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March 14, 2018

Xi Jinping stands before delegates at the closing session of the nineteenth National Congress of the Communist Party of China. The Chinese Communist Party

The Chinese Communist Party faces a host of pressing domestic and international policy issues as it transitions to a new generation of leaders.

February 28, 2018

Chinese President Xi Jinping speaks as China's new Politburo Standing Committee members meet with the press at the Great Hall of the People in Beijing, China October 25, 2017. China Is Likely to Enter Another Long Period of Severe Dictatorship

Term limits for the leadership are not usually found in dictatorships. The Chinese Communist Party’s proposed abolition of China’s presidential term limit means that it has forgotten one of the main …

February 2, 2018

Monetary Policy
Federal Reserve The Role of the U.S. Federal Reserve

The role of the Federal Reserve has transformed in the past decade, as it has deployed trillions of dollars to boost the U.S. economy while expanding its regulatory oversight of the nation’s financia…

November 17, 2017

Fed's Projected Balance-Sheet Evolution & Projected Policy-Rate Increases Will Powell Be an Accidental Hawk?

Fed Chair nominee Jerome (Jay) Powell was a logical choice for Fed chair. A business-friendly Republican, he is likely to push forward President Trump’s deregulation agenda in the financial sector wh…

June 8, 2017

thai bhat notes_5.12.2016 Thailand’s Military Prepares for the Long Haul?

During the 1990s and early 2000s, when I was based in Thailand, Thai military officers frequently claimed to me that the armed forces, which along with the monarchy had been the central player in Tha…

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