Transition: The Case of North Korea Stephan Haggard and

Marcus Noland

12- 12 Sovereign Debt Sustainability in Italy and Spain: A Probabilistic Approach William R. Cline

12- 13 John Williamson and the Evolution of the International Monetary System Edwin M. Truman

12- 14 Capital Account Policies and the Real Exchange Rate Olivier Jeanne

12- 15 Choice and Coercion in East Asian Exchange Rate Regimes

C. Randall Henning

12- 16 Transactions: A New Look at Services Sector Foreign Direct Investment in Asia Jacob Funk Kirkegaard

12- 17 Prospects for Services Trade Negotiations Jeffrey J. Schott, Minsoo Lee, and Julia Muir

12- 18 Developing the Services Sector as Engine of Growth for Asia: An Overview Marcus Noland, Donghyun Park, and Gemma B. Estrada

12- 19 The Renminbi Bloc Is Here: Asia Down, Rest of the World to Go? Revised Aug. 2013 Arvind Subramanian and Martin Kessler

12- 20 Performance of the Services Sector in Korea: An Empirical Investigation Donghyun Park and Kwanho Shin

12- 21 The Services Sector in Asia: Is It an

Engine of Growth? Donghyun Park and Kwanho Shin

12- 22 Assessing Potential Inflation Consequences of QE after Financial Crises Samuel Reynard

12- 23 Overlooked Opportunity: Tradable

Business Services, Developing Asia, and Growth J. Bradford Jensen

13- 1 The Importance of Trade and Capital

Imbalances in the European Debt Crisis Andrew Hughes Hallett and Juan Carlos Martinez Oliva

13- 2 The Elephant Hiding in the Room: Currency Intervention and Trade Imbalances Joseph E. Gagnon

13- 3 Does High Home-Ownership Impair the Labor Market? David G. Blanchflower and Andrew J. Oswald

13- 4 The Rise of Emerging Asia: Regional Peace and Global Security Miles Kahler

13- 5 Peers and Tiers and US High-Tech Export Controls: A New Approach to Estimating Export Shortfalls Asha Sundaram and J. David Richardson

13- 6 The Hyperglobalization of Trade and Its Future Arvind Subramanian and

Martin Kessler

13- 7 How to Measure Underemployment?

David N. F. Bell and David G. Blanchflower

13- 8 The Greek Debt Restructuring: An Autopsy Jeromin Zettelmeyer,

Christoph Trebesch, and Mitu Gulati

13- 9 Asian and European Financial Crises Compared Edwin M. Truman

13- 10 Why Growth in Emerging Economies Is Likely to Fall Anders Aslund

13- 11 AGOA Rules: The Intended and

Unintended Consequences of Special

Fabric Provisions Lawrence Edwards and

Robert Z. Lawrence

14- 1 Regime Change, Democracy, and Growth

Caroline Freund and Melise Jaud

14- 2 Labor Market Slack in the United

Kingdom David N. F. Bell and

David G. Blanchflower

14- 3 Oil Prices and Interstate Conflict

Behavior Cullen S. Hendrix

14- 4 Demographic versus Cyclical Influences on US Labor Force Participation William R. Cline with Jared Nolan

14- 5 The Federal Reserve Engages the World (1970-2000): An Insider's Narrative of the Transition to Managed Floating and Financial Turbulence Edwin M. Truman

14- 6 Wages and Labor Market Slack: Making the Dual Mandate Operational

David G. Blanchflower and Adam S. Posen

14- 7 What Goes into a Medal: Women’s

Inclusion and Success at the Olympic

Games Marcus Noland and Kevin Stahler

14- 8 Official Financial Flows, Capital

Mobility, and Global Imbalances

Tamim Bayoumi, Joseph Gagnon, and Christian Saborowski

14- 9 Sustainability of Public Debt in the

United States and Japan William R. Cline

14- 10 Versailles Redux? Eurozone

Competitiveness in a Dynamic Balassa- Samuelson-Penn Framework

Kevin Stahler and Arvind Subramanian

14- 11 Understanding Differences in Growth

Performance in Latin America and Developing Countries between the Asian and Global Financial Crises

Roberto Alvarez and Jose De Gregorio

14- 12 Foreign Investment and Supply Chains in

Emerging Markets: Recurring Problems and Demonstrated Solutions

Theodore H. Moran

15- 1 The Economic Scope and Future of US-

India Labor Migration Issues

Jacob Funk Kirkegaard

15- 2 Myanmar: Cross-Cutting Governance

Challenges Cullen S. Hendrix and

Marcus Noland

15- 3 Financing Asia’s Growth

Gemma B. Estrada, Marcus Noland,

Donghyun Park, and Arief Ramayandi

15- 4 Maintaining Financial Stability in the

People’s Republic of China during Financial Liberalization Nicholas Borst and Nicholas Lardy

15- 5 The Financial Sector and Growth in

Emerging Asian Economies

William R. Cline

15- 6 Financing Productivity- and Innovation- Led Growth in Developing Asia: International Lessons and Policy Issues Ajai Chopra

15- 7 The Future of Worldwide Income

Distribution Tomas Hellebrandt and Paolo Mauro

15- 8 Testing the Modigliani-Miller Theorem of Capital Structure Irrelevance for Banks William R. Cline

