Member Views | The Bretton Woods Committee

Title	Article date	Article source
Lawrence H. Summers: The Biden Stimulus Is Admirably Ambitious. But It Brings Some Big Risks, Too President Biden’s $1.9 trillion covid-19 relief plan, added to the stimulus measure Congress passed in December with the incoming administration’s strong support, would represent the boldest act of macroeconomic stabilization policy in U.S. history.	Thu, Feb 4, 2021	The Washington Post
Monica de Bolle, Chad P. Bown, and Maurice Obstfeld: The Pandemic Is Not Under Control Anywhere Unless It Is Controlled Everywhere High-income countries have cornered global supplies of COVID-19 vaccines, but they are clashing with one another over hoarding their doses, while sending poor countries to the back of the line.	Wed, Feb 3, 2021	PIIE Insider
Elga Bartsch: Covid Shows That Europe’s Fiscal Rules Are Outdated Without a new fiscal regime, the bloc’s economic wounds may take far longer to heal.	Tue, Feb 2, 2021	Bloomberg
Edwin M. Truman and Maurice Obstfeld: Yellen Should Act Quickly to Assist Financially Stricken Countries The global economic meltdown caused by the COVID-19 pandemic has plunged many countries into potential external financial crises through no fault of their own.	Wed, Jan 27, 2021	Peterson Institute for International Economics
Bianca Taylor: The Fed Needs More Flexibility to Act More Equitably The Fed must be equipped to handle the threat of deflation caused by widespread catastrophic natural disasters — without exacerbating inequities.	Wed, Jan 27, 2021	The Hill
Kevin P. Gallagher: 2021: Time for US Leadership on Multilateralism and a Sustainable Recovery Kevin P. Gallagher offers Biden four bold steps to put the global economy and the US' global standing back on track.	Wed, Jan 27, 2021	Global Policy
John B. Taylor: Simple Monetary Rules: Many Strengths and Few Weaknesses This paper endeavors to examine the basic idea in Richard Epstein’s book Simple Rules for a Complex World.	Tue, Jan 12, 2021	European Journal of Law and Economics
Afsaneh Beschloss: The World is Completely Connected Afsaneh Beschloss was interviewed by John Donnelly for the IFC blog.	Wed, Jan 27, 2021	IFC
Nathan Sheets: Outlook 2021: Biden Must Adopt Multilateral Tactics for China Policy Relations between the US and China will remain fraught, albeit more diplomatic	Tue, Jan 12, 2021	OMFIF
Danny Leipziger: China Has a Unique Opportunity to Take the Lead on Emerging Market Indebtedness The current state of the global economy and the outlook for the next few years do not bode well for Emerging Market and Developing Economies (EMDEs). Many countries were overly indebted before the pandemic and additional borrowing, one of the few options available to them, will push many into the terrain of unsustainable debt. China’s joining the Debt Service Suspension Initiative of the G-20 is commendable; however, this action only deals with official debt held by poorer EMDEs.	Fri, Jan 15, 2021	The Bretton Woods Committee