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January 3, 2025

RealEcon
Blocking the Nippon Steel Acquisition: Politics Versus Policy

President Biden's decision to block Nippon Steel’s purchase of U.S. Steel will likely undermine rather than advance U.S. interests.

US Steel Corporation workers rally outside the company's headquarters in Pittsburgh, Pennsylvania, supporting the takeover by Japan's Nippon Steel, on September 4, 2024. United States Steel warned Wednesday it could shut its Pittsburgh headquarters and shutter long-running factories in Pennsylvania if the politically sensitive takeover by Nippon is blocked.

June 24, 2024

Climate Change
Mobilizing Clean Energy Financing through the Multilateral Development Banks

A new paper published by the MIT Center for Energy and Environmental Policy Research (CEEPR) puts forward an ambitious agenda for innovation in clean energy finance.

Lending Increase Enabled by Proposals

January 10, 2025

China
China’s Growing Influence in Latin America

For more than two decades, China has developed close economic and security ties with many Latin American countries, including Brazil and Venezuela. But Beijing’s growing sway in the region has raised…

Chinese shipping giant COSCO owns a majority stake in a new megaport in Chancay, Peru.

April 12, 2024

Economics
The IMF and World Bank Spring Meetings: What to Know

The IMF and World Bank’s spring meetings will focus on the prospects for a soft landing after years of global economic turbulence. But major challenges remain, including growing climate finance needs…

December 13, 2017

Japan
Japanese Monetary Policy Is Working, But the BoJ Can’t Tell You Why

In September 2016, the Bank of Japan adopted a new strategy to boost the flagging Japanese economy: “yield curve control,” or YCC. The aim was to widen the gap between long- and short-term intere…

Japanese Monetary Policy Is Working, But the BoJ Can’t Tell You Why

October 4, 2022

Monetary Policy
As Global Recession Looms, a Perilous Moment for Central Banks

Many central banks are navigating turbulent waters as they battle inflation, a strengthening dollar, and an energy crunch. Should they coordinate policy?

People walk past a sign outside a currency exchange office in London.

January 2, 2025

China Strategy Initiative
China, Russia, and Ukraine: December 2024

China and Russia are deepening energy ties, with natural gas exports exceeding contractual agreements. At the same time, in face of economic pressures, Russia is selling stakes in uranium deposits to…

Russian President Vladimir Putin and Chinese President Xi Jinping attend the gala event celebrating 75th anniversary of China-Russia relations in Beijing, China May 16, 2024. Sputnik/Alexander Ryumin/Pool via REUTERS

July 11, 2024

NATO (North Atlantic Treaty Organization)
NATO and Ukraine Beyond 75, Japan Hosts Pacific Islands, France’s Political Gridlock, and More

The North Atlantic Treaty Organization (NATO) wraps its seventy-fifth summit, pledging to keep Ukraine on an “irreversible” path to membership while concerns grow about the future of U.S. commitment;…

Podcast Ukrainian President Volodymyr Zelenskyy and NATO Secretary Jens Stoltenberg greet each other during a press conference at the 2024 NATO Summit in Washington, DC, on July 11, 2024.