Peterson Institute @PIIE Twitter profile

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Peterson Institute

15 days

Our Annual Report is here! Read about the Peterson Institute’s work last year on inflation, trade & supply chains, Russia’s war on Ukraine & sanctions, the Chinese economy, decarbonization, & more:

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Peterson Institute

@PIIE

5 years

#ICYMI : Trump's trade war has dragged on for a while now. We've tracked all the developments in our Trade War Timeline.

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@PIIE

5 years

There's been a lot going on in the trade war with China. We've been tracking all the drama with our Trade War Timeline:

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@PIIE

6 years

1/ We want to respond to @SecretaryRoss interview about steel and aluminum tariffs with @ErinBurnett on @CNN and to some claims he made about us @PIIE .

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@PIIE

5 years

Trump HAS gotten China to lower its tariffs...on everyone else. China has increased tariffs on US exports to an average 20.7%. But China has also *reduced* tariffs on competing products imported from everyone else to an average of only 6.7%.

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@PIIE

4 years

|￣￣￣￣￣￣￣￣￣￣￣| | Breathe, check facts | | before sharing info, & | | care of yourself | |＿___＿＿＿＿＿＿＿＿| \ (•◡•) / \ / --- | |

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Peterson Institute

@PIIE

2 years

the economist urge to ask a question that's more of a comment

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@PIIE

5 years

US special protection covers 50.6% of all US imports from China. If Trump follows through on his latest threat of 25% tariffs on $300 billion of imports, US special protection will cover *96.7%* of US imports from China. By @ChadBown & @EvaYZhang :

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Peterson Institute

@PIIE

4 years

Trump’s tariffs resulted in a sharp decline in US imports from China of many of critical medical products needed to fight #COVID19 between 2017 and 2019.

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Peterson Institute

@PIIE

5 years

Whatever President Trump may have said about guarding national security or creating steel jobs, the tariffs were never about military strength or American workers. Their purpose was to enrich steel firms. They succeeded—but at an exorbitant price.

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Peterson Institute

@PIIE

6 years

New PIIE analysis shows if Trump moves forward with his proposed tariffs on imported autos and parts, 195,000 US workers would lose their jobs and the American auto industry would shed nearly 2% of its workforce.

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Peterson Institute

@PIIE

2 years

. @ChadBown finds China bought none of the extra $200 billion of US exports in Trump's "historical" Phase One trade deal. Learn why here:

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Peterson Institute

@PIIE

3 years

How it started How it's going

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Peterson Institute

@PIIE

11 months

In comparison to the US & eurozone, @AdamPosen says the UK is suffering the additional problems of Brexit, a loss of credibility of economic governance, & the legacy of under-investment in public health & transport services. “It’s not good."

Britain’s economic malaise

With inflation stubbornly high, interest rates are likely to go up even further. Some investors fear long-term stagnation

www.ft.com

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Peterson Institute

@PIIE

5 years

Since the start of President Trump's trade war, China has retaliated against US tariffs by raising tariffs on US goods. Less well known is that China has also been lowering rates for everyone else. #PIIECharts

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Peterson Institute

@PIIE

7 years

Trump said Democrats have given us “some of the worst trade deals in World History.” But… #PIIECharts

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Peterson Institute

@PIIE

6 years

Trump’s policy of economic nationalism has made the United States less attractive for long-term business commitments. By @AdamPosen

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Peterson Institute

@PIIE

6 years

NEW: Globalization has been a big topic in the news lately. But what IS globalization? How does it actually affect American businesses, workers, and consumers? Find out in our guide that explains all sides of this complicated topic.

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Peterson Institute

@PIIE

1 year

The idea that making everything domestically builds resiliency is what @AdamPosen calls "the fallacy of self-sufficiency" & it has repeatedly been disproven. It is having diversified supply chains—including geographically—that builds resilience. Read more:

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Peterson Institute

@PIIE

6 years

12/ @PIIE strives to provide rigorous, intellectually honest, nonpartisan research. We post our data so results can be replicated. We maintain independence from funders, who are disclosed & have no say in results. Happy to stand on our record & debate @SecretaryRoss on the facts.