15- 9 An Old Boys’ Club No More: Pluralism in Participation and Performance at the Olympic Games Marcus Noland and Kevin Stahler

15- 10 Recent Declines in Labor’s Share in US Income: A Preliminary Neoclassical Account Robert Z. Lawrence

15- 11 The Resilient Trade Surplus, the Pharmaceutical Sector, and Exchange Rate Assessments in Switzerland

Philip Saure

15- 12 The Tradability of Services: Geographic Concentration and Trade Costs

Antoine Gervais and J. Bradford Jensen

15-13 Enhancing Financial Stability in Developing Asia Adam S. Posen and Nicolas Veron

15-14 The OECD’s “Action Plan” to Raise Taxes on Multinational Corporations

Gary Hufbauer, Euijin Jung, Tyler Moran, and Martin Vieiro

15-15 The Influence of Foreign Direct Investment, Intrafirm Trading, and Currency Undervaluation on US Firm Trade Disputes J. Bradford Jensen, Dennis P. Quinn, and Stephen Weymouth

15-16 Further Statistical Debate on “Too Much

Finance” William R. Cline

15-17 Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence Olivier Blanchard, Jonathan D. Ostry, Atish R. Ghosh, and Marcos Chamon

15-18 Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks? Olivier Blanchard, Gustavo Adler, and Irineu de Carvalho Filho

15- 19 Inflation and Activity: Two Explorations

and Their Monetary Policy Implications Olivier Blanchard, Eugenio Cerutti, and Lawrence Summers

16- 1 The Origins of the Superrich: The

Billionaire Characteristics Database

Caroline Freund and Sarah Oliver

16- 2 The Economic Effects of the Trans­Pacific Partnership: New Estimates Peter A. Petri and Michael G. Plummer

16- 3 Is Gender Diversity Profitable? Evidence from a Global Survey Marcus Noland, Tyler Moran, and Barbara Kotschwar

16- 4 Russian Doping in Sports Marcus Noland

16- 5 Adjustment and Income Distribution Impacts of the Trans-Pacific Partnership Robert Z. Lawrence and Tyler Moran

16- 6 Benefits and Costs of Higher Capital Requirements for Banks William R. Cline

16- 7 A Portfolio Model of Quantitative Easing Jens H. E. Christensen and Signe Krogstrup

16- 8 Large Depreciations: Recent Experience in Historical Perspective Jose De Gregorio

16- 9 Currency Wars, Coordination, and

Capital Controls Olivier Blanchard

16- 10 The Divergent Postcommunist Paths to Democracy and Economic Freedom Simeon Djankov with Owen Hauck

16- 11 The Origins and Dynamics of Export Superstars Caroline Freund and

Martha Denisse Pierola

16- 12 Preferential Liberalization, Antidumping, and Safeguards: “Stumbling Block” Evidence from Mercosur Chad P. Bown and Patricia Tovar

16-13 US-COOL Retaliation: The WTO's Article 22.6 Arbitration Chad P. Bown and

Rachel Brewster

16- 14 Foot-and-Mouth Disease and Argentina's

Beef Exports: The WTO's US-Animals Dispute Chad P. Bown and

Jennifer A. Hillman

17- 1 Multinational Investors as Export

Superstars: How Emerging-Market Governments Can Reshape Comparative Advantage Caroline Freund and

Theodore H. Moran

17- 2 Kicking a Crude Habit: Diversifying Away from Oil and Gas in the 21st Century Cullen S. Hendrix

17- 3 Global Competition and the Rise of China Caroline Freund and Dario Sidhu

17- 4 Supply-Side Policies in the Depression: Evidence from France

Jeremie Cohen-Setton, Joshua K. Hausman, and Johannes F. Wieland

17- 5 Effects of Consumption Taxes on Real Exchange Rates and Trade Balances Caroline Freund and Joseph E. Gagnon

17- 6 Does Greece Need More Official Debt Relief? If So, How Much?

Jeromin Zettelmeyer, Eike Kreplin, and Ugo Panizza

POLICY BRIEFS

98-1 The Asian Financial Crisis

Morris Goldstein

98-2 The New Agenda with China

C. Fred Bergsten

98-3 Exchange Rates for the Dollar, Yen, and

Euro Simon Wren-Lewis

98-4 Sanctions-Happy USA

Gary Clyde Hufbauer

98-5 The Depressing News from Asia

Marcus Noland, Sherman Robinson, and Zhi Wang

98-6 The Transatlantic Economic Partnership Ellen L. Frost

98-7 A New Strategy for the Global Crisis

C. Fred Bergsten

98- 8 Reviving the “Asian Monetary Fund”

C. Fred Bergsten

99- 1 Implementing Japanese Recovery

Adam S. Posen

99-2 A Radical but Workable Restructuring Plan for South Korea Edward M. Graham

99-3 Crawling Bands or Monitoring Bands: How to Manage Exchange Rates in a World of Capital Mobility

John Williamson

99-4 Market Mechanisms to Reduce the Need for IMF Bailouts Catherine L. Mann

99-5 Steel Quotas: A Rigged Lottery Gary Clyde Hufbauer and Erika Wada

99-6 China and the World Trade Organization: An Economic Balance Sheet Daniel H. Rosen

99-7 Trade and Income Distribution: The

Debate and New Evidence William R. Cline

99-8 Preserve the Exchange Stabilization Fund C. Randall Henning

99-9 Nothing to Fear but Fear (of Inflation)

Itself Adam S. Posen

99-10 World Trade after Seattle: Implications for the United States Gary Clyde Hufbauer

00-1 The Next Trade Policy Battle

C. Fred Bergsten

00-2 Decision-Making in the WTO

Jeffrey J. Schott and Jayashree Watal

00-3 American Access to China's Market:

The Congressional Vote on PNTR Gary Clyde Hufbauer and Daniel H. Rosen 00-4 Third Oil Shock: Real or Imaginary?

