Research
- +16
Stewart Patrick, Erica Hogan, Oliver Stuenkel, …
{
"authors": [
"Trinh Nguyen"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "asia",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "AP",
"programs": [
"Asia"
],
"projects": [],
"regions": [],
"topics": [
"Political Reform",
"Economy",
"Trade",
"Foreign Policy",
"Civil Society"
]
}
Source: Getty
In The Media
Whatever the Federal Reserve Just Did, It May Not Help Much
The global economy is on extended sick leave and central banks’ actions have failed to contain the contagion.
By Trinh Nguyen
Published on Mar 16, 2020
Source: Financial Times
The global economy is on extended sick leave and central banks’ actions so far have failed to contain the contagion. Despite aggressive measures to provide liquidity to markets, big central banks — from the US Federal Reserve and the European Central Bank to the Bank of Japan and the Reserve Bank of Australia — have not managed to stop big falls in asset prices or to shore up investors’ confidence. In the process, they have exposed three fundamental limitations of monetary policy.
About the Author
Trinh Nguyen
Former Nonresident Scholar, Asia Program
Trinh Nguyen was a nonresident scholar in the Asia Program at the Carnegie Endowment for International Peace.
- BRICS Expansion and the Future of World Order: Perspectives from Member States, Partners, and Aspirants
- Indonesia’s Controversial Fuel Price Hike Was Actually NecessaryCommentary
Trinh Nguyen
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Endowment for International Peace
- 9/11 at 25: A Reading List for Understanding the War on TerrorCommentary
The books, podcasts, and films that explain the world it made.
Andrew Leber
- The Fallout of the U.S.–Canada Trade War Won’t Be Limited to North AmericaCommentary
U.S. trading partners in Asia are closely watching the dispute for signs of how it may affect their own interests.
Barbara Weisel
- Europe Fails to Learn the Lessons from CeutaCommentary
The aftermath of the Ceuta crisis shows Europe has drawn the wrong lessons. Rather than doubling down on failed migration policies, the EU needs to address the underlying roots of such episodes.
Richard Youngs
- America Walks Away from Global DemocracyPaper
By abandoning past U.S. pro-democracy policies and adopting several lines of pro-autocratic action, the Trump administration has fundamentally repositioned the United States vis-à-vis democracy in the world.
Thomas Carothers
- American Power: A View from ChinaPaper
Chinese strategists are once again debating whether American power is declining and whether U.S. hegemony is experiencing irreversible decay.
Wu Xinbo
