Brookings Institute brochure

8/3/2019 Brookings Institute brochure

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QUALITY. INDEPENDENCE. IMPACT.

1775 Massachusetts Avenue, NW

Washington, DC 20036

www.brookings.edu

Annual Reprt

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EconomicStudies Innovative thinking for

long-term prosperity

Economic Studies Co-Director Ted Gayer(right) moderates a lunchdiscussion with DouglasElmendorf, director ofthe Congressional BudgetOffice, on U.S. domesticaction to reduce carbonemissions.

Photo

byPaulmorSe

Karen Dynan, vicepresident and co-directorof Economic Studies,leads a discussion oninnovative ideas in theHamilton tradition withSenior Fellow MichaelGreenstone, the newHamilton Project director,at a forum that featured

Vice President Joe Biden.Photo

byPaulmorSe


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Economic Studies

With eco-nomicindicatorsshowinga slowand halt-

ing recovery in the aftermath ofthe worst downturn since theGreat Depression, scholars in theEconomic Studies program con-tinued to help shape the nationaldebate with testimony, papersand events geared to bolsteringthe recovery and promoting con-ditions for long-term economicgrowth.

It may be half a dozen yearsor more before the economyreturns to full employment,said Karen Dynan, who becamevice president and co-director ofEconomic Studies in September2009. Our goal is to conductthe kinds of research that pointtoward sound policies for puttingthe nation back on trackandthen to communicate our insightsto policymakers as well as to thebroader public, added Dynan,also the Robert S. Kerr SeniorFellow.

Given the immense strainson the economy at this time, ourprogram has been focused onanalysis of current and proposedpolicy responses, as well as onrecruiting outstanding experts toresearch key national policy ques-tions, said Ted Gayer, co-directorof the program and the Joseph A.Pechman Senior Fellow.

In their joint leadership role,Dynan and Gayer concentratedthis year on issues critical tothe nations long-term stability:Dynan on household consump-tion and savings, as well as onthe need for better data for ourevolving economic and financialsystem; Gayer on the housingmarketforeclosure preven-tion programs and the first-timehomebuyers tax creditand the

merits of a carbon tax.One of the major debates that

shaped up over the year was howto balance the potential need fornew stimulus spending with con-cerns about deficit and debt.

Widely cited new estimateson the mid- and long-term budgetoutlook by Senior Fellow WilliamG. Gale, the Arjay and FrancesFearing Miller Chair in FederalEconomic Policy, and Alan Auer-bach of the University of Califor-nia, Berkeley concluded that in2020, the deficit is projected tobe between 5 and 7 percent ofgross domestic product and thedebt/GDP ratio is projected toexceed 90 percent.

Senior Fellow Alice Rivlinwas asked to co-lead the newlylaunched Bipartisan PolicyCenters Debt Reduction TaskForce with former SenatorPete Domenici. She was alsoappointed by President Obama tothe Bipartisan National Commis-sion on Fiscal Responsibility andReform; Trustee Ann M. Fudgealso serves on the presidentscommission.

At the Brookings Papers onEconomic Activity spring 2010conference, former FederalReserve Chairman Alan Green-span presented a paper on thecauses of the financial crisis thatwas immediately picked up by theWall Street Journal, plus over 100other media outlets.

During a year that heraldedlandmark health care reform leg-islation, the Engelberg Center forHealth Care Reform stood out asa leading source of analysis fortransforming the way we deliverand pay for medical services. Ledby Senior Fellow Mark McClellan,the Leonard D. Schaeffer Chair inHealth Policy Studies, the centerreleased a report that drew con-sensus from a wide spectrum ofexperts on steps to bend the cost

curve in health care spendingwhile also improving quality. Someof the reports principles becameenshrined in the new health carelaw and others remain high on thepolicy agenda.

Health experts at Brook-ings also contributed adviceand leadership to First LadyMichelle Obamas childhoodobesity campaign, particularlyLawrence Kocot, a visiting fel-low and deputy director of theEngelberg Center, who serves onan advisory board for the FirstLadys initiative. Senior FellowRoss Hammond published a criti-cal study on how to use dynamicmodeling to combat the trendtoward excessive and unhealthyweight. Hammond replacedJoshua Epstein as director of thenewly renamed Center on SocialDynamics and Policy.

Financial regulatory reformfaced a rough ride through Con-gress this year before securingfinal passage in July. Offeringsome of the most influential anal-ysis on how the proposed rulesmight prevent future crises with-out curbing growth, the Initiativeon Business and Public Policy,

led by Senior Fellow Martin Baily,the Bernard L. Schwartz Chair inEconomic Policy Developmentwith Senior Fellow Robert Litanand Fellow Douglas Elliottwrote extensively on the legisla-tion and held timely forums andprivate briefings.