Consequences and Policy Alternatives Philip K. Verleger, Jr.

00-5 The Role of the IMF: A Guide to the

Reports John Williamson

00-6 The ILO and Enforcement of Core Labor

Standards Kimberly Ann Elliott

00-7 “No” to Foreign Telecoms Equals “No” to the New Economy!

Gary Clyde Hufbauer and Edward M. Graham

01-1 Brunei: A Turning Point for APEC?

C. Fred Bergsten

01-2 A Prescription to Relieve Worker Anxiety Lori G. Kletzer and Robert E. Litan

01-3 The US Export-Import Bank: Time for an

Overhaul Gary Clyde Hufbauer

01-4 Japan 2001—Decisive Action or Financial

Panic Adam S. Posen

01-5 Fin(d)ing Our Way on Trade and Labor

Standards? Kimberly Ann Elliott

01-6 Prospects for Transatlantic Competition

Policy Mario Monti

01-7 The International Implications of Paying

Down the Debt Edwin M. Truman

01-8 Dealing with Labor and Environment Issues in Trade Promotion Legislation Kimberly Ann Elliott

01-9 Steel: Big Problems, Better Solutions Gary Clyde Hufbauer and Ben Goodrich

01-10 Economic Policy Following the Terrorist Attacks Martin Neil Baily

01-11 Using Sanctions to Fight Terrorism Gary Clyde Hufbauer, Jeffrey J. Schott, and Barbara Oegg

02-1 Time for a Grand Bargain in Steel? Gary Clyde Hufbauer and Ben Goodrich

02-2 Prospects for the World Economy: From Global Recession to Global Recovery Michael Mussa

02-3 Sovereign Debt Restructuring: New Articles, New Contracts—or No Change? Marcus Miller

02-4 Support the Ex-Im Bank: It Has Work to Do! Gary Clyde Hufbauer and

Ben Goodrich

02-5 The Looming Japanese Crisis

Adam S. Posen

02-6 Capital-Market Access: New Frontier in the Sanctions Debate Gary Clyde Hufbauer and Barbara Oegg

02-7 Is Brazil Next? John Williamson

02-8 Further Financial Services Liberalization in the Doha Round? Wendy Dobson

02-9 Global Economic Prospects

Michael Mussa

02-10 The Foreign Sales Corporation: Reaching the Last Act? Gary Clyde Hufbauer

03-1 Steel Policy: The Good, the Bad, and the

Ugly Gary Clyde Hufbauer and

Ben Goodrich

03-2 Global Economic Prospects: Through the Fog of Uncertainty Michael Mussa

03-3 Economic Leverage and the North Korean Nuclear Crisis

Kimberly Ann Elliott

03-4 The Impact of Economic Sanctions on US Trade: Andrew Rose's Gravity Model Gary Clyde Hufbauer and Barbara Oegg

03-5 Reforming OPIC for the 21st Century Theodore H. Moran and C. Fred Bergsten

03-6 The Strategic Importance of US-Korea Economic Relations Marcus Noland

03-7 Rules Against Earnings Stripping: Wrong Answer to Corporate Inversions Gary Clyde Hufbauer and Ariel Assa

03-8 More Pain, More Gain: Politics and Economics of Eliminating Tariffs Gary Clyde Hufbauer and Ben Goodrich 03-9 EU Accession and the Euro: Close

Together or Far Apart? Peter B. Kenen and Ellen E. Meade

03-10 Next Move in Steel: Revocation or Retaliation? Gary Clyde Hufbauer and Ben Goodrich

03-11 Globalization of IT Services and White Collar Jobs: The Next Wave of Productivity Growth Catherine L. Mann 04-1 This Far and No Farther? Nudging Agricultural Reform Forward

Tim Josling and Dale Hathaway

04-2 Labor Standards, Development, and

CAFTA Kimberly Ann Elliott

04-3 Senator Kerry on Corporate Tax Reform: Right Diagnosis, Wrong Prescription Gary Clyde Hufbauer and Paul Grieco

04-4 Islam, Globalization, and Economic Performance in the Middle East

Marcus Noland and Howard Pack

04-5 China Bashing 2004 Gary Clyde Hufbauer and Yee Wong

04-6 What Went Right in Japan Adam S. Posen 04-7 What Kind of Landing for the Chinese

Economy? Morris Goldstein and

Nicholas R. Lardy

05-1 A Currency Basket for East Asia, Not Just China John Williamson

05-2 After Argentina Anna Gelpern

05-3 Living with Global Imbalances: A

Contrarian View Richard N. Cooper

05-4 The Case for a New Plaza Agreement William R. Cline

06-1 The United States Needs German Economic Leadership Adam S. Posen 06-2 The Doha Round after Hong Kong

Gary Clyde Hufbauer and Jeffrey J. Schott

06-3 Russia’s Challenges as Chair of the G-8 Anders Aslund

06-4 Negotiating the Korea-United States Free Trade Agreemen Jeffrey J. Schott,

Scott C. Bradford, and Thomas Moll

06-5 Can Doha Still Deliver on the Development Agenda?

