Member Views | The Bretton Woods Committee

Title	Article date	Article source
Scott Morris , Rowan Rockafellow and Sarah Rose: Mapping China’s Participation in Multilateral Development Institutions and Funds China has emerged as a leading participant in multilateral development organizations. In many ways, this is a welcome development. Today’s global challenges, including COVID-19 and climate change, require an international response and have prompted renewed calls for increased multilateral engagement by the major economy countries. This, combined with the recognition of multilateral institutions’ high standards for transparency and environmental safeguards, have led the United States at times to encourage China to step up its multilateral contributions. At the same time, countervailing voices focused on strategic competition increasingly view China’s multilateral participation with skepticism.	Thu, Nov 18, 2021	Center for Global Development
Jason Schenker, President of Prestige Economics: Video: The switch to natural gas is a half-way solution before we have more reliable renewable options Jason Schenker, president of Prestige Economics, discusses concerns for high natural gas prices amid news that Russia plans to fill its European storage sites starting next month and U.S. natural gas storage data numbers that came out today. Schenker says that supply is a concern as global moves away from coal are adding pressure to the market. He says that from a supply standpoint North America is much more secure in natural gas accessibility than Europe.	Thu, Oct 28, 2021	BNN Bloomberg
Michael B. Greenwald, Harvard Kennedy School: The Digital Asset Olympics The 2022 Winter Olympics will be not only a competition between athletes, but also a geopolitical sparring ground as it has been in the past. The development of a Chinese Central Bank Digital Currency (CBDC) has been in the works for more than 5 years and some of the more potentially nefarious parts of its implementation are finally starting to come to the fore.	Fri, Nov 5, 2021	Belfer Center - Havard Kennedy School
Paul Sheard, Harvard Kennedy School: Inflation, Money Supply and Spiraling Expectations John Greenwood and Steve Hanke’s contention that excessive monetary growth is the cause of recent high inflation doesn’t hold water (“The Monetary Bathtub Is Overflowing,” op-ed, Oct. 22). Behind the 35.7% increase in M2 money supply that they cite—and attribute mainly to the Federal Reserve—lies $5.5 trillion of net spending power injected by the federal government. This was to offset the biggest short-term hit to aggregate demand in U.S. history.	Wed, Nov 3, 2021	Wall Street Journal
Bianca Taylor, Founder, Tourmaline Group: Why Are Natural Gas Prices High? Because Fracking Isn’t Really Profitable. Natural-gas prices are skyrocketing globally, flummoxing policy makers. As parts of the world emerge from the pandemic, energy demand is up and supply down after the cold winter of 2020, worsening temperature extremes, severe drought in South America, and other shortages caused by geopolitical tensions. Here in the U.S., natural gas prices are up about 100% from a year ago. In the U.K., they’re up about 500%.	Thu, Oct 28, 2021	Barron’s
Alice Hill, Council on Foreign Relations: Will Climate Talks Finally Yield Real Results? The upcoming 26th UN Conference of the Parties (COP26) almost feels like a wedding. Set in Glasgow, Scotland, COP26 will bring together negotiators from nearly every country on earth to assess progress in the global fight to stop climate change. British Prime Minister Boris Johnson is hosting. U.S. President Joe Biden has RSVPed yes, as has Australian Prime Minister Scott Morrison and Indian Prime Minister Narendra Modi.	Fri, Oct 29, 2021	Foreign Affairs
Gary Kleiman of Kleiman Intl Consultants Inc: OPINION: Afghanistan’s neighbours recast refugee finance formula The US airlift of Afghanistan refugees drew parallels most notably to its post-Vietnam predecessor four decades ago, and the country’s displacement crisis has lingered among the world’s longest running and biggest at 5mn before the Taliban’s return to power. It follows the Syria and Venezuela exoduses, also of historic proportions, with international aid delivery chronically half short of pledges, and private investors grappling with economic and financial implications when market performance was not a reference in the immediate aftermath.	Sat, Oct 16, 2021	bne IntelliNews
BWC Vice Chair John Lipsky: Surveillance: Recession Risk With Blanchflower (Podcast) John Lipsky, Former IMF First Deputy Managing Director, says data integrity is central and critical to the IMF.	Mon, Oct 15, 2001	Bloomberg
BWC Vice Chair William Rhodes and G30 Executive Director Stuart P.M. Mackintosh: China's Self-Destructive Tech Takedown China’s leaders think that they can crack down on the country’s private technology sector and still deliver material progress as state-owned companies take over. But by reversing the policies that enabled decades of rapid growth, they risk imperiling the unique economic model they seek to sustain.	Tue, Oct 12, 2021	Bretton Woods Committee
Daniel Alpert, Jack G. Clarke Clarke Business Law Institute, Cornell Law School: Inflation in the 21st Century: Taking Down the Inflationary Straw Man of the 1970s This overview of the history of, and future prospects for, undesirable levels of price inflation in the U.S. economy concludes that concerns raised in 2021 by several well-known economists and analysts – regarding the prospects for accelerating levels of inflation as a result of pandemic-era and post-pandemic fiscal and monetary policy (enacted and proposed) – is misplaced.	Mon, Oct 11, 2021	Cornell University Law School