- President of the Peterson Institute for International Economics
- Member, Monetary Policy Committee of the Bank of England, 2009–2012
- Advisor to central banks, governments, and global investors on economic challenges
Adam Posen is President of the Peterson Institute for International Economics, the world's leading independent think tank on economics and globalization. He is one of the world's foremost experts on macroeconomic policy, resolution of financial crises, the economies of Europe, Japan, and the US, and central banking issues.
Adam Posen Takes the Stage [pdf]
The Winter 2013 issue of
The International Economy (TIE) magazine features an in-depth interview with Peterson Institute President Adam S. Posen.
From September 2009, by appointment of the UK Chancellor of the Exchequer, Dr. Posen served for three years as an external member of the Bank of England's rate-setting Monetary Policy Committee. During this critical period for the world economy, he was a prominent advocate of activist policy response to the financial crisis, successfully led the MPC into quantitative easing, brought innovative efforts to stimulate business investment to the top of the UK economic agenda, and accurately forecast global inflation developments.
Adam Posen brings a uniquely international perspective to macroeconomics: He worked in finance in Germany following reunification; wrote the definitive book on Japan's economic crisis of the 1990s and counseled the Koizumi government that subsequently turned Japan around; coauthored with Ben Bernanke a reform program for Fed policy, and currently advises the US Congressional Budget Office; and consulted for the UK Cabinet Office on the successful London G-20 summit of 2009, prior to being appointed to the MPC.
Among the most cited economists in the press, he appears frequently on Bloomberg, CNBC, BBC, and NPR programs, and his commentary is published regularly in the world's leading newspapers. In April 2012, an article in the Atlantic magazine named Dr. Posen to its international team of "superstar central bankers."
Dr. Posen received his PhD and BA from Harvard University, and is a member of the Council on Foreign Relations and of the Trilateral Commission. The author or editor of five books, he has been the recipient of major grants and research fellowships from the American Academy in Berlin, the Bank of England, the Brookings Institution, the European Commission, the Ford Foundation, the Sloan Foundation, and the US National Science Foundation.
Financial News
The Top Financial Tweeters to Follow
May 6, 2013
The Financial News names Adam S. Posen one of the best financially-focused Twitter accounts to be following.
Bloomberg Television
Too-Big-To-Fail Banks Is "Global Issue," Posen Says
Video | April 24, 2013
In this "Markets Makers" interview, Adam S. Posen discusses financial regulation and the global banking system with Bloomberg's Sara Eisen and Erik Schatzker.
France 24
The Business Interview
Video | April 22, 2013
Adam S. Posen discusses the role austerity has played in Europe's slow economic recovery on France 24's weekly segment featuring economic experts.
International Monetary Fund
Toward a Stronger Eurozone: Fostering Growth and Completing the Architecture of EMU
Video | April 20, 2013
Adam S. Posen is a panelist in this high-level discussion that closed the International Monetary Fund's Spring Meeting.
The International Economy
Adam Posen Takes the Stage [pdf]
March 2013
The Winter 2013 issue of The International Economy (TIE) magazine features an in-depth interview with Peterson Institute President Adam S. Posen.
Bloomberg Radio
Peterson's Posen Says Cyprus Plan 'Not Sustainable' [mp3]
Audio | March 25, 2013
PIIE President Adam S. Posen explains why the austerity imposed on Cyprus will require more emergency aid to keep the island nation in the euro area.
AmericasDemocrats.org
Is Austerity the Way to Go to Get Us Out of the Fiscal Crisis?
Audio | March 10, 2013
As a guest on AmericasDemocrats.org's weekly netcast, Adam S. Posen explains the history of the Peterson Institute, his experience as an American at the Bank of England, and why austerity is a lose-lose proposition right now.
The Charlie Rose Show
The Outlook for the US and UK Economies
Video | February 12, 2013
Adam S. Posen joins Charlie Rose to discuss how to balance austerity and stimulus policies, comparing how the United States and the United Kingdom have responded to the global economic crisis.
The Washington Times
G-20 Gets Chance to Reshape Banks
Article | February 12, 2013
PIIE President Adam S. Posen discusses banking regulations and a global trade in services agreement, among other topics, at a Washington Times editorial board meeting.
The Wall Street Journal
Abenomics Wins Over a Bank of Japan Skeptic
Video | February 8, 2013
Adam S. Posen talks with Jacob Schlesinger, Tokyo bureau chief of the Wall Street Journal, about why he is hopeful that a more aggressive Bank of Japan and a measured way of getting to fiscal consolidation will end deflation and get Japan back to growth.
