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Thursday December 4, 2008

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SPOTLIGHT: Financial Markets


Reuters/Jessica Rinaldi - Cars made by Chevrolet are seen at a dealership in Dallas

Save to My Portfolio Big Three Automakers Ask for Money - Again

Gary Burtless, December 03, 2008

In an online debate, Gary Burtless argues that federal loan guarantees to an industry in trouble are nothing new. Chrysler in the 1979 and the airlines after 9/11 received government loans and it helped them get back on their feet. He also questions whether Congress can judge the plans the Big 3 have presented to them, and believes a competent executive board should be created to negotiate the terms. Read More

Financial Markets, Fiscal Policy, Transportation, U.S. Economic Growth, U.S. Economy

SPOTLIGHT: Financial Markets


Reuters/Brendan McDermid - A trader works on the floor of the New York Stock Exchange

Save to My Portfolio The Origins of the Financial Crisis

Martin Neil Baily, Robert E. Litan and Matthew S. Johnson, November 2008

In the third installment of the Fixing Finance series, Martin Baily, Robert Litan and Matthew Johnson conduct a thorough analysis of the origins of the financial crisis. They conclude that the crisis had its origins in an asset price bubble that interacted with new kinds of financial innovations that masked risk, with companies that failed to follow their own risk management procedures, and with regulators and supervisors who failed to restrain excessive taking. Read More

Financial Markets, Financial Institutions, Housing, Banking, U.S. Economy

SPOTLIGHT: Financial Markets


Reuters/Rebecca Cook - Assembly line at Ford Motor Michigan Truck Plant in Wayne

Save to My Portfolio Offer the Big Three Automakers a Helping Hand, with Conditions

Gary Burtless, November 18, 2008

Congress is considering legislation that would extend loan guarantees to the U.S. auto industry. Gary Burtless argues that a government bailout would help save American manufacturing jobs and could give taxpayers a good return on their investment. Read More

Financial Markets, Fiscal Policy, U.S. Economic Growth, U.S. Economy

SPOTLIGHT: Financial Markets


Reuters/Nicky Loh-A man looks at stock market prices on computer monitors inside a securities company in Taiwan.

Save to My Portfolio Prudential Oversight of Finance: First Principles for International Cooperation

Ralph C. Bryant, November 08, 2008

World leaders gathered at the G-20 summit in Washington to discuss the global economic and financial crisis. In the first of his two pieces, Ralph Bryant lays out general principles for international cooperation in the supervision and regulation of financial activity. In the second piece, he identifies difficult challenges confronting the participating countries and the international institutions—such as the IMF, the Bank for International Settlements and the Financial Stability Forum—that will be the locus of cooperative efforts. Read More

Financial Markets, Financial Institutions, Global Finance, World Bank, International Monetary Fund

Research and Commentary

Save to My Portfolio The Time for Fiscal Stimulus is Now

Jeffrey R. Kling, William J. Congdon, December 02, 2008

It’s official: the U.S. economy is in a recession, according to the National Bureau of Economic Research, the recognized arbiter of the nation’s business cycles. Jeffrey Kling and William Congdon argue that President-elect Obama needs to come up with an economic recovery plan to remedy the impending economic slump, with emphasis on spending on infrastructure maintenance and repair, which can both stimulate the economy and serve valuable public needs. Read More

Research and Commentary

Save to My Portfolio Paths to Economic Recovery

William G. Gale, Bruce Katz, November 24, 2008

Congress has punted to next year the prospects for a stimulus package with an infrastructure investment that could provide more jobs, a stronger transportation network and a better-running economy. Bruce Katz and William Gale say the clock stopped on legislative action, but President-elect Obama is directing his team to come up with an economic recovery plan that addresses critical infrastructure issues while creating more jobs and stimulating the economy. Read More

Video

Save to My Portfolio How Computer Modeling Can Avert Pandemic Outbreaks

Joshua M. Epstein, December 02, 2008

Brookings’s Center on Social and Economic Dynamics has pioneered a model that forecasts how infectious diseases like the flu spread. Center director Joshua Epstein says the Obama administration should use modeling to avert pandemic outbreaks and restore faith in the public health system.

Past Event

Save to My Portfolio Real Health Care Reform in 2009

Monday, November 17, 2008
8:00 AM to 12:30 PM
Washington, DC

Mark McClellan, director of the Engelberg Center for Health Care Reform at Brookings, brought experts and policymakers together to discuss the prospects for reforming our nation’s health care system. Senator Max Baucus, D-Mt., gave opening remarks and four discussion panels followed, tackling the issues of quality and value, policy reforms, public views of health care reform, and political prospects and priorities for reform. Learn More

About Us

Economic Studies monitors the global economy and seeks answers to economic policy issues in the United States and worldwide. Our research aims to increase the public's understanding of how the economy works and how to make programs and policies better.