Kimberly Ann Elliott

06-6 China: Toward a Consumption Driven Growth Path Nicholas R. Lardy

06-7 Completing the Doha Round

Jeffrey J. Schott

06-8 Choosing Monetary Arrangements for

the 21st Century: Problems of a Small Economy John Williamson

06-9 Can America Still Compete or Does It Need a New Trade Paradigm?

Martin Neil Baily and Robert Z. Lawrence

07-1 The IMF Quota Formula: Linchpin of Fund Reform Richard N. Cooper and Edwin M. Truman

07-2 Toward a Free Trade Area of the Asia

Pacific C. Fred Bergsten

07-3 China and Economic Integration in East

Asia: Implications for the United States C. Fred Bergsten

07-4 Global Imbalances: Time for Action

Alan Ahearne, William R. Cline, Kyung Tae Lee, Yung Chul Park, Jean Pisani-Ferry, and John Williamson

07-5 American Trade Politics in 2007: Building Bipartisan Compromise

I. M. Destler

07-6 Sovereign Wealth Funds: The Need for Greater Transparency and Accountability Edwin M. Truman

07-7 The Korea-US Free Trade Agreement: A Summary Assessment Jeffrey J. Schott

07-8 The Case for Exchange Rate Flexibility in Oil-Exporting Economies Brad Setser

08-1 “Fear” and Offshoring: The Scope and Potential Impact of Imports and Exports of Services J. Bradford Jensen and

Lori G. Kletzer

08-2 Strengthening Trade Adjustment Assistance Howard F. Rosen

08-3 A Blueprint for Sovereign Wealth Fund Best Practices Edwin M. Truman

08-4 A Security and Peace Mechanism for Northeast Asia: The Economic

Dimension Stephan Haggard and

Marcus Noland

08-5 World Trade at Risk C. Fred Bergsten 08-6 North Korea on the Precipice of Famine

Stephan Haggard, Marcus Noland, and Erik Weeks

08-7 New Estimates of Fundamental Equilibrium Exchange Rates

William R. Cline and John Williamson

08-8 Financial Repression in China

Nicholas R. Lardy

09-1 Did Reagan Rule In Vain? A Closer Look at True Expenditure Levels in the United States and Europe Jacob Funk Kirkegaard

09-2 Buy American: Bad for Jobs, Worse for

Reputation Gary Clyde Hufbauer and Jeffrey J. Schott

09-3 A Green Global Recovery? Assessing US Economic Stimulus and the Prospects for International Coordination

Trevor Houser, Shashank Mohan, and Robert Heilmayr

09-4 Money for the Auto Industry: Consistent with WTO Rules? Claire Brunel and

Gary Clyde Hufbauer

09-5 The Future of the Chiang Mai Initiative: An Asian Monetary Fund?

C. Randall Henning

09-6 Pressing the “Reset Button” on US- Russia Relations Anders Aslund and

Andrew Kuchins

09-7 US Taxation of Multinational Corporations: What Makes Sense, What

Doesn't Gary Clyde Hufbauer and

Jisun Kim

09-8 Energy Efficiency in Buildings: A Global Economic Perspective Trevor Houser

09-9 The Alien Tort Statute of 1789: Time for

a Fresh Look Gary Clyde Hufbauer

09-10 2009 Estimates of Fundamental Equilibrium Exchange Rates

William R. Cline and John Williamson

09-11 Understanding Special Drawing Rights (SDRs) John Williamson

09-12 US Interests and the International

Monetary Fund C. Randall Henning

09-13 A Solution for Europe’s Banking

Problem Adam S. Posen and Nicolas Veron

09-14 China’s Changing Outbound Foreign Direct Investment Profile: Drivers and Policy Implication Daniel H. Rosen and Thilo Hanemann

09-15 India-Pakistan Trade: A Roadmap for Enhancing Economic Relations

Mohsin S. Khan

09-16 Pacific Asia and the Asia Pacific: The

Choices for APEC C. Fred Bergsten

09-17 The Economics of Energy Efficiency in

Buildings Trevor Houser

09-18 Setting the NAFTA Agenda on Climate

Change Jeffrey J. Schott and Meera Fickling

09-19 The 2008 Oil Price “Bubble”

Mohsin S. Khan

09-20 Why SDRs Could Rival the Dollar

John Williamson

09-21 The Future of the Dollar

Richard N. Cooper

09-22 The World Needs Further Monetary Ease, Not an Early Exit Joseph E. Gagnon

10- 1 The Winter of Their Discontent: Pyongyang Attacks the Market

Stephan Haggard and Marcus Noland

10- 2 Notes on Equilibrium Exchange Rates: William R. Cline and John Williamson

10- 3 Confronting Asset Bubbles, Too Big to Fail, and Beggar-thy-Neighbor Exchange Rate Policies Morris Goldstein

10- 4 After the Flop in Copenhagen

Gary Clyde Hufbauer and Jisun Kim

10- 5 Copenhagen, the Accord, and the Way

Forward Trevor Houser

10- 6 The Substitution Account as a First Step Toward Reform of the International Monetary System Peter B. Kenen

