Dr. Stephen Silvia is a Geoeconomics Non-Resident Senior Fellow at AGI. He is a Professor of Economics in the School of International Service at American University, where he teaches international economics, international relations and comparative politics. He researches comparative labor employment relations, and comparative economic policy, with a focus on Germany and the United States.
Industrial Policy: The New défi américain
The Biden Administration’s unapologetic embrace of a nationalistic industrial policy a year ago with the passage of the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Inflation Reduction Acts (IRA) …
AGI Asks: What to Expect from the Biden Administration?
AGI asks: What are the one or two most important areas of economic, trade, financial, technology, public health, or climate policy where there is the greatest need for German-American or …
Transplant Rejection
Transferring institutions across borders is a perilous undertaking. Germans should know this better than most. The wholesale transfer from east to west of the Federal Republic’s institutions was a painful …
Waiting for German Domestic-led Growth
Criticism of German domestic economic policy has reached unprecedented intensity in recent weeks. The United States Department of Treasury and the European Commission have both called out Germany for its …
The United States Economy after the 2012 Election: Playing Chicken
American elections are many things. One thing they rarely produce, however, is a deep and detailed discussion of policy proposals. This is particularly true for economic policy. In 2012, both …
The Unsinkable Euro-Dollar Exchange Rate
Why is the euro crisis different from all other sovereign debt crises? The euro’s exchange rate has remained remarkably stable. The euro has depreciated by only 7 percent versus the …
Has Germany Been Successful Running a High-Wage Manufacturing Sector?
Throughout Germany’s handling of the euro zone crisis, much has been made of its strong economy – particularly in the manufacturing sector – as an example for the less economically stable countries to follow. However, as Dr. Stephen Silvia points out, Germany’s success in high-wage manufacturing jobs may not be all it is cracked up to be.
The Euro: How to Know When We’re There
Unfortunately for the euro zone crisis, last week’s EU summit appears to have produced yet another underwhelming plan. According to Dr. Stephen Silvia, Associate Professor at the School of International Service at American University, Europe’s leaders once again failed to address any of the major problems that still ail the euro zone economies. At the core of any plan, argues Dr. Silvia, should be an attempt to make the euro zone an “optimal currency area.”