Bloomberg Surveillance Radio
Peterson's Posen Sees 'Good Things Afoot' in Japan [mp3]
Audio download | February 7, 2013
While participating in a conference at the Bank of Japan, PIIE President Adam S. Posen calls into Bloomberg Radio to discuss the euro area, the strength of the banking sector, and "Abenomics."
The Washington Post
Japan Is Caught in a Stimulus Trap
Op-ed | February 3, 2013
In his column, Robert Samuelson discusses the efforts by Japan's new prime minister to revive the Japanese economy, citing PIIE President Adam S. Posen's view of why Japan has struggled economically for two decades.
The Guardian
British Economy Faces Threat of Lost Decade
Article | January 19, 2013
With the British economy stagnating, some economists are calling on British officials to change course, but Adam S. Posen warns that the public and financial markets may not respond well to abandoning the inflation-targeting regime.
Nightly Business Review
What Does Treasury Secretary Nominee Jacob Lew Bring to the Table?
Video with transcript | January 10, 2013
Following the nomination of Jack Lew to be the next US Secretary of Treasury, Adam S. Posen tells Darren Gersh the next treasury secretary will have to cooperate with other countries also seeking to reign in budget deficits.
Bloomberg News
Posen Says Lew's Challenges Include Global Austerity
Article | January 9, 2013
Adam S. Posen tells Bloomberg News the next Secretary of Treasury will need to face international challenges, including how to deal with foreign countries' currency manipulation and the global effects of countries cutting their budgets.
The Washington Times
Too Much Belt-Tightening Risky for Global Economy
Article | January 9, 2013
Adam S. Posen warns that for countries such as the United States and Germany, sudden austerity could do more harm than good, as international spillovers are quite large when major economies tighten monetary policy at the same time. Jacob Funk Kirkegaard adds that the recession in the euro area was the result of the member countries all consolidating at once.
America Abroad Radio
America and the European Union: A Vital Partnership
Audio | January 2013
Adam S. Posen joins host Tess Vigeland and Charles Kupchan from the Council on Foreign Relations to discuss how the Obama Administration will look to strengthen America's relationship with Europe during the president's second term.
PIIE President-designate Adam S. Posen Featured in the New York Times Magazine
God Save the British Economy
December 19, 2012
Adam Davidson writes that Adam S. Posen has been leading the argument for macroeconomic stimulus in response to the global financial crisis and sees his new leadership of the Peterson Institute as an opportunity to continue changing the global economic policy narrative.
Bloomberg TV
Posen on the Fiscal Cliff and European Developments
Video | December 2012
Adam S. Posen stops by Bloomberg's studio in Hong Kong to discuss the euro area crisis, fiscal cliff negotiations, and the upcoming elections in Japan.
CNBC
Why the UK Won't See Business Investment Bonanza
Article | December 3, 2012
Adam S. Posen explains why the Bank of England is too downbeat on the UK economy.
Wall Street Journal
Tour of Troubles in World's Largest Economies
Article | November 8, 2012
Sudeep Reddy summarizes the Global Economic Prospects presentations by Adam S. Posen, David J. Stockton, and Nicholas R. Lardy.
Bloomberg TV
Posen Says US Fiscal Deal Easier than Believed
Video | November 7, 2012
Adam S. Posen tells Bloomberg's Mark Crumpton that the US deficit problem is really two issues: a 2.5–3 percent gap between spending and revenues and healthcare cost containment.
Bloomberg TV
Posen Says Central Banks Should Step Up Easing
Video | August 31, 2012
Speaking from the Jackson Hole Summit, Adam S. Posen says the US Federal Reserve's mandate is to get unemployment to a sustainable level and to prevent inflation from getting too low or too high. Posen says quantitative easing can help the Fed do its job to lower the unemployment rate.
CNBC Worldwide Exchange
Central Banks Need To Act This Month
Video | August 28, 2012
Part I | Part II
Adam S. Posen says central banks in the United States, United Kingdom, and the European Union should all announce targeted stimulus packages. He explained that US Federal Reserve Chairman Ben Bernanke "should announce" more quantitative easing during the meeting at Jackson Hole. Read the transcript [pdf].
BBC HARDtalk
Break-up of Eurozone 'Very Ill-Advised'
Video | August 22, 2012
Adam S. Posen talks about quantitative easing, the role of central banks in countering the economic downturn, and the role of austerity measures in resolving the euro area crisis. Posen also addresses why it is in Germany's economic interest to restructure the debt of struggling euro area countries. Read the transcript [pdf].
Bloomberg News
Posen Says BOE Should Go Beyond Conventional QE to Fight Slump
Article | August 13, 2012
Bloomberg News writes that Adam S. Posen believes the Bank of England's Monetary Policy Committee (MPC) "does have the authority to make up its mind on what instruments it wants to use." Posen argues that the MPC should utilize options other than buying government bonds to fight the recession.