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Peterson Institute

@PIIE

3 years

We are excited to announce Cecilia Malmström ( @MalmstromEU ) is joining the Peterson Institute as a Nonresident Senior Fellow! Cecilia will also be a host of our virtual discussion series Trade Winds. Welcome Cecilia! 🎉 📈

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Peterson Institute

@PIIE

5 years

Trade wars are not zero-sum games...and the markets show why 👀 👇

Chris Collins

@chrisgcollins1

5 years

Here is the market response. US & Chinese stocks tend to move in the same direction following @realDonaldTrump ’s China-trade-related tweets, suggesting the trade war is not zero-sum (good for US, bad for China) @ojblanchard1 @PIIE

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Peterson Institute

@PIIE

6 years

2/ Here is the PIIE study @ErinBurnett referenced on @CNN showing that a past US tariff on Chinese tires saved 1,200 jobs, but cost 3,700 retail jobs. US consumers paid $900,000 per job saved. Data calculations available for replication.

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Peterson Institute

@PIIE

3 years

International economic policymaking is complicated. To help you understand, we put together this (noncomprehensive) map showing the relationship between some US & EU government bodies & international institutions. Details & glossary:

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Peterson Institute

@PIIE

5 years

We know you've been waiting for it, #EconTwitter , and here it is: Larry Summers, Emmanuel Saez, and Greg Mankiw discussing wealth taxes. #Inequality2019

Would a “Wealth Tax” Help Combat Inequality? A Debate with Saez,...

(Full session) Emmanuel Saez, a leading architect of the “wealth tax” plans advocated by Senators Elizabeth Warren and Bernie Sanders, outlined his proposals...

www.youtube.com

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Peterson Institute

@PIIE

2 years

The global semiconductor production system is complex, integrated, & difficult to disentangle. Each of the five major global semiconductor producers—China, South Korea, Japan, Taiwan, & the US—is also a large chip importer. #PIIECharts Learn more:

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Peterson Institute

@PIIE

5 years

The drop in federal R&D funding is one of the key drivers behind declines in US productivity growth, @baselinescene tells @WSJ . Overall federal R&D spending, at 0.7% of GDP, is roughly half what it was in the mid-1980s.

U.S. Government Urged to Boost Technology R&D

The federal government needs to do more to support the development of innovative technology as U.S. productivity falls and foreign tech hubs gain clout, researchers at the Massachusetts Institute of...

www.wsj.com

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Peterson Institute

@PIIE

6 years

3/ WTO rules allow tariffs in select cases. US protections already exist for steel—it’s why only 3% of US steel imports are from China. The new tariffs will raise costs for US auto, other manufacturers, where 40x more Americans work than in steel mills.

US Steel Is Already Highly Protected from Imports

www.piie.com

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@PIIE

6 years

4/ Tariffs are no free lunch. US will lose market share in autos and manufactures, raise prices for our consumers, and other countries may retaliate, destroying other jobs. Instead, the US should mobilize allies to pressure China to reform.

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Peterson Institute

@PIIE

7 years

There is no economic upside to Brexit, says @AdamPosen . Hear more of his views on the deal: #Brexit

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@PIIE

6 years

7/ Bigger question: Why is Trump Admin using bilateral surpluses as measure of success? Normal in trade to have deficits w/ some countries. Trade deficits go up in good economic times. Mexico’s surplus in ’94-’95 grew as its economy crashed. Not worth it.

Three Ways to Reduce a Trade Deficit

President Trump hates the US trade deficit, and he has made eliminating or reducing large bilateral trade deficits the centerpiece of his trade policies. He thinks that deficits mean the United...

www.piie.com

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Peterson Institute

@PIIE

6 years

10) He did say that @PIIE , we are “dyed in the wool free traders.” That much is true. And we are proud of it. #dyedinthewoolfreetrader because it works.