10- 7 The Sustainability of China‘s Recovery from the Global Recession

Nicholas R. Lardy

10- 8 New PPP-Based Estimates of Renminbi Undervaluation and Policy Implications Arvind Subramanian

10- 9 Protection by Stealth: Using the Tax Law to Discriminate against Foreign Insurance Companies

Gary Clyde Hufbauer

10- 10 Higher Taxes on US-Based Multinationals Would Hurt US Workers and Exports Gary Clyde Hufbauer and Theodore H. Moran

10- 11 A Trade Agenda for the G-20 Jeffrey J. Schott

10- 12 Assessing the American Power Act: The Economic, Employment, Energy Security and Environmental Impact of Senator Kerry and Senator Lieberman’s Discussion Draft Trevor Houser,

Shashank Mohan, and Ian Hoffman

10- 13 Hobbling Exports and Destroying Jobs Gary Clyde Hufbauer and Theodore H. Moran

10- 14 In Defense of Europe’s Grand Bargain Jacob Funk Kirkegaard

10- 15 Estimates of Fundamental Equilibrium Exchange Rates, May 2010

William R. Cline and John Williamson

10- 16 Deepening China-Taiwan Relations through the Economic Cooperation Framework Agreement Daniel H. Rosen and Zhi Wang

10- 17 Turning Back the Clock: Japan’s Misguided Postal Law is Back on the

Table Gary Clyde Hufbauer and Julia Muir

10- 18 Dealing with Volatile Capital Flows Olivier Jeanne

10- 19 Revisiting the NAFTA Agenda on Climate Change Jeffrey J. Schott and Meera Fickling

10- 20 Renminbi Undervaluation, China’s Surplus, and the US Trade Deficit William R. Cline

10-21 The Road to a Climate Change Agreement Runs Through Montreal Richard J. Smith

10-22 Not All Financial Regulation Is Global Stephane Rottier and Nicolas Veron

10-23 Prospects for Implementing the Korea US Free Trade Agreement Jeffrey J. Schott

10-24 The Central Banker’s Case for Doing

More Adam S. Posen

10-25 Will It Be Brussels, Berlin, or Financial Markets that Check Moral Hazard in Europe's Bailout Union? Most Likely the Latter! Jacob Funk Kirkegaard

10-26 Currency Wars? William R. Cline and

John Williamson

10-27 How Europe Can Muddle Through Its Crisis Jacob Funk Kirkegaard

10-28 KORUS FTA 2.0: Assessing the Changes Jeffrey J. Schott

10-29 Strengthening IMF Surveillance: A Comprehensive Proposal

Edwin M. Truman

10- 30 An Update on EU Financial Reforms

Nicolas Veron

11- 1 Getting Surplus Countries to Adjust

John Williamson

11- 2 Corporate Tax Reform for a New Century Gary Clyde Hufbauer and Woan Foong Wong

11- 3 The Elephant in the “Green Room”: China and the Doha Round

Aaditya Mattoo, Francis Ng, and Arvind Subramanian

11- 4 The Outlook for International Monetary System Reform in 2011: A Preliminary Report Card Edwin M. Truman

11- 5 Estimates of Fundamental Equilibrium Exchange Rates, May 2011

William R. Cline and John Williamson

11- 6 Revitalizing the Export-Import Bank Gary Clyde Hufbauer, Meera Fickling, and Woan Foong Wong

11- 7 Logistics Reform for Low-Value Shipments Gary Clyde Hufbauer and Yee Wong

11- 8 What Should the United States Do about Doha? Jeffrey J. Schott

11- 9 Lessons from the East European Financial Crisis, 2008-10 Anders Aslund

11- 10 America’s Energy Security Options Trevor Houser and Shashank Mohan

11- 11 Keeping the Promise of Global Accounting Standards Nicolas Veron

11- 12 Markets vs. Malthus: Food Security and the Global Economy Cullen S. Hendrix

11-13 Europe on the Brink Peter Boone and Simon Johnson

11- 14 IFSWF Report on Compliance with the Santiago Principles: Admirable but Flawed Transparency Sarah Bagnall and Edwin M. Truman

11- 15 Sustainability of Greek Public Debt William R. Cline

11- 16 US Tax Discrimination Against Large Corporations Should Be Discarded Gary Clyde Hufbauer and Martin Vieiro

11-17 Debt Relief for Egypt? John Williamson

and Mohsin Khan

11- 18 The Current Currency Situation

William R. Cline and John Williamson

11- 19 G-20 Reforms of the International Monetary System: An Evaluation Edwin M. Truman

11- 20 The United States Should Establish Normal Trade Relations with Russia Anders Aslund and Gary Clyde Hufbauer

11- 21 What Can and Cannot Be Done about

Rating Agencies Nicolas Veron

11- 22 Oil Exporters to the Euro’s Rescue?

Philip K. Verleger

12- 1 The Coming Resolution of the European

Crisis C. Fred Bergsten and

Jacob Funk Kirkegaard

12- 2 Japan Post: Retreat or Advance?

