Hardly any economist would have disagreed if Peter Navarro, new chief trade adviser to President Trump, had just restated the standard textbook wisdom: that a common currency cannot fit well the diverging needs of economies that are hit by asymmetric shocks. But Mr. Navarro’s statement was significantly more original, claiming that Germany is using a …Read More

As Germany assumes the Presidency of the G20 largest world economies, a new U.S. president takes office, and uncertainties surround the future of the global economic order, the American Institute for Contemporary German Studies at Johns Hopkins University is launching a new Geoeconomics Project in 2017. Peter S. Rashish, who counts over 25 years of …Read More

In the current climate of rising populism—or what Mark Blyth calls “global Trumpism”—the United States and Germany remain key engines of the global economy. While Germany has long been admired for its export-led model, the United States is a powerhouse of household consumption. But both economies are vulnerable to problems endemic to their growth models. …Read More

The Global Financial Crisis of 2007-09 ended a two-decade period of steady economic growth and stable inflation in the world’s advanced markets, the so-called “Great Moderation.”[1] Since the mid-1980s, this long-term stabilization in macroeconomic indicators had provided the grounds for continuous cross-border integration across financial markets, trade relations, and societies, giving way to an unprecedented …Read More

On November 8, 2016, Americans will decide whether Donald Trump or Hillary Clinton will be the president of Europe’s most important trade and investment partner. In 2015, 20 percent of EU exports went to the U.S., while 17 percent of U.S. goods and services were sent to the EU. Together, the U.S. and EU have …Read More

The first conference of “A German-American Dialogue of the Next Generation: Global Responsibility, Joint Engagement” engages young Americans and Germans in discussions of current issues of concern for the transatlantic relationship. Young leaders in the fields of foreign and domestic policy; society, culture, and politics; and business and economics will come together to address challenges …Read More

The shock of Britain’s vote to leave the European Union has German carmakers scrambling. Not only is Britain their number one export market, last year, British buyers spent €22 billion on over 800,000 BMWs, Mercedes, Volkswagens and other German cars. What’s more, Britain is also deeply embedded in the German automakers’ complex supply chains. The …Read More

Amid continuing uncertainties after the UK’s decision to leave the EU, AICGS President Jackson Janes sits down with Dr. Werner Hoyer, President and Chairman of the Board of Directors of the European Investment Bank, to discuss the path forward for the European project. Although the departure of the UK is a tremendous loss for the …Read More

In a recent speech delivered at the World Affairs Council and American Council on Germany in San Francisco, Dr. Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, assessed the current market environment after Brexit, noting that while financial markets are not in panic, investments are looking for guidance in a period of …Read More

The year 2016 has been characterized by growing uncertainty about the strength of the global economy: uncertainty about the ability of emerging markets—and especially China—to successfully address cyclical and structural weaknesses in their economies; uncertainty about the impact of the slowdown on advanced economies, namely the United States and Europe; and uncertainty about the impact …Read More

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