Mistaken identities make for bad trade policy by Maurice Obstfeld published by PIIE (12/2024) Election season debates over trade policy have brought renewed attention to the United States’ longstanding deficit in foreign trade. Critics from both the right and left…
The Euro Area Needs a Fiscal Union by Helge Berger, Giovanni Dell’Ariccia, and Maurice Obstfeld published by IMF Blog (2/2018). “The euro area is experiencing a robust recovery, but the architecture supporting Europe’s currency union remains incomplete and leaves the region vulnerable…
Economic Policy for a Pandemic Age How the World Must Prepare by Monica de Bolle, Maurice Obstfeld, and Adam S. Posen (editors) published by PIIE (4/2021). “The global health and economic threats from the COVID-19 pandemic are not yet…
Trilemma redux: New evidence from emerging market economies by Maurice Obstfeld, Jonathan D. Ostry, Mahvash S. Qureshi published by VOXEU (8/2017). “The synchronous rise and fall of cross-border capital flows, domestic credit, and asset prices across countries has raised…
Macroeconomic management when policy space is constrained: a comprehensive, consistent and coordinated approach to economic policy by Vitor Gaspar, Maurice Obstfeld, Ratna Sahay and Douglas Laxton published by IMF (9/2016). “…The finding of this paper indicate that policy coordination…