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Peterson Institute

@PIIE

6 years

6/ But we got main forecast right. US gains big on net from #NAFTA from growing two-way trade. N. America more competitive globally. Auto sector gained from regional supply chains, agriculture grew, migration fell, Mexican energy sector developed.

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Peterson Institute

@PIIE

4 years

Good morning Twitter. Remember that an annualized rate means the economy would be growing by 33.1% if it was growing at the same rate for four quarters. But since that's not happening, the 2020 Q3 economy grew by about 7.4% compared to 2020 Q2.

BEA News

@BEA_News

4 years

The U.S. economy grew at an annual rate of 33.1% in Q3.

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@PIIE

4 years

With respect, Senator Hawley, the claims you made in the original op-ed and in this thread are misleading. The WTO isn’t perfect, but there are lots of ways to make the global trading system better without abandoning the system entirely. Our own thread...

Josh Hawley

@HawleyMO

4 years

THREAD/ A few points in response. 1. My basic claim is that to confront #China economic imperialism & protect American security & Econ interests, the international system must be reformed. That includes the global economic system.

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Peterson Institute

@PIIE

3 years

JUST IN: @jasonfurman & Wilson Powell III calculate the realistic unemployment rate is 8.2%, higher than the official figure of 6.2%.

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@PIIE

3 years

NEW: Economic inequality is bad. This just-published feature explains what drives inequality & how government policy left millions vulnerable to COVID-19, but also how policy, done right, can mitigate the growing gap between the rich & the poor.

How to Fix Economic Inequality?

An in-depth look at the rise of inequality in high-income countries, how policy failures left millions vulnerable to the COVID-19 pandemic, and solutions for more equitable societies via @PIIE.

www.piie.com

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@PIIE

2 years

. @AdamPosen responded to a letter from @SenWarren , writing that "leaving the post of Vice Chair for Supervision unoccupied presents real & present risks to financial stability & therefore the economic well-being of all Americans." 👇

Adam Posen

@AdamPosen

2 years

Economic Experts: Rapid Confirmation of Fed Vice Chair for Supervision is Key to Preserving Financial Stability I am one of those. Given high inflation, rising rates, Russian threats, and fintech, delaying the appointment puts the US economy in danger

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@PIIE

5 years

Americans’ misplaced optimism about social mobility makes them less likely to support tax and spending programs to help the poor, @S_Stantcheva finds. Watch here:

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@PIIE

6 years

10/ Since WWII, US has led global rules-based economic system that’s fostered prosperity, prevented trade wars, let alone military conflict. Study after study shows the benefits of the system for all parties. The US is leader with benefits, not victim.

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@PIIE

2 years

Brazils social programs in next year’s budget have been slashed because cash is being diverted to Bolsonaro’s allies, @bollemdb says.

Bolsonaro’s campaign relies on ‘secret budget’ payoffs to win Brazil’s election

The government slush fund, which amounts to about one-fifth of the entire discretionary spending budget, has little or no oversight

www.theguardian.com

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@PIIE

6 years

11/ Technology far bigger factor than trade in which jobs are created/lost, so must prepare ALL workers for the future—not just give handouts to special interests. Investment, retraining, tax credits will help workers succeed. 95% of world’s potential customers live outside US.

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@PIIE

4 years

|￣￣￣￣￣￣￣￣| | US withdrawal | | from the WTO | | would be | | a mistake | | ＿＿＿＿＿_____| (\__/) || (•ㅅ•) || / づ

All Roads to a Better Trade Deal Lead Through the WTO

In Washington, efforts to withdraw from the trade body are gaining momentum. That would be a big mistake.

foreignpolicy.com

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@PIIE

3 years

WEDNESDAY: Dr. Agustín Carstens, general manager of @BIS_org , speaks on next steps for central bank digital currencies ( #CBDC ) & what they could mean for users & financial institutions. Register here: More macroeconomic events here:

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@PIIE

6 years

5/ Yes, PIIE forecast for trade surplus following #NAFTA was wrong because we did not foresee collapse in Mexican investment/growth in ‘94-95. Was mistake to try to precisely forecast that or net job creation. We learned from our analytical mistakes 25 years ago.