Gary Clyde Hufbauer and Julia Muir

12- 3 Another Shot at Protection by Stealth: Using the Tax Law to Penalize Foreign Insurance Companies

Gary Clyde Hufbauer

12- 4 The European Crisis Deepens Peter Boone and Simon Johnson

12- 5 Interest Rate Shock and Sustainability of Italy’s Sovereign Debt William R. Cline

12- 6 Using US Strategic Reserves to Moderate Potential Oil Price Increases from

Sanctions on Iran Philip K. Verleger, Jr.

12- 7 Projecting China’s Current Account Surplus William R. Cline

12- 8 Does Monetary Cooperation or Confrontation Lead to Successful Fiscal

Consolidation? Tomas Hellebrandt, Adam S. Posen, and Marilyne Tolle

12- 9 US Tire Tariffs: Saving Few Jobs at High Cost Gary Clyde Hufbauer and Sean Lowry

12- 10 Framework for the International Services

Agreement Gary Clyde Hufbauer,

J. Bradford Jensen, and Sherry Stephenson. Assisted by Julia Muir and Martin Vieiro

12- 11 Will the World Trade Organization Enjoy a Bright Future? Gary Clyde Hufbauer and Jeffrey J. Schott

12- 12 Japan Post: Anti-Reform Law Clouds Japan’s Entry to the Trans-Pacific Partnership Gary Clyde Hufbauer and Julia Muir

12- 13 Right Idea, Wrong Direction: Obama’s Corporate Tax Reform Proposals Gary Clyde Hufbauer and Martin Vieiro

12- 14 Estimates of Fundamental Equilibrium Exchange Rates, May 2012

William R. Cline and John Williamson

12- 15 Restoring Fiscal Equilibrium in the

United States William R. Cline

12- 16 The Trans-Pacific Partnership and Asia- Pacific Integration: Policy Implications Peter A. Petri and Michael G. Plummer

12- 17 Southern Europe Ignores Lessons from Latvia at Its Peril Anders Aslund

12- 18 The Coming Resolution of the European Crisis: An Update C. Fred Bergsten and Jacob Funk Kirkegaard

12- 19 Combating Widespread Currency Manipulation Joseph E. Gagnon

12- 20 Why a Breakup of the Euro Area Must Be Avoided: Lessons from Previous

Breakups Anders Aslund

12-21 How Can Trade Policy Help America

Compete? Robert Z. Lawrence

12-22 Hyperinflations Are Rare, but a Breakup of the Euro Area Could Prompt One Anders Aslund

12-23 Updated Estimates of Fundamental Equilibrium Exchange Rates

William R. Cline and John Williamson

12-24 Europe's Single Supervisory Mechanism and the Long Journey Towards Banking Union Nicolas Veron

12- 25 Currency Manipulation, the US

Economy, and the Global Economic Order C. Fred Bergsten and

Joseph E. Gagnon

13- 1 The World Needs a Multilateral

Investment Agreement Anders Aslund

13- 2 A Blueprint for Rebalancing the Chinese Economy Nicholas R. Lardy and

Nicholas Borst

13- 3 Debt Restructuring and Economic Prospects in Greece William R. Cline

13- 4 Reengineering EMU for an Uncertain OO

World Angel Ubide

13- 5 From Supervision to Resolution: Next Steps on the Road to European Banking Union Nicolas Veron and Guntram B. Wolff

13- 6 Liquefied Natural Gas Exports: An Opportunity for America

Gary Clyde Hufbauer, Allie E. Bagnall, and Julia Muir

13- 7 The Congress Should Support IMF Governance Reform to Help Stabilize the World Economy Edwin M. Truman

13- 8 Crafting a Transatlantic Trade and Investment Partnership: What Can Be Done Jeffrey J. Schott and Cathleen Cimino

13- 9 Corporate Taxation and US MNCs: Ensuring a Competitive Economy Gary Clyde Hufbauer and Martin Vieiro

13- 10 Four Changes to Trade Rules to Facilitate Climate Change Action Aaditya Mattoo and Arvind Subramanian

13- 11 Dealing with Cybersecurity Threats Posed by Globalized Information Technology Suppliers Theodore H. Moran

13- 12 Sovereign Damage Control Anna Gelpern

13- 13 Sizing Up US Export Disincentives for a New Generation of National-Security Export Controls J. David Richardson and Asha Sundaram

13- 14 Shadow Deposits as a Source of Financial Instability: Lessons from the American Experience for China Nicholas Borst

13- 15 Estimates of Fundamental Equilibrium Exchange Rates, May 2013

William R. Cline

13- 16 Preserving the Open Global Economic System: A Strategic Blueprint for China and the United States Arvind Subramanian

13- 17 A Realistic Bridge Towards European Banking Union Nicolas Veron

13- 18 Avoiding the “Resource Curse” in Mongolia Theodore H. Moran

13- 19 Progress on Sovereign Wealth Fund Transparency and Accountability: An Updated SWF Scoreboard

Allie E. Bagnall and Edwin M. Truman

13- 20 Role of Apprenticeships in Combating

Youth Unemployment in Europe and the

United States Natalia Aivazova

13- 21 Lehman Died, Bagehot Lives: Why Did the Fed and Treasury Let a Major Wall

Street Bank Fail? William R. Cline and

Joseph E. Gagnon

13- 22 Ukraine’s Choice: European Association Agreement or Eurasian Union?

