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May 7, 2007

Economics
Central Kansas, not central park

My plans have evolved slightly, so I am going pretty much directly from England to central Kansas (i.e. tornado land).  In practice, that I means I probably won't be able to resume regular postin…

June 29, 2018

United States
Tax Reform in the Q1-2018 BoP Data Tax Reform in the Q1-2018 BoP Data

The impact of the U.S. tax reform on the U.S. trade balance was a hot item of debate last December. There was an argument that reducing the headline tax rate—and creating an even lower tax for the…

July 30, 2018

International Economic Policy
Gone Fishing

I am planning to take the next few weeks off—no blogging. That at least is the plan, barring a major financial surprise. It thus seems a natural time to look back at the topics I have covered in t…

July 26, 2018

Vietnam
Is Vietnam the New China? Is Vietnam the New China?

Vietnam appears to be taking a page out of China's post-WTO playbook by intervening to keep its currency weak and its exports strong.

July 23, 2018

China
China’s Currency Is Back in Play China’s Currency Is Back in Play

China's currency is getting awfully close to some key levels, levels where in the past China has resisted further depreciation. The signals China sends from here on will be critical.

July 26, 2018

NAFTA
Oil Production Has Moved North, and Auto Production South Oil Production Has Moved North, and Auto Production South

Both Mexico and the U.S. are in a sense adjusting to (mild) oil shocks ...

July 16, 2018

Puerto Rico
Looking Back on Fiscal 2018 as Puerto Rico Starts a New Fiscal Year Looking Back on Fiscal 2018 as Puerto Rico Starts a New Fiscal Year

Sales tax revenues have recovered. Fiscal year 2019, which started in July, should be a good year thanks to Federal disaster aid. The real question though is what happens when Federal aid starts to f…

November 4, 2015

China
China Japan Korea South Trilateral Park Geun-hye Shinzo Abe Comfort 2 Assessing the First Park-Abe Summit

For the first time in over three years, leaders of China, Japan, and South Korea converged on Seoul for a trilateral summit. As host, South Korean Park Geun-hye also held bilateral meetings with Chin…

April 25, 2018

Ireland
Irish Flag and Apple Logo Tax Avoidance and the Irish Balance of Payments

At this point, profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.

August 15, 2018

South Korea
South Korean President Moon Jae-in delivers a speech. Moon Jae-in’s 2018 Liberation Day Speech and South Korea’s Foreign Policy

The commemoration marking the anniversary of the end of World War II is always a bittersweet moment in South Korea. It marks a day of euphoria on the Korean peninsula that carries with it both the le…