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Blogs

Follow the Money

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

Latest Post

The Eurozone’s Fiscal Version of the Impossible Trinity?

The following three propositions all seem to be true: Read More

November 20, 2017

China
China, Credit, and the Current Account China, Credit, and the Current Account

Arguing China’s credit growth is too high in effect is arguing that the post-crisis fall in China’s external surplus isn’t sustainable.

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November 16, 2017

Asia
American Asian Security Allies, Alas, Contribute More to Global Trade Imbalances Than China American Asian Security Allies, Alas, Contribute More to Global Trade Imbalances Than China

One possible U.S. international economic policy towards Asia, broadly speaking, would be to seek to align with Asia’s other economies to put more pressure on China.

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November 6, 2017

Japan
Abenomics and the Long Legacy of the Consumption Tax Hike Abenomics and the Long Legacy of the Consumption Tax Hike

Abe's consumption tax hike stalled what until then had been a demand led recovery, leading to a three year period with no growth in domestic demand. 

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