Anders Aslund

13- 23 How to Form a More Perfect European

Banking Union Angel Ubide

13- 24 China’s Credit Boom: New Risks Require

New Reforms Nicholas Borst

13- 25 Governing the Federal Reserve System after the Dodd-Frank Act

Peter Conti-Brown and Simon Johnson

13- 26 Financial Services in the Transatlantic

Trade and Investment Partnership

Simon Johnson and Jeffrey J. Schott

13- 27 US Employment Deindustrialization:

Insights from History and the International Experience

Robert Z. Lawrence and Lawrence Edwards

13- 28 Stabilizing Properties of Flexible

Exchange Rates: Evidence from the

Global Financial Crisis Joseph E. Gagnon

13- 29 Estimates of Fundamental Equilibrium

Exchange Rates, November 2013

William R. Cline

13- 30 Five Challenges for Janet Yellen at the

Federal Reserve David J. Stockton

14- 1 Making Labor Market Reforms Work for

Everyone: Lessons from Germany

Jacob Funk Kirkegaard

14- 2 Addressing Currency Manipulation

Through Trade Agreements

C. Fred Bergsten

14- 3 Income Inequality Developments in the

Great Recession Tomas Hellebrandt

14- 4 Monetary Policy with Abundant Liquidity: A New Operating Framework for the Federal Reserve Joseph E. Gagnon and Brian Sack

14- 5 Is the European Central Bank Failing Its

Price Stability Mandate? Angel Ubide

14- 6 A Proposed Code to Discipline Local

Content Requirements Cathleen Cimino,

Gary Clyde Hufbauer, and Jeffrey J. Schott

14- 7 Rethinking the National Export Initiative

Caroline Freund

14- 8 Women, Sports, and Development: Does

It Pay to Let Girls Play? Barbara Kotschwar

14- 9 IMF Reform Is Waiting on the United

States Edwin M. Truman

14- 10 Wages and Labor Market Slack: Making the Dual Mandate Operational

David G. Blanchflower and Adam S. Posen

14- 11 Managing Myanmar’s Resource Boom to

Lock in Reforms Cullen S. Hendrix and

Marcus Noland

14- 12 Going Beyond Economic Engagement: Why South Korea Should Press the North on Labor Standards and Practices

Marcus Noland

14- 13 NAFTA at 20: Misleading Charges and Positive Achievements

Gary Clyde Hufbauer, Cathleen Cimino, and Tyler Moran

14- 14 What Should Surplus Germany Do?

Jacob Funk Kirkegaard

14- 15 Internationalization of the Renminbi: The Role of Trade Settlement

Joseph E. Gagnon and Kent Troutman

14- 16 Estimates of Fundamental Equilibrium Exchange Rates, May 2014

William R. Cline

14- 17 Alternatives to Currency Manipulation: What Switzerland, Singapore, and Hong Kong Can Do Joseph E. Gagnon

14- 18 The US Manufacturing Base: Four Signs of Strength Theodore H. Moran and

Lindsay Oldenski

14- 19 US Policies toward Liquefied Natural Gas and Oil Exports: An Update

Cathleen Cimino and Gary Clyde Hufbauer

14- 20 Debt Sanctions Can Help Ukraine and Fill a Gap in the International Financial System Anna Gelpern

14- 21 Is China's Property Market Heading toward Collapse? Li-Gang Liu

14- 22 Should Korea Join the Trans-Pacific Partnership? Jeffrey J. Schott and

Cathleen Cimino

14- 23 Why Bail-In Securities Are Fool’s Gold

Avinash D. Persaud

14- 24 An Economic Strategy to Save Ukraine Anders Aslund

14- 25 Estimates of Fundamental Equilibrium Exchange Rates, November 2014

William R. Cline

14- 26 Rapid Growth in Emerging Markets

and Developing Economies: Now and Forever? Giang Ho and Paolo Mauro

15- 1 What Next for the IMF? Edwin M. Truman

15- 2 Service Sector Reform in China

Ryan Rutkowski

15- 3 Japanese Investment in the United States: Superior Performance, Increasing Integration Theodore H. Moran and Lindsay Oldenski

15- 4 The True Levels of Government and Social Expenditures in Advanced Economies Jacob Funk Kirkegaard

15- 5 How Not to Regulate Insurance Markets: The Risks and Dangers of Solvency II Avinash Persaud

15- 6 From Rapid Recovery to Slowdown: Why Recent Economic Growth in Latin America Has Been Slow Jose De Gregorio

15- 7 Quantity Theory of Money Redux? Will Inflation Be the Legacy of Quantitative Easing? William R. Cline

15- 8 Estimates of Fundamental Equilibrium Exchange Rates, May 2015 William R. Cline

15- 9 Too Much Finance, or Statistical

Illusion? William R. Cline

15- 10 Gains from Harmonizing US and EU Auto Regulations under the Transatlantic Trade and Investment Partnership Caroline Freund and Sarah Oliver

15- 11 Hungary under Orban: Can Central Planning Revive Its Economy?