Senior Fellows Ron Haskinsand Isabel V. Sawhill, the CabotFamily Chair, released their book,Creating an Opportunity Society(Brookings Institution Press,2009) to wide praise. It wasnamed as a finalist in the Fore-Word Book of the Year awards.

Donald Kohn, former FederalReserve Vice Chairman, joinedthe program as a senior fellow.And Economic Studies nowhouses the Climate and EnergyEconomics project, co-directedby Nonresident Senior FellowsWarwick McKibbin and PeteWilcoxen, with Fellow AdeleMorris as policy director. MichaelGreenstone, 3M professor ofeconomics at MIT, became asenior fellow and the new direc-tor of the Hamilton Project.Adam Looney also joined as asenior fellow and policy directorfor the Hamilton Project. n

Discussing the burden of debt, Rep. Paul Ryan of Wisconsin outlines an acUnited States to a more certain economic future. Senior Fellow Ron Haskinswhich was sponsored by the programs Budgeting for National Priorities proj

President Barack Obama lays out his plan for jobs and economicgrowth on December 11 at Brookings.

PhotobySharon

Farmer

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byPaulmorSe

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byralPhalSwang

House Majority LeaderSteny Hoyer of Marylandgreets former colleague Rep.

William Frenzel, now a guestscholar at Brookings, as SeniorFellow Alice Rivlin watches.

At a Budgeting for NationalPriorities event on fiscalresponsibility in March, Hoyersaid that never in my decadesin Congress have I seen apublic so outraged by deficitsand debt.


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Global Economyand Development

Achieving equitablegrowth in all communities

Photo

bySharonFarmer

PhotobyPaulmorigi

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byralPhalSwang

Following a talkon jobs andthe economy atBrookings,PresidentBarack Obamagreets Vice Presidentand Director of theGlobal Economy andDevelopment programKemal D ervis as(from left) BrookingsManaging Director

William Antholis,Brookings TrusteeDaniel Yergin andBrookings Trustee

James D. Wolfensohnlook on.


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ForeignPolicyResearch that

world leaders heed

Martin Indyk listens asformer UN AmbassadorRichard Holbrooke,President Obamas SpecialRepresentative to both

Afghanistan and Pakistan,speaks about the currentsituation in the twocountries. Indyk (right),

vice president and director ofthe Foreign Policy program,sits next to Senior FellowBruce Riedel; StephenCohen, also a senior f ellow,is at the far left.

Russian FederationPresident DmitryMedvedevspeaks atBrookings shortly after thesigning of the New STARTTreaty. The Center on theUnited States and Europehosted the event.

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byRalPhalswang

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byRalPhalswang

F i P li


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Foreign Policy

President Obamassecond year inoffice was markedby difficult foreignpolicy dilemmaswhether to send

more troops to Afghanistan, howto curb Irans nuclear program,how to build new partnershipswith Russia and China, how tomake peace in the Middle East,and how to shape an emerging

multipolar world order. Acrossthe spectrum of these globalchallenges, Foreign Policy atBrookings played a prominentrole in the policy debate, withits diverse array of distinguishedresearchers generating anddeploying ideas that helpedimprove policy.

This was a year when our in-depth researcha dozen books,over 100 articles and papers, and250 opinion piecesfactoredinto every major foreign policydebate, said Martin Indyk, vicepresident and director of ForeignPolicy. It was also a year markedby many important conversationswith major world leaders con-vened by Brookings.

Soon after signing the New

START Treaty, which cut U.S.and Russian strategic offensiveforces, Russian President DmitryMedvedev gave a lively speechto a capacity crowd at Brook-ings. Senior Fellow Steven Piferwrote in the Brookings Up FrontBlog: Theres an image in theWestperhaps a bit of a stereo-typethat speeches by Russianofficials to foreign audiences willbe stiff, staid and long-windedaffairs. Medvedev shattered thatmold.

As director of the ArmsControl Initiative, Pifer was amain driver in the debate aboutthe Obama administrationsreset of relations with Moscow.

In Beijing in October 2009,

the John L. Thornton ChinaCenter and the China Instituteof Strategy and Management co-hosted the Strategic Forum forU.S.-China Clean Energy Coop-eration. Former U.S. Vice Presi-dent Al Gore and Chinese VicePremier Li Keqiang, togetherwith Obama administrationofficials, addressed the forum.

