Jacob Funk Kirkegaard

The End of the Years of Plenty? American and German Responses to the Economic Crisis

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Policy Report 49 analyzes the policy responses of Germany and the United States to the continued economic and financial unrest. The authors examine the origins of Germany’s economic policy and order as well as the current role Germany is playing in the European economy. They also analyze implications for European integration, security issues, and the transatlantic partnership.They argue that because the Great Recession had different economic effects in Germany and the U.S., policymakers’ responses differed as well. But, once the economic circumstances converge, economic policy in Germany and the U.S. will also become similar again.

Europe’s New Message: My Way or the Drachma Highway

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Greece’s call for a referendum on the bail-out has been rescinded. The next tranche of funds for Greece from the IMF appears to be safe. According to his essay Europe’s New Message: My Way or the Drachma Highway, Dr. Jacob Funk Kirkegaard, Research Fellow at the Peterson Institute for International Economics and frequent AICGS contributor, argues this was the goal behind Greek Prime Minster George Papandreou’s call for a referendum. However, his potentially term ending move may have had another, more lasting effect: the threat of kicking member states out of the monetary union is now officially on the table.

What Can and Must EU Leaders Achieve Ahead of the G-20 Summit?

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In his essay entitled What Can and Must EU Leaders Achieve Ahead of the G-20 Summit?, Peterson Institute for International Economics Research Fellow Dr. Jacob Funk Kirkegaard posits that there is no single answer to the multitude of problems currently facing Europe. However, the upcoming EU Summits must work to take a large step forward in correcting the fiscal situation by making a number of necessary changes.

The Euro Zone Should Look to the Brady Plan to Solve Its Crisis

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As the financial crisis within the euro zone widens, governments have been at a loss for immediate action to resolve the situation. In an essay based off of his remarks given at a recent AICGS conference on Balancing Global Macroeconomic Discrepancies, Jacob Funk Kirkegaard of the Peterson Institute for International Economics suggests that the Brady Plan from the Latin American debt crisis in the 1980s might provide a good model for the euro zone as it tries to extricate itself from further crisis.