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@PIIE

1 year

Lula must be able to count on the international community to condemn the actors & organizations behind these crimes against democracy & impose international sanctions targeting individuals and corporations to deter future disruptions. By @bollemdb :

Brazil faces lingering damage from its insurrection

The insurrection supporting far-right former president Jair Bolsonaro in Brazil was put down within a day on January 9, and more than a thousand protesters have been detained. But the dangers of more...

www.piie.com

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Peterson Institute

@PIIE

3 years

"To paraphrase Benjamin Franklin, we must all hang together, or the virus will hang us all separately." By @bollemdb :

Novel viral variants: Why the world should prepare for chronic pandemics

Even with the alarming spread of variants of SARS-CoV-2, the virus that causes COVID-19 (short for coronavirus disease 2019), most economists, most policymakers, and perhaps most people have been a...

www.piie.com

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@PIIE

2 years

what if correlation does equal causation

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@PIIE

3 years

Rich, vaccine-manufacturing countries are deluding themselves if they think they can wipe out COVID-19 at home & speed economic recoveries while the pandemic rages elsewhere, especially in developing economies, @ChadBown , @bollemdb & Maurice Obstfeld write.

The pandemic is not under control anywhere unless it is controlled everywhere

Having largely cornered global supplies of COVID-19 vaccines, countries in Europe are clashing with one another over hoarding their doses, while sending poor countries to the back of the line. Yet,...

www.piie.com

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@PIIE

2 years

Abenomics has been a revolutionary policy, @AdamPosen says. "Mr. Abe was able to demonstrate that a democratically elected leader could take on special interests, look to the long term instead of just reacting to the short term, & still get reelected."

Japan economy changed course with Abe's policy: U.S. economists

'Abenomics' remebered for stemming deflation spiral and promoting women's role

asia.nikkei.com

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@PIIE

5 years

President Trump has praised tariffs as a “great revenue producer for the US government. In reality, tariff revenue has not been a major source of government revenue since 1914. #PIIECharts

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@PIIE

4 years

Tariffs are taxes. #VPDebate

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@PIIE

6 months

New Chinese data imply that foreign firms operating in China are not only declining to reinvest their earnings but—for the first time ever—they are large net sellers of their existing investments to Chinese companies & repatriating the funds. Read here:

Foreign direct investment is exiting China, new data show

Taking time away from his tense meeting with President Joseph R.

www.piie.com

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@PIIE

2 years

Many economists have opinions about the "Washington Consensus"—it raises red flags to some while providing enduring wisdom to others. So what is it? A list of 10 policy recommendations from John Williamson that took on a life of its own. Learn more here:

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@PIIE

4 years

“There’s no real dynamism in consumption, investment, or on the external side, and government spending has collapsed too. So where’s the growth going to come from?” asks @bollemdb of Brazil.

Brazil economic stars align, turning 2020 into 'make or break' year

Conditions for buoyant economic growth in Brazil have rarely, if ever, been better, making 2020 a "make-or-break" year for Latin America's largest and long underachieving economy.

www.reuters.com

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@PIIE

3 years

In 1960, South Korea’s exports were ~1% of GDP & the country’s ability to import depended mostly on US aid. After changing its foreign exchange & trade policies in the mid-1960s, Korea saw a surge in exports to more than 10% of GDP by the end of the decade.

From hermit kingdom to miracle on the Han

In 1960, South Korea’s exports were about 1 percent of GDP, and the country’s ability to import depended almost entirely on US aid. After changing its foreign exchange and trade policies in the...

www.piie.com

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@PIIE

4 years

Even with the phase one deal, US tariffs on imports from China are more than six times what they were before the trade war started in 2018. #PIIECharts

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@PIIE

4 years

Committee members have been comparing federal deficits with household debt. Dr. Blanchard says public debt plays a macrostabilization role in the economy that private debt does not, so comparing public debt with private, whether that is consumer or business, is not applicable.