Upcoming Events

Save to My Portfolio From Prison to Work: Overcoming Barriers to Reentry

December 05, 2008

The National Press Club

Save to My Portfolio Improving the Measurement of Poverty

December 09, 2008

The Phoenix Park Hotel

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Recent Research and Commentary

Financial Markets Big Three Automakers Ask for Money - Again

Gary Burtless, December 03, 2008

Health Care How Computer Modeling Can Avert Pandemic Outbreaks

Joshua M. Epstein, December 02, 2008

Financial Markets The Time for Fiscal Stimulus is Now

Jeffrey R. Kling, William J. Congdon, December 02, 2008

Financial Markets America Without its Automakers

Gary Burtless, December 02, 2008

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Spotlight

ExpertMartin S. Indyk

Ambassador to Israel and assistant secretary of state for near east affairs during the Clinton Administration, Martin Indyk directs the Saban Center for Middle East Policy. He currently focuses on the Clinton administration’s diplomacy and the Arab-Israeli conflict.

Research ProjectThe Hamilton Project

The Hamilton Project produces research and policy proposals on how to create a growing economy that benefits more Americans. Their agenda also focuses on enhancing individual economic security and effective public investments. 

ExpertMauricio Cárdenas

Mauricio Cárdenas is a senior fellow and director of the Latin American Initiative. Formerly minister of Economic Development and Transportation, and director of National Planning of Colombia, his research focuses on international and development economics. He is also the president of the Latin American and Caribbean Economic Association (LACEA).

ExpertSarah A. Binder

Sarah Binder is an expert on Congress and legislative politics.  She is completing a project on the politics of advice and consent, and is at work on the politics of how Congress responds to financial crises.

ExpertJulia B. Isaacs

Julia Isaacs focuses on public investments in children and how children are affected by national budgetary policies. A former federal budget analyst, she also researches the economic mobility of children and families across the income spectrum.

ExpertSuzanne Maloney

Suzanne Maloney studies Iran, the political economy of the Persian Gulf and Middle East energy policy. A former U.S. State Department policy advisor, she has also counseled private companies on Middle East issues.

TopicMigration

Migration is an issue that bridges Brookings’s expertise in domestic and foreign policy. In the United States, reforming immigration policy remains a subject of intense political debate. Globally, the unprecedented movement of people across borders raises issues in both industrialized countries and the developing world.

ExpertCarlos Pascual

Carlos Pascual is a former U.S. ambassador to Ukraine. As vice president and director of Foreign Policy, he focuses on post-conflict stabilization and international security policy.

ExpertRebecca Blank

Rebecca Blank is an expert on the interaction between the macroeconomy, government anti-poverty programs, and the behavior and well being of low-income families. She has just been named the Robert S. Kerr senior fellow at Brookings.

TOPICThe Presidential Transition

During the 77 days from the election to the Inauguration, Brookings experts will offer 12 "Memos to the President" on top policy priorities across the spectrum of domestic and global challenges, plus additional advice on transitioning from campaigning to governing.

ExpertEswar Prasad

Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University, is a senior fellow in Global Economy and Development. He was previously head of the Financial Studies Division and the China Division at the IMF.

ExpertHugh B. Price

Former president and chief executive officer of the National Urban League, Hugh Price is an expert on education, civil rights, equal opportunity and criminal justice. His 40-year career spans journalism, philanthropy, the law, and social advocacy.

ExpertDarrell M. West

Darrell M. West is the vice president and director of Governance Studies at Brookings. His studies include campaigns and elections, political advertising, mass media, public opinion, technology policy and electronic government.

ProgramGovernance Studies

Governance Studies explores political institutions of the United States and other democracies to assess how they govern, how their practices compare and how citizens and public servants can advance sound governance.

Research ProjectLatin America Initiative

The Latin America Initiative provides high-quality, in-depth, and independent research across a range of economic and political issues, and offers policy recommendations aimed at U.S. and Latin American policymakers.

ExpertMark B. McClellan

A medical doctor and economist, Mark McClellan works on promoting high-quality, innovative and affordable health care. Once commissioner of the Food and Drug Administration and administrator of the Centers for Medicare and Medicaid Services, Dr. McClellan now directs the Engelberg Center for Health Care Reform.

Policy CenterEngelberg Center for Health Care Reform

The Engelberg Center for Health Care Reform provides practical solutions to achieve high-quality, innovative, affordable health care with particular emphasis on identifying opportunities on the national, state and local levels.