Same Economic Nightmares, Different Solutions: Transatlantic Approaches to International Macroeconomic Policymaking in the Face of the Crisis
Head of Geo-economics Program, DGAP
Claudia Schmucker is head of DGAP’s Geo-Economics Program. Prior to that, she had headed DGAP’s Globalization and World Economy Program since 2002. She has published extensively on European and transatlantic trade policy, the World Trade Organization (WTO), and the Doha Round as well as on the role of informal global forums such as the G7 and G20.
Schmucker studied at Rheinische Friedrich-Wilhelms Universität in Bonn, at Elmira College in New York State, and at Yale University. She holds an MA in North American studies and a PhD in economics from the Freie Universität Berlin.
Katharina Gnath is senior project manager at the Bertelsmann Stiftung and coordinates the liaison office for the “Repair and Prepare: Strengthening the Euro” research project at the Jacques Delors Institut – Berlin. Dr. Gnath is an expert on European and international economic governance and is currently conducting research on the governance of the eurozone. Prior to this she held fellowships at the stiftung neue verantwortung and the German Council on Foreign Relations (DGAP) in Berlin and in 2014 was a member of the Think 20 advisory team during the Australian G20 Presidency. After graduating Dr. Gnath was a trainee at the European Central Bank in Frankfurt and taught in the master´s programme at the Hertie School of Governance. She holds a PhD from the Free University and the Hertie School of Governance in Berlin on the external relations of the euro zone in international financial institutions. She studied Philosophy, Politics and Economics at the University of Oxford and holds an MSc in EU Politics from the London School of Economics (LSE). She has received grants from the Fritz Thyssen Stiftung, the DAAD, and was awarded a Fox International Fellowship at Yale University.
She is a 2016-2017 participant in AICGS’ project “A German-American Dialogue of the Next Generation: Global Responsibility, Joint Engagement,” sponsored by the Transatlantik-Programm der Bundesrepublik Deutschland aus Mitteln des European Recovery Program (ERP) des Bundesministeriums für Wirtschaft und Energie (BMWi).
Policy Report 48
Policy Report 48 argues that, in a climate of economic crisis and distress, transatlantic cooperation is still essential and must be expanded, despite current differences in policy. The authors address the differences in the American and European policy responses to the economic crisis, discussing how the current upheaval in the eurozone affects policies within the EU, between the U.S. and EU, and EU positions in international meetings. By addressing the role of the G20 and IMF lending reform, the authors demonstrate that, if we are to reach some form of consensus in the coming years, then transatlantic cooperation will be essential.