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Blogs

Follow the Money

Brad Setser tracks cross-border flows, with a bit of macroeconomics thrown in.

Latest Post

 A Quick Word on the (Lack of) Revenue From the Senate’s Proposed International Tax Reform

The Joint Committee on Tax has scored the Senate’s proposed international tax reform. Read More

December 8, 2017

South Korea
Korean Won Up, New Taiwan Dollar Flat: An Update on Asian Intervention Korean Won Up, New Taiwan Dollar Flat: An Update on Asian Intervention

Korea didn’t stop the won from appreciating through 1090 (its intervention level in 2016); Taiwan seems to be blocking any move through 30.

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December 6, 2017

United States
Tax Reform and the Trade Balance Tax Reform and the Trade Balance

Warning: long, wonky, and not for the fainthearted. I try to assess how the international reforms will impact where firms book profits and thus the measured trade and income balance, not just the mechanical impact of a higher fiscal deficit.

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November 21, 2017

Eurozone
The Eurozone’s Fiscal Version of the Impossible Trinity? The Eurozone’s Fiscal Version of the Impossible Trinity?

The eurozone member-states may never be able to run a fiscal policy that is optimal for the eurozone taken as a whole.

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