PIIE Experts in the News

Washington Post's Neil Irwin's Must Reads

Neil Irwin lists PIIE Senior Fellow Joseph Gagnon's Policy Brief, "The World Needs Further Monetary Ease, Not an Early Exit," as a "must read" in the debate on whether the largest economies in the world should continue or end government stimulus.

Paul Krugman: Joe Gagnon Is Right

Paul Krugman writes that implementing PIIE Senior Fellow Joe Gagnon's suggestions to the Fed are worth trying and may have large potential benefits.

Dow Jones Newswire | Posen: More Bond Buys the Most Likely Next Move

In an interview with Dow Jones Newswires, Bank of England Monetary Policy Committee member Adam S. Posen said that while an interest-rate hike can't be ruled out before the end of the year, further stimulus through the central bank's bond purchasing program could equally be needed. Posen highlighted a range of factors that could sway policy ahead: the absence of a hoped-for pickup in exports, continued strains in the euro area, cash hoarding by companies, and a persistently high rate of inflation.

PRI: Kirkegaard Comments on British PM Cameron's Visit to the White House

Anchor Marco Werman speaks with Jacob Funk Kirkegaard about the July 20 talks between President Obama and British Prime Minister David Cameron. The two leaders have been following different economic paths recently, with Britain looking at deep budget cuts, while the United States continues to focus on stimulus measures to revive the economy.

Schott at University of Sydney: Trade Issues Arising from China, Iran, and the Gulf Oil Spill

In an interview at the United States Studies Centre, University of Sydney, Jeffrey J. Schott discusses the importance of the Asia-Pacific region to the US economy and the way forward for US-China economic relations. The author of several studies on economic sanctions, Schott also addresses the effectiveness of recent UN trade sanctions against Iran as well as the impact of the Gulf oil spill on the White House's attention to trade issues.

Bloomberg: Aslund Says European Banks Might Need State Capital

Anders Åslund discusses the outlook for European bank stress tests. Aslund talks with Margaret Brennan on Bloomberg Television's "InBusiness."

Jacob Kirkegaard on the European Economy

Steve Scher at KUOW Puget Sound Public Radio discusses whether the European Union is cracking under economic pressure and if austerity measures really work with guests John Authers, Financial Times; Debra Glassman, University of Washington; Jacob Kirkegaard, Peterson Institute for International Economics; and Antonio de Lecea, Economic and Financial Minister of the Delegation of the European Union to the United States.

Lardy on NPR: Chinese Bank Plans Huge Public Offering

The Agricultural Bank of China is planning what could be the largest initial public offering in history. NPR's Robert Siegel speaks with Nicholas Lardy, PIIE, and Andy Xie, a Shanghai-based economist, about concerns about possible bad loans.

Bergsten on NPR: China's Currency Valuation

The U.S. welcomed China's decision to allow the value of its currency to rise against the dollar, but the long-term implications are unclear. Diane and guests explore what Chinese exchange rate flexibility could mean for the U.S. and the global economy.

Bergsten on the PBS NewsHour: Tensions Flare Between U.S., China After Push for Revalued Currency

The Obama administration has placed pressure on China to revalue its currency, creating economic tensions between the two countries. Ray Suarez sits down with C. Fred Bergsten, director of the Peterson Institute for International Economics, about this latest turn of events.

C-SPAN: Washington Journal Program | Nicholas Lardy on China

Nicholas R. Lardy, PIIE's China expert, speaks on the Washington Journal Program for June 8 about China's economy and what impact it has on the United States. Scroll through the C-SPAN video to the 1.38 mark to view the interview with Lardy.

Bloomberg | Posen: Risk EMU Financial Crisis Could Spread to US, UK

Adam S. Posen sees a risk that the eurozone financial crisis could spread to the United Kingdom and the United States unless Europe moves to normalize its banking system.

Noland on The State We're In: North Korea, Police State, Prison State

Marcus Noland listens to two interviews with a North Korean prison survivor and an escaped prison guard, and then comments on their experiences, drawing parallels between North Korea's belligerence toward neighboring countries and its treatment of its own citizens.

