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Blogs

Follow the Money

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

Latest Post

The Oversight Board’s Latest Fiscal Plan for Puerto Rico is Still Too Optimistic

The power is off in Puerto Rico, again. It may not be restored for a day or two. Read More

April 13, 2018

Thailand
Previewing the U.S. Treasury’s April Foreign Exchange Report Previewing the U.S. Treasury’s April Foreign Exchange Report

The U.S. Treasury Department’s next foreign exchange report is due on April 15—so it should come out soon, maybe even tonight. Normally the section on China attracts all the attention.

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April 6, 2018

China
When Did the China Shock End? When Did the China Shock End?

Conventional wisdom among economists is that the China shock ended a decade ago. That is largely because the U.S. bilateral deficit with China has been fairly stable since 2007 (measured as a share of U.S. GDP) while China’s current account surplus fell significantly as a share of its GDP from 2007 to 2017.

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March 20, 2018

South Korea
I Gave Korea Too Much Credit For Letting the Won Appreciate in December I Gave Korea Too Much Credit For Letting the Won Appreciate in December

The Trump Administration should be giving Korea a hard time for its return to foreign exchange market intervention in January 2018.

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