Financial Times
King Urged to Widen Recovery Measures
Article | August 13, 2012
Adam S. Posen tells the Financial Times that the Bank of England could more effectively stimulate an economic recovery if it were willing to purchase private sector assets. Posen stated, "I have no question in my mind that what we're doing with QE is preventing things from getting much worse, but that doesn't mean you couldn't have an additional or better instrument."
Bloomberg
Osborne's Scope to Reshape Bank of England Widens on Posen Exit
Article | May 20, 2012
"...Posen has done a phenomenal job.... He called the economy right and he stood his ground. You need to have brains and you need to be courageous. He's going to be difficult to replace." —Richard Barwell, an economist at the Royal Bank of Scotland Group Plc and a former Bank of England official, on Adam Posen's departure August 31, 2012, from the Bank of England.
Wall Street Journal | Real Time Economics Blog
Posen: Undercapitalized Banks, Not Greece, Cause of Europe Crisis
Article | May 21, 2012
"The sources of our current problem in the euro area are the various financial exposures that we all have in the interbank market that have not yet been resolved because…institutions remain insufficiently capitalized and insufficiently disciplined."
Financial Times
Posen to Step Down from Bank of England
Article | May 19, 2012
The Financial Times reports that Sir Mervyn King called Adam S. Posen's contribution to the Bank of England's Monetary Policy "outstanding" following the announcement that Posen will accept his appointment as president of the Peterson Institute for International Economics. The Financial Times calls the Peterson Institute "a leading US think-tank with a rare international perspective."
Wall Street Journal | Real Time Economics Blog
Q&A: Lessons on Central Banking From Bank of England’s Posen
Interview | May 18, 2012
Adam S. Posen shares insights gained through his experience as external member of the Bank of England's Monetary Policy Committee with the Wall Street Journal's Sudeep Reddy.
Money Magazine
Posen: Millions of Europeans Face Long Slog
Interview | May 9, 2012
Money Magazine highlights Adam S. Posen in its "Game Changers" interview series.
BBC
The Fine Art of Squeezing: Britain vs America
Article | May 4, 2012
Adam S. Posen explains that the US economy is growing faster than the UK's because of greater corporate investment and consumer spending, among other reasons, and not due to a commitment to austerity.
The Atlantic
How Much Is a Good Central Banker Worth?
Article | April 19, 2012
"If the United States spent $10 billion assembling a central banking fantasy lineup of Lars Svensson, Stanley Fischer, Adam Posen, and Christina Romer, it would probably be a phenomenal investment. It'd pay for itself many, many times over."
CNBC
European Debt Crisis Summit
Video with transcript | October 26, 2011
Adam S. Posen discusses the outcome of the European debt crisis summit and what it means for Greece. Posen also tells CNBC that the Central Bank of England is "leading everybody else" with its latest round of quantitative easing, and that "other people are going to get to where we are because we're doing the right thing."
CNBC
European Debt Crisis Summit
Video with transcript | October 26, 2011
Adam S. Posen discusses the outcome of the European debt crisis summit and what it means for Greece, his speech at the Buttonwood Gathering, and why the Central Bank of England is leading the way with its latest round of quantitative easing.
The Guardian
QE2 Is Not Perfect, But Inaction Is Worse
Article | October 7, 2011
The Bank of England's Monetary Policy Committee follows Adam S. Posen's unwavering advice to restart quantitative easing. For more on Posen's arguments, see No Excuse for Inaction.
The New York Times
In Bank of England Decision, a Once Lonely Voice Is Heard Loud and Clear
Article | October 6, 2011
The New York Times coins the term "Posenomics" in reporting on the Bank of England's decision to finally heed Adam S. Posen's calls for more quantitative easing.
Bloomberg
Bank of England Expands Bond-Purchase Program for First Time in Two Years
Article | October 6, 2011
Bloomberg calls the Bank of England's expansion of its bond-purchase program a "victory" for Adam S. Posen.
Dow Jones
BOE's Posen: G7 Central Banks Should Do More QE
Article | August 31, 2011
Dow Jones reports on Posen's arguments for more quantitative easing. See also Posen's op-ed, No Excuse for Inaction.
Bloomberg
Posen’s BOE Stimulus Push Shapes Debate as European Debt Crisis Persists
Article | August 17, 2011
Bank of England policymaker Adam S. Posen's 11-month push for more stimulus is now shaping the debate among officials as they consider whether the United Kingdom needs more quantitative easing to fight the danger of Europe's crisis.