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@PIIE

3 years

It is our honor to announce the Government of Japan has bestowed the Imperial Decoration the Order of the Rising Sun, Gold Rays with Neck Ribbon upon PIIE President @AdamPosen . Read the full press release here:

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@PIIE

3 years

Since 1980, the pretax income of the bottom half of workers in European countries has grown by 37%. For the bottom half of Americans, pretax income has risen only 3%. Learn more about economic inequality & how to fix it:

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@PIIE

7 years

The world's billionaires and how they made their money | Based on research by PIIE's @CarolineFreund

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@PIIE

1 year

Lula must be able to count on the international community to condemn the actors & organizations behind these crimes against democracy & impose international sanctions targeting individuals and corporations to deter future disruptions. By @bollemdb :

Brazil faces lingering damage from its insurrection

The insurrection supporting far-right former president Jair Bolsonaro in Brazil was put down within a day on January 9, and more than a thousand protesters have been detained. But the dangers of more...

www.piie.com

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Peterson Institute

@PIIE

6 years

8/ Trade balance depends on larger factors like gov’t spending/tax cuts & exchange rates, not tariffs or FTAs. Even President’s 2018 @WhiteHouseCEA report says no evidence tariffs reduce trade deficits. Also, consider how FTAs aid and align allies for US national security.

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@PIIE

2 years

We are pleased to announce Mary E. Lovely, PIIE senior fellow since 2017 & leading scholar in international trade & investment & on China's emergence into the global economy, has been named the Institute's next Anthony M. Solomon Senior Fellow 🎉 Details:

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@PIIE

4 years

Market-friendly reforms Brazilian President Bolsonaro & Economy Minister Guedes want are the opposite of what the government should focus on for the foreseeable future, @bollemdb says. Instead, they should be getting resources to those who most need them.

Brazil leaves its many poor hanging amid coronavirus surge

RIO DE JANEIRO (AP) — Work had already dried up for Ivanilson Gervásio when the coronavirus first emerged in Brazil in late February.

apnews.com

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@PIIE

2 years

. @ojblanchard1 & @GitaGopinath discuss Tuesday the IMF policy change on allowing countries to use capital flow management preemptively to reduce financial stability risks as & consider the future of Fund's work on the integrated policy framework. Register:

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@PIIE

1 year

TOMORROW: @GitaGopinath gives a keynote speech at a joint PIIE- @IMFNews event on rethinking fiscal policy. Details, agenda, & register for the conference here:

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@PIIE

3 years

All of the world’s advanced economies rely more on taxes than spending to reduce inequality. The US has the least progressive tax system but spends near the average amount on social programs. Learn about economic inequality & how governments can fix it:

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@PIIE

3 years

JUST IN from @jasonfurman : Decomposing the decline in the labor force participation rate finds that roughly half of it is consistent with the aging of the population & continued economic weakness. As for the other half, as he says... ¯\_(ツ)_/¯

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@PIIE

7 years

Trump said Democrats have given us “some of the worst trade deals in World History.” But… #PIIECharts

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@PIIE

1 year

The idea that making everything domestically builds resiliency is what @AdamPosen calls "the fallacy of self-sufficiency" & it has repeatedly been disproven. It is having diversified supply chains—including geographically—that builds resilience. Read more:

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@PIIE

6 years

9) No clue what @SecretaryRoss referring to on claims @PIIE got forecasts wrong on KORUS or China. We argued for the real benefits of having China subject to WTO rules and S. Korea-US trade growing, which both proved right.

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@PIIE

3 years

The Gini coefficient measures how equally income is distributed in a society, where 0 = perfectly equal, 1 = all income goes to 1 person. Between 1985-2013, the Gini coefficient moved closer to 1—more unequal—in most high-income countries. How to fix this:

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@PIIE

2 years

THREAD: The US employment report for June continues to show a strong labor market consistent with a strong economy with moderating inflationary pressures. 372k jobs were added in June. @jasonfurman explores. Follow along 👇 (1/11)

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@PIIE

5 years

If the Trump administration succeeds in bilateral trade negotiations with Japan, the end result will be the same as what could have been accomplished by US membership in the #TPP .

