Publications

PIIE's 50+ scholars research a wide range of topics and regions. Our publications reflect the Institute’s commitment to timely, prescient, and topical research in a variety of formats. PIIE books, Policy Briefs, PIIE Briefings, Working Papers, and other scholarly writings all meet our high standards of intellectual rigor and transparency. All PIIE publications communicate the analysis, views, and scholarship of their authors and are not intended to reflect an official view of the Institute or the views of members of the Institute's Board of Directors.

Policy Briefs

August 2021
For all the long-term benefits of urgently addressing climate change, economic policymakers must plan for a challenging transition to carbon neutrality. Pretending that the costs will be trivial is dangerous. Estimates by the Intergovernmental Panel on Climate Change of the United Nations indicate...

David Reifschneider (former Federal Reserve) and David Wilcox (PIIE)

August 2021

Working Papers

September 2021
This paper revises and extends PIIE Working Paper 20-6 . It continues to find strong support for a Phillips curve that becomes nonlinear when inflation is "low"—which our baseline model defines as less than 3 percent. The nonlinear curve is steep when output is above potential (slack is negative)...

Kristin Forbes (MIT), Joseph E. Gagnon (PIIE) and Christopher G. Collins (Morgan Stanley)

PIIE Briefings

April 2021
The global health and economic threats from the COVID-19 pandemic are not yet behind us. While the development of multiple safe and highly effective vaccines in less than a year is cause for hope, several significant dangers to recovery of global health and income are still clear and present: New...

Monica de Bolle (PIIE), Maurice Obstfeld (PIIE) and Adam S. Posen (PIIE), editors