About the Program

The transatlantic economy remains at the forefront of trade liberalization and globalization debates because of its size and domination of the global economy. The United States and European Union together comprise 54 percent of global GDP while only having 11 percent of the total world population. The transatlantic investment relationship is currently valued at more than $3 trillion and employs up to 14 million workers on both sides of the Atlantic. But following the global economic crisis, the transatlantic partners are struggling with a number of common challenges that can significantly impact their position in the global economy.

GMF’s Economics, Trade, & Investment program works to further policy-relevant transatlantic analysis and discussion on the most pressing global financial, trade, and economic issues. In particular, GMF’s work centers on the long-term impact of the global economic crisis and the sovereign debt crisis in Europe for the transatlantic economic relationship and the need to promote sustainable economic growth through new approaches to innovation and competitiveness.

Strengthening the Transatlantic Economy Event Series

• Crisis in the Eurozone and Germany’s role – Event with Reinhard Bütikofer, MEP
• Perspectives and Priorities for Eurozone Development
• U.S. – EU Economic Relations in a Multi-Polar World
• New Report Released on Impact of Economy Crisis in Eastern Europe

Economics Virtual Forum

Video: Economist Barry Eichengreen discusses his new book Exorbitant Privilege
University of California Economics Professor Barry Eichengreen discusses what factors could lead to the rise or fall of the U.S. dollar and the future of other international currencies.

In 8 minutes or less: Are the United States and Europe responsible for the G20′s unresolved issues?
In this GMF Podcast, Resident Fellow Kati Suominen interviews Deutsche Bank Director of International Financial Market Policy and Transatlantic Academy Fellow Steffen Kern on on the importance of transatlantic coordination in building consensus within the G20 on new global financial regulations, and what role developing and developed countries are playing in the discussions.

Beyond the currency crisis: a deeper look at internal Chinese economic challenges
During the eighth annual Stockholm China Forum in Stockholm, Sweden, Transatlantic Fellow Bruce Stokes sat down with Xiao Geng of Columbia University to outline some of the less discussed economic issues facing China.

Part 2: Former Chief Economist of Deutsche Bank outlines future implications of Euro sovereign debt crisis
Part 1: Former Chief Economist of Deutsche Bank outlines future implications of Euro sovereign debt crisis
In this GMF podcast, Transatlantic Fellow Bruce Stokes interviews Dr. Norbert Walter of Walter & Daughter Consulting and former chief economist of Deutsche Bank. Dr. Walter discusses the Euro sovereign debt crisis, the collapse of the banking sector, and advocates for an economic rescue package while acknowledging its lack of popularity among tax payers.

AEI Fellow analyzes the future of the Euro
In this GMF Podcast, Director of Economic Policy Sean Mulvaney sits down with Desmond Lachman, Resident Fellow at the American Enterprise Institute, to discuss the eurozone crisis and its long-term impact on the transatlantic relationship. Lachman also analyzes the future of the Euro within the context of his recently published paper, “Can the Euro Survive?”

Economics Projects

New Atlantic Capitalism. Reshaping the Economic Model in the EU and the U.S.  is a joint project of four think tanks: demosEUROPA – Centre for European Strategy (Warsaw)  Notre Europe (Paris), Stifitung Wissenschaft und Politik (Berlin) and the German Marshall Fund of the United States (Washington DC). It is supported by the European Commission.

Project Papers and Resources:
“The New Transatlantic Capitalism and the Prospects for the Job Creation in the Recovery”, Jacob Funk Kirkegaard, Peterson Institute for International Economics
“Winning the Prosperity: Creating a New Economic Growth Path”, Sherle Schwenninger, New America Foundation
“Inclusive Growth”, Ian Begg, London School of Economics
“World Economic Outlook. United States and Europe: Economic Prospects and Transatlantic Policy Perspectives”, Presentation by Jörg Decressin, International Monetary Fund

Economics Projects

Co-Chaired by Ewa Björling, the Swedish Minister for trade, and Jim Kolbe, former member of the U.S. Congress and Senior Transatlantic Fellow with the German Marshall Fund of the United States, the Task Force has been launched at a difficult time for trade policy. The Transatlantic Task Force on Trade – a joint initiative by the European Centre for International Political Economy (ECIPE) and the German Marshall Fund of the United States (GMF) – launched on May 12 to spur greater leadership on future trade policy in Europe and the United States.

For further information on the Task Force, click here.

Project Papers and Resources:

• TATF Working Paper: The Multilateralism Conundrum: International Economic Relations in the Post-Hegemonic Era
• TATF Working Paper: Public Support for Trade Policy
• A podcast with a discussion between the Swedish Minister for Trade Ewa Björling and GMF Senior Transatlantic Fellow Jim Kolbe is available here.

Economics News & Analysis