Trump’s Japan Agenda Shows the Pitfalls of His Trade Strategy

President Trump’s insistence on negotiating one-on-one trade deals, rather than plurilateral or multilateral agreements with many countries, has produced a proposed new accord with Japan. Trump...

www.piie.com

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@PIIE

4 years

“All of us in academia, we said ‘YouTube? Not us!’ Public intellectuals don’t do YouTube,” @bollemdb said. But she started doing daily videos explaining #COVID19 economics & basic economics, & saw her viewership balloon from around 5k subscribers to 60k.

Bolsonaro’s Brazil Breeds Internet Pundits

Awash in crisis, one of the world’s most connected nations is birthing a new breed of political influencers.

www.bloomberg.com

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@PIIE

5 years

@HBoushey @SandyDarity @hshierholz What happened to the American dream? David Ellwood of @Harvard is exploring at #Inequality2019 . Watch:

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@PIIE

5 years

Total US imports from China are up 6% from 2017, while US exports to China are down 5%. The global US goods trade deficit is up 10% from last year, with China’s share of the deficit remaining constant. Follow #PIIECharts for more data like this.

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@PIIE

2 years

If inflation does not return quickly to the 2% target, central banks should not deliberately push economies below potential & risk recession to return to 2%. Instead, they should correct the mistake of 25 years ago & raise targets moderately above 2%.

25 years of excess unemployment in advanced economies: Lessons for monetary policy

For about 25 years before the COVID-19 pandemic, inflation was very low and stable in most advanced economies. A little noticed dark side of this impressive achievement is that unemployment rates...

www.piie.com

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@PIIE

5 years

If the current rate of deforestation is maintained over the next few years, the Amazon would be dangerously close to the estimated “tipping point” as soon as 2021—when the rainforest can no longer generate enough rain to sustain itself, @bollemdb estimates. #PIIECharts

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5 years

Previous efforts by Brazil's government and the international community helped reduce the rate of deforestation. That progress is being hindered by Brazil's President Jair Bolsonaro, who took office in January. #PIIECharts

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@PIIE

6 years

“We don't buy steel and aluminum from China. We buy it from our allies," says @ChadBown . Includes data from his research.

Analysis | Trump has officially put more tariffs on U.S. allies than on China

Most experts and lawmakers agree that China doesn't play fairly and needs to be punished, and even many Republicans have panned Trump's misplaced targets.

www.washingtonpost.com

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@PIIE

7 years

Trump's use of an old trade law from 1974 might have severe pitfalls if used today explains @ChadBown

Rogue 301: Trump to Dust Off another Outdated US Trade Law?

The Trump administration stands once again at the precipice of triggering another US trade law from the Cold War.

www.piie.com

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@PIIE

2 years

Chinese exports to Russia have fallen by 38% from the second half of last year, despite President Xi Jinping's promise of "no limits" in his country's cooperation with President Vladimir Putin's regime. @ChorzempaMartin explores:

Export controls against Russia are working—with the help of China

The economic sanctions targeting Russia after its invasion of Ukraine have been described as an effort to permanently weaken its ability to make war. Russia is vulnerable to export restrictions on...

www.piie.com

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@PIIE

5 years

Americans are overly optimistic about economic mobility, or really, their chance at fulfilling the "American Dream." The idea that Americans have about the American Dream was probably true in the past, but not anymore. Learn more from @S_Stantcheva :

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@PIIE

7 years

Did #globalization really fail US workers? @CarolineFreund revisits @BrankoMilan 's 'elephant chart' of #inequality

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@PIIE

3 years

The Gini coefficient measures how equally income is distributed in a society, where 0 = perfectly equal, 1 = all income goes to 1 person. Between 1985-2013, the Gini coefficient moved closer to 1—more unequal—in most high-income countries. How to fix this:

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Peterson Institute

@PIIE

3 years

The global economy is poised for a substantial pickup in economic activity for the rest of this year and next year, although different policy responses, rates of vaccination, and underlying factors mean that growth will vary considerably across countries. #PIIECharts

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Peterson Institute

@PIIE

3 years

JUST IN: @jasonfurman finds that if jobs growth continues at this rate, it would take until May 2022 to gain 10 million more jobs—where we would be if there had been no pandemic.

