Jacob Funk Kirkegaard, senior fellow, has been associated with the Institute since 2002. He is also a senior associate at the Rhodium Group, a New York-based research firm. Before joining the Institute, he worked with the Danish Ministry of Defense, the United Nations in Iraq, and in the private financial sector. He is a graduate of the Danish Army's Special School of Intelligence and Linguistics with the rank of first lieutenant; the University of Aarhus in Aarhus, Denmark; and Columbia University in New York. He is coeditor of Transatlantic Economic Challenges in an Era of Growing Multipolarity (2012) and author of The Accelerating Decline in America's High-Skilled Workforce: Implications for Immigration Policy (2007) and coauthor of US Pension Reform: Lessons from Other Countries (2009) and Transforming the European Economy (2004) and assisted with Accelerating the Globalization of America: The Role for Information Technology (2006). His current research focuses on European economies and reform, pension systems and accounting rules, demographics, offshoring, high-skilled immigration, and the impact of information technology.
Bloomberg TV There Will Be a Mini Bank Run in Cyprus Video | March 25, 2013 Jacob Funk Kirkegaard explains that Europe is several big steps closer to a banking resolution framework in the euro area, one that would be similar to how the FDIC operates in the United States.
The Diane Rehm Show Cyprus and EU Bailouts Audio | March 21, 2013 Jacob Funk Kirkegaard joins Sheila Bair, Nicholas Karambelas, Nicholas Schrifin, and host Tom Gjelten to discuss of the state of the Cyprus bailout negotiations.
PBS NewsHour Will the Banking Crisis in Cyprus Rock Other Markets? Video with transcript | March 18, 2013 Jacob Funk Kirkegaard explains that when a small country like Cyprus has banks worth 800 percent of GDP, then when the banks have a small problem, the government has a big one.
NPR's Weekend Edition Japan's Economic Plan May Be Bad News for Everyone Else Audio | January 26, 2013 Japan is being criticized for infusing its economy with money to help spur consumption, but Jacob Funk Kirkegaard notes the global economic recovery would have been much worse had the US Federal Reserve and other central banks not flooded their own financial markets with money during the global recession.
Bloomberg TV Europe Writedown of Greek Debt Expected 'Last' Video | November 29, 2012 Jacob Funk Kirkegaard discusses the European Union's aid package for Greece, the role of the International Monetary Fund, and the outlook for Spanish banks.
PRI's The World How Europe's Ailing Economy Affects the American Industry Audio with transcript | October 24, 2012 Jacob Funk Kirkegaard says that while the euro crisis's most direct effect on US industry is reduced US exports to Europe, its most negative effect is that it is lowering financial market confidence.
NPR's Morning Edition Easy Money May Boost Economy But At What Cost? Audio with transcript | September 28, 2012 Jacob Funk Kirkegaard says that the trillions of dollars being pumped into the global economy by central banks come with risks and that easy money could lead to long-term rises in inflation, or even new housing bubbles.
Nightly Business Report IMF Calls on International Leaders to Spark Global Economy Video | September 24, 2012 Speaking at the Peterson Institute, IMF Managing Director Christine Lagarde called for leaders in Europe and the United States to take action to boost global growth. Jacob Funk Kirkegaard says that Europe has the political will to implement a banking union, but it is unrealistic to expect Europe to put together a fully comprehensive banking union in less time that the United States has spent implementing the Dodd-Frank Act.
CNBC Asia Expect a Bold Response from the ECB Video | September 12, 2012 Jacob Funk Kirkegaard expects the European Central Bank to announce significant new measures to help stem the euro area debt crisis.
Bloomberg Radio Kirkegaard Says ECB Must Push Spain, Italy Audio | September 6, 2012 Jacob Funk Kirkegaard discusses the European Central Bank's new government bond-buying program and explains what the decision means for US markets.
Yahoo! Finance ECB's New Government Bond-Buying Program Is a Game Changer Article | September 6, 2012 Jacob Funk Kirkegaard rates the European Central Bank's new plan as not a Band-Aid but rather a policy that "really does have the potential to be a game changer" in solving the euro area's financial crisis.
NPR's Morning Edition The European Central Bank's Guide to Influence Interview with article | July 13, 2012 Jacob Funk Kirkegaard explains that the European Central Bank is using its control over making more euros to extract governance concessions from European countries.
Bloomberg Businessweek ECB Role Is to Respond to Weakening Video | July 5, 2012 Jacob Funk Kirkegaard says the European Central Bank's move to cut interest rates is a standard response to a weakening euro area economy.
The Atlantic Council The Eurozone Crisis After the Greek Elections Video | June 22, 2012 Jacob Funk Kirkegaard joins C. Boyden Gray, US ambassador to the European Union, and Ulrike Guerot, European Council on Foreign Relations, in a discussion held by the Atlantic Council on the euro area crisis following the Greek elections.
Council on Foreign Relations Did the G-20 Help the Eurozone? Interview | June 20, 2012 Jacob Funk Kirkegaard assesses the G-20 summit in relation to the euro are in this interview.
Business News Network Greek Election Results Video | June 18, 2012 Following an update of Greece's performance in the Euro Cup, Jacob Funk Kirkegaard discusses the outcome of Greece's parliamentary elections and the challenges New Democracy faces in forming a governing coalition.
PBS NewsHour Is Spain 'in Denial' Over Growing Banking Crisis? Video with transcript | June 11, 2012 Jacob Funk Kirkegaard and Douglas Rediker of the New America Foundation discuss the bailout Spain secured for up to $125 billion to shore up its ailing banks and why it is still unclear how those funds will be distributed.
Bloomberg Greek Euro Exit Chances Under 5 Percent Video | May 23, 2012 Jacob Funk Kirkegaard puts the odds of Greece exiting the euro area at less than 5 percent, noting that Greek politicians realize 80 percent of the Greek population opposes leaving the euro.
NPR Morning Edition Bond Market Shrugs Off France's Presidential Vote Interview | May 8, 2012 Jacob Funk Kirkegaard discusses how the bond market correctly perceived that the president-elect is not going to embark on some huge stimulus program in France.
CNBC Euro Zone Could Face Recession May 2, 2012 Jacob Funk Kirkegaard explains that the euro area could face a prolonged period of low growth, if not outright recession.
The Diane Rehm Show Spain's Clash with Argentina over an Oil Company Interview | April 18, 2012 Jacob Funk Kirkegaard, research fellow at PIIE, joins Paul Isbell, Inter-American Dialogue; Daniel Kaufman, Brookings Institution; and Sophia Aguirre, Catholic University of America, on the Diane Rehm Show to discuss Spain's criticism of Argentina over the nationalization of the oil firm YPF.
Wall Street Journal At One Think Tank, Two Opposing Views on the Euro-Zone Outlook Article | January 19, 2012 The Wall Street Journal covers the Peterson Institute event in which two opposing views on the outcome of the euro area crisis were presented. Simon Johnson and Peter Boone presented dire predictions, while C. Fred Bergsten and Jacob Funk Kirkegaard remain more optimistic.