Jay Shambaugh quoted in Financial Times article, “Governments puzzle over how to unwind job protection schemes”

“US temporary job losses are declining, pushing the unemployment rate down from 14.7 per cent in April to 10.2 per cent in July. "But on both sides of the Atlantic, the improvements are showing worrying signs of petering out. “'This is slowly morphing into a long-term unemployment problem,' said Jay Shambaugh, a fellow at the Brookings Institution and former White House adviser, noting that 5 per cent of the US workforce had now been unemployed for more than 15 weeks..." Read [...]

2020-09-01T21:11:53-04:00August 20, 2020|Economy & Trade|

Jay Shambaugh quoted in Slate article, “The Extremely Boring Idea That Could Save the Economy”

"We could have avoided this nationwide facepalm if unemployment benefits were designed to rise and fall with the health of the economy, in the first place. 'Automatic stabilizers prevent you from cutting off things too soon,' George Washington University professor Jay Shambaugh, who co-edited Recession Ready, and served on Obama’s Council of Economic Advisers, told me. 'The idea that the unemployment rate is higher than at any point in the Great Recession and we’re about to pull support from the economy—that’s [...]

2020-08-07T08:24:12-04:00July 31, 2020|Economy & Trade|

Jay Shambaugh writes with Wendy Edelberg for Brookings’ The Hamilton Project: “How the Pandemic Is Changing the Economy”

"The COVID-19 public health crisis, the economic shock triggered by the pandemic, and public policy, business, and individual responses to the pandemic together have provoked the sharpest and fastest economic downturn in U.S. history. Both the pandemic and the fiscal policy response have ebbed and flowed, and the economy remains fragile. Wendy Edelberg and Jay Shambaugh discuss how the current crisis fits into historic context and what will be the long-lasting economic consequences. In particular, policymakers will need to address increasing [...]

2020-08-01T12:07:11-04:00July 17, 2020|Economy & Trade|

Liz Rosenberg quoted in Lawfare article, “What Britain’s New Sanctions Reveal About U.S.-U.K. Relations”

"There is a considerable amount of convergence between Britain’s 49 designations on July 6 and the U.S. sanctions list. Indeed, the vast majority of individuals that Britain sanctioned pursuant to its 2018 Magnitsky Act already appear on the U.S. 'specially-designated nationals' list—effectively a blacklist of persons and entities with whom any business is prohibited—and for the same reasons. For example, all 25 Russian individuals sanctioned by Britain for their involvement in the killing of Magnitsky, who died in police custody after [...]

2020-08-01T08:49:32-04:00July 17, 2020|Economy & Trade|

Meghan O’Sullivan quoted in S&P Global article, “Economists Wonder: Did COVID-19 Accelerate Timeline for Peak Oil Demand?”

"'We see a real absence of international cooperation during this moment of global crisis,' Meghan O'Sullivan, an international affairs professor at Harvard University's Kennedy School of Government said May 20, pointing to early efforts by wealthy countries to procure vaccine manufacturing for the benefit of their own citizens. 'But then we see more conventional manifestations of nationalism: Doubling down on calls to reshore manufacturing, growing talk about protectionist measures, a lot of talk in the United States about the use of [...]

2020-06-12T14:52:40-04:00June 8, 2020|Economy & Trade|

Julie Smith and Meghan O’Sullivan in conversation on the Post-Pandemic Order podcast

"On this week’s episode of Post Pandemic Order, host Julie Smith discusses the coronavirus and disruptions in the global energy market with Meghan O’Sullivan the Jeane Kirkpatrick Professor of the Practice of International Affairs at the Harvard Kennedy School where she also directs the Geopolitics of Energy Project. "The insight-packed 20 minute conversation dives into the pandemic’s effect on energy trends, the international energy transition, the state of international cooperation on energy issues, and much more..." Listen to the full episode [...]

2020-06-05T13:48:03-04:00May 28, 2020|Economy & Trade|

Elizabeth Rosenberg quoted in The Guardian article, “Australian Government Asks China for Same Reduction in Trade Barriers as US”

"Elizabeth Rosenberg, a senior fellow at the Center for a New American Security, cited the barley issue as an example of 'this sort of push-and-pull by China to try and apply friction to the already tenuous relationship the United States has with many allies and partners...'" Read the full article here: Full Article

2020-05-29T13:21:09-04:00May 28, 2020|Economy & Trade|
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