Bank Lending to Eurozone Businesses Fell Again in July
Rising borrowing costs might be weakening the currency area’s economy ahead of another expected ECB rate rise.
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The selloff in U.S. Treasurys has captured global attention, but bond markets overseas have been getting hit even harder. Here’s a breakdown of the forces fueling the overseas rout.
Countries with large debt burdens—France, Italy, the U.K., Japan—have come under the heaviest pressure in recent months.
The China Squeeze: A response to our critics
Our recent PIIE working paper and the subsequent Foreign Affairs article detailed how China's manufacturing export strength is curbing poorer countries' opportunities to industrialize—what we call the China Squeeze.
Many school supplies cost more under Trump's tariffs
Autumn means back-to-school shopping for many households. This year, consumers face higher prices for many basic supplies because of President Donald Trump's tariffs. Backpacks, calculators, notebooks, and shoes are amon...
Mary E. Lovely on the costs of Trump’s trade war with Canada
Mary E. Lovely joins CNN International to discuss President Donald Trump’s trade war on Canada, what it means for not only small businesses on either side of the border but also the North American auto sector’s competiti...
World Trade Flows Continue Recovery in June
World trade flows rose sharply in June, aided by the boom in artificial intelligence-related investment.
Mary E. Lovely on what's really going on with global supply chains
How have US tariffs affected global supply chains? Are trading patterns between countries really changing? What can we learn from the fine print of trade agreements? Are the US and China really decoupling?
Working Papers 26-15: China's economic security growth model and implications for the US-China security dilemma
Traditional conceptions of export- or domestic investment–led growth no longer appropriately capture the dynamics shaping the Chinese economy. Rather, China has adopted a model in which national security logic increasing...
Policy Briefs 26-14: The new Section 301 tariffs for forced labor are vastly excessive
The 10 to 12.5 percent tariffs the Trump administration has imposed under Section 301 of the Trade Act of 1974 are about 40 to 50 times the magnitude that could be warranted on the basis of US exports lost and US imports...
Has Broader Stock Market Participation Changed How Interest Rates Affect the Economy?
A look at the widening of stock market participation over the past four decades and its potential implications for how the broader economy behaves.
Weapons of brass destruction? Trump's tariffs target musical instruments as a national security threat
As school districts, parents, and students nationwide prepare for fall, music educators are wrangling with a sour note. On August 6, 2026, the US Commerce Department issued a request for comment this month on a proposal...
Does the Equity Term Structure Respond to Monetary Policy Shocks?
A look at how monetary policy shocks impact the equity term structure of equity risk premia and dividend growth expectations.