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1 China and EU Collaborate on Export Controls
Fabrice Beaux2 Sovereign Wealth Funds in the Tax Spotlight
Mohamed Filali3 As Survey Responses Drop, Where Can the Economic Data Come From?
Timothy Taylor4 Singapore's Entrepreneurial Renaissance: Nurturing Innovation and Growth
Rayson Choo5 Remittances: They Just Keep Rising
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The EU has struggled to address the financial crisis that hit several member states in the eurozone, including Greece, Italy, and Spain, in the late 2000s.
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Starting in the Great Recession of 2007-9, the Federal Reserves started a policy of “quantitative easing,” in which the Fed held substantial quantities of financial assets like US Treasury bonds and federally guaranteed mortgage-based debt. The problem at the time was that the Fed had reduced its policy interest rate to near-zero. The idea was that if the Fed held such assets, then interest rates could be somewhat lower, compared to a situation where these assets were being sold in financial markets.
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