Bloomberg: Posen Says UK at "Low Risk" of "Turning Japanese"

Scott Hamilton outlines Adam S. Posen's analysis of the risk of the US and UK economies entering a "lost" decade of stagnation as Japan did in the 1990s.

Kirkegaard on FoxBusiness News: The Positive Side of Greece's Bailout

Jacob Funk Kirkegaard defends Europe's rescue efforts.

PBS Nightly Business Report: Simon Johnson on Europe's Financial Woes

Erika Miller, PBS Nightly Business Report, interviews Simon Johnson about the financial problems in Europe are impacting US investors.

Mussa on MSNBC: United States, Next Greece or Japan?

MSNBC interviews Michael Mussa, PIIE, and Peter Schiff, Euro Pacific Capital, on whether the United States is poised to be the next Greece or Japan.

Kirkegaard on Marketplace Radio: Greek Crisis May Have Impact in United States

Tess Vigeland talks to Jacob Funk Kirkegaard about how Greece's financial crisis can have an impact on American workers and the US economy.

Adam Posen on CNBC: UK Inflation Rate Keeps Bank of England's Monetary Policy Committee Up at Night

Adam S. Posen, a member of the Bank of England's Monetary Policy Committee and PIIE Senior Fellow, discusses with CNBC the unexpected rise in inflation in the United Kingdom. See also interview from Market News International.

Bloomberg: Posen Calls ECB Bond Purchases Economically Inefficient

Adam Posen, a member of the Bank of England's Monetary Policy Committee, talks with Bloomberg's Deirdre Bolton and Erik Schatzker about the European Central Bank's bond purchase program. Posen also discusses the outlook for the European debt crisis, the euro and U.K. inflation.

C-SPAN: Arvind Subramanian on IMF Offer of Aid to Greece

Arvind Subramanian discusses the IMF's decision to offer Greece $39 billion in aid to Greece over three years. Subramanian also describes the size and scope of the loan and the implications of what happens if the trouble country fails to pay it back.

Simon Johnson on FoxBusiness News: Greece and Portugal to Default

Simon Johnson tells FoxBusiness that the recent bailout package, while providing liquidity, does not address the underlying solvency issues in Europe.

Kirkegaard on Bloomberg: ECB Committed to "Peripheral" Economies

Jacob Funk Kirkegaard, research fellow at the Peterson Institute for International Economics, and David Bianco, head of US equity strategy at Bank of America Merrill Lynch, talk with Bloomberg's Carol Massar and Matt Miller about how European policymakers announced an almost $1 trillion loan package to end the region's sovereign debt crisis. Bianco said the European Central Bank (ECB) is "committed" to giving time to let the region's "peripheral" economies heal. Kirkegaard notes that while the bailout amount for Greece issubject to political risk, the ECB's involvement is a watershed event.

Bloomberg: Bergsten Says Euro Region in Need of "Economic Union"

C. Fred Bergsten talks with Bloomberg's Susan Li about European policymakers' announcement of an almost $1 trillion loan package to end the region's sovereign debt crisis. Bergsten also discusses the future of the European Union.

Bergsten on NPR: The Fed's Role in Europe's Economic Plan

NPR's Robert Siegel interviews C. Fred Bergsten about the Federal Reserve's role in the European bailout package for Greece and what the overall bailout does for Europe's economy.

Bergsten on the PBS NewsHour: Bailout for Greece Raises Stability Concerns Across Europe, United States

Margaret Warner interviews C. Fred Bergsten on market turmoil following the rescue package for Greece and what the bailout means for the United States.

Simon Johnson on the Diane Rehm Show: Europe's Expanding Debt Crisis

Fears that the Greek debt crisis may spread have sparked market sell-offs around the world. Simon Johnson, Peterson Institute for International Economics and MIT, joins Eswar Prasad, Brookings Institution, and Uri Dadush, Carngie Endowment for International Peace, on the Diane Rehm show to discuss what the debt burdens in Greece, Portugal, and other European countries could mean for economies worldwide.