Sarah Kreps, professor of government, discusses sanctions and Russia’s assault on Eastern Ukraine. 

“The Fed is at real risk of losing control of the inflation narrative and could be forced to tighten even more aggressively than it has signaled, raising the risk of a marked slowdown in growth in 2023,” says Eswar Prasad, professor of international trade policy and economics. Prasad is also quoted on Marketplace about President Biden requiring infrastructure bill materials to be made in the U.S. 

Eswar Prasad, senior professor of trade policy and professor of economics, told the British Parliament’s House of Lords Economic Affairs “Committee that the UK has an effective payments system and there is no strong consumer case for a British CBDC.” But he also noted that “one could still make the user case in terms of the CBDC catalyzing additional innovation”. 

“It will be interesting to see what happens in the real wheat belt in North Dakota and Minnesota,” says Chris Barrett, professor of applied economics and policy. “They still have some time to decide what to plant. A deciding factor might be wheat prices shooting up.” 
 

Robert Hockett, professor of law and regulation of financial markets and institutions, says that the U.S.’s economic growth is too strong to be crushed by the Fed’s measure. 

“Putin seems determined to show that he can dictate terms and force countries that are dependent on his country’s natural gas exports to sing to his tune,” says Eswar Prasad, professor of international trade policy. The piece syndicated to The Boston Globe. 

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Zainab Usman is a senior fellow and director of the Africa Program at the Carnegie Endowment for International Peace in Washington, D.C. Her fields of expertise include institutions, economic policy, energy policy, and emerging economies in Africa. Her forthcoming book, Economic Diversification in Nigeria: the Politics of Building a Post-Oil Economy, is set to be published by Zed/Bloomsbury Press in June 2022.

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Coverage of a new paper by Saule Omarova, professor of law, calling for the creation of a National Investment Authority which would direct and facilitate investment in green infrastructure. 

“It’s kind of a perfect storm,” says Chris Barrett, professor of applied economics and management. “It’s not just a matter of, food prices are going high. It’s food prices are going high at a moment when many places are already crippled by the challenges posed by COVID, by political disruptions elsewhere, by droughts and floods and other natural disasters.” 

Eswar Prasad, professor of international trade policy, discusses why emerging markets will move away from using the dollar as an intermediary currency.