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Peterson Institute

@PIIE

1 year

NEW: Lula must be able to count on the international community to condemn the actors & organizations behind these crimes against democracy & impose international sanctions targeting individuals and corporations to deter future disruptions, writes @bollemdb :

Brazil faces lingering damage from its insurrection

The insurrection supporting far-right former president Jair Bolsonaro in Brazil was put down within a day on January 9, and more than a thousand protesters have been detained. But the dangers of more...

www.piie.com

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Peterson Institute

@PIIE

3 years

In the interest of their own citizens’ health, rich countries must invest to scale up global vaccine production and distribution capacity that can respond flexibly to emerging threats. By @bollemdb , @ChadBown , & Maurice Obstfeld:

The pandemic is not under control anywhere unless it is controlled everywhere

Having largely cornered global supplies of COVID-19 vaccines, countries in Europe are clashing with one another over hoarding their doses, while sending poor countries to the back of the line. Yet,...

www.piie.com

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Peterson Institute

@PIIE

1 year

Lula must be able to count on the international community to condemn the actors & organizations behind these crimes against democracy & impose international sanctions targeting individuals and corporations to deter future disruptions. By @bollemdb :

Brazil faces lingering damage from its insurrection

The insurrection supporting far-right former president Jair Bolsonaro in Brazil was put down within a day on January 9, and more than a thousand protesters have been detained. But the dangers of more...

www.piie.com

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Peterson Institute

@PIIE

2 years

economics

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Peterson Institute

@PIIE

2 years

. @D_A_Irwin examines how the world economy has evolved over the past 40 years & finds globalization is not a zero-sum game. The vast economic gains made by poor countries in the past few decades have not come at the expense of advanced economies. Explore:

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Peterson Institute

@PIIE

3 years

Many want to believe that vaccines mean the pandemic is over. This is unrealistic, especially as variants of concern & vaccine inequity emerge. So how should economic policy change if COVID-19 or other pandemics are persistent or recurring? We answer:

Economic Policy for a Pandemic Age: How the World Must Prepare

The global health and economic threats from the COVID-19 pandemic are not yet behind us.

www.piie.com

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Peterson Institute

@PIIE

3 years

Part 1 of #EconomicPolicyPandemicAge just finished! You can watch the presentations, find materials, & read authors chapters of our PIIE Briefing here:

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Peterson Institute

@PIIE

6 years

. @AdamPosen calls Trump's tariffs on steel & aluminum "straight up stupid" because they help very few people at the expense of hurting military allies, consumers, and the rest of the industries that rely on those imports--all without directly hitting China. From @CNBC

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Peterson Institute

@PIIE

5 years

Despite the Trump administration’s penalty tariffs on China, the US goods trade deficit with the country is 10 percent higher than it was in 2017, projected to reach $413 billion in 2018. Follow #PIIECharts for more data like this.

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Peterson Institute

@PIIE

3 years

For the fifth year in a row, we are honored to win @prospect_uk 's Prospect Think Tank award in Economic & Financial Affairs! 🎉 We are proud of our work and look forward to continuing to bring you the best in international economic research.

Prospect

@prospect_uk

3 years

The Economic & Financial Affairs award winner: @PIIE

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Peterson Institute

@PIIE

3 years

An environment of low interest rates makes it easier to pay off debts. If economic growth rates exceed interest rates, debt will naturally shrink relative to the size of the economy. #PIIECharts More from @jasonfurman & @LHSummers :

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