Peterson Institute

The challenge is not that AI will make societies poorer, Cullen Hendrix writes in @ForeignPolicy. Rather, it is that it will make them richer in ways that render many citizens economically dispensable for continued economic growth. foreignpolicy.com/2026/04/30/pet…

EMDE policy responses to the Fed & dollar have served them well in past crises. Many EMDE central banks will retain this approach, prioritizing containing inflation over maintaining short-term growth by tracking US monetary policy & exchange rates. piie.com/blogs/realtime…

Calling China to change its distortionary development strategy may be warranted, @arvindsubraman says. But one can't question it's mercantilism on grounds it penalizes China's consumers, whose standard of living has risen faster than anywhere else. project-syndicate.org/commentary/chi…

Listen to the newest @Trade__Talks episode with @PortofLA Executive Director Gene Seroka here or wherever you get podcasts: tradetalkspodcast.com/podcast/213-up…

Arvind Subramanian rebuts the claim that the country’s mercantilist development model has short-changed consumers. project-syndicate.org/commentary/chi…

Port of Los Angeles Executive Director Gene Seroka discusses the current state of the nation’s busiest port, including updates on U.S. trade with China, the impact of recent tariffs and more on the latest podcast episode of @Trade__Talks with @ChadBown, senior fellow at @PIIE.

It has been a common belief that somehow "offshore" dollars, including the dollar reserves held by non-US authorities, have to "leave" the US through US current account deficits. This belief is dead wrong. Maurice Obstfeld explains: piie.com/blogs/realtime…

NEW: @PortofLA Executive Director Gene Seroka joined @ChadBown on @Trade__Talks for an update on US trade with China, as well as the impact on the Port from the recent tariffs, the war in Iran, automation, & AI. Listen here or wherever you get podcasts: tradetalkspodcast.com/podcast/213-up…

The political consequences of AI may be similar to the political economy of oil states: an economy in which the state derives significant revenue from a narrow, high-rent sector, while the relative economic leverage of labor declines. By Cullen Hendrix: foreignpolicy.com/2026/04/30/pet…

📽️ Webcast: Warwick McKibbin on building economic projections for better policy 📊🌏

One of the few winners in the current oil squeeze—US oil & gas producers who have enjoyed “unusual profits” since the war began—will likely see some downward pressure on profits as & when the post-OPEC-exit UAE supply hits the market, @AdnanMazarei says. aljazeera.com/economy/2026/5…

My interview with Richard Quest on the impact of sanctions and the US blockade on Iran

Icymi

In October, Trump said Xi agreed to buy a lot more US soybeans. So Chad went to the Port of Los Angeles to check. Chad: “Have you seen an increase in US exports of soybeans and other farm products?” Gene Seroka: “Not at all…The purchases didn’t happen.” tradetalkspodcast.com/podcast/213-up…

Analyzing climate change, international trade, & international taxation, @KClausing finds adequate incentive mechanisms are pivotal to resolving global collective action problems, & could strengthen collective efforts in the face of would-be spoilers. piie.com/publications/w…

The political consequences of AI may be similar to the political economy of oil states: an economy in which the state derives significant revenue from a narrow, high-rent sector, while the relative economic leverage of labor declines. By Cullen Hendrix: foreignpolicy.com/2026/04/30/pet…

Listen to the entire PIIE Insider LIVE conversation wherever you get podcasts & subscribe to PIIE Insider the newsletter to get the paper on the economic effects of the Iran War right to your inbox when it's published: piie.com/subscribe

It has been a common belief that somehow "offshore" dollars, including the dollar reserves held by non-US authorities, have to "leave" the US through US current account deficits. This belief is dead wrong. Maurice Obstfeld explains: piie.com/blogs/realtime…

EMDE policy responses to the Fed & dollar have served them well in past crises. Many EMDE central banks will retain this approach, prioritizing containing inflation over maintaining short-term growth by tracking US monetary policy & exchange rates. piie.com/blogs/realtime…

The challenge is not that AI will make societies poorer, Cullen Hendrix writes in @ForeignPolicy. Rather, it is that it will make them richer in ways that render many citizens economically dispensable for continued economic growth. foreignpolicy.com/2026/04/30/pet…