Calomiris appeared on “Bloomberg Markets” with Carl Riccadonna from Bloomberg Intelligence to discuss the Federal Reserve’s interest rate policy and its impact on banks.
As wealth continues to concentrate among the rich, economists question the effect of such inequality on economic growth. CGEG Director, Jan Svejnar and Sutirtha Bagchi of Villanova University examined the effects of wealth inequality, publishing their results in a study recently accepted by the Journal of Comparative Economics.
With the recent BRICS 2015 Summit in Ufa and the launch of the New Development Bank, the Brics have not hidden their role in today's globalized world. The Brics are currently in a period of reglobalization, and the direction in which Russia now procceeds with their policies will greatly influence the future. In his brief, Troyjo examines the policy choices Russia faces and institutions that will play a role in development. He also presents ten recoommendations to serve as guidelines for the policyleaders when dealing with global partners.
Taking note of the increasing accumulation of wealth by the top 1%, Svejnar examined the consequences of such distributions on the economy.
Sestanovich describes three issues that the administration must address once U.S. reaches an agreement with Iran. More concerning than having Iran violate the terms of a nuclear deal is to have it comply with the agreement. What will happen once Iran's limitations have eased? How can the administration ease concerns of this scenario? Read the full post on the Washington Wire (WSJ).
"...the Brics are not a club of equals and their balance of power has changed radically over time. China’s GDP is now almost 60 per cent larger than the other four countries combined. In 2001, it was 10 per cent smaller. More importantly, and in a stark departure from its usual restraint, China has decided to play a more assertive role in the pursuit of its global financial agenda. Indeed, 2015 is likely to go down in the financial history books as the year when China awoke..."
Deseglise, co-Director of BRICLab traces the history of the brics, noting China's emergence as the strongest of the…
With the majority having voted "No" on Sunday, July 5th, many fear the worsening of economic conditions and an increase in unemployment in the times ahead. Svejnar, however, believes the younger Greeks may have been right to vote as they did, as it allows for the possibility for Greece to stop using the Euro. Although this may be difficult at first, the switch from the Euro to its own currency could mean a growth in exports and tourism, opening up opportunities for the younger generation.
Marcos Troyjo, co-director of CGEG's BRICLAb, is featured in the second installment of Columbia in Rio - Conversations, in which he discusses his upbringing in Brazil, his career as a diplomat and academic, and the history of the BRICLab at Columbia University.
This year’s prestigious Bonn-based Institute for the Study of Labor (IZA) Prize in Labor Economics has been awarded to Jan Svejnar, Director of the Center on Global Economic Governance (CGEG) at Columbia University’s School of International and Public Affairs (SIPA) and the James T. Shotwell Professor of Global Political Economy.
The Center on Global Economic Governance Faculty Associate Shang-Jin Wei reported to his new post as the Chief Economist of the Asian Development Bank (ADB).
Edited by the noted author and journalist Anya Schiffrin, "Global Muckraking: 100 Years of Investigative Journalism from Around the World " (2014, The New Press) is a sweeping introduction to international journalism that has galvanized the world’s attention.
Columbia University Professor and Nobel Prize laureate, Joseph Stiglitz, was awarded the 2014 Daniel Patrick Moynihan Prize by the American Academy of Political and Social Science (AAPSS). The award, named after late Senator Daniel Patrick Moynihan, distinguishes social scientists and leaders in the public sphere who support efforts in challenging the society’s most critical issues. Professor Stiglitz’s work on the pressing issue of income inequality in the US and championing discourse efforts in policymaking has garnered him the honor. The economist’s work is most noted by his book,…