Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Pierre Yared
The OECD should be reclaimed, not abandoned
NEW YORK — On Sept. 30, the Organization for Economic Cooperation and Development (OECD) marked the 65th anniversary of its founding. Like many other aging international organizations, it has developed a taste for mission creep, as we witnessed firsthand as former delegates there. That is why some US policymakers want to reduce or eliminate funding for the organization.
Hay que recuperar la OCDE, no abandonarla
El 30 de septiembre, la OCDE celebró el 65.º aniversario de su fundación. Al igual que muchas otras organizaciones internacionales que están envejeciendo, ha desarrollado una tendencia a la desviación de su misión, como pudimos comprobar de primera mano en nuestra etapa como antiguos delegados allí. Por eso, algunos responsables políticos estadounidenses quieren reducir o eliminar la financiación destinada a la organización.
America's Silent Debt Crisis
With the U.S. presidential election just a week away, candidates are competing to promise tax cuts and lavish spending on social programs to woo voters. But whoever wins must confront a crisis that’s been building for decades—a crisis that, if left unchecked, will erode America’s ability to thrive in an increasingly unstable world. Government debt as a share of GDP is now at levels unseen since the end of World War II, and it’s projected to climb even higher in the next two decades.
What global factors could make inflation less stable?
Most advanced economies enjoyed a long period of low, stable inflation prior to 2021, with inflation in the U.S. actually running below the Federal Reserve’s 2% inflation target for much of the 2010s. This stability was driven in part by factors external to monetary policy, including downward price and wage pressures from globalization and de-unionization.
Changing Central Bank Pressures and Inflation
For helpful comments, we are grateful to Janice Eberly, Brett House, Don Kohn, Jennifer La’O, Chris Moser, Jesse Schreger, Silvana Tenreyro, and Shang-Jin Wei. We thank Krishna Kamepalli for excellent research assistance. This is an earlier version of the paper prepared for the Spring 2024 Brookings Papers on Economic Activity (BPEA) conference and the final version of this paper will be published in the Spring 2024 BPEA issue.
Changing central bank pressures and inflation
Editor's note: The paper summarized here is part of the spring 2024 edition of the Brookings Papers on Economic Activity, the leading conference series and journal in economics for timely, cutting-edge research about real-world policy issues. Research findings are presented in a clear and accessible style to maximize their impact on economic understanding and policymaking. The editors are Brookings Nonresident Senior Fellows Janice Eberly and Jón Steinsson.
Central Bank Credibility and Fiscal Responsibility
Skip to main content For helpful comments, we are grateful to Hassan Afrouzi, Jeff Frieden, and Ken Rogoff. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
Monetary Policy without Commitment
This paper studies the implications of central bank credibility for long-run inflation and inflation dynamics. We introduce central bank lack of commitment into a standard non-linear New Keynesian economy with sticky-price monopolistically competitive firms. Inflation is driven by the interaction of lack of commitment and the economic environment.
Pandemic Lockdown: The Role of Government Commitment
Abstract This paper studies lockdown policy in a dynamic economy without government commitment. Lockdown imposes a cap on labor supply, which improves health prospects at the cost of economic output and consumption. A government would like to commit to the extent of future lockdowns in order to guarantee an economic outlook that supports efficient levels of investment into intermediate inputs.
Pandemic Lockdown: The Role of Government Commitment
References: Aguiar, Mark, Manuel Amador, and Gita Gopinath, “Investment Cycles and Sovereign Debt Overhang,” The Review of Economic Studies, 2009, 76 (1), 1–31. Alvarez, Fernando E., David Argente, and Francesco Lippi, “A Simple Planning Problem for COVID-19 Lockdown,” NBER Working Paper No. 26981, 2020. Amador, Manuel, Iván Werning, and George-Marios Angeletos, “Commitment vs. Flexibility,” Econometrica, 2006, 74 (2), 365–396. Athey, Susan, Andrew Atkeson, and Patrick J.
Opinion | Democrats Can’t Wish the National Debt Away
The National Debt Clock in New York, Jan. 11. Photo: Michael Nagle/Bloomberg News Several Democratic presidential candidates have showered Americans with spending promises. Many support some version of Medicare for All, which could cost $32 trillion or more over the next decade. Making the transition to a low-carbon electricity grid, a popular initiative in the Green New Deal, is projected to cost more than $5 trillion.
A Century After, Nothing to Celebrate About Communism | RealClearMarkets
A Century After, Nothing to Celebrate About Communism
Nothing to Celebrate
A recent YouGov survey found that 19 percent of millennials hold favorable views of Communism, compared with only 4 percent of baby boomers. In its “Red Century” series, the New York Times celebrates Communism’s supposed progressive virtues. “For all its flaws,” said one writer, “the Communist revolution taught Chinese women to dream big.” One of Communism’s “flaws” is its death toll, which runs in the tens of millions.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Pierre
Contact Pierre, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack