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Emma Smith

Emma Smith

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Emma Smith is an analyst at the Council on Foreign Relations.

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  3. sachs346_Gunter FischerEducation ImagesUniversal Images Group via Getty Images_AU office Gunter FischerEducation ImagesUniversal Images Group via Getty Images

    The Case for a G21

    Jeffrey D. Sachs

    As a powerful complement to the United Nations, the G20 has acquitted itself well by representing most of the world’s population and economic output with a limited membership. By expanding to include the African Union, it would overcome its biggest limitation without any loss of agility.

     calls for the African Union to be added to the G20 to address the group’s biggest limitation.
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  4. rajan71_ Win McNameeGetty Images_quantitative easing Win McNameeGetty Images

    The Dangers of Endless Quantitative Easing

    Raghuram G. Rajan

    With growth so uncertain, it is understandable that central banks would be wary of beginning to taper monthly bond purchases before it is clear that inflation has taken off. But they would do well to recognize that prolonging quantitative easing implies significant risks, too.

     worries about the effects of accommodative monetary policies on governments’ exposure to interest-rate risk.
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