Simeon Djankov

15- 12 From Populist Destabilization to Reform and Possible Debt Relief in Greece

William R. Cline

15- 13 Korea and the TPP: The Inevitable

Partnership Jeffrey J. Schott

15- 14 Reshoring by US Firms: What Do the

Data Say? Lindsay Oldenski

15- 15 Fiscal Tightening and Economic Growth: Exploring Cross-Country Correlations Paolo Mauro and Jan Zilinsky

15- 16 Do Public Development Banks Hurt Growth? Evidence from Brazil

Monica de Bolle

15- 17 Chinese Investment and CFIUS: Time for an Updated (and Revised) Perspective Theodore H. Moran

15- 18 Russia’s Economy under Putin: From Crony Capitalism to State Capitalism Simeon Djankov

15- 19 Stability Bonds for the Euro Area Angel Ubide

15- 20 Estimates of Fundamental Equilibrium Exchange Rates, November 2015

William R. Cline

15- 21 World on the Move: The Changing Global Income Distribution and Its Implications for Consumption Patterns and Public Policies Tomas Hellebrandt and

Paolo Mauro

15- 22 Pitching a Level Playing Field: Women and Leadership in Sports

Barbara Kotschwar and Tyler Moran

15- 23 Toward a European Migration and

Mobility Union Jacob Funk Kirkegaard

15- 24 An Assessment of the Korea-China Free

Trade Agreement Jeffrey J. Schott,

Euijin Jung, and Cathleen Cimino-Isaacs

16- 1 The US Phillips Curve: Back to the 60s?

Olivier Blanchard

16- 2 The Case for Growth-Indexed Bonds in Advanced Economies Today Olivier Blanchard, Paolo Mauro, and Julien Acalin

16- 3 Breaking the Link between Housing Cycles, Banking Crises, and Recession Avinash Persaud

16- 4 Quantitative Easing: An Underappreciated Success Joseph E. Gagnon

16- 5 How Offshoring and Global Supply Chains Enhance the US Economy Theodore H. Moran and Lindsay Oldenski

16- 6 Estimates of Fundamental Equilibrium Exchange Rates, May 2016

William R. Cline

16- 7 Enhancing Export Opportunities for Small and Medium-Sized Enterprises

Caroline Freund, Gary Clyde Hufbauer, and Euijin Jung

16- 8 Implications of the Trans-Pacific Partnership for the World Trading

System Jeffrey J. Schott, Cathleen

Cimino-Isaacs, and Euijin Jung

16- 9 Converging on the Medal Stand: Rio 2016 Olympic Forecasts Marcus Noland

16- 10 Reducing Government Debt Ratios in an Era of Low Growth Paolo Mauro and

Jan Zilinsky

16- 11 Do DSGE Models Have a Future?

Olivier Blanchard

16- 12 The US-EU Privacy Shield Pact: A Work in Progress Gary Clyde Hufbauer and Euijin Jung

16-13 The IMF and Euro Area Crises: Review of a Report from the Independent Evaluation Office Edwin M. Truman

16-14 The State of Advanced Economies and Related Policy Debates: A Fall 2016

Assessment Olivier Blanchard

16-15 Increased Trade: A Key to Improving Productivity Gary Clyde Hufbauer and Zhiyao (Lucy) Lu

16-16 Apple's Tax Dispute With Europe and the Need for Reform Gary Clyde Hufbauer and Zhiyao (Lucy) Lu

16-17 What Does Measured FDI Actually

Measure? Olivier Blanchard and

Julien Acalin

16- 18 Uneven Progress on Sovereign Wealth Fund Transparency and Accountability Sarah E. Stone and Edwin M. Truman

16- 19 Systemic Implications of Problems at a Major European Bank William R. Cline

16- 20 Protectionism in the 2016 Election: Causes and Consequences, Truths and

Fictions Cullen S. Hendrix

16- 21 Making US Trade and Investment Policies Work for Global Development

Robert Z. Lawrence and Terra Lawson- Remer

16- 22 Estimates of Fundamental Equilibrium Exchange Rates, November 2016

William R. Cline

16- 23 The US Export-Import Bank Stimulates Exports Caroline Freund

16- 24 Should the United States Recognize

China as a Market Economy?

Chad P. Bown

17- 1 Management and Resolution of Banking

Crises: Lessons from Recent European Experience Patrick Honohan

17- 2 Lessons for US Business Tax Reform from International Tax Rates

Gary Clyde Hufbauer and Zhiyao (Lucy) Lu

17- 3 Border Tax Adjustments: Assessing Risks and Rewards Gary Clyde Hufbauer and

Zhiyao (Lucy) Lu

17- 4 The Ryan-Brady Cash Flow Tax: Disguised Protection, Exaggerated Revenue, and Increased Inequality William R. Cline

17- 5 Against the Wind: China’s Struggle to Integrate Wind Energy into Its National Grid Long Lam, Lee Branstetter, and Ines M. L. Azevedo

17- 6 Short-Run Effects of Lower Productivity Growth: A Twist on the Secular Stagnation Hypothesis

Olivier Blanchard, Guido Lorenzoni, and Jean Paul L'Huillier

17- 7 US Trade Policy Options in the Pacific Basin: Bigger Is Better Jeffrey J. Schott

17- 8 Making the Best of Brexit for the EU-27 Financial System Andre Sapir,

Dirk Schoenmaker, and Nicolas Veron

17- 9 The City of London after Brexit Simeon Djankov

17- 10 International Financial Cooperation Benefits the United States

Edwin M. Truman

17- 11 Will the Proposed US Border Tax Provoke WTO Retaliation from Trading Partners? Chad P. Bown