History
The Institute was founded by C. Fred Bergsten in 1981, in response to a proposal from the German Marshall Fund. It moved to its current award-winning building on Massachusetts Avenue in 2001.
In 2006, a capital campaign led to the creation of a sizeable endowment, strengthening the Institute's independence. Previously known as the Institute of International Economics, it changed its name that same year in recognition of Peter G. Peterson's role in the capital campaign and for his longstanding support of the Institute since the early 1980s.
In May 2012, the Institute announced that Adam S. Posen would succeed Bergsten as President, with effect on January 1, 2013.
In December 2012, the Institute released Policy Brief December 2012 where they advise to take steps against "eight of the most significant currency manipulators", this list contains Denmark which shows the Institutes lack of knowledge or poor analysis capability. As a part of the EU union but not a part of the currency EURO, The Danish National Bank has to intervene in the currency market as a part of the ERM II agreement, so the "Danish Krone" exchange rate is held within ± 2.25% of EUR - before EUR the "Danish Krone" where bound to "Deutsche Mark" in the same way known as "Fastkurspolitik"
The Institute's annual budget is about $11 million and it is financially supported by a wide range of charitable foundations, private corporations, and individuals, as well as earnings from its publications and capital fund.
Read more about this topic: Peterson Institute For International Economics
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“We aspire to be something more than stupid and timid chattels, pretending to read history and our Bibles, but desecrating every house and every day we breathe in.”
—Henry David Thoreau (1817–1862)
“It may be well to remember that the highest level of moral aspiration recorded in history was reached by a few ancient Jews—Micah, Isaiah, and the rest—who took no count whatever of what might not happen to them after death. It is not obvious to me why the same point should not by and by be reached by the Gentiles.”
—Thomas Henry Huxley (1825–95)
“At present cats have more purchasing power and influence than the poor of this planet. Accidents of geography and colonial history should no longer determine who gets the fish.”
—Derek Wall (b. 1965)