In May, the Center forNortheast Asian Policy Studies

and the China Center organizeda conference to discuss thegrowing prominence of globalissues in the U.S.-China bilateralrelationship, featuring a keynoteaddress by Deputy Secretary ofState and former Brookings vicepresident James B. Steinberg.Led by Senior Fellow Richard C.Bush, the Michael H. ArmacostChair, the Center for North-east Asian Policy Studies alsohosted six visiting fellows fromthe region who collaborated onresearch focused on alternativesources of energy.

The Saban Center for MiddleEast Policy convened top Israeliand American policymakers inJerusalem for the sixth annualSaban forum, which included

a session in Ramallah hostedby Palestinian Prime MinisterSalam Fayyad. Among those whodelivered remarks at the forumwere Israeli Prime MinisterBenjamin Netanyahu, formerU.S. President Bill Clinton,Israeli Defense Minister EhudBarak, and U.S. SenatorsJoseph Lieberman andLindsey Graham.

Led by Senior Fellow Ken-neth Pollack, the Saban Centeralso hosted a widely reportedcrisis simulation focusing on thediplomatic and military rami-fications of an Israeli militarystrike against the Iranian nuclearprogram, and organized a confer-ence on Irans future featuring

an address by General DavidPetraeus.

The 21st Century DefenseInitiative continued to serve asa hub for research and discus-sion of emerging defense policyissues. The initiative organizedmore than 40 events, rangingfrom public speeches by all themilitary service chiefs to privatesessions with civilian aid experts

returning from Afghanistan. Theinitiatives director, Senior FellowPeter W. Singer, was named oneof the Top 100 Thinkers in theworld byForeign Policy magazineafter he published his best-selling book, Wired for War: TheRobotics Revolution and Conflictin the 21st Century (PenguinPress, 2009).

Michael OHanlon, direc-tor of research for the ForeignPolicy program and the SydneyStein, Jr. Chair in InternationalSecurity, released another impor-tant book on Afghanistan, co-authored with Hassina Sherjan,an Afghan American business-woman and educator living inKabul. (See Press, page 40.)

Within days of the devastat-ing earthquake in Haiti, theBrookings-Bern Project on Inter-nal Displacement examined theresponse. Latin America Initia-tive director Mauricio Crdenaswrote about the need to rebuildthe capacity of its government,as well as Haitis infrastructure.

The devastating oil spill in theGulf of Mexico once again raised

concerns about our energy future.Led by Senior Fellow CharlesEbinger, the Energy SecurityInitiative published reports onthe changing responsibilities ofthe nuclear industry, intellectualproperty and clean technology,and an assessment of the Arcticmelt, among other topics.

Best-selling author and col-umnist Robert Kagan joined For-eign Policy as a senior fellow inSeptember. Kagan will work onU.S. foreign policy in the Centeron the U.S. and Europe. Abroad,the Brookings Doha Center andthe Brookings-Tsinghua Centerfor Public Policy in Beijing bothcontinued to expand their reachand activities. n

Improving the U.S. Response to Internal Displacement, anevent moderated by Senior Fellow Elizabeth Ferris (right), co-directorof the Brookings-Bern Project on Internal Displacement, also includesDeputy Assistant Secretary of State Kelly T. Clements.

Javier Solana, formerEuropean Union High

Representative for Foreignand Security Policy, takesnotes while U.S. Secretary ofState Hillary Clinton lays outthe administrations NationalSecurity Strategy at Brookingsin May. Solana joinedForeign Policy this year as adistinguished senior fellow.The event was hosted by theManaging Global Insecurityproject.

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byRalPhalswang

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byRalPhalswang

PhotobyPaulMoRigi

Marking a new strategicpartnership, Indian ForeignSecretary Nirupama Rau andU.S. Undersecretary of StateBill Burns were among thepolicy experts convened byBrookings and the Federationof Indian Chambers ofCommerce and Industry onthe day after the governmentsof the United States andIndia held their first strategicdialogue on the official level.

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GovernanceStudies A century

of political judgment

Faith and the role of religion in politics,immigration policy, and even money spurredcolumnist and Senior Fellow E.J. Dionne Jr.to moderate a wide range of conversations atBrookings this year, which included disparatespeakers such as Sojourners President andCEO Jim Wallis and HSBC ChairmanStephen Green.

White House Senior Advisor ValerieB. Jarrett offers concluding remarks atthe Brookings Forum on Growth throughInnovation in November 2009 as BrookingsChairman of the Board John L. Thornton(middle) and Darrell West, vice president anddirector of Governance Studies, listen.

His All Holiness Bartholomew (left), Archbishop of Constantinople, New RChurch, addresses how global environmental challenges relate to the role of convocation. His Eminence Archbishop Demetrios of America is second to le

PhotobyStevePurcell

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